David Einhorn of Greenlight Capital Inc. reported his Q4 portfolio. As of 12/31/2010, Greenlight Capital Inc owns 39 stocks with a total value of $4.9 billion. These are the details of the buys and sells.
Einhorn is making a lot of news lately with his short positions in St. Joe (JOE). The drama over JOE is far from over as Bruce Berkowitz resigned from Joe’s board abruptly today.
Einhorn commented on his positions BP, Sprint Nextel, Pfizer etc in his latest shareholder letter. You can read the details here.
This is the portfolio chart of David Einhorn. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: S, BP, LYB, POT, SEMG,
- Added Positions: GDX, IM, BDX,
- Reduced Positions: CIT, HNT, VRGY, BAGL,
- Sold Out: RAH,
This is the sector weightings of his portfolio:
| Financials | 18.7% |
| Technology | 17.2% |
| Health Care | 14% |
| Oil & Gas | 13.2% |
| Consumer Services | 11.8% |
| Telecommunications | 4.8% |
| Industrials | 2.2% |
| Consumer Goods | 1.8% |
| Basic Materials | 1.5% |
These are the top 5 holdings of David Einhorn
- ENSCO PLC (ESV) - 9,011,604 shares, 9.73% of the total portfolio.
- PFIZER INC. (PFE) - 23,154,098 shares, 8.2% of the total portfolio.
- CIT GROUP INC. NEW (CIT) - 7,337,889 shares, 6.99% of the total portfolio. Shares reduced by 30.71%
- CAREFUSION CORP. (CFN) - 13,374,724 shares, 6.95% of the total portfolio.
- Apple Inc. (AAPL) - 837,500 shares, 5.46% of the total portfolio.
Added: Market Vectors Gold Miners Etf (GDX, Financial)
David Einhorn added to his holdings in Market Vectors Gold Miners Etf by 37.3%. His purchase prices were between $54.28 and $63.8, with an estimated average price of $59. The impact to his portfolio due to this purchase was 1.2%. His holdings were 3,546,971 shares as of 12/31/2010.
Market Vectors Gold Miners Etf has a market cap of $678.3 million; its shares were traded at around $56.46 . The dividend yield of Market Vectors Gold Miners Etf stocks is 4.3%.
Added: Ingram Micro Inc. (IM, Financial)
David Einhorn added to his holdings in Ingram Micro Inc. by 43.95%. His purchase prices were between $16.85 and $19.25, with an estimated average price of $18.04. The impact to his portfolio due to this purchase was 0.3%. His holdings were 2,541,338 shares as of 12/31/2010.
Ingram Micro, Inc. is one of the distributors of information technology products and services worldwide. Ingram Micro Inc. has a market cap of $3.11 billion; its shares were traded at around $19.85 with a P/E ratio of 10.1 and P/S ratio of 0.1. Ingram Micro Inc. had an annual average earning growth of 7.3% over the past 10 years.
Added: Becton Dickinson And Co. (BDX, Financial)
David Einhorn added to his holdings in Becton Dickinson And Co. by 7.63%. His purchase prices were between $73.67 and $85.32, with an estimated average price of $78.79. The impact to his portfolio due to this purchase was 0.23%. His holdings were 1,933,500 shares as of 12/31/2010.
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Co. has a market cap of $18.46 billion; its shares were traded at around $81.59 with a P/E ratio of 15.9 and P/S ratio of 2.5. The dividend yield of Becton Dickinson And Co. stocks is 2%. Becton Dickinson And Co. had an annual average earning growth of 14% over the past 10 years. GuruFocus rated Becton Dickinson And Co. the business predictability rank of 5-star.
New Purchase: Sprint Nextel Corp. (S, Financial)
David Einhorn initiated holdings in Sprint Nextel Corp.. His purchase prices were between $3.72 and $4.85, with an estimated average price of $4.22. The impact to his portfolio due to this purchase was 4.78%. His holdings were 55,900,000 shares as of 12/31/2010.
Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel Corp. has a market cap of $13.58 billion; its shares were traded at around $4.55 with and P/S ratio of 0.4.
New Purchase: Bp P.l.c. (BP, Financial)
David Einhorn initiated holdings in Bp P.l.c.. His purchase prices were between $40 and $44.44, with an estimated average price of $42.11. The impact to his portfolio due to this purchase was 2.98%. His holdings were 3,334,333 shares as of 12/31/2010.
BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $146.23 billion; its shares were traded at around $46.69 with a P/E ratio of 6.6 and P/S ratio of 0.5. The dividend yield of Bp P.l.c. stocks is 4.5%. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.
New Purchase: Lyondellbasell Ind Nv Ord Shs Cl A (LYB, Financial)
David Einhorn initiated holdings in Lyondellbasell Ind Nv Ord Shs Cl A. His purchase prices were between $26 and $33.76, with an estimated average price of $29.39. The impact to his portfolio due to this purchase was 1.79%. His holdings were 2,575,000 shares as of 12/31/2010.
LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. Lyondellbasell Ind Nv Ord Shs Cl A has a market cap of $21.16 billion; its shares were traded at around $37.4 .
New Purchase: Potash Corp. Of Saskatchewan Inc. (POT, Financial)
David Einhorn initiated holdings in Potash Corp. Of Saskatchewan Inc.. His purchase prices were between $134.63 and $152.52, with an estimated average price of $142.72. The impact to his portfolio due to this purchase was 1.19%. His holdings were 379,000 shares as of 12/31/2010.
Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $56.54 billion; its shares were traded at around $189.94 with a P/E ratio of 31.1 and P/S ratio of 8.6. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.2%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan Inc. the business predictability rank of 2.5-star.
New Purchase: Semgroup Corp. (SEMG, Financial)
David Einhorn initiated holdings in Semgroup Corp.. His purchase prices were between $24.93 and $27.74, with an estimated average price of $26.86. The impact to his portfolio due to this purchase was 1.05%. His holdings were 1,915,000 shares as of 12/31/2010.
SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. Semgroup Corp. has a market cap of $1.19 billion; its shares were traded at around $29.1 .
New Purchase: Capitol Federal Financial Inc (CFFN)
David Einhorn initiated holdings in Capitol Federal Financial Inc. His purchase prices were between $23.09 and $26.44, with an estimated average price of $24.03. The impact to his portfolio due to this purchase was 0.02%. His holdings were 100,000 shares as of 12/31/2010.
Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Financial Inc has a market cap of $2.04 billion; its shares were traded at around $12.2 with a P/E ratio of 32.7 and P/S ratio of 5. The dividend yield of Capitol Federal Financial Inc stocks is 2.5%.
Reduced: Cit Group Inc. New (CIT, Financial)
David Einhorn reduced to his holdings in Cit Group Inc. New by 30.71%. His sale prices were between $39.46 and $47.05, with an estimated average price of $42.29. The impact to his portfolio due to this sale was -3.1%. David Einhorn still held 7,337,889 shares as of 12/31/2010.
CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. New has a market cap of $9.64 billion; its shares were traded at around $48.15 with and P/S ratio of 2.4.
Reduced: Health Net Inc. (HNT, Financial)
David Einhorn reduced to his holdings in Health Net Inc. by 35.45%. His sale prices were between $25.04 and $29.35, with an estimated average price of $27.11. The impact to his portfolio due to this sale was -0.69%. David Einhorn still held 2,260,670 shares as of 12/31/2010.
Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net Inc. has a market cap of $2.96 billion; its shares were traded at around $31 with a P/E ratio of 12.3 and P/S ratio of 0.2. Health Net Inc. had an annual average earning growth of 5.5% over the past 5 years.
Reduced: Verigy Ltd. (VRGY, Financial)
David Einhorn reduced to his holdings in Verigy Ltd. by 48.87%. His sale prices were between $7.79 and $13.64, with an estimated average price of $10.08. The impact to his portfolio due to this sale was -0.38%. David Einhorn still held 1,503,078 shares as of 12/31/2010.
Verigy Ltd. designs, develops, manufactures, sells and services advanced test systems and solutions for the memory and system-on-chip segments of the semiconductor industry. Verigy Ltd. has a market cap of $816 million; its shares were traded at around $13.6 with a P/E ratio of 25.2 and P/S ratio of 1.5.
Sold Out: Ralcorp Holdings Inc. (RAH)
David Einhorn sold out his holdings in Ralcorp Holdings Inc.. His sale prices were between $58.6 and $65.21, with an estimated average price of $62.1.
Ralcorp Holdings, Inc. is primarily engaged in the manufacturing, distribution and marketing of private label and branded ready-to-eat cereal products and snacks, branded and private label crackers and cookies, and branded baby food and juices. Ralcorp Holdings Inc. has a market cap of $3.51 billion; its shares were traded at around $63.87 with a P/E ratio of 13.4 and P/S ratio of 0.9. Ralcorp Holdings Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Ralcorp Holdings Inc. the business predictability rank of 3.5-star.
Sold Out: Foster Wheeler Ag (FWLT)
David Einhorn sold out his holdings in Foster Wheeler Ag. His sale prices were between $22.65 and $35, with an estimated average price of $28.22.
Foster Wheeler AG, formerly Foster Wheeler Limited, along with its subsidiaries provide construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, and power plant operation and maintenance sectors worldwide. Foster Wheeler Ag has a market cap of $4.84 billion; its shares were traded at around $38.98 with a P/E ratio of 18.5 and P/S ratio of 1.
Sold Out: Oritani Financial Corp. (ORIT)
David Einhorn sold out his holdings in Oritani Financial Corp.. His sale prices were between $9.91 and $12.55, with an estimated average price of $11.09.
Oritani Financial Corp. is the holding company for Oritani Savings Bank, a savings bank offering a full range of retail and commercial loan and deposit products. Oritani Financial Corp. has a market cap of $719.4 million; its shares were traded at around $12.8 with a P/E ratio of 27 and P/S ratio of 4.3. The dividend yield of Oritani Financial Corp. stocks is 3.1%.
