David Einhorn Stock Portfolio: Top 5 Stock Picks

In this article, we will list billionaire David Einhorn’s top 5 stock picks. Please visit David Einhorn Stock Portfolio: Top 10 Stock Picks if you would like to see the extended list and the methodology behind it.

5. Graphic Packaging Holding Company (NYSE:GPK)

Greenlight Capital’s Stake: $127 Million    

Graphic Packaging Holding Company (NYSE:GPK) has been a consistent feature in the 13F portfolio of Greenlight Capital since the second quarter of 2021. This position comprised 847,000 shares. The holding stayed relatively untouched till late 2022 when the fund added to this stake by nearly 30%. By late 2023, the holding comprised over 2.5 million shares. In the coming months, the fund reduced this stake to just over a million shares. It started loading up on the stock again in the second quarter of 2025, growing the position by 350%. Filings for the fourth quarter of 2025 show that the fund owned 8.4 million shares in the firm, up close to 80% compared to filings for the previous quarter.

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A core part of the bull thesis on Graphic Packaging Holding Company (NYSE:GPK) is the completion of the Waco, Texas greenfield mill, a $1.67 billion investment. The Waco facility is now substantially complete. Hedge funds expect this to drive significant productivity enhancements, transitioning the company from a high-capex cycle to a high-free-cash-flow cycle. Management has guided for $700 million–$800 million in adjusted free cash flow for 2026. As global brands face increasing pressure to ditch plastic, GPK’s fiber-based, renewable packaging is viewed as a secular winner. Over 70% of GPK’s revenue comes from essential food and beverage packaging, which provides a defensive buffer during economic volatility.