Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
David Einhorn

David Einhorn

Greenlight Capital
Last Update: 2013-05-15

Number of Stocks: 38
Number of New Stocks: 6

Total Value: $6,553 Mil
Q/Q Turnover: 13%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:
Add to Personalized Guru List Email Alerts RSS Update

David Einhorn Watch

  • Einhorn Increases AAPL and Decreases Nine

    by Monica Wolfe - May 17, 2013
    David Einhorn - Einhorn Increases AAPL And Decreases Nine David Einhorn is president of Greenlight Capital (a value-oriented investment advisor). GuruFocus notes in his investment philosophy that Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions.

    Einhorn’s current portfolio consists of 38 stocks (6 new), valued at over $6.553 billion. In the most recent quarter, David Einhorn increased his holdings in one stock and decreased his holdings in nine companies. Highlighted below is Einhorn’s one increase as well as his top five decreased holdings.  Continue Reading »


  • David Einhorn Buys Ira Sohn Recommendation, 5 Others

    by Holly LaFon - May 16, 2013
    David Einhorn - David Einhorn Buys Ira Sohn Recommendation, 5 Others When not busy suing Apple and probably lamenting the sell-off in gold, of which his Greenlight Capital Management has a major holding, David Einhorn bought six new stocks in the first quarter of 2013. The hedge fund manager returned 6.1% in the first quarter, lagging the S&P 500 Index, which continued its rally another 10%.

    In April, Einhorn was also honored as one of Time Magazine’s 100 Most Influential People.  Continue Reading »


  • David Einhorn’s Stopped Shorts

    by Holly LaFon - May 13, 2013
    David Einhorn - David Einhorn’s Stopped Shorts David Einhorn has been known to pull down celebrated companies from their lofty heights with a single presentation showcasing their ill-boding fundamental and market flaws based on research from his hedge fund, Greenlight Capital. Chipotle (CMG), Herbalife (HLF) and Green Mountain Coffee Roasters (GMCR) have all been Einhorn targets.

    While GuruFocus does not catalogue the short positions of most gurus because they are not required to disclose them, it can be informative to look at the ones they report occasionally in their quarterly letters.  Continue Reading »


  • David Einhorn Comments on Oil States International

    by Holly LaFon - May 13, 2013
    We initiated a long position in Oil States International (OIS), a solutions provider for the oil and gas industry, at an average price of $77.16 per share. OIS has four business segments: Well Site Services, Tubular Services, Offshore Products, and Accommodations.

    We believe that the company trades at a significant discount to the sum of its parts. Though the shares trade at slightly less than 7x 2013 EBITDA (a multiple typically associated with its lower multiple businesses), the majority of its profits come from Accommodations, which is a high-growth, high return-on-capital segment that deserves a much higher valuation. At 8.6x 2013 EBITDA, an appropriate multiple given a sum of the parts analysis of OIS’s business mix and where comparable companies trade, OIS would be worth close to $120 per share. We believe that OIS could unlock significant shareholder value by converting the Accommodations unit into a REIT and separating it from the rest of the company; if completed, it would suggest a valuation of $155 per share.  Continue Reading »


  • David Einhorn Comments on Evonik

    by - May 13, 2013
    We initiated a long position in Evonik (Germany: EVK) [color=#444444; font-family: arial, sans-serif; font-size: small; line-height: 16px](GR:EVK), [/color]a global chemical business, through a private placement at an effective price of €29.13 per share, ahead of a public listing in April. EVK has a high quality portfolio of chemical assets in the U.S., Europe and Asia, including market leadership in methionine, a high margin, high structural growth business that tracks the demand for animal feed. EVK’s business is less cyclical than that of its European peers as demonstrated by its positive EBITDA growth each year even during the recession. EVK is currently in the middle of a capital investment cycle that we believe will enable it to grow its earnings power from €2.50 in 2012 to €4.00 per share in 2015/2016. We think that its combination of secular growth, superior asset quality, and low cyclicality makes EVK the premier European chemical company, which deserves a re-rating to a premium multiple.

    From David Einhorn's 2013 first quarter investor letter.  Continue Reading »


  • David Einhorn Comments on Marvel (MRVL)

    by - May 13, 2013
    (MRVL) reversed its 2012 decline as investors began to pay attention to MRVL’s prospects for share gains in controllers for hard disk drives and flash memory drives, as well as its new processor for cell phones and tablets. The company should see significant fixed operating leverage in 2013, as it has been carrying the cost of the investments in these products without any corresponding revenue until now. The company has also continued to buy back stock aggressively, adding to the potential earnings leverage.

    From David Einhorn's first quarter 2013 letter.  Continue Reading »


  • David Einhorn Comments on Vodafone

    by - May 13, 2013
    In addition to MRVL and the Yen, Vodafone (UK: VOD)(VOD) was another material winner during the quarter. It is now clear that Verizon does in fact want to buy VOD’s 45% interest in Verizon Wireless. We can hear them now. We believe that a premium sale followed by a successful return and/or redeployment of the proceeds could unlock substantial value latent in VOD stock. VOD without Verizon Wireless might also become a good acquisition target for AT&T. During the quarter VOD shares advanced from £1.54 to £1.87.

    From David Einhorn's first quarter 2013 letter.  Continue Reading »


  • David Einhorn Comments on Green Mountain Coffee Roasters

    by Holly LaFon - May 13, 2013
    The other significant loser in the quarter was Green Mountain Coffee Roasters (GMCR). We would love to be the “Credentialed Bear” that gets invited to ask tough questions at its annual shareholder meeting, but we aren’t waiting by our iPhones. Shares of GMCR increased from $41.34 to $56.76 in the quarter.

    From David Einhorn's first quarter 2013 letter.  Continue Reading »


  • David Einhorn Comments on Apple

    by Holly LaFon - May 13, 2013
    David Einhorn - David Einhorn Comments On Apple (AAPL) shares fell from $532 to $443 during the quarter. The biggest problems with our AAPL investment are disappointing earnings and a diminished forecast. When AAPL announced its year-end result, it made clear that it would earn less in the March quarter than it did a year ago. Forward estimates have been falling for a while. Last July, consensus estimates for fiscal 2014 were $64 per share; estimates now stand at $44. When we thought the company would earn $64 per share, the shares seemed cheap even as they reached $700 in September. Of course, that required AAPL to meet that forecast.

    Our thesis is that AAPL has a terrific operating platform, engendering a loyal, sticky and growing customer base that will make repeated purchases of an expanding AAPL product offering. Unfortunately, there have been a series of disappointments including slower sales growth, lower margins, and increased competition. There have also been delays in new carrier wins, next generation product introductions, and new product category launches. While all of these have had an understandably negative impact on AAPL’s share price, we take a longer view and believe our thesis is intact.  Continue Reading »


  • Greenlight Capital David Einhorn's First Quarter Letter to Investors

    by Canadian Value - May 13, 2013
    David Einhorn - Greenlight Capital David Einhorn's First Quarter Letter To Investors From David Einhorn's Greenlight Capital, as of May 8, 2013:  Continue Reading »


  • Billionaire David Einhorn Takes Profits In Marvell Tech

    by mdhargrave - Apr 14, 2013
    The title sounds bad right? Einhorn has owned Marvell Technology (MVRL) since he first started buying up the stock during the third quarter of 2011. Recent news broke that Einhorn sold off some 1.27 million shares of Marvell at around $10.16 per share, worth some $12.9 million. Should investors consider this sale as the change in his opinion about Marvell? Should we turn bearish on Marvell now?

    Much of the news that hit the wire when Einhorn sold some of his Marvell stake over blew the story, when in reality, he was merely freeing up some capital in what turns out to be a selloff of less than 2.5% of his entire Marvell stake. The shares sold off by Einhorn and Greenlight are just a small fraction of its total stake in the semiconductor company; his sentiment about the stock appears to be quite bullish based on his history with the stock and his recent investor letter.  Continue Reading »


  • David Einhorn Discusses the Implications of the Actions of the Federal Reserve

    by Canadian Value - Apr 12, 2013
    The following is David Einhorn's introduction to an article that he wrote for the Huffington Post several months ago with respect to the policies of Ben Bernanke and the Federal Reserve:

      Continue Reading »


  • Billionaire David Einhorn's Big Moves: Apple (AAPL), Google (GOOG) And More

    by mdhargrave - Mar 24, 2013
    Be sure to check out our detailed stock analysis (click here).

    Billionaire David Einhorn, founder of value-oriented hedge fund Greenlight Capital, managed to return some 21.5% annually through 2010 (since he started Greenlight in 1991). Greenlight and Einhorn employ a fundamental approach to investing, focusing on intrinsic value. During the fourth quarter last year, Einhorn reiterated his confidence in a couple of his top picks by adding to his positions, notably keeping a certain tech giant as his top pick, while also betting on a couple other tech companies. Let's take a look at some of Einhorn's most notable trades (check out Einhorn's top picks).  Continue Reading »


  • When David Einhorn Talks, Markets Listen... Usually

    by CanadianValue - Mar 22, 2013
    An article on our favorite short-seller, David Einhorn, from Bloomberg Businessweek:

      Continue Reading »


  • Billionaire David Einhorn's Big Moves: Apple (AAPL), Google (GOOG) and More

    by mdhargrave - Mar 21, 2013
    Billionaire David Einhorn, founder of value-oriented hedge fund Greenlight Capital, managed to return some 21.5% annually through 2010 (since he started Greenlight in 1991). Greenlight and Einhorn employ a fundamental approach to investing, focusing on intrinsic value. During the fourth quarter last year, Einhorn reiterated his confidence in a couple of his top picks by adding to his positions, notably keeping a certain tech giant as his top pick, while also betting on a couple other tech companies. Let's take a look at some of Einhorn's most notable trades.

    Einhorn increased his Apple (AAPL) position, upping his shares 15%, keeping the tech giant as his top stock pick, which now makes up 10.8% of Greenlight's portfolio.  Continue Reading »


  • David Einhorn's Presentation to Apple Shareholders

    by CanadianValue - Feb 22, 2013
    David Einhorn's Apple Presentation

      Continue Reading »


  • David Einhorn Gains 3% and Loses on Shorts in January – Greenlight Re Earnings Call Transcript

    by Holly LaFon - Feb 20, 2013
    David Einhorn - David Einhorn Gains 3% And Loses On Shorts In January – Greenlight Re Earnings Call Transcript David Einhorn’s comments from Greenlight’s fourth quarter and year-end 2012 conference call of Feb. 20, 2013:

    David Einhorn: The Greenlight Re investment portfolio lost 4.4% in the fourth quarter of 2012, which lowered our 2012 return to 7.1%. This was a disappointing result in a generally favorable investing environment. In the fourth quarter losses in our short portfolio included Green Mountain Coffee Roasters (GMCR), Moody’s and companies sensitive to declining iron ore prices, which accounted for more than all of the losses in the quarter. The long portfolio showed slight gains, as General Motors and other longs outpaced losses in Apple and Marvel Technologies. Our macro positions were also slightly positive, with gains on a weakening yen exceeded losses on gold and various other positions. In January, the investment portfolio gained 3%, helped by a recovery in Marvel, which reversed about half of its 2012 loss. January also had contributions from the yen continuing to weaken and from gains in long investments in Vodafone and the Dutch insurer Delta Lloyd. The short portfolio lost money in January.  Continue Reading »


  • David Einhorn Buys Google, Vodafone and Western Digital

    by Holly LaFon - Feb 15, 2013
    David Einhorn - David Einhorn Buys Google, Vodafone And Western Digital David Einhorn, value investor and head of hedge fund Greenlight Capital, bought three new stocks in the fourth quarter: Google Inc. (GOOG), Vodafone Group Plc (VOD) and Western Digital Corp. (WDC). Greenlight Capital since inception in May 1996 has returned 19.4% on annualized basis, net of fees and expenses, after underperforming the market being up 8.3% 2012. New Buys

    Google Inc. (GOOG)  Continue Reading »


  • David Einhorn's Letter to Apple Shareholders

    by CanadianValue - Feb 08, 2013
    Einhorn Urges Apple Shareholders

      Continue Reading »


  • Greenlight's Einhorn Talks Apple on Bloomberg TV: TRANSCRIPT

    by Bloomberg - Feb 07, 2013
    David Einhorn, president of Greenlight Capital, told Bloomberg TV's Erik Schatzker and Stephanie Ruhle on "Market Makers" today that "several hundred dollars per share would be unlocked if Apple (AAPL) were to follow through on this suggestion…It doesn't put the company at risk. It's not financial leverage in the sense that debt's considered to be."

    Einhorn said: "The call I had with them yesterday was very friendly, a very good tone of voice. I had a nice conversation with Tim [Cook] on this topic. He said he wants to review this proposal, wants me to meet with him and their advisers.. "  Continue Reading »


Total Records: 159   Page:1 2 3 4 5 6 7 8 Next Page

Top Ranked Articles




GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK