Is Liberty Global (LBTYA) Trading at a Discount?
Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here.
Greenlight Capital, founded in May 1996, is an investment management firm specializing in value-oriented strategies. The firm primarily focuses on long and short positions in publicly listed equity securities and selectively engages in distressed debt investments during favorable economic cycles.
David Einhorn, a highly regarded hedge fund manager, co-founded Greenlight Capital in 1996. Under his leadership, the firm has grown to manage approximately $2 billion in assets under management (AUM). Einhorn gained widespread recognition for his prescient short position on Lehman Brothers, correctly forecasting its collapse during the financial crisis. He is a Milwaukee native and Cornell University graduate who honed his skills in the hedge fund industry under the mentorship of Gary Siegler and Peter Collery at the SC Fundamental Value Fund. Known for his prowess in long/short equity strategies, Einhorn has become one of the most successful hedge fund managers of the past decade.
Their latest 13F filing for Q1 2024 disclosed holdings totaling $2,184,702,238 in managed 13F securities, with a top 10 holdings concentration of 72.95%. Greenlight Capital Inc./DME Capital Management's largest position is in Green Brick Partners Inc., with 10,467,383 shares held.
