Top

Einhorn says the market is at the fartcoin stage of the cycle. His fund bought Peloton and made these moves.

David Einhorn’s Greenlight Capital is keeping Big Tech at arm’s length, along with crypto. Here’s what the hedge fund has been buying lately.

Tech is set to fuel Wednesday’s Wall Street gains, thanks to Stargate AI buzz and Netflix’s heady results. Not everyone is a Big Tech superfan. Take Greenlight Capital, the hedge fund founded and presided by David Einhorn, that had “limited exposure to either side of the book” to those drivers of the S&P 500’s 25% return last year, according to a just-released fourth-quarter letter.

Greenlight’s funds returned just over 7% last year..