Hedge Fund Greenlight Capital Reports Q2 Portfolio

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Aug 15, 2011
Renowned hedge fund manager David Einhorn reported his second quarter portfolio. Einhorn made many trades during the second quarter. He added to his positions in out of favor techs such as Microsoft. He exits his position in Yahoo as discussed in his latest shareholder letter. As of 06/30/2011, Greenlight Capital owns 37 stocks with a total value of $4.7 billion. These are the details of the buys and sells.

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.



For the details of David Einhorn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Einhorn

This is the sector weightings of his portfolio:

Technology24.1%
Health Care14.7%
Not Assigned13.4%
Consumer Services12.4%
Oil & Gas9.3%
Financials7.9%
Telecommunications6.4%
Consumer Goods4.1%
Industrials2.8%
Basic Materials0.2%


These are the top 5 holdings of David Einhorn

  1. Pfizer Inc. (PFE) - 23,454,098 shares, 10.3235% of the total portfolio. Shares reduced by 6.01%
  2. Microsoft Corp. (MSFT) - 14,819,042 shares, 8.2325% of the total portfolio. Shares added by 63.4%
  3. Apple Inc. (AAPL) - 1,077,500 shares, 7.7281% of the total portfolio. Shares added by 28.66%
  4. Sprint Nextel (S) - 55,900,000 shares, 6.4378% of the total portfolio.
  5. CareFusion Corp. (CFN) - 9,524,724 shares, 5.5295% of the total portfolio. Shares reduced by 4.99%


Added: Microsoft Corp. (MSFT, Financial)

David Einhorn added to his holdings in Microsoft Corp. by 63.4%. His purchase prices were between $23.705 and $26.71, with an estimated average price of $25.04. The impact to his portfolio due to this purchase was 3.19%. His holdings were 14,819,042 shares as of 06/30/2011.

Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $211.66 billion; its shares were traded at around $25.19 with a P/E ratio of 9.51 and P/S ratio of 3.03. The dividend yield of Microsoft Corp. stocks is 2.55%. Microsoft Corp. had an annual average earnings growth of 14.4% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4.5-star.

Added: Seagate Technology (STX, Financial)

David Einhorn added to his holdings in Seagate Technology by 251.96%. His purchase prices were between $14.25 and $18.22, with an estimated average price of $16.37. The impact to his portfolio due to this purchase was 2.84%. His holdings were 11,505,373 shares as of 06/30/2011.

Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate Technology has a market cap of $5.09 billion; its shares were traded at around $11.56 with a P/E ratio of 9.63 and P/S ratio of 0.46. The dividend yield of Seagate Technology stocks is 6.08%.

Added: Apple Inc. (AAPL, Financial)

David Einhorn added to his holdings in Apple Inc. by 28.66%. His purchase prices were between $315.32 and $353.009, with an estimated average price of $337.64. The impact to his portfolio due to this purchase was 1.72%. His holdings were 1,077,500 shares as of 06/30/2011.

Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $348.62 billion; its shares were traded at around $373.7 with a P/E ratio of 14.92 and P/S ratio of 5.34. Apple Inc. had an annual average earnings growth of 59.8% over the past 5 years.

Added: Best Buy Co. Inc. (BBY, Financial)

David Einhorn added to his holdings in Best Buy Co. Inc. by 14.79%. His purchase prices were between $28.15 and $32.48, with an estimated average price of $30.63. The impact to his portfolio due to this purchase was 0.6%. His holdings were 6,887,600 shares as of 06/30/2011.

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $8.85 billion; its shares were traded at around $24.95 with a P/E ratio of 6.82 and P/S ratio of 0.18. The dividend yield of Best Buy Co. Inc. stocks is 2.53%. Best Buy Co. Inc. had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Best Buy Co. Inc. the business predictability rank of 4.5-star.

Added: Ingram Micro Inc. Cl A (IM, Financial)

David Einhorn added to his holdings in Ingram Micro Inc. Cl A by 47.56%. His purchase prices were between $17 and $21.5, with an estimated average price of $18.91. The impact to his portfolio due to this purchase was 0.47%. His holdings were 3,750,000 shares as of 06/30/2011.

Ingram Micro, Inc. is one of the distributors of information technology products and services worldwide. Ingram Micro Inc. Cl A has a market cap of $2.75 billion; its shares were traded at around $17 with a P/E ratio of 9.19 and P/S ratio of 0.08. Ingram Micro Inc. Cl A had an annual average earnings growth of 12.9% over the past 10 years.

New Purchase: Huntington Ingalls Industries (HII, Financial)

David Einhorn initiated holdings in Huntington Ingalls Industries. His purchase prices were between $34.82 and $40.5, with an estimated average price of $37.92. The impact to his portfolio due to this purchase was 1.76%. His holdings were 2,390,000 shares as of 06/30/2011.

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U. Huntington Ingalls Industries has a market cap of $1.37 billion; its shares were traded at around $27.83 .

New Purchase: Marathon Oil Corp. (MRO, Financial)

David Einhorn initiated holdings in Marathon Oil Corp.. His purchase prices were between $49.06 and $54.17, with an estimated average price of $51.69. The impact to his portfolio due to this purchase was 1.64%. His holdings were 1,452,700 shares as of 06/30/2011.

Marathon Oil Corporation is an energy company engaged in the worldwide exploration, production and transportation of crude oil and natural gas. Marathon Oil Corp. has a market cap of $18.98 billion; its shares were traded at around $26.43 with a P/E ratio of 5.67 and P/S ratio of 0.26. The dividend yield of Marathon Oil Corp. stocks is 3.75%. Marathon Oil Corp. had an annual average earnings growth of 10.5% over the past 10 years.

New Purchase: Aeropostale Inc. (ARO, Financial)

David Einhorn initiated holdings in Aeropostale Inc.. His purchase prices were between $17.15 and $26.26, with an estimated average price of $21.18. The impact to his portfolio due to this purchase was 1.28%. His holdings were 3,434,370 shares as of 06/30/2011.

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting fourteen to seventeen year-old young women and men. Aeropostale Inc. has a market cap of $959.84 million; its shares were traded at around $11.79 with a P/E ratio of 5.21 and P/S ratio of 0.4. Aeropostale Inc. had an annual average earnings growth of 31.8% over the past 10 years.

New Purchase: State Bank Financial Corp.. (STBZ, Financial)

David Einhorn initiated holdings in State Bank Financial Corp... His purchase prices were between $16.37 and $17.9, with an estimated average price of $16.89. The impact to his portfolio due to this purchase was 0.73%. His holdings were 2,100,000 shares as of 06/30/2011.

State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. State Bank Financial Corp.. has a market cap of $432.75 million; its shares were traded at around $13.9 with and P/S ratio of 2.16.

Reduced: Bp Plc Ads (BP, Financial)

David Einhorn reduced to his holdings in Bp Plc Ads by 26.01%. His sale prices were between $41.8 and $46.86, with an estimated average price of $44.4. The impact to his portfolio due to this sale was -0.74%. David Einhorn still held 2,467,166 shares as of 06/30/2011.

BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp Plc Ads has a market cap of $126.32 billion; its shares were traded at around $39.7 with a P/E ratio of 5.64 and P/S ratio of 0.41. The dividend yield of Bp Plc Ads stocks is 4.18%. Bp Plc Ads had an annual average earnings growth of 10.1% over the past 10 years.

Reduced: Employers Holdings (EIG, Financial)

David Einhorn reduced to his holdings in Employers Holdings by 58.04%. His sale prices were between $15.61 and $20.87, with an estimated average price of $17.5. The impact to his portfolio due to this sale was -0.54%. David Einhorn still held 975,539 shares as of 06/30/2011.

EMPLOYERS HOLDING is a group of companies providing workers compensation insurance and services to select, small American businesses. Employers Holdings has a market cap of $484.72 million; its shares were traded at around $12.94 with a P/E ratio of 17.22 and P/S ratio of 1.17. The dividend yield of Employers Holdings stocks is 1.91%.

Reduced: Semgroup Corp. Cl A (SEMG, Financial)

David Einhorn reduced to his holdings in Semgroup Corp. Cl A by 39.39%. His sale prices were between $24.39 and $28.88, with an estimated average price of $26.53. The impact to his portfolio due to this sale was -0.38%. David Einhorn still held 1,082,152 shares as of 06/30/2011.

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. Cl A has a market cap of $802.25 million; its shares were traded at around $19.26 with and P/S ratio of 0.49.

Reduced: Amdocs Ltd. (DOX)

David Einhorn reduced to his holdings in Amdocs Ltd. by 53.07%. His sale prices were between $28.67 and $30.75, with an estimated average price of $29.65. The impact to his portfolio due to this sale was -0.15%. David Einhorn still held 237,177 shares as of 06/30/2011.

Amdocs is a provider of customer care, billing and order management systems for communications and Internet services. Amdocs Ltd. has a market cap of $5.09 billion; its shares were traded at around $27.69 with a P/E ratio of 12.75 and P/S ratio of 1.71. Amdocs Ltd. had an annual average earnings growth of 6.8% over the past 10 years. GuruFocus rated Amdocs Ltd. the business predictability rank of 4-star.

Sold Out: Cit Group Inc. (CIT)

David Einhorn sold out his holdings in Cit Group Inc.. His sale prices were between $39.6 and $44.33, with an estimated average price of $42.38.

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $6.95 billion; its shares were traded at around $35 with a P/E ratio of 30.96 and P/S ratio of 1.09.

Sold Out: Cardinal Health Inc. (CAH)

David Einhorn sold out his holdings in Cardinal Health Inc.. His sale prices were between $40.65 and $45.54, with an estimated average price of $43.82.

Cardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $14.33 billion; its shares were traded at around $40.48 with a P/E ratio of 15.31 and P/S ratio of 0.14. The dividend yield of Cardinal Health Inc. stocks is 2.1%. Cardinal Health Inc. had an annual average earnings growth of 1.5% over the past 10 years.

Sold Out: Yahoo! Inc. (YHOO)

David Einhorn sold out his holdings in Yahoo! Inc.. His sale prices were between $14.695 and $18.65, with an estimated average price of $16.33.

Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $17.7 billion; its shares were traded at around $12.86 with a P/E ratio of 16.77 and P/S ratio of 2.8.

Sold Out: Xerox Corp. (XRX)

David Einhorn sold out his holdings in Xerox Corp.. His sale prices were between $9.4 and $10.88, with an estimated average price of $10.17.

Xerox Corporation is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. Xerox Corp. has a market cap of $11.22 billion; its shares were traded at around $7.99 with a P/E ratio of 7.93 and P/S ratio of 0.52. The dividend yield of Xerox Corp. stocks is 2.12%.

Sold Out: Mi Developments Inc. Cl A (MIM)

David Einhorn sold out his holdings in Mi Developments Inc. Cl A. His sale prices were between $27.02 and $30.81, with an estimated average price of $29.75.

MI Developments Inc. is a real estate operating company engaged in the ownership, management, leasing, development and acquisition of industrial and commercial real estate properties located in North America and Europe. Mi Developments Inc. Cl A has a market cap of $1.3 billion; its shares were traded at around $27.22 with and P/S ratio of 3.63. The dividend yield of Mi Developments Inc. Cl A stocks is 1.42%.

Sold Out: Transatlantic Holdings Inc. (TRH)

David Einhorn sold out his holdings in Transatlantic Holdings Inc.. His sale prices were between $44.01 and $50.6, with an estimated average price of $47.73.

Transatlantic Holdings, through its wholly-owned subsidiaries, Transatlantic Reinsurance Company, Trans Re Zurich, and Putnam, offers reinsurance capacity for a full range of property and casualty products on a treaty and facultative basis, directly and through brokers, to insurance and reinsurance companies, in both the domestic and international markets. Transatlantic Holdings Inc. has a market cap of $3.13 billion; its shares were traded at around $50.27 with a P/E ratio of 28.98 and P/S ratio of 0.72. The dividend yield of Transatlantic Holdings Inc. stocks is 1.68%.

Sold Out: M.d.c. Holdings Inc. (MDC)

David Einhorn sold out his holdings in M.d.c. Holdings Inc.. His sale prices were between $24.18 and $29.19, with an estimated average price of $26.2.

M.D.C. HOLDINGS, INC. is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. M.d.c. Holdings Inc. has a market cap of $828.17 million; its shares were traded at around $17.28 with and P/S ratio of 0.86. The dividend yield of M.d.c. Holdings Inc. stocks is 5.71%.