David Einhorn’s Greenlight Capital Portfolio: Top 5 Stock Picks

3. Teck Resources Limited (NYSE:TECK)

Greenlight Capital’s Stake Value: $97,871,000

Percentage of Greenlight Capital’s 13F Portfolio: 5.59%

Number of Hedge Fund Holders: 40

Teck Resources Limited (NYSE:TECK) is a natural resources company based in Vancouver, Canada. The company provides steelmaking coal, copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates. 

Securities filings for Q4 2021 reveal that David Einhorn’s Greenlight Capital held 3.3 million shares of Teck Resources Limited (NYSE:TECK), worth $97.8 million, representing 5.59% of the hedge fund’s total holdings for the period. 

In 2021, Teck Resources Limited (NYSE:TECK)’s full-year revenue amounted to $10.6 billion, compared to $7 billion in 2020. The 2021 net income of $2.2 billion strongly rebounded from the net loss of $679 million in the prior year. The cash at hand also increased to $1.12 billion in 2021 from $353.7 million in 2020. 

On April 12, BMO Capital analyst Jackie Przybylowski maintained an Outperform rating on Teck Resources Limited (NYSE:TECK) but lowered the firm’s price target on the shares to C$57 from C$61. 

The fourth quarter database of Insider Monkey suggests that 40 hedge funds placed long calls on Teck Resources Limited (NYSE:TECK), holding stakes in the company worth $1.62 billion. Eric W. Mandelblatt’s Soroban Capital Partners held the biggest position in Teck Resources Limited (NYSE:TECK), with more than 11 million shares valued at $318.5 million.