13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Greenlight Capital, Inc. Address: 140 East 45th Street 24th Floor New York, New York 10017 Form 13F File Number: 028-7484 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: Daniel Roitman Title: Chief Operating Officer Phone: (212) 973-1900 Signature, Place, and Date of Signing: /s/ Daniel Roitman New York, NY 2/14/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 123 Form 13F Information Table Value Total: $ 4,943,338 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 028-13228 DME Advisors, L.P. ---- -------------------- ---------------------------------------------------- 2 028-14000 DME Capital Management, LP ---- -------------------- ---------------------------------------------------- 3 028-13259 Greenlight Masters, LLC ---- -------------------- ----------------------------------------------------

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- -------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- APPLE INC COM 037833100 215,010 666,575 SH SOLE 666,575 0 0 APPLE INC COM 037833100 38,417 119,100 SH SOLE 1 119,100 0 0 APPLE INC COM 037833100 16,717 51,825 SH SOLE 2 51,825 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 95,403 3,333,452 SH SOLE 3,333,452 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 15,666 547,378 SH SOLE 1 547,378 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 7,417 259,170 SH SOLE 2 259,170 0 0 BECTON DICKINSON & CO COM 075887109 128,116 1,515,805 SH SOLE 1,515,805 0 0 BECTON DICKINSON & CO COM 075887109 23,192 274,400 SH SOLE 1 274,400 0 0 BECTON DICKINSON & CO COM 075887109 9,872 116,795 SH SOLE 2 116,795 0 0 BECTON DICKINSON & CO COM 075887109 2,240 26,500 SH SOLE 3 26,500 0 0 BIOFUEL ENERGY CORP COM 09064Y109 10,085 5,795,756 SH SOLE 5,795,756 0 0 BIOFUEL ENERGY CORP COM 09064Y109 2,519 1,447,443 SH SOLE 1 1,447,443 0 0 BIOFUEL ENERGY CORP COM 09064Y109 520 298,905 SH SOLE 2 298,905 0 0 BP PLC SPONSORED ADR 055622104 116,257 2,632,033 SH SOLE 2,632,033 0 0 BP PLC SPONSORED ADR 055622104 21,718 491,700 SH SOLE 1 491,700 0 0 BP PLC SPONSORED ADR 055622104 9,302 210,600 SH SOLE 2 210,600 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 47,046 2,145,300 SH SOLE 2,145,300 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 7,660 349,300 SH SOLE 1 349,300 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 3,408 155,400 SH SOLE 2 155,400 0 0 CAPITOL FED FINL COM 14057C106 939 78,800 SH SOLE 78,800 0 0 CAPITOL FED FINL COM 14057C106 176 14,800 SH SOLE 1 14,800 0 0 CAPITOL FED FINL COM 14057C106 76 6,400 SH SOLE 2 6,400 0 0 CARDINAL HEALTH INC COM 14149Y108 198,975 5,193,823 SH SOLE 5,193,823 0 0 CARDINAL HEALTH INC COM 14149Y108 34,187 892,366 SH SOLE 1 892,366 0 0 CARDINAL HEALTH INC COM 14149Y108 15,470 403,811 SH SOLE 2 403,811 0 0 CARDINAL HEALTH INC COM 14149Y108 4,616 120,500 SH SOLE 3 120,500 0 0 CARDINAL HEALTH INC COM 14149Y108 120,677 3,150,000 CALL SOLE 3,150,000 0 0 CARDINAL HEALTH INC COM 14149Y108 22,680 592,000 CALL SOLE 1 592,000 0 0 CARDINAL HEALTH INC COM 14149Y108 9,884 258,000 CALL SOLE 2 258,000 0 0 CAREFUSION CORP COM 14170T101 270,022 10,506,674 SH SOLE 10,506,674 0 0 CAREFUSION CORP COM 14170T101 49,830 1,938,924 SH SOLE 1 1,938,924 0 0 CAREFUSION CORP COM 14170T101 20,994 816,876 SH SOLE 2 816,876 0 0 CAREFUSION CORP COM 14170T101 2,885 112,250 SH SOLE 3 112,250 0 0 CIT GROUP INC COM NEW 125581801 270,284 5,738,516 SH SOLE 5,738,516 0 0 CIT GROUP INC COM NEW 125581801 50,530 1,072,818 SH SOLE 1 1,072,818 0 0 CIT GROUP INC COM NEW 125581801 21,862 464,155 SH SOLE 2 464,155 0 0 CIT GROUP INC COM NEW 125581801 2,939 62,400 SH SOLE 3 62,400 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 130,089 9,258,985 SH SOLE 9,258,985 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 10,538 750,000 SH SOLE 1 750,000 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 10,179 724,484 SH SOLE 2 724,484 0 0 EMPLOYERS HOLDINGS INC COM 292218104 35,810 2,048,652 SH SOLE 2,048,652 0 0 EMPLOYERS HOLDINGS INC COM 292218104 2,356 134,800 SH SOLE 1 134,800 0 0 EMPLOYERS HOLDINGS INC COM 292218104 2,474 141,548 SH SOLE 2 141,548 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 20,541 1,382,290 SH SOLE 1,382,290 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 3,814 256,652 SH SOLE 1 256,652 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 1,494 100,532 SH SOLE 2 100,532 0 0 ENSCO PLC SPONSORED ADR 29358Q109 382,955 7,174,128 SH SOLE 7,174,128 0 0 ENSCO PLC SPONSORED ADR 29358Q109 68,310 1,279,700 SH SOLE 1 1,279,700 0 0 ENSCO PLC SPONSORED ADR 29358Q109 29,774 557,776 SH SOLE 2 557,776 0 0 EVEREST RE GROUP LTD COM G3223R108 66,827 787,864 SH SOLE 787,864 0 0 EVEREST RE GROUP LTD COM G3223R108 11,528 135,907 SH SOLE 1 135,907 0 0 EVEREST RE GROUP LTD COM G3223R108 4,807 56,674 SH SOLE 2 56,674 0 0 FIFTH STREET FINANCE CORP COM 31678A103 19,044 1,568,679 SH SOLE 1,568,679 0 0 FIFTH STREET FINANCE CORP COM 31678A103 7,049 580,635 SH SOLE 1 580,635 0 0 FIFTH STREET FINANCE CORP COM 31678A103 1,641 135,178 SH SOLE 2 135,178 0 0 FLAGSTAR BANCORP INC COM NEW 337930507 2,154 1,321,216 SH SOLE 1,321,216 0 0 FLAGSTAR BANCORP INC COM NEW 337930507 380 233,080 SH SOLE 1 233,080 0 0 FLAGSTAR BANCORP INC COM NEW 337930507 156 95,702 SH SOLE 2 95,702 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 5,663 391,911 SH SOLE 391,911 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 1,001 69,300 SH SOLE 1 69,300 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- -------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- FURIEX PHARMACEUTICALS INC COM 36106P101 416 28,789 SH SOLE 2 28,789 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 48,291 5,061,998 SH SOLE 5,061,998 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 11,897 1,247,046 SH SOLE 1 1,247,046 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 2,196 230,197 SH SOLE 2 230,197 0 0 HEALTH NET INC COM 42222G108 49,469 1,812,707 SH SOLE 1,812,707 0 0 HEALTH NET INC COM 42222G108 8,649 316,946 SH SOLE 1 316,946 0 0 HEALTH NET INC COM 42222G108 3,575 131,017 SH SOLE 2 131,017 0 0 INGRAM MICRO INC CL A 457153104 38,524 2,018,038 SH SOLE 2,018,038 0 0 INGRAM MICRO INC CL A 457153104 7,050 369,300 SH SOLE 1 369,300 0 0 INGRAM MICRO INC CL A 457153104 2,940 154,000 SH SOLE 2 154,000 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 70,315 2,044,032 SH SOLE 2,044,032 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 12,800 372,100 SH SOLE 1 372,100 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 5,465 158,868 SH SOLE 2 158,868 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 172,612 2,808,072 SH SOLE 2,808,072 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 31,712 515,900 SH SOLE 1 515,900 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 13,708 222,999 SH SOLE 2 222,999 0 0 M D C HLDGS INC COM 552676108 1,624 56,457 SH SOLE 56,457 0 0 M D C HLDGS INC COM 552676108 280 9,740 SH SOLE 1 9,740 0 0 M D C HLDGS INC COM 552676108 119 4,127 SH SOLE 2 4,127 0 0 MI DEVS INC CL A SUB VTG 55304X104 123,966 4,574,382 SH SOLE 4,574,382 0 0 MI DEVS INC CL A SUB VTG 55304X104 19,564 721,935 SH SOLE 1 721,935 0 0 MI DEVS INC CL A SUB VTG 55304X104 8,914 328,918 SH SOLE 2 328,918 0 0 MI DEVS INC CL A SUB VTG 55304X104 813 30,000 SH SOLE 3 30,000 0 0 MICROSOFT CORP COM 594918104 171,079 6,127,478 SH SOLE 6,127,478 0 0 MICROSOFT CORP COM 594918104 30,262 1,083,900 SH SOLE 1 1,083,900 0 0 MICROSOFT CORP COM 594918104 13,197 472,664 SH SOLE 2 472,664 0 0 NCR CORP NEW COM 62886E108 140,561 9,145,139 SH SOLE 9,145,139 0 0 NCR CORP NEW COM 62886E108 24,784 1,612,500 SH SOLE 1 1,612,500 0 0 NCR CORP NEW COM 62886E108 10,928 711,019 SH SOLE 2 711,019 0 0 NVR INC COM 62944T105 69,445 100,497 SH SOLE 100,497 0 0 NVR INC COM 62944T105 10,842 15,690 SH SOLE 1 15,690 0 0 NVR INC COM 62944T105 5,399 7,813 SH SOLE 2 7,813 0 0 PFIZER INC COM 717081103 326,406 18,641,092 SH SOLE 18,641,092 0 0 PFIZER INC COM 717081103 51,421 2,936,693 SH SOLE 1 2,936,693 0 0 PFIZER INC COM 717081103 25,377 1,449,313 SH SOLE 2 1,449,313 0 0 PFIZER INC COM 717081103 2,224 127,000 SH SOLE 3 127,000 0 0 POTASH CORP SASK INC COM 73755L107 46,325 299,200 SH SOLE 299,200 0 0 POTASH CORP SASK INC COM 73755L107 8,655 55,900 SH SOLE 1 55,900 0 0 POTASH CORP SASK INC COM 73755L107 3,700 23,900 SH SOLE 2 23,900 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 20,176 2,756,225 SH SOLE 2,756,225 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 3,348 457,327 SH SOLE 1 457,327 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 1,458 199,248 SH SOLE 2 199,248 0 0 SEMGROUP CORP CL A 81663A105 41,092 1,512,400 SH SOLE 1,512,400 0 0 SEMGROUP CORP CL A 81663A105 7,659 281,900 SH SOLE 1 281,900 0 0 SEMGROUP CORP CL A 81663A105 3,279 120,700 SH SOLE 2 120,700 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 186,652 44,125,700 SH SOLE 44,125,700 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 34,869 8,243,300 SH SOLE 1 8,243,300 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 14,936 3,531,000 SH SOLE 2 3,531,000 0 0 SYMMETRICOM INC COM COM 871543104 9,978 1,407,333 SH SOLE 1,407,333 0 0 SYMMETRICOM INC COM COM 871543104 1,424 200,800 SH SOLE 1 200,800 0 0 SYMMETRICOM INC COM COM 871543104 721 101,713 SH SOLE 2 101,713 0 0 TRANSATLANTIC HLDGS INC COM 893521104 50,602 980,273 SH SOLE 980,273 0 0 TRANSATLANTIC HLDGS INC COM 893521104 7,915 153,340 SH SOLE 1 153,340 0 0 TRANSATLANTIC HLDGS INC COM 893521104 3,670 71,087 SH SOLE 2 71,087 0 0 TRAVELERS COMPANIES INC COM 89417E109 95,319 1,710,980 SH SOLE 1,710,980 0 0 TRAVELERS COMPANIES INC COM 89417E109 16,059 288,267 SH SOLE 1 288,267 0 0 TRAVELERS COMPANIES INC COM 89417E109 7,411 133,025 SH SOLE 2 133,025 0 0 VERIGY LTD SHS Y93691106 15,415 1,183,969 SH SOLE 1,183,969 0 0 VERIGY LTD SHS Y93691106 2,897 222,500 SH SOLE 1 222,500 0 0 VERIGY LTD SHS Y93691106 1,258 96,609 SH SOLE 2 96,609 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- -------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- XEROX CORP COM 984121103 123,884 10,753,802 SH SOLE 10,753,802 0 0 XEROX CORP COM 984121103 22,004 1,910,109 SH SOLE 1 1,910,109 0 0 XEROX CORP COM 984121103 9,632 836,089 SH SOLE 2 836,089 0 0