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Greenlight Q3 letter: Netflix and Tesla shorts, long on Brighthouse, Chemours

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Michelle deBoer-Jones
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David Einhorn's Greenlight Capital was up 5.6% for the third quarter, bringing its year-to-date return to 24% for the year. Most of the gains were in the long portfolio, although the fund's Netflix short contributed significantly to its returns. Losing positions included Tesla and Chemours.

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In their third-quarter letter to investors, which was reviewed by ValueWalk, the Greenlight team said their short book posted a small loss for the fund during the third quarter, while their macro positions posted a small gain to offset the loss on the short book.

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.