Billionaire David Einhorn’s 5 Stock Picks with Huge Upside Potential

In this article, we will take a look at billionaire David Einhorn’s 5 stock picks with huge upside potential. To read our analysis of David Einhorn’s investment strategy and Greenlight Capital’s previous performance, you can go to the Billionaire David Einhorn’s 10 Stock Picks with Huge Upside Potential.

5. The ODP Corporation (NYSE:ODP)

Greenlight Capital’s Stake Value: $74,502,252

Upside Potential as of December 1: 47.86%

Boca Raton, Florida-based The ODP Corporation (NYSE:ODP) is a leading provider of products and services through an integrated B2B distribution platform and omnichannel presence. Its network includes supply chain and distribution operations, sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores.

On November 8, The ODP Corporation (NYSE:ODP) released its financial results for Q3 2023. Its revenue declined by 8% y-o-y to $2.0 billion while it generated a net income of $70 million.

The ODP Corporation (NYSE:ODP) has repurchased nearly 9 million shares for nearly $420 million since November 2022 under its previously announced $1.0 billion share repurchase program. The repurchase program is available through the end of 2025.

According to Insider Monkey data on 910 hedge funds, 34 hedge funds held shares of The ODP Corporation (NYSE:ODP), valued at $397 million, as of Q3 2023. Greenlight Capital held 1.6 million shares of the company, 7% more than the previous quarter and valued at $74.5 million. It accounted for 4.23% of the firm’s 13F portfolio, the highest on our list.