BOSTON (TheStreet) -- The hedge fund Greenlight Capital, run by David Einhorn, has returned 22% annually, on average, since its 1996 inception, outperforming U.S. stock benchmarks by wide margins. Here are three of Einhorn's favorite small-cap stocks.
2. NVR ( NVR) is a homebuilder and mortgage banker, specializing in single-family homes, townhouses and condominiums in the Washington, D.C., and Baltimore areas. During the first quarter, Greenlight purchased 55,617 shares, or 0.9% of the float.
1. URS Corp. ( URS) provides engineering and technical services to power, infrastructure and industrial markets. Since 2007, the company has increased revenue 34% annually. Greenlight cut its position in URS by half during the first quarter, but still owns 2.2% of the float.