In this article, we take a look at the 5 best stocks to buy according to David Einhorn’s Greenlight Capital. If you want to check out our detailed analysis of Greenlight Capital’s 13F portfolio, go directly to 10 Best Stocks to Buy According to David Einhorn’s Greenlight Capital.
5. The Chemours Company (NYSE:CC)
Greenlight Capital’s Stake Value: $81 million
Percentage of Greenlight Capital’s 13F Portfolio: 5.09%
Number of Hedge Fund Holders: 24
The Chemours Company (NYSE: CC) is a chemical company headquartered in Delaware. It was founded in 2015. The company manufactures and markets industrial chemical products that are used in mining, automotive, construction and electronics to name a few. Greenlight Capital owns over 2.3 million shares in the company after an increase of 5% in stake in the second quarter of 2021.
4. Teck Resources Limited (NYSE:TECK)
Greenlight Capital’s Stake Value: $93 million
Percentage of Greenlight Capital’s 13F Portfolio: 5.84%
Number of Hedge Fund Holders: 40
Teck Resources Limited (NYSE: TECK) is a mining company based in British Columbia, Canada. It is involved in mineral extraction and mining to serve primarily the steel industry. Greenlight Capital has over 4 million shares in the company after a 75% increase in stake in the second quarter of 2021.
3. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)
Greenlight Capital’s Stake Value: $103 million
Percentage of Greenlight Capital’s 13F Portfolio: 6.47%
Number of Hedge Fund Holders: 26
Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is a global airfreight company founded in 1992 and headquartered in New York. Greenlight Capital is the leading stakeholder in the company with over 1 million shares representing 6.47% of their total portfolio.
On September 14, Atlas Air announced that the company has entered into contract extensions with DHL Express to keep operating 20 freighter aircraft in support of their rising express and e-commerce markets.
2. Brighthouse Financial, Inc. (NASDAQ:BHF)
Greenlight Capital’s Stake Value: $165 million
Percentage of Greenlight Capital’s 13F Portfolio: 10.4%
Number of Hedge Fund Holders: 26
Brighthouse Financial, Inc. (NASDAQ: BHF) is one of the leading life insurance companies in the United States. Greenlight Capital is the leading stakeholder in the company with over 3.6 million shares making up 10.4% of their portfolio.
Piper Sandler analyst John Barnidge lowered his price target on Brighthouse Financial, Inc. (NASDAQ: BHF) to $46 from $53 and kept a ‘Neutral’ rating on the shares.
1. Green Brick Partners, Inc. (NASDAQ:GRBK)
Greenlight Capital’s Stake Value: $396 million
Percentage of Greenlight Capital’s 13F Portfolio: 24.86%
Number of Hedge Fund Holders: 14
Green Brick Partners, Inc. (NASDAQ: GRBK) is a land development company based in Texas. Greenlight Capital is the leading stakeholder in the company with over 17 million shares representing 24.86% of the hedge fund’s total portfolio.
JPMorgan analyst Michael Rehaut brought Green Brick Partners, Inc. (NASDAQ: GRBK) down to ‘Neutral’ from ‘Overweight’ with a price target of $28, lowering it from $32.
You can also take a peek at the 5 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital and Billionaire Ken Fisher’s Top 10 Dividend Stock Picks.
