Greenlight buys Seadrill, cuts Teck in Q2

David Einhorn’s Greenlight Capital disclosed in an SEC filing its holdings as of June 30, 2023. The fund’s six new buys during the second quarter included, by size of position, Activision Blizzard (ATVI), First Horizon (FHN), Seadrill (SDRL), Herc Holdings (HRI), and Advance Auto Parts (AAP). Greenlight exited four positions during the quarter, including by size of previous position Global Payments (GPN), Civitas Resources (CIVI), and Concentrix (CNXC). The fund increased its stake in seven holdings, including by size of previous position Consol Energy (CEIX), Black Knight (BKI), Net Power (NPWR), Graphic Packaging Holding (GPK), and Southwestern Energy (SWN). Greenlight reduced its stake in 11 holdings, including by size of previous position Kyndryl (KD), Teck Resources (TECK), Tenet (THC), iShares Silver Trust (SLV), and Weatherford (WFRD). The fund’s top holdings as of June 30, in order of size, were Green Brick (GRBK), Consol Energy, Brighthouse Financial (BHF), Black Knight, and Tenet.