Greenlight Capital’s Biggest Winner in Q1: Brighthouse Financial (BHF)

Greenlight Capital, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Partnerships have returned 8.2% in the first quarter net of fees and expenses, compared to -4.3% for the S&P 500 index. The fund returned 1.3% in the long portfolio on a gross basis, made 5.8% in the short portfolio, and made 5.3% in macro. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, Greenlight Capital highlighted stocks such as Brighthouse Financial, Inc. (NASDAQ:BHF). Brighthouse Financial, Inc. (NASDAQ:BHF) offers annuity and life insurance products in the United States. The one-month return of Brighthouse Financial, Inc. (NASDAQ:BHF) was -8.67%, and its shares gained 9.85% of their value over the last 52 weeks. On April 24, 2025, Brighthouse Financial, Inc. (NASDAQ:BHF) stock closed at $53.86 per share with a market capitalization of $3.13 billion.

Greenlight Capital stated the following regarding Brighthouse Financial, Inc. (NASDAQ:BHF) in its Q1 2025 investor letter:

“The biggest long winner was Brighthouse Financial, Inc. (NASDAQ:BHF), which rose 20.7% during the quarter. According to media reports, the company has hired Goldman Sachs and Wells Fargo to sell itself. There appears to be a lot of interest from large asset managers that would like the opportunity to manage BHF’s approximately $120 billion general account. While there is a risk the current market turbulence could derail a deal, absent that we expect the company will be successful in selling itself at a healthy premium.”

Brighthouse Financial, Inc. (NASDAQ:BHF) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Brighthouse Financial, Inc. (NASDAQ:BHF) at the end of the fourth quarter, compared to 32 in the third quarter. While we acknowledge the potential of Brighthouse Financial, Inc. (NASDAQ:BHF) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered Brighthouse Financial, Inc. (NASDAQ:BHF) and shared the list of best stocks to buy according to bllionaire David Einhorn. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.