Einhorn's Greenlight Capital Up 2.7% in 2012

Greenlight Capital, the hedge fund founded by noted value investor and short-seller David Einhorn, has risen by 2.7% through May according to results reported by Greenlight Re, a reinsurance company founded by the hedge fund manager. Greenlight Capital only lost 1.5% during the month of May compared to a loss of 6.3% for the S&P 500. According to the disclosure, the fund's largest long positions in its investment portfolio are Apple AAPL, General Motors GM, gold, Marvell Technology MRVL and Seagate Technology STX. Greenlight's portfolio is around 92 percent long and 50 percent short. According to the disclosure, this market exposure is calculated on a notional basis and does not include cash, credit default swaps, foreign currency positions, gold, interest rate derivatives, sovereign debt and other macro positions.