|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
David Einhorn Underperformed in 2012
Posted by: matsandalex (IP Logged)
Date: January 4, 2013 10:38PM
It was recently reported that Greenlight Capital, managed by David Einhorn, greatly underperformed the benchmark indices in 2012.
Einhorn's fund was only up 8.3% in 2012 while the S&P was up 13.4% in the same period.
Coming into December, Einhorn's fund was up double digits but a rough December saw his fund lose 2.8% in December.
Specifically, Einhorn watched gains in Apple (AAPL) disappear during the month of December. Apple was a huge part of Einhorn's portfolio at over 13%. Apple shares were hit hard amid fears of a slowdown in sales for the iPhone 5.
In addition, Einhorn had a big bet on gold in 2012 that produced only small gains. As of last quarter, 5.3% of his portfolio was in the gold ETF (GDX). Gold had a rough December with rumors that John Paulson was selling to meet liquidation orders.
Guru Discussed: David Einhorn: Current Portfolio, Stock Picks
Stocks Discussed: AAPL, GDX,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.