Greenlight Capital Exited Its Long-Term Investment in Teck Resources (TECK)

Greenlight Capital, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Greenlight Capital funds returned -3.6% in the quarter, net of fees and expenses, compared to 8.1% for the S&P 500 index. The fund returned 0.4% in YTD compared to 14.8% for the index. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, Greenlight Capital highlighted stocks such as Teck Resources Limited (NYSE:TECK). Headquartered in Vancouver, Canada, Teck Resources Limited (NYSE:TECK) engages in the exploration, acquisition, development, production, and sale of natural resources. The one-month return of Teck Resources Limited (NYSE:TECK) was -5.22%, and its shares lost 12.44% of their value over the last 52 weeks. On October 27, 2025, Teck Resources Limited (NYSE:TECK) stock closed at $41.80 per share, with a market capitalization of $20.412 billion.

Greenlight Capital stated the following regarding Teck Resources Limited (NYSE:TECK) in its third quarter 2025 investor letter:

“After just over five years, we exited our investment in Teck Resources Limited (NYSE:TECK) with a large gain. Some of you will remember that we pitched this at the Sohn Investment Conference in 2021, and since then the thesis has mostly played out. The company divested its metallurgical (met) coal business, completed its capital spending program and opened the huge new Quebrada Blanca mine in Chile. Copper prices have strengthened and the company transitioned to returning capital to shareholders.