In this piece, we will take a look at the top five stock picks of David Einhorn’s 2023 portfolio. For more stock picks, head on over to David Einhorn’s 2023 Portfolio: Top 15 Stock Picks.
5. Teck Resources Limited (NYSE:TECK)
Greenlight Capital’s Q1 2023 Stake: $90 million
Teck Resources Limited (NYSE:TECK) is a Canadian industrial company that is headquartered in Vancouver, British Columbia. The firm extracts and produces a variety of products such as zinc, copper, coal, and bitumen.
Insider Monkey took a look at 943 hedge funds for their fourth quarter of 2022 investments and found out that 62 had invested in the firm. Teck Resources Limited (NYSE:TECK)’s largest shareholder in our database is Eric W. Mandelblatt’s Soroban Capital Partners since it owns 11 million shares that are worth $405 million.
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4. Kyndryl Holdings, Inc. (NYSE:KD)
Greenlight Capital’s Q1 2023 Stake: $125 million
Kyndryl Holdings, Inc. (NYSE:KD) is a technology company based in New York, New York. The firm provides enterprise computing products such as cloud computing, artificial intelligence, and workplace security.
By the end of last year’s December quarter, 28 of the 943 hedge funds surveyed by Insider Monkey had held a stake in Kyndryl Holdings, Inc. (NYSE:KD). The firm’s second largest shareholder by the end of Q1 2023 was D.E. Shaw’s D E Shaw since it owns two million shares that are worth $29 million.
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3. Brighthouse Financial, Inc. (NASDAQ:BHF)
Greenlight Capital’s Q1 2023 Stake: $137 million
Brighthouse Financial, Inc. (NASDAQ:BHF) is an insurance company based in Charlotte, North Carolina. It is one of the oldest companies on our list since it was set up in 1863. The firm provides different products such as annuities, life insurance, wealth products, and pension products.
As of Q4 2022, 26 of the 943 hedge funds surveyed by Insider Monkey had held a stake in the company. After Greenlight Capital, Brighthouse Financial, Inc. (NASDAQ:BHF)’s largest shareholder is Ric Dillon’s Diamond Hill Capital since it owns 581,459 shares that are worth $25 million.
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2. CONSOL Energy Inc. (NYSE:CEIX)
Greenlight Capital’s Q1 2023 Stake: $158 million
CONSOL Energy Inc. (NYSE:CEIX) is a coal company headquartered in Canonsburg, Pennsylvania. Like Brighthouse, it was also set up in the nineteenth century.
Insider Monkey looked through 943 hedge fund portfolios for their fourth quarter of 2022 shareholdings and found out that 32 had bought CONSOL Energy Inc. (NYSE:CEIX)’s shares. Todd J. Kantor’s Encompass Capital Advisors is the second largest investor with a $16 million stake.
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1. Green Brick Partners, Inc. (NYSE:GRBK)
Greenlight Capital’s Q1 2023 Stake: $582 million
Green Brick Partners, Inc. (NYSE:GRBK) is a construction company that makes and sells a variety of different kinds of homes.
17 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the firm as of December 2022. Green Brick Partners, Inc. (NYSE:GRBK)’s largest investor after Mr. Einhorn’s hedge fund is Gavin Saitowitz and Cisco J. Del Valle’s Springbok Capital with a $29 million investment.
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Disclosure: None. You can also take a look at 17 Best Gambling Stocks to Buy Now and 12 Best Information Technology Services Stocks to Buy.
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