Greenlight Capital’s Q1 2024 Investor Letter

Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter.  In the first quarter, the Greenlight Capital funds returned 4.9% net of fees and expenses, compared to 10.6% for the S&P 500 index. The year’s first quarter saw a bullish market, with investors focusing on AI, cryptocurrency, and meme stocks. Despite the market’s strong performance, the long and short portfolios didn’t fare as well. The long portfolio only saw a modest increase of 2.2%, net of fees and expenses, while the single-name short portfolio broke even.  In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Greenlight Capital’s Q1 2024 investor letter can be downloaded here.