Greenlight Capital (DME Capital Management)

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), David Einhorn's Greenlight Capital (DME Capital Management) reported 35 stock positions worth $2.5 billion. Its top holding was Green Brick Partners (GRBK) at 27.5% of the portfolio, followed by Fluor (FLR, 9.1%) and Core Natural Resources (CNR, 7.1%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 9 and reduced 8. The biggest buy was a new position in P G & E (PCG) and the biggest sale an exit from Teck Resources Ltd.-CLS B (TECK).

Most Recent 13F
Q2 2026
Notable People
David Einhorn
Location
New York, NY
CIK
0001489933
Portfolio Value
$2.5B (Q3 2025)
SEC Filing
0001172661-25-005032 ↗ filed Nov 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.2B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $1.9B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $2.3B Q2 2025 Q3 2025: $2.5B $2.5B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $3.9B Q2 2026

Holdings 35 stocks · $2.5B
GRBK Green Brick Partners Inc. 27.51% 9,467,383 $699.3M No change
FLR Fluor Corp. 9.13% 5,513,680 $232.0M Add +44.4%
CNR Core Natural Resources Inc. 7.08% 2,155,640 $180.0M No change
BHF Brighthouse Financial Inc. 5.83% 2,792,100 $148.2M Add +1.2%
KD Kyndryl Holdings Inc. 5.13% 4,343,627 $130.4M Add +31.2%
PENN Penn Entertainment Inc. 5.13% 6,769,440 $130.4M Reduce -9.7%
PCG P G & E Corp. 3.79% 6,380,853 $96.2M New
GPK Graphic Packaging Holding Co. 3.62% 4,705,950 $92.1M No change
DHT DHT Holdings Inc. 3.58% 7,620,934 $91.1M No change
TEVA Teva Pharmaceutical-SP ADR 3.00% 3,778,777 $76.3M No change
WFRD Weatherford International PL 2.59% 960,810 $65.7M No change
CNH CNH Industrial NV 2.52% 5,904,460 $64.1M Reduce -25.0%
GLD SPDR Gold Shares 2.45% 175,101 $62.2M Add +3.4%
LBTYA Liberty Global Ltd. Class A 2.35% 5,220,502 $59.8M No change
CNC Centene Corp. 2.19% 1,560,540 $55.7M Add +86.0%
CPRI Capri Holdings Ltd. 2.11% 2,687,597 $53.5M Reduce -22.8%
VSXY Victoria's Secret & Co. 2.06% 1,932,462 $52.4M Add +117.7%
SDRL Seadrill Limited 1.89% 1,588,828 $48.0M No change
ACHC Acadia Healthcare Co. Inc. 1.60% 1,642,710 $40.7M Add +89.9%
ROIV Roivant Sciences Ltd. 1.35% 2,275,529 $34.4M Reduce -50.0%
CI The Cigna Group 1.06% 93,750 $27.0M No change
PRKS United Parks & Resorts Inc. 0.96% 471,050 $24.4M New
LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 0.66% 482,746 $16.7M No change
NXST Nexstar Media Group Inc. 0.58% 73,940 $14.6M New
COYA Coya Therapeutics Inc. 0.37% 1,646,440 $9.4M No change
HPQ HP Inc. 0.32% 300,000 $8.2M Reduce -90.1%
SNX TD Synnex Corp. 0.25% 39,030 $6.4M Add +17.3%
GDX Vaneck Gold Miners ETF 0.23% 76,460 $5.8M No change
KWEB Kranesh Csi China Internet 0.14% 86,370 $3.6M New
GPRO Gopro Inc. Class A 0.14% 1,693,860 $3.6M Reduce -40.0%
OIH Vaneck Oil Services ETF 0.13% 12,360 $3.2M Reduce -22.5%
SHC Sotera Health Co. 0.11% 180,580 $2.8M Reduce -22.7%
PTON Peloton Interactive Inc. Class A 0.09% 246,460 $2.2M Add +37.3%
GANX Gain Therapeutics Inc. 0.04% 566,130 $1.0M No change
NUVB Nuvation Bio Inc. 0.01% 34,995 $129K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $22K (not counted above)
SecurityClassShares / PrincipalValueChange
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 100,000$20KNo change
KPLTW Katapult Holdings Inc. -CW26 *W EXP 06/09/202 262,227$2KNo change

Total filed on the 13F, all lines: $2.5B.

Portfolio Sells Q2 2025 → Q3 2025
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −3.47
HPQ HP Inc. Reduce -90.1% 0.32% −2.85
CNH CNH Industrial NV Reduce -25.0% 2.52% −1.87
ROIV Roivant Sciences Ltd. Reduce -50.0% 1.35% −0.85
PENN Penn Entertainment Inc. Reduce -9.7% 5.13% −0.63
CPRI Capri Holdings Ltd. Reduce -22.8% 2.11% −0.54
OIH Vaneck Oil Services ETF Reduce -22.5% 0.13% −0.03
SHC Sotera Health Co. Reduce -22.7% 0.11% 0.00
GPRO Gopro Inc. Class A Reduce -40.0% 0.14% +0.05

Portfolio Buys Q2 2025 → Q3 2025
PCG P G & E Corp. New 3.79% +3.79
VSXY Victoria's Secret & Co. Add +117.7% 2.06% +1.36
PRKS United Parks & Resorts Inc. New 0.96% +0.96
ACHC Acadia Healthcare Co. Inc. Add +89.9% 1.60% +0.76
FLR Fluor Corp. Add +44.4% 9.13% +0.71
NXST Nexstar Media Group Inc. New 0.58% +0.58
CNC Centene Corp. Add +86.0% 2.19% +0.23
GLD SPDR Gold Shares Add +3.4% 2.45% +0.23
KWEB Kranesh Csi China Internet New 0.14% +0.14
SNX TD Synnex Corp. Add +17.3% 0.25% +0.06
PTON Peloton Interactive Inc. Class A Add +37.3% 0.09% +0.03
BHF Brighthouse Financial Inc. Add +1.2% 5.83% −0.55
KD Kyndryl Holdings Inc. Add +31.2% 5.13% −0.84

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 46$3.9BGRBK, FLR, CNR, BHF, ACHC
Q1 2026 44$3.2BGRBK, FLR, CNR, BHF, PCG
Q4 2025 39$2.8BGRBK, FLR, CNR, BHF, GPK
Q3 2025 35$2.5BGRBK, FLR, CNR, BHF, KD
Q2 2025 32$2.3BGRBK, FLR, CNR, BHF, KD
Q1 2025 31$2.0BGRBK, CNR, BHF, KD, PENN
Q4 2024 34$1.9BGRBK, CONSOL ENERGY INC, BHF, KD, CNH
Q3 2024 36$2.4BGRBK, CONSOL ENERGY INC, BHF, HPQ, KD
Q2 2024 37$2.0BGRBK, CONSOL ENERGY INC, BHF, HPQ, KD
Q1 2024 40$2.2BGRBK, BHF, KD, CONSOL ENERGY INC, ALIT