DME Capital Management Amends Green Brick Partners Stake

TL;DR

Einhorn's DME Capital just updated their Green Brick Partners stake - watch this space.

AI Summary

DME Capital Management, LP, along with David Einhorn and DME Advisors GP, L.L.C., filed an amendment (No. 26) to their Schedule 13D on July 15, 2024, regarding their holdings in Green Brick Partners, Inc. The filing indicates a change in their beneficial ownership of the company's common stock.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Green Brick Partners, Inc., which could influence its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• DME Capital Management, LP (company) — Filing entity
• David Einhorn (person) — Group member
• DME Advisors GP, L.L.C (company) — Group member
• Green Brick Partners, Inc. (company) — Subject company

FAQ

Key Financial Figures

• $0.01 — uer) Shares of Common Stock, par value $0.01 per share (Title of Class of Securitie
• $57.8025 — ommon Stock, in each case at a price of $57.8025 per share, to the Counterparty pursuant

Filing Documents

• 13da.htm (SC 13D/A) — 73KB
• 0000929638-24-002493.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. On July 11, 2024, SILP sold 500,000 shares of Common Stock and the SPVs sold an aggregate of 500,000 shares of Common Stock, in each case at a price of $57.8025 per share, to the Counterparty pursuant to previously reported Forward Transactions. 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 May 1, 2024 that there were 44,930,656 shares of Common Stock outstanding as of April 26, 2024. (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: July 15, 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.

View Full Filing

View this SC 13D/A filing on SEC EDGAR