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

, General Motors

, gold, Marvell Technology

and Seagate Technology

. 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.