Greenlight Capital Q1 6.5% Return, Prioritizes Preservation

Greenlight Capital posted a 6.5% return in Q1 2026, beating the S&P 500’s 4.4% decline.
The firm emphasized capital preservation, maintaining low gross and net exposure despite geopolitical optimism and the U.S.-Iran conflict.
Gains were driven by gold, Acadia Healthcare, DHT Holdings, Core Natural Resources, and new positions in Versant Media, Crocs, SLM Corp.
Greenlight kept index hedges and added a long position in October oil futures to manage exposure.