David Einhorn

David Einhorn

Last Update: 04-18-2016

Number of Stocks: 48
Number of New Stocks: 15

Total Value: $5,456 Mil
Q/Q Turnover: 28%

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

David Einhorn Watch

  • Einhorn Sells 75% of SunEdison Stake for Mere Pennies

    In an updated filing, David Einhorn (Trades, Portfolio)’s Greenlight Capital reported cutting its stake in SunEdison (SUNE) by 75% April 15, selling more than 15.8 million shares. Greenlight is left with a little over 5 million shares in the solar energy company.


    SunEdison has been entangled in a legal mess over its attempt to acquire Vivint Solar (NYSE:VSLR) for $2.2 billion. SunEdison, which regularly sells projects to TerraForm Power (NASDAQ:TERP), would pass its current portfolio of rooftop solar products to one of TerraForm’s subsidiaries under the agreement. The situation was pummeled when David Tepper (Trades, Portfolio)’s Appaloosa Management, which held a large stake in TerraForm, sued SunEdison for breach of fiduciary duty, writing a letter questioning the value of the portfolio and whether it benefited only SunEdison.

      


  • David Einhorn Slashes Stake in SunEdison

    On April 4, guru and founder of Greenlight Capital David Einhorn (Trades, Portfolio) slashed 15,819,739 shares from his stake in SunEdison Inc. (SUNE) at an average price of 37 cents per share. In the second quarter of 2014, Einhorn owned as many as 24,844,588 shares of SunEdison. He purchased 20,338,307 shares of the company during 2014 at an average price of $19.12 per share.


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  • Why Dan Loeb Is Adding to His Green Brick Position

    Green Brick Partners (NASDAQ:GRBK) is a land development company with a bank of land in favorable parts of the Dallas and Atlanta areas. In addition it owns controlling interests (of exactly 50%) in four homebuilding companies.


    The company was set up and customized around 2008 by guru David Einhorn (Trades, Portfolio), of Greenlight Capital and Jim Brickman, who was going to lead it. Brickman has 35 years of experience in the business. Einhorn owns ~50% of the equity and Brickman around 10% through various names. They called it Green Brick. Get it?

      


  • Daniel Loeb Adds to Stake in Green Brick Partners

    Daniel Loeb (TradesPortfolio) added 99,943 shares to his stake in Green Brick Partners Inc. (NASDAQ:GRBK) on April 8.


    Green Brick Partners (formerly known as BioFuel Energy Corp.) was incorporated as a Delaware corporation on April 11, 2006. The company began its original operations with the intention of solely investing in BioFuel Energy LLC, a limited liability company organized on Jan. 25, 2006. The company's goal was to build and operate ethanol production facilities in the Midwestern U.S.

      


  • The Art of Piggybacking

    Piggybacking has been a topic that has been discussed frequently these days. Fellow writer the Science of Hitting’s recent article is quite illuminating and definitely worth reading. Inspired by him, I wrote this article to share my observations and thoughts on this subject.


    When I first started investing, I piggybacked many gurus and very frequently. I remember the days when I saw David Einhorn (Trades, Portfolio) or Mason Hawkins (Trades, Portfolio) initiating a position in a stock, and within a few hours I became an owner that the same stock. When I saw Exco (NYSE:XCO) was bought by Prem Watsa (Trades, Portfolio), Howard Marks (Trades, Portfolio) and Wilbur Ross (Trades, Portfolio), I put a good amount of money in it without even finishing up reading the 10-K.

      


  • Primecap Management Adds to Stake in Micron Technology

    PRIMECAP Management added 4,477,472 shares to its stake in Micron Technology Inc. (NASDAQ:MU) in the first quarter


    Micron Technology is a global leader in the semiconductor industry. The company was originally incorporated in October 1978 in Boise, Idaho. Since the company was founded over 35 years ago, it has produced more than 20,000 patents in more than 20 countries, and it employs over 30,000 people worldwide.

      


  • David Tepper Wants to Clean Up TerraForm Power

    David Tepper (TradesPortfolio) and Appaloosa Management have said through an amended lawsuit that several TerraForm Power (NASDAQ:TERP) directors and SunEdison (SUNE) have dismantled TerraForm’s corporate governance and conflicts committee and replaced it with a “sham committee” so SunEdison could take advantage of TerraForm and its stockholders.


    Appaloosa wants Peter Blackmore, Jack Jenkins-Stark and Christopher Compton to be removed from TerraForm's Conflicts Committee. Appaloosa also wants CEO Brian Wuebbels out. Wuebbels is also SunEdison's CFO, but SunEdison earlier announced he would be replaced as CFO in April.

      


  • Best Performing Guru Stocks

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    Ctrip.com International Ltd. (CTRP) has a market cap of $13.57 billion, and during the last 12 months has outperformed the S&P 500 Index by 47.2%. Currently, five gurus are holding the company that declined 4% year-to-date but gained 112% during the last five years. It is now trading with a P/E ratio of 41.50 and according to the DCF calculator, it looks overpriced by 88%.

      


  • David Einhorn's Top 3 Positions Include Apple, General Motors and Time Warner

    David Einhorn (Trades, Portfolio)'s Greenlight Capital disclosed an equity portfolio valued at some $5.47 billion as of the end of the fourth quarter of 2015. The equity portfolio is mainly invested in Consumer Discretionary (33%), Technology (20%) and Industrials (18%) stocks.


    Among the 10 largest holdings from Greenlight Capital’s equity portfolio (which amass 59.07% of the total portfolio value) at the end of December, the top three are: Apple Inc. (NASDAQ:AAPL), General Motors Co. (NYSE:GM) and Time Warner Inc. (NYSE:TWX).

      


  • Leading Stocks of Last Year Decline Year to Date

    Last year many investors holding value stocks were bruised by losses, while growth investors outperformed them for the year and on a five-year average annual basis, using the iShares S&P 500 Growth and Value ETFs as a rough measure. Though it is unsure what it will mean for investors sticking to value, at least in the first few months of this year some of the leading high-growth, high-valuation tech names they mainly shunned have fallen off their pedestal.


    Most notably, the highest returning stock of 2015, Netflix (NASDAQ:NFLX), has declined 14.2% year to date. The stock gained 134% for the year as one of the few propping up the S&P 500’s returns. With its 350.7 P/E ratio and declining earnings estimates, David Einhorn (Trades, Portfolio) of Greenlight Capital disagreed with the market’s perception too early and shorted the stock last year, weighing on his returns.

      


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