Greenlight Capital: 13F holdings, Q4 2023
Concentrated value · SEC EDGAR filings (CIK 0001079114) · Explore on the interactive board
Greenlight Capital disclosed 40 US equity positions worth $1.8bn in its Q4 2023 13F filing (holdings as of December 31, 2023, filed February 14, 2024). Its largest position is BHF at 19.7% of the reported book, followed by KD, THE ODP CORP. The top ten holdings are 76.8% of the book, and the portfolio behaves like about 12 equal-weight positions. Versus the prior filing it opened 7 new positions, added to 20, reduced 4 and exited 6. Note: this manager's most recent filing is 10 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Greenlight Capital own? Top holdings as of December 31, 2023
Change is measured in shares against the previous filing (Q3 2023), so price moves do not read as decisions. This quarter: 7 new, 20 added, 4 reduced, 6 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | BHF BRIGHTHOUSE FINL INC | Financial Services | 19.7% | $347.0m | 3,043,623 | -3% | reduced |
| 2 | KD KYNDRYL HLDGS INC | Technology | 11.9% | $209.1m | 6,356,069 | 14% | added |
| 3 | THE ODP CORP | 8.5% | $148.7m | 1,748,100 | 8% | added | |
| 4 | GREEN BRICK PARTNERS INC | 7.4% | $130.0m | 11,404,883 | -8% | reduced | |
| 5 | GLD SPDR GOLD TR | 7.1% | $125.1m | 386,944 | -10% | reduced | |
| 6 | ALIGHT INC | 7.0% | $122.6m | 9,241,670 | – | new | |
| 7 | THC TENET HEALTHCARE CORP | Healthcare | 4.5% | $79.8m | 1,315,970 | 44% | added |
| 8 | WEATHERFORD INTL PLC | 3.8% | $66.8m | 456,605 | 6% | added | |
| 9 | DHT DHT HOLDINGS INC | Energy | 3.5% | $61.3m | 3,779,880 | 87% | added |
| 10 | GPK GRAPHIC PACKAGING HLDG CO | Consumer Cyclical | 3.5% | $60.8m | 2,536,100 | 32% | added |
| 11 | FCNCA FIRST CTZNS BANCSHARES INC N | Financial Services | 2.8% | $48.6m | 24,820 | 6% | added |
| 12 | VTRS VIATRIS INC | Healthcare | 2.4% | $42.6m | 3,355,770 | – | new |
| 13 | TECK TECK RESOURCES LTD | Basic Materials | 2.0% | $34.7m | 1,552,063 | 6% | added |
| 14 | LIVN LIVANOVA PLC | Healthcare | 1.8% | $32.5m | 1,229,316 | 4% | added |
| 15 | HRI HERC HLDGS INC | Industrials | 1.6% | $29.0m | 135,610 | 6% | added |
| 16 | SPDR SER TR | 1.5% | $26.7m | 129,667 | – | new | |
| 17 | SEADRILL 2021 LTD | 1.5% | $26.1m | 543,935 | 51% | added | |
| 18 | NET POWER INC | 1.4% | $25.0m | 2,992,110 | 5% | added | |
| 19 | FHN FIRST HORIZON CORPORATION | Financial Services | 1.1% | $20.2m | 1,377,090 | 6% | added |
| 20 | GPOR GULFPORT ENERGY CORP | Energy | 1.1% | $20.1m | 222,970 | 6% | added |
| 21 | AERCAP HOLDINGS NV | 1.1% | $18.6m | 250,000 | – | new | |
| 22 | COYA COYA THERAPEUTICS INC | 0.8% | $13.2m | 1,274,026 | 172% | added | |
| 23 | NEW YORK CMNTY BANCORP INC | 0.6% | $10.8m | 1,828,730 | 6% | added | |
| 24 | GPRO GOPRO INC | Technology | 0.6% | $10.7m | 2,823,100 | 6% | added |
| 25 | KVUE KENVUE INC | Consumer Defensive | 0.6% | $10.0m | 554,490 | – | new |
| 26 | INVESCO EXCHANGE TRADED FD T | 0.5% | $8.6m | 185,521 | – | new | |
| 27 | CONSOL ENERGY INC NEW | 0.4% | $7.0m | 2,105,577 | -12% | reduced | |
| 28 | LKFT GALAPAGOS NV | Healthcare | 0.4% | $6.9m | 162,578 | 4% | added |
| 29 | SHC SOTERA HEALTH CO | Healthcare | 0.3% | $5.7m | 336,970 | 0% | held |
| 30 | GANX GAIN THERAPEUTICS INC | 0.1% | $2.5m | 588,410 | 0% | held | |
| 31 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.1% | $2.3m | 268,470 | – | new |
| 32 | DANIMER SCIENTIFIC INC | 0.1% | $2.1m | 2,734,580 | 5% | added | |
| 33 | FIRST TR EXCHANGE-TRADED FD | 0.1% | $1.7m | 58,540 | 0% | held | |
| 34 | VANECK ETF TRUST | 0.1% | $1.0m | 9,270 | 33% | added | |
| 35 | INVESCO ACTVELY MNGD ETC FD | 0.0% | $601.3k | 96,990 | 0% | held | |
| 36 | TALIS BIOMEDICAL CORP | 0.0% | $434.4k | 149,052 | 0% | held | |
| 37 | NEUBASE THERAPEUTICS INC | 0.0% | $141.2k | 136,350 | 0% | held | |
| 38 | NUVB NUVATION BIO INC | Healthcare | 0.0% | $52.8k | 34,995 | 0% | held |
| 39 | NUVATION BIO INC | 0.0% | $6.0k | 100,000 | 0% | held | |
| 40 | KATAPULT HOLDINGS INC | 0.0% | $2.3k | 262,227 | 0% | held |
What did Greenlight Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| SOUTHWESTERN ENERGY CO | 50.2% | $71.6m |
| ACTIVISION BLIZZARD INC | 24.2% | $34.5m |
| SLV ISHARES SILVER TR | 19.7% | $28.1m |
| REZI RESIDEO TECHNOLOGIES INC | 4.9% | $6.9m |
| AAP ADVANCE AUTO PARTS INC | 1.0% | $1.4m |
| FINSERV ACQUISITION CORP II | 0.0% | $3.2k |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 23.6% |
| Technology | 12.5% |
| Healthcare | 9.7% |
| Energy | 4.6% |
| Consumer Cyclical | 3.5% |
| Basic Materials | 2.0% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q4 2023 | 116 | $1.8bn |
| Q3 2023 | 116 | $2.2bn |
| Q2 2023 | 122 | $3.4bn |
| Q1 2023 | 114 | $1.6bn |
| Q4 2022 | 123 | $1.6bn |
| Q3 2022 | 124 | $1.2bn |
| Q2 2022 | 140 | $1.2bn |
| Q1 2022 | 154 | $1.3bn |
| Q4 2021 | 166 | $1.3bn |
| Q3 2021 | 173 | $1.3bn |
| Q2 2021 | 207 | $1.4bn |
| Q1 2021 | 183 | $989.1m |
| Q4 2020 | 104 | $1.1bn |
| Q3 2020 | 105 | $574.3m |
| Q2 2020 | 68 | $783.1m |
| Q1 2020 | 69 | $457.1m |
Earliest filing: Q1 1999 · 100 quarters on file
How concentrated is Greenlight Capital's portfolio?
Across every quarter Greenlight Capital has filed, its median largest position is 19.6% of the book and its median top-ten weight is 78.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 642 completed holding spells, the median lasted 3.0 quarters; 40 positions are still open and their final length is unknown.