Einhorn's DME Capital Amends Green Brick Partners Stake
Ticker: GRBK-PA · Form: SC 13D/A · Filed: Jan 4, 2024 · CIK: 1373670
Complexity: simple
Sentiment: neutral
Topics: insider-activity, institutional-ownership, amendment, holding-change
TL;DR
**Einhorn's fund just updated its Green Brick Partners stake, watch for market reaction!**
AI Summary
DME Capital Management, LP, led by David Einhorn, filed an Amendment No. 25 to its Schedule 13D on January 4, 2024, indicating a change in their beneficial ownership of Green Brick Partners, Inc. common stock. This amendment updates their previous holdings, with the date of the event triggering this filing being January 2, 2024. This matters to investors because it signals a significant institutional investor is adjusting their position, which can influence market perception and potentially the stock's price.
Why It Matters
Changes in holdings by major institutional investors like DME Capital Management can signal their updated outlook on Green Brick Partners, potentially influencing other investors' decisions and the stock's valuation.
Risk Assessment
Risk Level: medium — While not an immediate red flag, changes in significant investor holdings can introduce volatility and uncertainty for the stock.
Analyst Insight
Investors should monitor subsequent filings (e.g., Form 4s or further 13D/As) from DME Capital Management, LP to understand the nature and extent of their position changes in Green Brick Partners, Inc. and assess potential impacts on the stock price.
Key Numbers
- 392709101 — CUSIP Number (identifies Green Brick Partners, Inc. common stock)
- $0.01 — par value per share (par value of Green Brick Partners, Inc. common stock)
Key Players & Entities
- DME Capital Management, LP (company) — filing person, institutional investor
- Green Brick Partners, Inc. (company) — subject company, issuer of securities
- David Einhorn (person) — group member associated with DME Advisors
- January 2, 2024 (date) — date of event requiring the filing
- January 4, 2024 (date) — filing date of the SC 13D/A
- Amendment No. 25 (number) — specific amendment number to the Schedule 13D
Forward-Looking Statements
- Other institutional investors may review their positions in Green Brick Partners, Inc. following this amendment. (Green Brick Partners, Inc.) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13D/A amendment?
This SC 13D/A Amendment No. 25 was filed by DME Capital Management, LP, located at 140 East 45th Street, Floor 24, New York, New York 10017.
What is the subject company of this filing?
The subject company is Green Brick Partners, Inc., with its business address at 5501 Headquarters Dr, Suite 300W, Plano, TX 75024.
What type of securities are covered by this filing?
The filing covers Shares of Common Stock, par value $0.01 per share, of Green Brick Partners, Inc.
When was the event that required this filing?
The date of the event which required the filing of this statement was January 2, 2024.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Shares of Common Stock of Green Brick Partners, Inc. is 392709101.
Filing Stats: 1,828 words · 7 min read · ~6 pages · Grade level 10.3 · Accepted 2024-01-04 16:05:58
Key Financial Figures
- $0.01 — uer) Shares of Common Stock, par value $0.01 per share (Title of Class of Securitie
- $46.2432 — 00 shares of Common Stock at a price of $46.2432 per share to the Counterparty pursuant
Filing Documents
- 13da.htm (SC 13D/A) — 73KB
- 0000929638-24-000021.txt ( ) — 75KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer. (a) and (b) See Items 7-13 of the cover pages. SILP sold 937,500 shares of Common Stock at a price of $46.2432 per share to the Counterparty pursuant to previously reported Forward Transactions on January 2, 2024. The percentages reported herein are based on a statement in the Quarterly Report on Form 10-Q filed by the Issuer with the SEC on October 31, 2023 that there were 45,378,364 shares of Common Stock outstanding as of October 25, 2023. (c) The information described in Item 4 is hereby incorporated by reference into this Item 5(c). The Reporting Persons have not engaged in any other transactions in the Common Shares during the sixty day period prior to the filing of this Schedule 13D that have not previously been reported.
Exhibits
Item 7. Exhibits. Exhibit 99.1 Joint Filing Agreement executed by and among the Reporting Persons as of March 28, 2014 (incorporated herein by reference to Exhibit 99.2 to Amendment No. 8 to Schedule 13D relating to shares of Common Stock of the Issuer, as filed by the Reporting Persons with the Commission on March 28, 2014) SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 4, 2024 DME Advisors GP, L.L.C. By: /s/ Daniel Roitman Daniel Roitman Chief Operating Officer DME Advisors, L.P. By: /s/ Daniel Roitman Daniel Roitman Chief Operating Officer DME Capital Management, LP By: /s/ Daniel Roitman Daniel Roitman Chief Operating Officer /s/ Daniel Roitman** Daniel Roitman, on behalf of David Einhorn ** The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this report on David Einhorn's behalf, filed as Exhibit 99.1 to the Schedule 13D filed with the Securities and Exchange Commission on August 29, 2019 by the Reporting Persons with respect to the common units of CONSOL Coal Resources, is hereby incorporated by reference.