David Einhorn Stock Portfolio: Top 5 Stock Picks

4. Brighthouse Financial, Inc. (NASDAQ:BHF)

Greenlight Capital’s Stake: $181 Million

Brighthouse Financial, Inc. (NASDAQ:BHF) has been a staple in the 13F portfolio of Greenlight Capital since the third quarter of 2017. Back then, this position comprised 6.8 million shares. The fund added to this in each of the next three quarters to grow this holding to more than 11.5 million shares. Thereafter, it trimmed this position, reducing it by over 70% in the fourth quarter of 2018. This position has stayed relatively constant, with minor adjustments, since then. Filings for the fourth quarter of 2025 show that the fund owned nearly 2.8 million shares in the company, with no change in the position compared to filings for the third quarter of 2025.

Brighthouse Financial, Inc. (NASDAQ:BHF) has been grabbing headlines since it agreed to be acquired by Aquarian Capital. The latter agreed to purchase BHF for $70 per share in cash. Hedge funds are buying to capture the 12.4% spread, the difference between the current stock price and the buyout price. In late February 2026, Brighthouse shareholders officially approved the deal. This removed a major hurdle, leaving only regulatory approvals as the final step. Hedge funds are betting on the deal closing in the second half of 2026. Brighthouse Financial provides annuity and life insurance products in the United States.