, an investment management firm, released its second-quarter 2024 investor letter. A copy of the letter can be . In the second quarter, the Greenlight Capital funds returned 2.
8% net of fees and expenses, compared to 4.3% for the S&P 500 index. The longs in the portfolio underperformed the S&P 500 and the shorts outperformed the inverse of the S&P 500.
However, the portfolio maintained a neutral net long exposure of about 40%. In addition, please check the fund’s top five holdings to know its best picks in 2024. Greenlight Capital highlighted stocks like Capri Holdings Limited (NYSE: ) in the second quarter 2024 investor letter.
Headquartered in London, the United Kingdom, Capri Holdings Limited (NYSE:CPRI) is a global fashion luxury group. The one-month return of Capri Holdings Limited (NYSE:CPRI) was 6.05%, and its shares lost 31.
77% of their value over the last 52 weeks. On August 23, 2024, Capri Holdings Limited (NYSE:CPRI) stock closed at $35.78 per share with a market capitalization of $4.
21 billion. Greenlight Capital stated the following regarding Capri Holdings Limited (NYSE:CPRI) in its Q2 2024 investor letter: "It was a slow period for new long positions. The only significant addition, which is actually a repurchase, was (NYSE:CPRI)).
We’ve been reestablishing our position, and as of the end of the quarter our average entry price was $32.13 per share. As you may recall, we owned CPRI when the company announced it would be sold to Tapestry for $57 per share, and.