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David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of September 30, 2020. Greenlight's seventeen new buys during the third quarter included, by size of position, Synnex (SNX), NCR Corp. (NCR), Twitter (TWTR), Intel (INTC), and Ingredion (INGR). The fund exited four positions during the quarter, including by size of previous position Tempur Sealy (TPX), EchoStar (SATS), Whirlpool (WHR), and Exela Technologies (XELA). Greenlight increased its stake in five holdings, including by size of previous position SPDR Gold Shares (GLD), Atlas Air Worldwide (AAWW), Jack in the Box (JACK), Resideo Technologies (REZI), and Neubase Therapeutics (NBSE). The fund reduced its stake in eight holdings, including by size of previous position AerCap Holdings (AER), VanEck Vectors Gold Miners ETF (GDX), Gulfport Energy (GPOR), CNX Resources (CNX), and API Group (APG). Greenlight's top holdings as of September 30, 2020, in order of size, were Green Brick (GRBK), Brighthouse Financial (BHF), Atlas Air, Change Healthcare (CHNG), and AerCap Holdings.

NCR Corp. said, "We continue to navigate through the challenging times presented by COVID-19, with a sharp focus on safeguarding our employees and helping our customers. Despite the unprecedented environment, our teams are executing at a high level and we are advancing our strategy. While it is difficult to project how disruptive and protracted the pandemic will be, we do expect it will negatively impact our business for the remainder of 2020 and into 2021. We expect all of our segment results to be negatively impacted by the COVID-19 pandemic. We expect our hardware revenues to be most impacted while our recurring revenue streams is expected to be more resilient. The COVID-19 pandemic is complex and rapidly evolving. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, as well as any additional governmental and public actions taken in response. We are in the process of evaluating the long-term impact that COVID-19 may have on our business model which may result in charges in the fourth quarter of 2020. These charges may include both cash and non-cash items. There can be no assurance that the measures we have taken or will take will completely offset the negative impact of COVID-19.

The company said, "We are taking steps to reduce our finance leverage and simplify our capital structure. In August, we closed two new bond offerings for $650 million at 5.00% and $450 million at 5.25% with maturities of 8- and 10- years. We used a portion of the proceeds to redeem the $600 million 5.00% senior notes and the $700 million 6.375% senior notes. In total, we redeemed $1.3 billion of debt and issued $1.1 billion of debt to delever by $200 million. At the beginning of the fourth quarter we repurchased 132,000 shares of the outstanding Series A Convertible Preferred Stock for $144 million, which represented approximately 32% of NCR's outstanding convertible preferred stock. Additionally, early in the fourth quarter, we paid down $470 million of the revolver based on the strong free cash flow performance year to date and our confidence in the outlook for our business."

In its third quarter letter to investors, David Einhorn's Greenlight Capital disclosed that it took new long positions in Synnex (SNX) and NCR Corp. (NCR) as well as Germany's AMS AG (AMSSY). "The Greenlight Capital funds returned 5.9% in the third quarter compared to 8.9% for the S&P 500 Index. [...] Green Brick Partners (GRBK) was the primary driver of this quarter's results. The shares advanced from $11.85 to $16.10. Housing appears to be a major beneficiary from the pandemic, as low interest rates combined with an expanded preference for single-family detached housing has spurred demand. [...] We established medium-sized new long positions in Synnex, ams AG, and NCR Corporation. [...] We did not have any significant portfolio exits," the letter reads. "At quarter-end, the largest disclosed long positions in the Partnerships were AerCap [AER], Atlas Air Worldwide [AAWW], Brighthouse Financial [BHF], Change Healthcare [CHNG] and Green Brick Partners. The Partnerships had an average exposure of 138% long and 80% short," Greenlight's letter to investors stated.