Greenlight Capital, an investment management firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the Greenlight Capital funds returned 1.1% net of fees and expenses, compared to 5.9% for the S&P 500 index. The firm experienced a peaceful quarter due to prudent positioning and modest equity beta exposure. Greenlight Capital's both longs and shorts rose marginally less than the market. The macro portfolio saw a solid quarter due to the significant increase in gold prices. The portfolio was lost on equities index hedging. In addition, please check the fund's top five holdings to know its best picks in 2024.