Spectrum Brands Holdings Inc. (SPB): David Einhorn Opens New Position in Consumer Products

We just covered 15 Under-the-Radar Picks from David Einhorn That Are Quietly Dominating 2026 and Spectrum Brands Holdings, Inc. (NYSE:SPB) ranks 9th on this list.

Spectrum Brands Holdings, Inc. (NYSE:SPB) is a new addition to the 13F portfolio of Greenlight Capital. Filings for the fourth quarter of 2025 show that the fund owned 663,000 shares in the company. The firm operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific regions. It provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Juiceman, and Breadman brands. The company sells these products through retailers, e-commerce and online retailers, wholesalers, and distributors.

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Spectrum Brands Holdings, Inc. (NYSE:SPB) is being rewarded by elite investors for a massive earnings beat, successful supply-chain restructuring, and aggressive share buybacks, even as the consumer staples sector faces broad headwinds. Earlier this year, the firm reported an adjusted EPS of $1.40, beating the $0.76 estimate by 85%. Along with the Q1 2026 results, the board approved a new $300 million share repurchase program. The company repurchased 0.6 million shares in Q1 alone, roughly $36 million, following a year where it returned over $375 million to shareholders. It also maintained a quarterly dividend of $0.47 per share, providing a reliable yield of approximately 2.2%.

While we acknowledge the risk and potential of SPB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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