Greenlight Capital Full Q2 2021 Letter: Einhorn Thinks Inflation Is Here To Stay

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Rupert Hargreaves
Published on
Updated on
Einhorn

David Einhorn’s Greenlight Capital returned -2.9% in the second quarter of 2021 compared to 8.5% for the S&P 500. According to a copy of the fund’s letter, which ValueWalk has reviewed, longs contributed 5.2% in the quarter while short positions detracted 4.6%. Q2 2021 hedge fund letters, conferences and more Macro positions detracted 3.3% from performance during the quarter. The fund’s average exposure throughout the quarter was 127% long and 68% short. Greenlight’s relatively poor performance in the second quarter followed a 0.1% decline in the first quarter. In the first quarter, Greenlight had average long exposure of 118% and…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk