Apr. 13 at 10:47 PM
Greenlight Capital Q1 Moves: New Bets in Media, Footwear, and Lending
Greenlight Capital posted a +6.5% return in Q1, outperforming the S&P 500, and revealed several portfolio adjustments.
New positions:
Versant Media : medium-sized stake in the Comcast spin-off, betting on the resilience of live news and event-driven TV content despite cord-cutting trends
Crocs : small position at
$83.49, viewing recent US sales concerns as overstated, with strong upside from aggressive share buybacks (>10% annually expected)
SLM Corp : small position tied to growth in graduate student lending, as federal participation in the market declines
Exits:
Kyndryl
Global Payments
Warner Bros. Discovery , as restructuring uncertainty fades
Key performance drivers for the fund included gold exposure and select energy/healthcare names, while losses were concentrated in rates-linked instruments and some tech-adjacent holdings.
$VSNT $CROX $SLM $WBD