David Einhorn

David Einhorn

Last Update: 2014-11-14

Number of Stocks: 47
Number of New Stocks: 12

Total Value: $6,931 Mil
Q/Q Turnover: 16%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

David Einhorn' s Profile & Performance

Profile

David Einhorn is President of Greenlight Capital (a value-oriented investment advisor). Through August 2006, Einhorn had achieved annual returns of 29% since starting Greenlight in May of 1996.

Web Page:http://www.greenlightcapital.com/

Investing Philosophy

Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor, taking positions in companies, and then pushing management to implement changes.

Total Holding History

Performance of Greenlight Re

YearReturn (%)S&P500 (%)Excess Gain (%)
201319.631.55-11.9
20127.115.4-8.3
20112.12.080.0
3-Year Cumulative30.8 (9.4%/year)55 (15.7%/year)-24.2 (-6.3%/year)
20101115.06-4.1
200932.126.465.6
5-Year Cumulative91.8 (13.9%/year)125.5 (17.7%/year)-33.7 (-3.8%/year)
2008-17.6-3719.4
20075.95.610.3
200624.415.798.6
200514.24.919.3
20045.212-6.8
10-Year Cumulative150.1 (9.6%/year)104.1 (7.4%/year)46 (2.2%/year)

Top Ranked Articles

Ira sohn Investment Conference Notes
Greetings. Yesterday (May 26, 2010) was the 2010 Ira Sohn Investment Conference. The conference is run by Doug Hirsch and Dan Nir and it remembers Ira Sohn, who died of cancer after a brief Wall Street career. The proceeds go to help pediatric cancer treatment centers including, The Tomorrows Children Fund at Hackensack Medical Center and NY Presbyterian Hospital/Weill Cornell Medical Center. You can get more information at http://www.irasohnconference.com/ Read more...
Slideshows From The Value Investing congress
This will be my last article on the value investing congress. Read more...
10 Reasons Why a Stock Can Be Undervalued
If you find a stock that you believe is undervalued, it is important to try to determine the reason for the undervaluation. As Buffett wrote about poker in his 1987 letter to shareholders, "If you've been in the game 30 minutes and you don't know who the patsy is, you're the patsy." Read more...
Will David Einhorn Buy Marvell Again as Price Drops Further?
David Einhorn makes few investing mistakes. Since he reported his second-quarter portfolio, only one of his stocks is cheaper today than when he bought it: Marvell Technology Group Ltd. (MRVL). When the price declined 28 percent in the second quarter, Einhorn said he used it as “an opportunity to increase our stake in the company.” His colleague Daniel Loeb of Third Point, meanwhile, exited his position. As the stock continued a 19 percent slide in the third quarter (42 percent year to date), it left many to wonder if it is still the deal Einhorn thought it was. Read more...
Recent Thoughts on Market Valuations
It seems that most of what I read these days points to an overheated market. Here is a breakdown of what a couple well-known and respected managers (and one college professor) have said on the topic as of late: Read more...
» More David Einhorn Articles

Commentaries and Stories

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A Closer Look at Market Vectors Gold Miners ETF
In this article, let´s take a look at Market Vectors Gold Miners ETF (GDX) which is a favorite ETF for David Einhorn (Trades, Portfolio). As of Dec. 31, 2013, hedge fund Greenlight Capital owned 8.8 million shares. More...

ETF, Gold, Market Vectors Gold Miners ETF


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Miners Are an Attractive Substitute for Gold Exposure
In this article, let´s take a look at Market Vectors Gold Miners ETF (GDX) which is a favorite ETF for David Einhorn (Trades, Portfolio). As of Dec. 31, 2013, hedge fund Greenlight Capital owned 8.8 million shares. More...

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Top Is Near For Apple Shares
Equity markets ended roughly flat on Tuesday as a surprise drop in U.S. consumer confidence numbers offset positive economic growth figures. More...

APPLE, STOCKS, SHORT


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Ron Baron Explains What To Look For In a Company That's Built To Last
What should investors look for when trying to find great companies that they can own for decades? Ron Baron (Trades, Portfolio) thinks the place to start is management. More...

Ron Baron, David Einhorn, Video, Value investing, Long


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Technology Guru Peter Thiel Discusses David Einhorn's Short of Amazon
Over the long term, Peter Thiel would not bet against Jeff Bezos and Amazon.com. David Einhorn (Trades, Portfolio) disagrees as he is shorting the still profit-less Amazon. More...

Peter Thiel, David Einhorn, Amazon


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David Einhorn 2014 Ira Sohn Conference Presentation
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The Importance of Capital Intensity and Thoughts From Einhorn
It seems as though there has been a debate ongoing within the value investing community pertaining to ROE, ROIC and net-nets. At one end of the spectrum we have the argument that value investors are throwing in the towel and buying anything with a high ROE while using 20+ years discounted cash flows to support their thesis. The central argument is, there is no margin of safety if one pays more than NCAV or liquidation value. At the other end of the spectrum we hear that the most profitable way to invest over the long-term is continually buying and selling assets trading below NCAV, P/B or low P/E. I do agree that assets available below NCAV, low P/B or low P/E can be profitable, but we must ask ourselves why is Mr. Market willing to offer us a business at a price that values the business higher dead than alive? More...

DAVID EINHORN, WARREN BUFFETT


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David Einhorn Becomes Half Owner, Chairman of Homebuilder David Einhorn - David Einhorn Becomes Half Owner, Chairman Of Homebuilder
David Einhorn (Trades, Portfolio) on Monday made a major purchase of his stock BioFuel Energy Corp, upping the position to 15,650,727 shares from 1,427,825 shares – a 996.1% increase. More...

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David Einhorn Sees Opportunities In The Recent Choppy Market
David Einhorn (Trades, Portfolio) has been frustrated at the lack of opportunities in recent months. The recent selloff has him excited about some positions that he has been able to pick up. More...

David Einhorn, Greenlight Capital


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Invest In These Hedge Funds At A Discount David Einhorn, Daniel Loeb, Bill Ackman - Invest In These Hedge Funds At A Discount
As of the close on 10/13/2014, Greenlight Reinsurance (GLRE), Third Point Reinsurance (TPRE), and Pershing Square Holdings (AEX:PSH) were selling at discounted prices compared to their book values. These three companies are led by 3 of the top investing gurus we follow, David Einhorn, Daniel Loeb, and Bill Ackman. More...

Hedge, Hedge fund, Greenlight Reinsurance, Third Point Reinsurance, Pershing Square Holdings


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David Einhorn Buys 10% of Civeo Corp, Calls to Oust CEO David Einhorn - David Einhorn Buys 10% Of Civeo Corp, Calls To Oust CEO
Greenlight Capital founder David Einhorn (Trades, Portfolio) has raised his bet on one of his holdings, Civeo Corp (CVEO) by 73.2%, according to GuruFocus Real Time Picks. More...

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Top Movers of the Day: Nike and Micron Technologies
Nike (NKE) and Micron Technologies (MU), a manufacturer of semiconductor memory chips, were the top two movers on Sept. 26 after the stocks jumped almost 9% and 6%, respectively. More...

NIKE, MICRON, MICRON TECHNOLOGIES, MOVERS


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Ten Stocks Picked By Super Investors And You Can Buy At A Lower Price Than The Gurus Paid
It is important to learn from the best and clone their strategy, as noted by Mohnish Pabrai (Trades, Portfolio) of the Pabrai Investments. This author compiled a list of 60 Super Investors, with a combined asset of $428B under management, based on data from dataroma.com. Every manager in the list has a long and successful track record. A few of them, like David Einhorn (Trades, Portfolio), Bill Ackman (Trades, Portfolio), Lou Simpson (Trades, More...

LONG


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What ROE Tells Me About DSW Inc.?
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of DSW Inc. (DSW). More...

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BIOF Biofuel Energy Corp Significantly Undervalued Short Thesis is Wrong David Einhorn,Warren Buffett - BIOF Biofuel Energy Corp Significantly Undervalued Short Thesis Is Wrong
This article is response to a article written by New Capital on Seeking Alpha on the July 21, 2014 titled, "BioFuel Energy – Day Traders Pushed The Price Above Reasonable Limits." More...

BIOF BIOFUEL ENERGY CORP UNDERVALUED


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Pardon my mistake – Einhorn likely to speak on GMCR at Robin Hood
At the end of July, I did a rather detailed analysis on coat-tailing David Einhorn (Trades, Portfolio)'s Keurig Green Mountain short. More...

SHORT, COFFEE, ROBIN HOOD, CONFERENCE


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SunEdison Surprised Wall Street: It´s Time to Be Long on Energy Finance
In this article, let's take a look at SunEdison, Inc. (SUNE), a $5.76 billion market cap solar company, in which some months ago the hedge fund manager David Einhorn (Trades, Portfolio) disclosed a "large" long position, according to Bloomberg News. More...

ENERGY


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5 Minimal Peter Cundill-Like Moves For Your Portfolio
Have you read the book There's Always Something to Do by Christopher Russo-Gill? More...

VALUE INVESTING, TIM MELVIN,


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5-year lows: ARMOUR Residential REIT, EXCO Resources, Fifth Street Finance, and Atlas Resource Partners
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: ARMOUR Residential REIT Inc, EXCO Resources Inc, Fifth Street Finance Corp, and Atlas Resource Partners LP. More...

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Investing Gurus To Follow For The Next 30 Years David Einhorn,Carl Icahn - Investing Gurus To Follow For The Next 30 Years
At GuruFocus we follow many of the top investment managers around the globe. I like to follow the investing gurus that are in control of a publicly traded company that I can buy. The gurus I follow include Warren Buffett (Berkshire Hathaway, BRK.A), Carl Icahn (Icahn Enterprises, IEP) and Prem Watsa (Fairfax Financial, TSX:FFH, FRFHF). All of their stocks have performed well over the years. We can still make money with these gurus, but for how long? Warren Buffett (Trades, Portfolio) is 83 years old and Carl More...

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User Comments

Utonates@gmail.com
ReplyUtonates@gmail.com - 3 weeks ago
hihi i http://www.gurufocus.com/stock/TSE:8308&summary mentioned that David Einhorn (Trades, Portfolio) bought huge stakes in Resona holdings but why is it not reflected in his portfolio?

Wofwof
ReplyWofwof - 1 month ago
I am happy to find this site and have read this information. This is really great site! I’ll definitely be back for updates.
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