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.
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.
3. Core Natural Resources, Inc. (NYSE:CNR)
Greenlight Capital’s Stake: $186 Million
Core Natural Resources, Inc. (NYSE:CNR) is a relatively recent addition to the 13F portfolio of Greenlight Capital. The fund first disclosed a stake in the company in the first quarter of 2025. This position comprised 2.2 million shares. The fund did not make any major changes to this holding for the next two quarters. Filings for the fourth quarter of 2025 show that the fund owned 2.1 million shares in the firm, down just a little over 2.5% compared to filings for the third quarter of 2025. The firm produces, sells, and exports metallurgical and thermal coals in the United States and internationally. It operates through the High CV Thermal, Metallurgical, Powder River Basin, and Core Marine Terminal segments.
Hedge funds view Core Natural Resources, Inc. (NYSE:CNR) as the premier North American producer of metallurgical and high-rank thermal coal. The firm was formed in January 2025 through the merger of equals between Arch Resources and CONSOL Energy. In the February 2026 earnings call, CEO Jimmy Brock highlighted a value-driving step-change in operational execution. Institutions are focused on the $600 million upsized credit facility and the 75 bps interest rate reduction achieved through the merger’s refinancing efforts. The resumption of longwall mining at Leer South in early 2026 is also a major catalyst. Funds view the resolution of previous combustion-related activity at the mine as the end of an operational overhang.
2. Fluor Corporation (NYSE:FLR)
Greenlight Capital’s Stake: $220 Million
Fluor Corporation (NYSE:FLR) first appeared in the 13F portfolio of Greenlight Capital in the second quarter of 2025. This position comprised 3.8 million shares. The fund added to this holding by more than 55% in the third quarter of 2025, growing it to 5.5 million shares. Filings for the fourth quarter of 2025 show that the fund owned 5.56 million shares in the firm, up a little under 1% compared to filings for the previous quarter. The firm provides engineering, procurement, construction, fabrication and modularization, and project management services.
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The single most important factor for institutional investor interest in Fluor Corporation (NYSE:FLR) is the shift away from high-risk, fixed-price contracts. As of early 2026, 82% of Fluor’s $25.5 billion backlog is now under reimbursable terms. This protects the company from the cost overruns and inflation that historically crushed its margins. By passing cost increases directly to clients, Fluor’s earnings have become significantly more predictable, moving the stock from a speculative play to a core industrial holding. Hedge funds are bullish on Fluor’s shareholder-first capital allocation strategy in 2026. After repurchasing $754 million in shares during 2025, Fluor has announced plans to repurchase an additional $1.4 billion in 2026. A primary source of this cash is the monetization of its stake in NuScale Power. Fluor received $1.35 billion in Q1 2026 from NuScale share sales and expects to fully exit the investment by the end of Q2 2026.
1. Green Brick Partners, Inc. (NYSE:GRBK)
Greenlight Capital’s Stake: $593 Million
Green Brick Partners, Inc. (NYSE:GRBK) has been a long-term holding for Greenlight Capital. The firm first appeared in the 13F portfolio of the fund in the fourth quarter of 2014. This position comprised 15.6 million shares. By the second quarter of 2015, the fund had increased this holding to more than 24 million shares. A period of stability followed during which the fund did not make major changes to this stake. In the first quarter of 2021, however, the fund trimmed this holding by nearly 30%. By the third quarter of 2024, this position had been further reduced to just under 10 million shares. Filings for the fourth quarter of 2025 show that the fund owned 9.5 million shares in the firm.
Hedge fund interest in Green Brick Partners, Inc. (NYSE:GRBK) is driven by the reputation of the firm as a best-in-class homebuilder with a dominant position in high-growth markets. The firm has concentrated exposure to the Dallas-Fort Worth area, which remains one of the most resilient housing markets in the US. Unlike builders that buy finished lots from developers, Green Brick self-develops the majority of its land. This allows the company to capture developer margins on top of builder margins, a structural advantage over peers. The company’s history of aggressive share repurchases—reducing outstanding shares by nearly 15% since 2021—is a capital allocation win that keeps institutional sentiment high.
While we acknowledge the potential of GRBK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRBK and that has 100x upside potential, check out our report about the cheapest AI stock.
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