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David Einhorn Buys Dr Pepper Snapple Group Inc., TERADATA CORP, Covidien Ltd., Sells Discover Financial Services, SAIC Inc., MBIA Inc.

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Greenlight Capital's David Einhorn is a smart guy. He has been shorting financials such Lehman Brothers etc. These are his buys and sells during the second quarter. David Einhorn owns 29 stocks with a total value of $2.6 billion.

David Einhorn buys Dr Pepper Snapple Group Inc., TERADATA CORP, Covidien Ltd., UnitedHealth Group Inc., FIFTH STREET FINANCE CORP, Republic Airways Holdings Inc., VeraSun Energy Corp., sells Discover Financial Services, SAIC Inc., MBIA Inc., Flamel Technologies S.A., US BioEnergy Corp. during the 3-months ended 06/30/2008, according to the most recent filings of his investment company, Greenlight Capital Inc. David Einhorn owns 29 stocks with a total value of $2.6 billion. These are the details of the buys and sells.

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

Added: Helix Energy Solutions Group Inc. (HLX)

David Einhorn added to his holdings in Helix Energy Solutions Group Inc. by 12.51%. His purchase prices were between $32.53 and $40.87, with an estimated average price of $37. The impact to his portfolio due to this purchase was 1.23%. His holdings were 7,017,093 shares as of 06/30/2008.

Helix Energy Solutions Group Inc. is a leading marine contractor and operator of offshore oil and gas properties and production facilities. The company seeks to align the interests of the producer and the contractor by investing in mature offshore oil and gas properties hub production facilities and proven undeveloped reserve plays where Helix Energy Solutions Group adds value by deploying vessels from its diverse contracting fleet. This unique integration of marine contracting and oil and gas operations is designed to add stability to revenues and earnings in an industry as cyclical as energy. Helix Energy Solutions Group Inc. has a market cap of $2.72 billion; its shares were traded at around $29.59 with a P/E ratio of 7.65 and P/S ratio of 1.40.

Added: WellPoint Inc. (WLP)

David Einhorn added to his holdings in WellPoint Inc. by 137.67%. His purchase prices were between $46 and $55.82, with an estimated average price of $51. The impact to his portfolio due to this purchase was 1.19%. His holdings were 1,135,000 shares as of 06/30/2008.

WellPoint Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. WellPoint Inc. is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado Connecticut Georgia Indiana Kentucky Maine Missouri Nevada New Hampshire Ohio Virginia (excluding the Northern Virginia suburbs of Washington D.C.) Wisconsin; and through HealthLink and UniCare. WellPoint Inc. has a market cap of $29.44 billion; its shares were traded at around $57.57 with a P/E ratio of 10.50 and P/S ratio of 0.46.

Added: Dana Holding Corp. (DAN)

David Einhorn added to his holdings in Dana Holding Corp. by 248.13%. His purchase prices were between $5.45 and $12.21, with an estimated average price of $10. The impact to his portfolio due to this purchase was 0.51%. His holdings were 3,537,002 shares as of 06/30/2008.

DANA HOLDING CORP is a world leader in the supply of axles; driveshafts; and structural sealing and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle and engine manufacturer in the global automotive commercial vehicle and off-highway markets. Dana Holding Corp. has a market cap of $654.04 million; its shares were traded at around $6.55 with a P/E ratio of 4.90 and P/S ratio of 0.07.

Added: Health Management Associates Inc. (HMA)

David Einhorn added to his holdings in Health Management Associates Inc. by 4.16%. His purchase prices were between $5.66 and $7.76, with an estimated average price of $6.9. The impact to his portfolio due to this purchase was 0.22%. His holdings were 21,973,842 shares as of 06/30/2008.

Health Management Associates Inc. provides a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40000 to 300000 people in the southeastern and southwestern UnitedStates. Health Management Associates Inc. has a market cap of $1.46 billion; its shares were traded at around $5.97 with a P/E ratio of 7.72 and P/S ratio of 0.31.

Added: ECHOSTAR CORPORATION (SATS)

David Einhorn added to his holdings in ECHOSTAR CORPORATION by 8.2%. His purchase prices were between $28.37 and $38, with an estimated average price of $32.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 1,931,816 shares as of 06/30/2008.

ECHOSTAR CORP is a publicly traded company. They intend to operate two primary businesses a digital set-top box business and a fixed satellite services business. Their set-top box business designs develops and distributes set-top boxes and related products for direct-to-home satellite service providers. ECHOSTAR CORPORATION has a market cap of $2.85 billion; its shares were traded at around $31.65 with a P/E ratio of 15.99 and P/S ratio of 1.20.

Added: Sears Holdings Corp. (SHLD)

David Einhorn added to his holdings in Sears Holdings Corp. by 877.39%. His purchase prices were between $74.75 and $105.61, with an estimated average price of $91.8. The impact to his portfolio due to this purchase was 0.03%. His holdings were 11,240 shares as of 06/30/2008.

Sears Holdings Corporation the parent of Kmart and Sears Roebuck and Co. is the leading home appliance retailer in North America and is a retail sales leader in tools lawn and garden home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore Craftsman and DieHard and a broad apparel offering including such well-known labels as Lands' End Jaclyn Smith and Joe Boxer as well as the Apostrophe and Covington brands. Sears Holdings Corp. has a market cap of $12.28 billion; its shares were traded at around $93.03 with a P/E ratio of 23.68 and P/S ratio of 0.25.

New Purchase: Dr Pepper Snapple Group Inc. (DPS)

David Einhorn initiated holdings in Dr Pepper Snapple Group Inc.. His purchase prices were between $21.6 and $26.5, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 5.78%. His holdings were 7,284,200 shares as of 06/30/2008.

DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture market and distribute more than 50 brands of carbonated soft drinks juices ready to drink teas mixers and other premium beverages across the United States Canada Mexico and the Caribbean. Dr Pepper Snapple Group Inc. has a market cap of $6.04 billion; its shares were traded at around $23.82 with a P/E ratio of 12.21 and P/S ratio of 1.02.

New Purchase: TERADATA CORP (TDC)

David Einhorn initiated holdings in TERADATA CORP. His purchase prices were between $21.52 and $27.01, with an estimated average price of $23.6. The impact to his portfolio due to this purchase was 3.3%. His holdings were 3,775,000 shares as of 06/30/2008.

Teradata Corporation is the world's largest company focused on raising intelligence through data warehousing and enterprise analytics. Teradata is located in more than forty countries. Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.Number of employees in Teradata Corporation is 5300 TERADATA CORP has a market cap of $4.49 billion; its shares were traded at around $24.95 with a P/E ratio of 20.72 and P/S ratio of 2.57.

New Purchase: Covidien Ltd. (COV)

David Einhorn initiated holdings in Covidien Ltd.. His purchase prices were between $44.86 and $49.93, with an estimated average price of $47.6. The impact to his portfolio due to this purchase was 3.08%. His holdings were 1,700,000 shares as of 06/30/2008.

Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures distributes and services a diverse range of industry-leading product lines including Surgical Devices Energy-Based Devices Respiratory and Monitoring Solutions Patient Care and Safety Products Imaging Solutions Pharmaceutical Products Medical Supplies and Retail Products. Covidien Ltd. has a market cap of $27.04 billion; its shares were traded at around $53.88 with a P/E ratio of 27.45 and P/S ratio of 2.76. The dividend yield of Covidien Ltd. stocks is 1.19%.

New Purchase: UnitedHealth Group Inc. (UNH)

David Einhorn initiated holdings in UnitedHealth Group Inc.. His purchase prices were between $26.01 and $37.25, with an estimated average price of $32.9. The impact to his portfolio due to this purchase was 1.94%. His holdings were 1,955,000 shares as of 06/30/2008.

UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities including medical information management health benefit administration care coordination risk assessment and pricing health benefit design and provider contracting. With these capabilities it is able to provide comprehensive health care management services through organized health systems and insurance products. UnitedHealth Group Inc. has a market cap of $40.19 billion; its shares were traded at around $33.01 with a P/E ratio of 11.18 and P/S ratio of 0.50. The dividend yield of UnitedHealth Group Inc. stocks is 0.09%.

New Purchase: FIFTH STREET FINANCE CORP (FSC)

David Einhorn initiated holdings in FIFTH STREET FINANCE CORP. His purchase prices were between $10.26 and $12.25, with an estimated average price of $11.1. The impact to his portfolio due to this purchase was 0.83%. His holdings were 2,140,736 shares as of 06/30/2008.

FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments. FIFTH STREET FINANCE CORP has a market cap of $ million; its shares were traded at around $10.61 .

New Purchase: Republic Airways Holdings Inc. (RJET)

David Einhorn initiated holdings in Republic Airways Holdings Inc.. His purchase prices were between $9.1 and $21.54, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.32%. His holdings were 965,789 shares as of 06/30/2008.

Republic Airway is a holding company that operates Chautauqua Airlines Inc. and Republic Airline Inc. Republic Airways Holdings Inc. has a market cap of $327.68 million; its shares were traded at around $9.59 with a P/E ratio of 3.86 and P/S ratio of 0.22.

New Purchase: VeraSun Energy Corp. (VSE)

David Einhorn initiated holdings in VeraSun Energy Corp.. His purchase prices were between $4.5 and $8.42, with an estimated average price of $6.3. The impact to his portfolio due to this purchase was 0.28%. His holdings were 1,767,311 shares as of 06/30/2008.

VERASUN ENERGY is a leading producer of renewable fuel. They has more than one billion gallons per year of production capacity through 11 operating ethanol production facilities. Six facilities are currently either under construction or development with a combined capacity of 660 million gallons per year Upon completion of the new facilities. VeraSun Energy Corp. has a market cap of $1.13 billion; its shares were traded at around $7.2 with a P/E ratio of 18.23 and P/S ratio of 0.55.

Reduced: Energy Partners Ltd. (EPL)

David Einhorn reduced to his holdings in Energy Partners Ltd. by 30.98%. His sale prices were between $10.26 and $15.83, with an estimated average price of $13.6. The impact to his portfolio due to this sale was -0.19%. David Einhorn still held 1,091,596 shares as of 06/30/2008.

Energy Partners Ltd. is an independent oil and natural gas exploration and production company. The company's operations are focused in the shallow to moderate depth waters of the central region of the Gulf of Mexico Shelf. (Company Press Release) Energy Partners Ltd. has a market cap of $377.89 million; its shares were traded at around $11.79 with P/S ratio of 0.91.

Reduced: URS Corp. (URS)

David Einhorn reduced to his holdings in URS Corp. by 34.14%. His sale prices were between $35.84 and $47.81, with an estimated average price of $43. The impact to his portfolio due to this sale was -1.38%. David Einhorn still held 2,552,228 shares as of 06/30/2008.

URS Corporation offers a broad range of planning design and program and construction management services for transportation hazardous waste industrial processing and petrochemical general building and water/wastewater projects. The company operates in countries with employees providing engineering services to federal state and local governmental agencies as well as private clients in the chemical manufacturing pharmaceutical forest products mining oil and gas and utilities industries. (PRESS RELEASE) URS Corp. has a market cap of $3.96 billion; its shares were traded at around $46.91 with a P/E ratio of 19.25 and P/S ratio of 0.51.

Reduced: PATRIOT COAL CORP (PCX)

David Einhorn reduced to his holdings in PATRIOT COAL CORP by 51.24%. His sale prices were between $28.2 and $75.31, with an estimated average price of $48.9. The impact to his portfolio due to this sale was -1.85%. David Einhorn still held 1,250,000 shares as of 06/30/2008.

PATRIOT COAL CORPORATION is a leading producer and marketer of coal in the Eastern United States with eight company-operated mines two joint venture mines and numerous contractor-operated mines in Appalachia and the Illinois Basin. The company ships to electric utilities industrial users and metallurgical coal customers. The company's common stock trades on the New York Stock Exchange under the symbol PCX. PATRIOT COAL CORP has a market cap of $4.07 billion; its shares were traded at around $52.66 with P/S ratio of 3.56.

Reduced: Microsoft Corp. (MSFT)

David Einhorn reduced to his holdings in Microsoft Corp. by 33.68%. His sale prices were between $27.49 and $29.99, with an estimated average price of $28.8. The impact to his portfolio due to this sale was -3.47%. David Einhorn still held 9,911,300 shares as of 06/30/2008.

Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $253.91 billion; its shares were traded at around $27.81 with a P/E ratio of 14.90 and P/S ratio of 4.22. The dividend yield of Microsoft Corp. stocks is 1.58%.

Sold Out: Discover Financial Services (DFS)

David Einhorn sold out his holdings in Discover Financial Services. His sale prices were between $13.57 and $18.76, with an estimated average price of $16.8. The impact to his portfolio due to this sale was less than 0.01%.

Discover Financial Services operates the Discover Card with more than fifty million cardmembers the Discover Network with millions of merchant and cash access locations and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs as well as POS terminals nationwide. Discover Financial Services has a market cap of $7.48 billion; its shares were traded at around $15.61 with a P/E ratio of 16.31 and P/S ratio of 1.74. The dividend yield of Discover Financial Services stocks is 1.54%.

Sold Out: Flamel Technologies S.A. (FLML)

David Einhorn sold out his holdings in Flamel Technologies S.A.. His sale prices were between $9.32 and $10.8, with an estimated average price of $10. The impact to his portfolio due to this sale was less than 0.01%.

Flamel Technologies S.A. is principally engaged in the development of advanced polymer technologies for unique medicinal applications. To meet important medical needs and develop commercially valuable products they are building on their primary technology platforms: the Medusa system for the controlled peritoneal delivery of proteins and peptides and the Micropump system for the controlled delivery of certain oral drugs. (press release) Flamel Technologies S.A. has a market cap of $226.22 million; its shares were traded at around $9.4 with P/S ratio of 5.55.

Sold Out: SAIC Inc. (SAI)

David Einhorn sold out his holdings in SAIC Inc.. His sale prices were between $18.62 and $21.12, with an estimated average price of $19.8. The impact to his portfolio due to this sale was less than 0.01%.

SAIC INC is a scientific engineering and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world in national security energy and the environment critical infrastructure and health. The company's approximately 40000 employees serve customers in the Department of Defense the intelligence community the U.S. Department of Homeland Security other U.S. Government civil agencies and selected commercial markets. SAIC Inc. has a market cap of $7.79 billion; its shares were traded at around $19.13 with a P/E ratio of 18.29 and P/S ratio of 0.82.

Sold Out: US BioEnergy Corp. (USBE)

David Einhorn sold out his holdings in US BioEnergy Corp.. The impact to his portfolio due to this sale was less than 0.01%.

US BioEnergy Corp. has a market cap of $ million; its shares were traded at around $5.9 .

Sold Out: MBIA Inc. (MBI)

David Einhorn sold out his holdings in MBIA Inc.. His sale prices were between $4.17 and $13.61, with an estimated average price of $8.8. The impact to his portfolio due to this sale was less than 0.01%.

MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds asset-backed and mortgage-backed securities investor-owned utility bonds and collateralized obligations of sovereigns corporations and financial institutions both in the new issue and secondary markets are provided through the Company's wholly-owned subsidiary MBIA Insurance Corporation. MBIA Inc. has a market cap of $3.07 billion; its shares were traded at around $11.22 . The dividend yield of MBIA Inc. stocks is 6.06%.


Rating: 2.5/5 (16 votes)

Comments

j.klawitter
J.klawitter - 5 years ago
Did he sell TGT? Looks like it went down as a percentage of the total portfolio
gurufocus
Gurufocus premium member - 5 years ago
j.klawitter
J.klawitter - 5 years ago
I see now, thanks. I was confused as it does not seem to list TGT as one of the stocks Einhorn reduced in the 2nd qtr. I see MSFT but not TGT...weird.

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