Greenlight Capital Re-Acquired a Position in Global Payments (GPN)

Group 1: Greenlight Capital Overview - Greenlight Capital's investment strategy focuses on a bottom-up portfolio of undervalued long positions and overvalued short positions, along with a macro book for risk hedging [1] - The Partnership achieved a net return of 9.0% in 2025, compared to 17.9% for the S&P 500 index, and an 8.5% return in Q4 against 2.7% for the index [1] - Since its inception in May 1996, the Partnership has returned $6.1 billion net of fees and expenses to its investors [1] Group 2: Global Payments Inc. (GPN) Investment Insights - Global Payments Inc. (NYSE:GPN) is a payment technology provider, recently added to Greenlight Capital's portfolio [2] - The stock experienced a one-month return of -6.96% and a 52-week decline of 36.22%, closing at $72.01 on January 28, 2026, with a market capitalization of $20.16 billion [2] - Greenlight Capital re-acquired shares of GPN at an average price of $77.85 after previously exiting the position at $108.61 [3] - GPN is targeting $5 billion in free cash flow by 2028, representing nearly 25% of its current pro forma combined market capitalization [3] - The company plans to return nearly $7 billion to shareholders over the next two years, which is one-third of its market cap, and expects the market to better appreciate its growth potential post-Worldpay transaction [3] Group 3: Hedge Fund Interest in Global Payments Inc. - Global Payments Inc. was held by 53 hedge fund portfolios at the end of Q3, a decrease from 57 in the previous quarter [4] - While GPN shows investment potential, certain AI stocks are considered to offer greater upside with less downside risk [4]