Greenlight Capital's David Einhorn is betting big on homebuilder Green Brick Partners in the current inflationary environment. "Green Brick is our largest position," Einhorn said on CNBC's "Halftime Report." Einhorn is the chairman of Green Brick and said he owns about a third of the company's shares. The hedge fund manager has owned Green Brick since at least 2015 and recently has been touting the stock as an inflation hedge. "The reason we're positioned for inflation is we believe that whether the Fed acts or doesn't act, there's going to be quite a lot of inflation," Einhorn said. Green Brick is a homebuilding and land development company. "They're in Dallas and Atlanta and Vero Beach, Florida, and Colorado Springs — essentially places where people are going — and it's a wonderful business," Einhorn said. Einhorn highlighted the company's growth in profit, equity returns and land. "Our margins are rising. Prices are going up faster than our costs," Einhorn said. "This seems like a like an extraordinary situation." Shares of Green Brick jumped 10% after Einhorn's bullish comments.
David A. Grogan | CNBC
Greenlight Capital's David Einhorn is betting big on homebuilder Green Brick Partners in the current inflationary environment.