Greenlight Capital (DME Capital Management)

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), David Einhorn's Greenlight Capital (DME Capital Management) reported 39 stock positions worth $2.8 billion. Its top holding was Green Brick Partners (GRBK) at 20.8% of the portfolio, followed by Fluor (FLR, 7.7%) and Core Natural Resources (CNR, 6.5%). Compared with Q3 2025, it opened 8 new positions, sold out of 4, added to 11 and reduced 12. The biggest buy was Capri (CPRI, shares +77%) and the biggest sale Penn Entertainment (PENN, shares −11%).

Most Recent 13F
Q2 2026
Notable People
David Einhorn
Location
New York, NY
CIK
0001489933
Portfolio Value
$2.8B (Q4 2025)
SEC Filing
0001172661-26-001122 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $2.8B $2.8B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $3.9B Q2 2026

Holdings 39 stocks · $2.8B
GRBK Green Brick Partners Inc. 20.82% 9,467,383 $593.2M No change
FLR Fluor Corp. 7.73% 5,555,900 $220.2M Add +0.8%
CNR Core Natural Resources Inc. 6.52% 2,100,480 $185.9M Reduce -2.6%
BHF Brighthouse Financial Inc. 6.35% 2,792,100 $180.9M No change
GPK Graphic Packaging Holding Co. 4.45% 8,415,110 $126.7M Add +78.8%
PCG P G & E Corp. 4.39% 7,784,103 $125.1M Add +22.0%
CPRI Capri Holdings Ltd. 4.08% 4,768,007 $116.3M Add +77.4%
CNC Centene Corp. 3.81% 2,639,420 $108.6M Add +69.1%
KD Kyndryl Holdings Inc. 3.56% 3,816,353 $101.4M Reduce -12.1%
TEVA Teva Pharmaceutical-SP ADR 3.35% 3,058,734 $95.5M Reduce -19.1%
VSXY Victoria's Secret & Co. 3.30% 1,737,869 $94.1M Reduce -10.1%
DHT DHT Holdings Inc. 3.16% 7,366,664 $89.9M Reduce -3.3%
PENN Penn Entertainment Inc. 3.13% 6,044,440 $89.2M Reduce -10.7%
GLD SPDR Gold Shares 2.37% 170,561 $67.6M Reduce -2.6%
ACHC Acadia Healthcare Co. Inc. 2.05% 4,121,203 $58.5M Add +150.9%
WFRD Weatherford International PL 2.04% 743,620 $58.2M Reduce -22.6%
LBTYA Liberty Global Ltd. Class A 1.96% 5,004,432 $55.7M Reduce -4.1%
CNH CNH Industrial NV 1.87% 5,767,540 $53.2M Reduce -2.3%
ROIV Roivant Sciences Ltd. 1.58% 2,069,309 $44.9M Reduce -9.1%
WBD Warner Bros Discovery Inc. 1.55% 1,533,080 $44.2M New
SPB Spectrum Brands Holdings Inc. 1.38% 663,890 $39.2M New
HSIC Henry Schein Inc. 1.24% 469,250 $35.5M New
GPN Global Payments Inc. 1.23% 452,730 $35.0M New
BKV BKV Corporation 1.23% 1,287,943 $35.0M New
AR Antero Resources Corp. 1.23% 1,014,070 $34.9M New
DECK Deckers Outdoor Corp. 1.09% 298,778 $31.0M New
CI The Cigna Group 0.91% 93,750 $25.8M No change
SLDE Slide Insurance Holdings Inc. 0.79% 1,149,880 $22.4M New
PRKS United Parks & Resorts Inc. 0.73% 574,620 $20.9M Add +22.0%
LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 0.55% 482,746 $15.8M No change
COYA Coya Therapeutics Inc. 0.41% 2,025,940 $11.8M Add +23.1%
SNX TD Synnex Corp. 0.30% 56,490 $8.5M Add +44.7%
SHC Sotera Health Co. 0.29% 461,270 $8.1M Add +155.4%
GDX Vaneck Gold Miners ETF 0.20% 64,960 $5.6M Reduce -15.0%
KWEB Kranesh Csi China Internet 0.16% 131,510 $4.5M Add +52.3%
GPRO Gopro Inc. Class A 0.08% 1,693,860 $2.4M No change
GANX Gain Therapeutics Inc. 0.06% 566,130 $1.8M No change
PTON Peloton Interactive Inc. Class A 0.05% 246,460 $1.5M No change
NUVB Nuvation Bio Inc. 0.01% 34,995 $314K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $34K (not counted above)
SecurityClassShares / PrincipalValueChange
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 100,000$33KNo change
KPLTW Katapult Holdings Inc. -CW26 *W EXP 06/09/202 262,227$944No change

Total filed on the 13F, all lines: $2.8B.

Portfolio Sells Q3 2025 → Q4 2025
PENN Penn Entertainment Inc. Reduce -10.7% 3.13% −2.00
SDRL Seadrill Limited Sold out 0.00% −1.89
KD Kyndryl Holdings Inc. Reduce -12.1% 3.56% −1.57
CNH CNH Industrial NV Reduce -2.3% 1.87% −0.65
NXST Nexstar Media Group Inc. Sold out 0.00% −0.58
CNR Core Natural Resources Inc. Reduce -2.6% 6.52% −0.56
WFRD Weatherford International PL Reduce -22.6% 2.04% −0.54
DHT DHT Holdings Inc. Reduce -3.3% 3.16% −0.43
LBTYA Liberty Global Ltd. Class A Reduce -4.1% 1.96% −0.40
HPQ HP Inc. Sold out 0.00% −0.32
OIH Vaneck Oil Services ETF Sold out 0.00% −0.13
GLD SPDR Gold Shares Reduce -2.6% 2.37% −0.08
GDX Vaneck Gold Miners ETF Reduce -15.0% 0.20% −0.03
ROIV Roivant Sciences Ltd. Reduce -9.1% 1.58% +0.22
TEVA Teva Pharmaceutical-SP ADR Reduce -19.1% 3.35% +0.35
VSXY Victoria's Secret & Co. Reduce -10.1% 3.30% +1.24

Portfolio Buys Q3 2025 → Q4 2025
CPRI Capri Holdings Ltd. Add +77.4% 4.08% +1.98
CNC Centene Corp. Add +69.1% 3.81% +1.62
WBD Warner Bros Discovery Inc. New 1.55% +1.55
SPB Spectrum Brands Holdings Inc. New 1.38% +1.38
HSIC Henry Schein Inc. New 1.24% +1.24
GPN Global Payments Inc. New 1.23% +1.23
BKV BKV Corporation New 1.23% +1.23
AR Antero Resources Corp. New 1.23% +1.23
DECK Deckers Outdoor Corp. New 1.09% +1.09
GPK Graphic Packaging Holding Co. Add +78.8% 4.45% +0.82
SLDE Slide Insurance Holdings Inc. New 0.79% +0.79
PCG P G & E Corp. Add +22.0% 4.39% +0.60
ACHC Acadia Healthcare Co. Inc. Add +150.9% 2.05% +0.45
SHC Sotera Health Co. Add +155.4% 0.29% +0.17
SNX TD Synnex Corp. Add +44.7% 0.30% +0.05
COYA Coya Therapeutics Inc. Add +23.1% 0.41% +0.04
KWEB Kranesh Csi China Internet Add +52.3% 0.16% +0.01
PRKS United Parks & Resorts Inc. Add +22.0% 0.73% −0.23
FLR Fluor Corp. Add +0.8% 7.73% −1.40

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