David Einhorn Long Kyndryl Holdings: Greenlight Capital Q1 2023 Letter
Dear Partner: Greenlight Capital’s PerformanceThe Greenlight Capital funds (the “Partnerships”) returned (1.3%)1 in the first quarter of 2023, net of fees and expenses, compared to a 7.5% return for the S&P 500 index. Many have commented that in the beginning of 2023, whatever worked in 2022 didn’t work and vice versa. That seems about right to us. During the quarter, our longs gained 9.9%, while our shorts lost 10.8% and macro lost 0.4%, net of fees and expenses. Read more hedge fund letters Green Brick PartnersStarting with the good, Green Brick Partners (NYSE:GRBK), which was our largest lo...