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: 3/31/2011 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 5/16/2011 --------------------------------- --------------------------------- ---------- [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: 129 Form 13F Information Table Value Total: $ 5,167,828 -------------- (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 ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- AMDOCS LTD ORD G02602103 11,123 385,540 SH SOLE 385,540 0 0 AMDOCS LTD ORD G02602103 2,167 75,100 SH SOLE 1 75,100 0 0 AMDOCS LTD ORD G02602103 1,290 44,700 SH SOLE 2 44,700 0 0 APPLE INC COM 037833100 225,052 645,865 SH SOLE 645,865 0 0 APPLE INC COM 037833100 41,500 119,100 SH SOLE 1 119,100 0 0 APPLE INC COM 037833100 25,275 72,535 SH SOLE 2 72,535 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 89,510 3,247,823 SH SOLE 3,247,823 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 15,086 547,378 SH SOLE 1 547,378 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 9,503 344,799 SH SOLE 2 344,799 0 0 BECTON DICKINSON & CO COM 075887109 138,599 1,740,761 SH SOLE 1,740,761 0 0 BECTON DICKINSON & CO COM 075887109 26,736 335,800 SH SOLE 1 335,800 0 0 BECTON DICKINSON & CO COM 075887109 15,927 200,037 SH SOLE 2 200,037 0 0 BECTON DICKINSON & CO COM 075887109 4,379 55,000 SH SOLE 3 55,000 0 0 BECTON DICKINSON & CO COM 075887109 1,831 23,000 CALL SOLE 23,000 0 0 BECTON DICKINSON & CO COM 075887109 350 4,400 CALL SOLE 1 4,400 0 0 BECTON DICKINSON & CO COM 075887109 207 2,600 CALL SOLE 2 2,600 0 0 BEST BUY INC COM 086516101 131,524 4,579,537 SH SOLE 4,579,537 0 0 BEST BUY INC COM 086516101 25,595 891,200 SH SOLE 1 891,200 0 0 BEST BUY INC COM 086516101 15,200 529,263 SH SOLE 2 529,263 0 0 BIOFUEL ENERGY CORP COM 09064Y109 17,114 20,870,450 SH SOLE 20,870,450 0 0 BIOFUEL ENERGY CORP COM 09064Y109 4,284 5,224,887 SH SOLE 1 5,224,887 0 0 BIOFUEL ENERGY CORP COM 09064Y109 880 1,073,542 SH SOLE 2 1,073,542 0 0 BP PLC SPONSORED ADR 055622104 113,193 2,564,413 SH SOLE 2,564,413 0 0 BP PLC SPONSORED ADR 055622104 21,704 491,700 SH SOLE 1 491,700 0 0 BP PLC SPONSORED ADR 055622104 12,281 278,220 SH SOLE 2 278,220 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 47,429 2,090,297 SH SOLE 2,090,297 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 7,926 349,300 SH SOLE 1 349,300 0 0 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 4,774 210,403 SH SOLE 2 210,403 0 0 CARDINAL HEALTH INC COM 14149Y108 149,720 3,640,157 SH SOLE 3,640,157 0 0 CARDINAL HEALTH INC COM 14149Y108 19,161 465,866 SH SOLE 1 465,866 0 0 CARDINAL HEALTH INC COM 14149Y108 16,821 408,977 SH SOLE 2 408,977 0 0 CARDINAL HEALTH INC COM 14149Y108 3,587 87,200 SH SOLE 3 87,200 0 0 CARDINAL HEALTH INC COM 14149Y108 63,114 1,534,500 CALL SOLE 1,534,500 0 0 CARDINAL HEALTH INC COM 14149Y108 12,174 296,000 CALL SOLE 1 296,000 0 0 CARDINAL HEALTH INC COM 14149Y108 6,972 169,500 CALL SOLE 2 169,500 0 0 CAREFUSION CORP COM 14170T101 213,955 7,587,064 SH SOLE 7,587,064 0 0 CAREFUSION CORP COM 14170T101 41,637 1,476,495 SH SOLE 1 1,476,495 0 0 CAREFUSION CORP COM 14170T101 24,730 876,965 SH SOLE 2 876,965 0 0 CAREFUSION CORP COM 14170T101 2,374 84,200 SH SOLE 3 84,200 0 0 CIT GROUP INC COM NEW 125581801 214,772 5,047,519 SH SOLE 5,047,519 0 0 CIT GROUP INC COM NEW 125581801 41,798 982,318 SH SOLE 1 982,318 0 0 CIT GROUP INC COM NEW 125581801 24,822 583,352 SH SOLE 2 583,352 0 0 CIT GROUP INC COM NEW 125581801 2,115 49,700 SH SOLE 3 49,700 0 0 CVS CAREMARK CORPORATION COM 126650100 85,786 2,499,600 SH SOLE 2,499,600 0 0 CVS CAREMARK CORPORATION COM 126650100 16,697 486,500 SH SOLE 1 486,500 0 0 CVS CAREMARK CORPORATION COM 126650100 9,915 288,900 SH SOLE 2 288,900 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 146,623 9,006,311 SH SOLE 9,006,311 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 12,210 750,000 SH SOLE 1 750,000 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 15,908 977,158 SH SOLE 2 977,158 0 0 EMPLOYERS HOLDINGS INC COM 292218104 40,216 1,946,580 SH SOLE 1,946,580 0 0 EMPLOYERS HOLDINGS INC COM 292218104 2,785 134,800 SH SOLE 1 134,800 0 0 EMPLOYERS HOLDINGS INC COM 292218104 5,033 243,620 SH SOLE 2 243,620 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 24,243 1,346,851 SH SOLE 1,346,851 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 4,620 256,652 SH SOLE 1 256,652 0 0 ENERGY PARTNERS LTD COM NEW 29270U303 2,447 135,971 SH SOLE 2 135,971 0 0 ENSCO PLC SPONSORED ADR 29358Q109 194,542 3,363,446 SH SOLE 3,363,446 0 0 ENSCO PLC SPONSORED ADR 29358Q109 37,856 654,500 SH SOLE 1 654,500 0 0 ENSCO PLC SPONSORED ADR 29358Q109 22,480 388,658 SH SOLE 2 388,658 0 0 FIFTH STREET FINANCE CORP COM 31678A103 20,450 1,531,827 SH SOLE 1,531,827 0 0 FIFTH STREET FINANCE CORP COM 31678A103 5,636 422,135 SH SOLE 1 422,135 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 ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- FIFTH STREET FINANCE CORP COM 31678A103 2,297 172,030 SH SOLE 2 172,030 0 0 FIRST SOLAR INC COM 336433107 35,353 219,800 PUT SOLE 219,800 0 0 FIRST SOLAR INC COM 336433107 6,836 42,500 PUT SOLE 1 42,500 0 0 FIRST SOLAR INC COM 336433107 3,957 24,600 PUT SOLE 2 24,600 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 6,446 381,864 SH SOLE 381,864 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 1,170 69,300 SH SOLE 1 69,300 0 0 FURIEX PHARMACEUTICALS INC COM 36106P101 656 38,836 SH SOLE 2 38,836 0 0 GENERAL MTRS CO COM 37045V100 80,998 2,610,300 SH SOLE 2,610,300 0 0 GENERAL MTRS CO COM 37045V100 15,763 508,000 SH SOLE 1 508,000 0 0 GENERAL MTRS CO COM 37045V100 9,362 301,700 SH SOLE 2 301,700 0 0 HCA HOLDINGS INC COM 40412C101 75,869 2,240,000 SH SOLE 2,240,000 0 0 HCA HOLDINGS INC COM 40412C101 14,767 436,000 SH SOLE 1 436,000 0 0 HCA HOLDINGS INC COM 40412C101 8,772 259,000 SH SOLE 2 259,000 0 0 INGRAM MICRO INC CL A 457153104 41,350 1,966,244 SH SOLE 1,966,244 0 0 INGRAM MICRO INC CL A 457153104 7,766 369,300 SH SOLE 1 369,300 0 0 INGRAM MICRO INC CL A 457153104 4,328 205,794 SH SOLE 2 205,794 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 78,765 1,991,527 SH SOLE 1,991,527 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,754 120,205 SH SOLE 1 120,205 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 8,360 211,373 SH SOLE 2 211,373 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 163,666 2,725,034 SH SOLE 2,725,034 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 30,985 515,900 SH SOLE 1 515,900 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 18,381 306,037 SH SOLE 2 306,037 0 0 M D C HLDGS INC COM 552676108 1,394 54,988 SH SOLE 54,988 0 0 M D C HLDGS INC COM 552676108 247 9,740 SH SOLE 1 9,740 0 0 M D C HLDGS INC COM 552676108 142 5,596 SH SOLE 2 5,596 0 0 MI DEVS INC CL A SUB VTG 55304X104 74,848 2,582,747 SH SOLE 2,582,747 0 0 MI DEVS INC CL A SUB VTG 55304X104 14,511 500,735 SH SOLE 1 500,735 0 0 MI DEVS INC CL A SUB VTG 55304X104 8,646 298,360 SH SOLE 2 298,360 0 0 MI DEVS INC CL A SUB VTG 55304X104 519 17,920 SH SOLE 3 17,920 0 0 MICROSOFT CORP COM 594918104 175,541 6,921,949 SH SOLE 6,921,949 0 0 MICROSOFT CORP COM 594918104 34,162 1,347,100 SH SOLE 1 1,347,100 0 0 MICROSOFT CORP COM 594918104 20,288 799,993 SH SOLE 2 799,993 0 0 NCR CORP NEW COM 62886E108 148,873 7,901,949 SH SOLE 7,901,949 0 0 NCR CORP NEW COM 62886E108 27,521 1,460,800 SH SOLE 1 1,460,800 0 0 NCR CORP NEW COM 62886E108 16,772 890,245 SH SOLE 2 890,245 0 0 NVR INC COM 62944T105 74,021 97,912 SH SOLE 97,912 0 0 NVR INC COM 62944T105 11,862 15,690 SH SOLE 1 15,690 0 0 NVR INC COM 62944T105 7,861 10,398 SH SOLE 2 10,398 0 0 PFIZER INC COM 717081103 384,861 18,949,351 SH SOLE 18,949,351 0 0 PFIZER INC COM 717081103 74,897 3,687,693 SH SOLE 1 3,687,693 0 0 PFIZER INC COM 717081103 44,480 2,190,054 SH SOLE 2 2,190,054 0 0 PFIZER INC COM 717081103 2,579 127,000 SH SOLE 3 127,000 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 17,268 2,685,564 SH SOLE 2,685,564 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 2,941 457,327 SH SOLE 1 457,327 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 1,736 269,909 SH SOLE 2 269,909 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 35,927 2,494,957 SH SOLE 2,494,957 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 6,993 485,600 SH SOLE 1 485,600 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 4,153 288,400 SH SOLE 2 288,400 0 0 SEMGROUP CORP CL A 81663A105 41,495 1,473,547 SH SOLE 1,473,547 0 0 SEMGROUP CORP CL A 81663A105 4,291 152,383 SH SOLE 1 152,383 0 0 SEMGROUP CORP CL A 81663A105 4,493 159,553 SH SOLE 2 159,553 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 198,801 42,844,980 SH SOLE 42,844,980 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 38,249 8,243,300 SH SOLE 1 8,243,300 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 22,326 4,811,720 SH SOLE 2 4,811,720 0 0 SYMMETRICOM INC COM COM 871543104 8,406 1,371,251 SH SOLE 1,371,251 0 0 SYMMETRICOM INC COM COM 871543104 1,231 200,800 SH SOLE 1 200,800 0 0 SYMMETRICOM INC COM COM 871543104 845 137,795 SH SOLE 2 137,795 0 0 TRANSATLANTIC HLDGS INC COM 893521104 4,989 102,509 SH SOLE 102,509 0 0 TRANSATLANTIC HLDGS INC COM 893521104 800 16,440 SH SOLE 1 16,440 0 0 TRANSATLANTIC HLDGS INC COM 893521104 518 10,651 SH SOLE 2 10,651 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 ---------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- TRAVELERS COMPANIES INC COM 89417E109 191,875 3,225,867 SH SOLE 3,225,867 0 0 TRAVELERS COMPANIES INC COM 89417E109 36,477 613,267 SH SOLE 1 613,267 0 0 TRAVELERS COMPANIES INC COM 89417E109 21,358 359,077 SH SOLE 2 359,077 0 0 XEROX CORP COM 984121103 107,899 10,131,378 SH SOLE 10,131,378 0 0 XEROX CORP COM 984121103 20,944 1,966,609 SH SOLE 1 1,966,609 0 0 XEROX CORP COM 984121103 12,025 1,129,113 SH SOLE 2 1,129,113 0 0 YAHOO INC COM 984332106 108,588 6,521,800 SH SOLE 6,521,800 0 0 YAHOO INC COM 984332106 21,016 1,262,200 SH SOLE 1 1,262,200 0 0 YAHOO INC COM 984332106 11,921 716,000 SH SOLE 2 716,000 0 0