Greenlight Capital Initiates Versant, Crocs, SLM Positions

Greenlight Capital opened a medium-sized stake in Versant Media, highlighting over 60% live‑news programming resilience.
The hedge fund bought a small Crocs position at $83.49, deeming US sales concerns overblown and expecting >10% annual buybacks.
A small SLM Corp stake was added to capture growth in graduate‑student lending after the One Big Beautiful Bill Act.
Greenlight posted a 6.5% Q1 net return versus the S&P 500’s –4.4% while exiting Kyndryl, Global Payments and Warner Bros. Discovery.