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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 29 100.00%
of those in investment advisory functions 11 100.00%
Registration SEC, Approved, 1/3/2012
AUM* 3,151,997,440 97.93%
of that, discretionary 3,151,997,440 97.93%
Private Fund GAV* 2,670,199,793 1.30%
Avg Account Size 350,221,938 9.96%
SMA’s No
Private Funds 7 3
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Other investment advisers

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 3B 2B 854M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count7 GAV$2,670,199,793

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker392709101 Stock NameGREEN BRICK PARTNERS INC $ Position$495,967,027 % Position24.00% $ Change-5.00% # Change0.00%
Stck Ticker20854L108 Stock NameCONSOL ENERGY INC NEW $ Position$141,659,166 % Position7.00% $ Change22.00% # Change0.00%
Stck Ticker10922N103 Stock NameBRIGHTHOUSE FINL INC $ Position$103,838,436 % Position5.00% $ Change-17.00% # Change-1.00%
Stck Ticker50155Q100 Stock NameKYNDRYL HLDGS INC $ Position$100,763,222 % Position5.00% $ Change-17.00% # Change-31.00%
Stck Ticker40434L105 Stock NameHP INC $ Position$96,435,274 % Position5.00% $ Change133.00% # Change101.00%
Stck Ticker392709101 Stock NameGREEN BRICK PARTNERS INC $ Position$103,185,976 % Position5.00% $ Change-5.00% # Change0.00%
Stck Ticker88337F105 Stock NameTHE ODP CORP $ Position$75,473,366 % Position4.00% $ Change-2.00% # Change33.00%
Stck Ticker707569109 Stock NamePENN ENTERTAINMENT INC $ Position$81,381,388 % Position4.00% $ Change15.00% # Change8.00%
Stck Ticker01626W101 Stock NameALIGHT INC $ Position$65,674,325 % Position3.00% $ Change-28.00% # Change-4.00%
Stck Ticker88033G407 Stock NameTENET HEALTHCARE CORP $ Position$68,366,778 % Position3.00% $ Change-14.00% # Change-32.00%

Brochure Summary

Overview

DME Capital Management, LP is a Delaware limited partnership that began operations in 2010. We are a value-oriented investment management firm that primarily invests and trades in long and short publicly-listed equity securities, as well as distressed debt when cyclically attractive and gold and gold-related instruments. DME Advisors GP, LLC is our general partner and David Einhorn is our President and portfolio manager. We provide investment advisory services to: (i) Greenlight Capital Offshore Master, Ltd., a British Virgin Islands business company; (ii) Greenlight Capital LP (formerly Greenlight Capital Investors, LP), a Delaware limited partnership, which is a feeder fund for Greenlight Capital Offshore Master, Ltd.; (iii) GCOI Intermediate, LP, a British Virgin Islands limited partnership, which is also a feeder fund for Greenlight Capital Offshore Master, Ltd.; (iv) Greenlight Capital Offshore Ltd. (formerly Greenlight Capital Offshore Investors, Ltd.), a British Virgin Islands business company, which is a feeder fund for GCOI Intermediate, LP (collectively, the “Greenlight Funds”). We also provide investment advisory services to a separately managed account (the “SMA”), a pooled investment vehicle for which we manage a portfolio (collectively with the Greenlight Funds and the SMA, the “Greenlight Clients”) and three special purpose vehicles created to hold shares in a single issuer (the “SPVs” and collectively with the Greenlight Clients, the “DMEM Clients”). We make all investment decisions on behalf of the DMEM Clients. Our primary responsibilities for the DMEM Clients are to identify, review, and select investment opportunities that can achieve the DMEM Clients’ investment objectives. We and our affiliate, DME Management GP, LLC, the general partner of Greenlight Capital LP and GCOI Intermediate, LP, also provide certain administrative and management services to the DMEM Clients. The primary investment objective of the Greenlight Clients is to achieve capital appreciation by buying securities with trading values materially lower than their intrinsic values and by selling short securities with trading values materially higher than their intrinsic values. In addition, the Greenlight Funds also offer investors the option to participate in the Greenlight Funds’ investment program through the Gold Interests (as defined below), which are backed by exposure to Gold (as defined below). The Greenlight Clients aim to achieve high absolute rates of return while minimizing the risk of capital loss. There can be no assurance that this investment objective will be achieved and investment results may vary substantially. The Greenlight
Funds are permitted to invest, on margin or otherwise, in securities and other financial instruments of United States and foreign issuers, including, but not limited to: (i) capital stock; shares of beneficial interest; partnership interests and similar financial instruments; loans; bonds, notes, debentures (whether subordinated, convertible or otherwise), bank debt and other evidence of indebtedness; debt securities or other obligations of United States and foreign governments, or any states, agencies or instrumentalities thereof; commercial paper; other obligations and instruments or evidences of indebtedness of whatever kind or nature; in each case, of any person, government or other entity whatsoever, whether or not publicly traded or readily marketable; equipment lease certificates; equipment trust certificates; accounts and notes receivable and payable held by trade or other creditors; trade acceptances; contract and other claims; executory contracts; participations; open- and closed-end investment companies and other mutual funds; money market funds; exchange traded funds (“ETFs”); repurchase agreements; certificates of deposit; banker’s acceptances; trust receipts; currencies; and commodities; (ii) futures on the securities and instruments listed in (i) above, as well as futures relating to stock indices and other financial instruments; and (iii) derivatives, such as swaps, options, warrants, caps, collars, floors and forwards on the securities, instruments and futures listed in (i) and (ii) above, as well as interest rate, currency, commodity, equity and other derivatives, all without restriction of any kind. Investments in the other clients are governed by separate guidelines. We currently do not provide investment advisory services to clients apart from our management of the DMEM Clients and do not participate in wrap fee programs, although our affiliates do provide advice to other persons and/or entities (including other privately-offered pooled alternative investment vehicles, one of which has an investment strategy substantially similar to the DMEM Clients) and we and/or one or more affiliates may do so in the future. Investment advice is provided directly to each of the DMEM Clients and not to the individual investors in the DMEM Clients. As of January 31, 2024, the regulatory assets under management by DME Capital Management, LP were approximately $3,151,997,440. All assets are managed on a discretionary basis. For a further discussion of these and related items, see Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations).