David Einhorn’s Q3 letter to shareholders is out. We already know performance numbers as we earlier reported Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s q3 returns here. However, we have some new info on short positions as well as long positions in foreign companies.
David Einhorn’s discussion on CMG and GMCR
David Einhorn devotes most of the letter to his discussion of Chipotle Mexican Grill, Inc. (NYSE:CMG) and Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and why he thinks that both companies are good shorts. Einhorn also discusses his profitable Apple Inc. (NASDAQ:AAPL) position, which we noted gained around 20 percent in the quarter.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index,