5 Stocks to Buy Now According to David Einhorn’s Greenlight Capital

3. Kyndryl Holdings Inc. (NYSE:KD)

Greenlight Capital’s Stake Value: $31,756,000 

Percentage of Greenlight Capital’s 13F Portfolio: 2.01%

Number of Hedge Fund Holders: 25

Kyndryl Holdings Inc. (NYSE:KD) operates as a technology services company and provides IT infrastructure services worldwide. The company offers cloud services, application, data, & artificial intelligence services, security & resiliency services, and network & edge services.

Kyndryl Holdings Inc. (NYSE:KD) is making strides and collaborating with industry-leading names like Oracle Corporation (NASDAQ:ORCL) and Cisco Systems, Inc. (NASDAQ:CSCO). On June 2, Kyndryl Holdings Inc. (NYSE:KD) announced a technology partnership with Cisco Systems, Inc. (NASDAQ:CSCO) to develop enterprise cloud services and network & edge computing solutions for enterprise customers as they undergo a digital transformation. On June 23, Kyndryl Holdings Inc. (NYSE:KD) announced that it will be helping Oracle Corporation (NASDAQ:ORCL) by becoming a primary delivery partner for its Oracle Cloud Infrastructure.

Greenlight Capital raised its stakes in Kyndryl Holdings Inc. (NYSE:KD) by 163% in Q1 2022, bringing them to $31.75 million. The investment covers 2.01% of David Einhorn’s 13F portfolio.

At the end of Q1 2022, 25 hedge funds were bullish on Kyndryl Holdings Inc. (NYSE:KD) and held stakes worth $119.30 million in the company. This is compared to 27 positions in the prior quarter with stakes of $186.90 million.