David Einhorn

David Einhorn

Last Update: 05-15-2015

Number of Stocks: 43
Number of New Stocks: 7

Total Value: $7,653 Mil
Q/Q Turnover: 20%

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

David Einhorn Watch

  • A Look Into Morgan Stanley's Upgrade of General Motors

    Morgan Stanley analyst Adam Jonas recently upgraded General Motors (GM), saying that the company may consider radical strategic changes going forward as share buy backs are not working. In his latest report he wrote:


      


  • Apple, SunEdison and Biogen: Hellman, Jordan Management's Top 3 Stocks Outperform the Rise in the S&P 500 Index

    Hedge fund Hellman, Jordan Management Company, Inc disclosed an equity portfolio valued at some $548.6 million as of the end of the first quarter of 2015. The equity portfolio is mainly invested in Technology (32%), Consumer Discretionary (24%) and Health Care (17%) stocks. The fund’s last 13F filing showed that the fund raised its exposure towards consumer discretionary and tech stocks but reduced its holdings in the health care and industrials sector.


    In this article we will look into the top three picks held at the end of Q1. Among 10 largest holdings from Hellman, Jordan’s equity portfolio (which amass 37.07% of the total portfolio value), the three top are: Apple Inc. (AAPL), SunEdison, Inc. (SUNE) and Biogen Inc. (BIIB).

      


  • David Einhorn initiates a position in General Motors

    David Einhorn (Trades, Portfolio) is president of Greenlight Capital – a value-oriented investment adviser. He 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.


    Last quarter, Einhorn initiated a position in General Motors (GM) buying 9,467,986 shares of the company. General Motors is under a turnaround, and its business is improving. It has now been profitable for 21 consecutive quarters. Last quarter, GM's business delivered strong core operating performance with almost all key operating metrics including global deliveries, net income and adjusted EBIT improving.

      


  • David Einhorn Keeps Buying AerCap

    David Einhorn (Trades, Portfolio) is president of Greenlight Capital – a value-oriented investment adviser. He 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.


    Last quarter, Einhorn increased his stake in Aercap (AER) by buying 1,839,161 shares of the company. As of March 31, 2015, he was holding 5,581,800 shares of the company. The following chart shows his holding history in the company.

      


  • Insiders are buying General Motors Shares

    In the last couple of months, three different insiders have purchased General Motors’ (GM) stock. While the company’s directors Patricia F Russo and Linda R Gooden purchased 1,500 and 1,000 shares, respectively in April 2015; another director James J Mulva purchased 28,343 shares in May 2015.


    It’s not only insiders who are getting bullish on GM of late. General Motors' stock is also seeing significant interest from fund managers off late. Last quarter, David Einhorn (Trades, Portfolio) and Leon Cooperman (Trades, Portfolio) initiated a position in the company while several other fund managers including George Soros (Trades, Portfolio), David Tepper (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) increased their holdings in the company.

      


  • David Einhorn's Top 5 New Stock Buys

    David Einhorn (Trades, Portfolio) of hedge fund Greenlight Capital announced his first quarter buys this week but also told shareholders in his first quarter letter that he drastically reduced his long exposure from 30% to 14%.


    The letter, obtained by Marketfolly, went on to say: "Bottom up: short candidates are easy to find ... the opportunity set on the long side is quite constrained. Top-down: Valuations are on the high side and earnings are in a precarious spot."

      


  • David Einhorn Adds to stake in Civeo Corp

    David Einhorn (Trades, Portfolio) is the founder of Greenlight Capital, a $7,653 million’s portfolio hedge fund composed of 43 stocks.


    After his first buy on 2014 Q2 and his increase by 73.19% on Q4 (same year), on May 05 2015 he slashed his stake of Civeo Corp (CVEO) by 70.80% getting back now to 3,111,878 shares held with an average price of $12.12/share. He is now holding CVEO with an average loss of 26% (9% of which was accumulated since that sale).

      


  • David Einhorn Doubles Stake in Chicago Bridge & Iron

    Chicago Bridge and Iron (CBI) stock jumped 8% in Friday’s trading after Bloomberg reported that Anadarko Petroleum Corp (APC) is poised to select a construction team led by Chicago Bridge & Iron Co. as its main contractor for a potential $15 billion Mozambique liquefied natural gas project. Chicago Bridge & Iron’s current backlog is ~$30 bn and this win may help it significantly increase its backlog and revenue visibility in the near term. Further, Anadarko proceeding with this project will also reassure investors who are worried about the fate of energy mega-projects amid the oil market downturn.


    Chicago Bridge and Iron is trading at 9.68 time current year earnings and analysts are expecting its top and bottomline to decline slightly over the next year. A win of the size of Mozambique LNG project may help the company grow its revenue next year, instead of slight decline which analysts are modeling. So, there is a good chance of the next year numbers getting revised upwards when the deal is formally announced.

      


  • Halyard Health is a Long-Term Winner

    On October 31, 2014, Halyard Health (HYH) was spun off of Kimberly-Clark (KMB). Kimberly-Clark had planned on spinning the business into a separate entity a couple of years ago to better focus on its core consumer and professional brands.


    While HYH shares performed very well following the separation, shares are down over 15% from its highs.

      


  • Energy Guru Boone Pickens Addresses David Einhorn's Attack On Frackers

    This week David Einhorn (Trades, Portfolio) called out North American fracking companies.

    What does T. Boone Pickens a man who saw his first frack job in 1952 think about Einhorn's comments?   





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