David Einhorn’s Greenlight Capital made a number of bets in vitality and well being care throughout the third quarter, in accordance with a brand new securities submitting. The hedge fund opened a brand new place in small cap-crude oil tanker firm DHT Holdings , which was price practically $20.9 million on the finish of the third quarter, in accordance with a 13F Securities and Trade submitting. The inventory rallied 20% throughout that interval and is up 16% yr to this point. Einhorn additionally elevated his stake in pure gasoline developer Southwestern Power by 9.5%. That place was price $65.2 million. Greenlight did promote about 15% of its shares in coal mining firm Consol Power . Its stake continues to be price $252.2 million, making it the second-highest holding in its portfolio. Though a number of of Greenlight’s high holdings are in vitality, Einhorn expressed in a letter to buyers this month worries a few surge in oil costs amid the Israel-Hamas battle within the Center East and Russia’s continued battle in Ukraine — which he stated would squeeze the patron and lead the U.S. economic system right into a recession. He added that he has stopped constructing new inventory positions in the meanwhile as a result of these intensifying geopolitical dangers. In well being care, the hedge fund elevated its holdings in Sotera Well being a by a whopping 6,082.9%, the submitting confirmed. The place was price greater than $5 million by the top of September. Shares of the lab testing supplier are up greater than 66% this yr, however dipped roughly 7% this quarter after the corporate stated it anticipates its full-year outcomes to return out decrease than beforehand anticipated as a result of broader market softness. Greenlight additionally purchased up shares in biotech names Achieve Therapeutics and Coya Therapeutics , growing these stakes by 7.7% and 19.2%, respectively. The fund’s largest place, homebuilding inventory Inexperienced Brick Companions , was price greater than $512 million as of the top of September. The agency offered a few quarter of its shares within the firm throughout the interval. Elsewhere, the agency elevated its publicity in data tech firm Kyndryl Holdings , amounting to $84.4 million in complete worth, and Brighthouse Monetary by simply $3.1 million. Greenlight has soared previous the broader market this yr, returning 12.9% within the third quarter to carry its 2023 beneficial properties to greater than 27%. The S & P 500, in the meantime, has gained 17.6% to this point this yr.