After selling down their position in Q1 of 2023, Greenlight Capital has increased their position in Q4 reflecting they are re-accumulating a larger position in Kyndryl. I was concerned with their sell off in early 2023 that aligned with the Kyndryl’s disappointing Q1 earnings release. Now that Kyndryl appears to be back on track with their turnaround and consistent earning releases, Greenlight Capital appears to be a buyer again. Greenlight Capital also accumulated shares in Q3 2024. They currently hold 6.4 million shares which was valued at $132 million at the end of 2023 and comprises 6.4% of their portfolio.
I take comfort when a value investor like David Einhorn sees that sale value in Kyndryl.
Below is the source for Greenlight Capital’s holdings.
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