Greenlight Capital, an investment management firm, recently released its Q3 2026 investor letter. The funds returned -3.3% in the third quarter of 2026, compared with a 2.3% gain for the S&P 500, bringing their year-to-date return to -1.5% against the index’s 12.7% advance. The disappointing performance reflected weakness across the fund’s long portfolio, which declined 8.5%, while its short portfolio gained 7.1%. Several holdings fell between 10% and 25% without identifiable...
