15 Under-the-Radar Picks from David Einhorn That Are Quietly Dominating 2026

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13. Deckers Outdoor Corporation (NYSE:DECK)

Greenlight Capital’s Stake: $31 Million 

Increase in Share Price Over Past Six Months: 22%

Deckers Outdoor Corporation (NYSE:DECK) is a brand new addition to the 13F portfolio of Greenlight Capital. Filings for the fourth quarter of 2025 show that the fund owned just under 300,000 shares in the company. The firm designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company is viewed as a brand momentum play that is successfully scaling niche products into mass-market powerhouses. While many retail stocks have struggled with inflationary pressures, institutional investors are rewarding Deckers for industry-leading margins and the explosive growth of the HOKA brand.

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Deckers Outdoor Corporation (NYSE:DECK) reported in early 2026 that HOKA expanded its retail footprint significantly in Europe and Asia, with analysts highlighting a 35%–40% year-over-year revenue increase for the brand. The firm has successfully shifted more of its sales to its own websites and stores. Hedge funds value this because DTC sales carry much higher margins than wholesale, shielding the company from the pricing pressures hitting other retailers. Unlike many competitors who have resorted to heavy discounting to move inventory, Deckers has maintained high levels of full-price selling for both HOKA and UGG. The firm holds one of the cleanest balance sheets in footwear, with over $1.5 billion in cash and zero debt.

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