David Einhorn's Greenlight Capital was down 17.6% in 2008, not bad at all! He is already 11% until April 30. He bought a lot of new stocks. This is the Q1 portfolio update of Greenlight Capital. David Einhorn owns 74 stocks with a total value of $2.4 billion. These are the details of the buys and sells.
New Purchases: AEO, BJS, CNW, DFS, EPL, HAR, HES, IPCR, JNY, KFN, LIZ, MSFT, MXGL, NKE, PFE, RE, WYE,
Added Positions: AHL, DOW, EMC, GLD, HLX, MDR, PCX, RJET, SBGI, SHO, TDC, TKTM,
Reduced Positions: CTV,
Sold Out: CF, DPS, ESV, GTS, PTEN, SHLD,
For the details of David Einhorn's stock buys and sells, go to the Link Here
This is the sector weightings of David Einhorn's portfolio:
These are the top 5 holdings of David Einhorn
David Einhorn added to his holdings in streetTRACKS Gold by 13.91%. His purchase prices were between $82.71 and $97.8, with an estimated average price of $90.6. The impact to his portfolio due to this purchase was 1.95%. His holdings were 4,209,090 shares as of 03/31/2009.
streetTRACKS Gold has a market cap of $16.15 billion; its shares were traded at around $90.36 .
Added: McDermott International Inc. (MDR, Financial)
David Einhorn added to his holdings in McDermott International Inc. by 319.37%. His purchase prices were between $10.37 and $14.3, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was 1.56%. His holdings were 3,641,620 shares as of 03/31/2009.
McDermott International is one of the leading worldwide energy services companies. The company's subsidiaries manufacture steam-generating equipment environmental equipment and products for the U.S. government. They also provide engineering and construction services for industrial utility and hydrocarbon processing facilities and to the offshore oil and natural gas industry. (Company Press Release) McDermott International Inc. has a market cap of $4.46 billion; its shares were traded at around $19.52 with a P/E ratio of 11.8 and P/S ratio of 0.7. McDermott International Inc. had an annual average earning growth of 18.4% over the past 5 years.
Added: EMC Corp. (EMC, Financial)
David Einhorn added to his holdings in EMC Corp. by 29.08%. His purchase prices were between $9.93 and $12.06, with an estimated average price of $11.2. The impact to his portfolio due to this purchase was 1.39%. His holdings were 12,820,000 shares as of 03/31/2009.
EMC Corporation and its subsidiaries design manufacture market and support a wide range of hardware and software products and provide services for the storage management protection and sharing ofelectronic information. These integrated solutions enable organizations tocreate an enterprise information infrastructure or what EMC calls anE-Infostructure. EMC is the leading supplier of these solutions which comprise information storage systems software and services. EMC Corp. has a market cap of $24.21 billion; its shares were traded at around $12.03 with a P/E ratio of 16.5 and P/S ratio of 1.6. EMC Corp. had an annual average earning growth of 39.1% over the past 5 years.
Added: Aspen Insurance Holdings Ltd. (AHL, Financial)
David Einhorn added to his holdings in Aspen Insurance Holdings Ltd. by 159.35%. His purchase prices were between $19.17 and $24.56, with an estimated average price of $22.1. The impact to his portfolio due to this purchase was 1.38%. His holdings were 2,378,532 shares as of 03/31/2009.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London Bermuda and the United States: Aspen Insurance UK Limited Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen Insurance Holdings Ltd. has a market cap of $1.96 billion; its shares were traded at around $24.04 with a P/E ratio of 13.7 and P/S ratio of 1.1. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.5%.
Added: Republic Airways Holdings Inc. (RJET, Financial)
David Einhorn added to his holdings in Republic Airways Holdings Inc. by 94.25%. His purchase prices were between $4.6 and $10.37, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was 0.45%. His holdings were 3,382,800 shares as of 03/31/2009.
Republic Airway is a holding company that operates Chautauqua Airlines Inc. and Republic Airline Inc. Republic Airways Holdings Inc. has a market cap of $203.3 million; its shares were traded at around $5.9 with a P/E ratio of 2.7 and P/S ratio of 0.1.
Added: Ticketmaster (TKTM, Financial)
David Einhorn added to his holdings in Ticketmaster by 89.92%. His purchase prices were between $3.93 and $6.9, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.36%. His holdings were 4,838,000 shares as of 03/31/2009.
TICKETMASTER ENTERTAINMENT consists of Ticketmaster and Front Line Management Group. As the world's leading live entertainment ticketing and marketing company Ticketmaster connects the world to live entertainment. Ticketmaster operates in twenty global markets providing ticket sales ticket resale services marketing and distribution through ticketmaster.com one of the largest e-commerce sites on the Internet; approximately 6700 retail outlets; and 19 worldwide call centers. Ticketmaster has a market cap of $395 million; its shares were traded at around $6.89 with and P/S ratio of 0.3.
Added: The Dow Chemical Company (DOW, Financial)
David Einhorn added to his holdings in The Dow Chemical Company by 30.65%. His purchase prices were between $7 and $15.56, with an estimated average price of $10.2. The impact to his portfolio due to this purchase was 0.34%. His holdings were 4,050,000 shares as of 03/31/2009.
Dow Chemical Company is a science and technology company that provides innovative chemical plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress including food transportation health and medicine personal and home care and building and construction among others. Committed to the principles of sustainable development Dow seeks to balance economic environmental and social responsibilities. (Company Press Release) The Dow Chemical Company has a market cap of $16.34 billion; its shares were traded at around $17.65 with a P/E ratio of 19.4 and P/S ratio of 0.3. The dividend yield of The Dow Chemical Company stocks is 3.4%. The Dow Chemical Company had an annual average earning growth of 3.8% over the past 10 years.
Added: Patriot Coal Corp. (PCX, Financial)
David Einhorn added to his holdings in Patriot Coal Corp. by 142.04%. His purchase prices were between $3.05 and $7.15, with an estimated average price of $4.6. The impact to his portfolio due to this purchase was 0.29%. His holdings were 3,197,506 shares as of 03/31/2009.
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 $671.2 million; its shares were traded at around $8.59 with and P/S ratio of 0.4.
Added: TERADATA CORP (TDC, Financial)
David Einhorn added to his holdings in TERADATA CORP by 5.79%. His purchase prices were between $13.13 and $17.12, with an estimated average price of $15.2. The impact to his portfolio due to this purchase was 0.26%. His holdings were 6,895,017 shares as of 03/31/2009.
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 $3.57 billion; its shares were traded at around $20.61 with a P/E ratio of 14.2 and P/S ratio of 2.
Added: Helix Energy Solutions Group Inc. (HLX, Financial)
David Einhorn added to his holdings in Helix Energy Solutions Group Inc. by 13.86%. His purchase prices were between $3.11 and $7.45, with an estimated average price of $5.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 6,527,645 shares as of 03/31/2009.
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 $1 billion; its shares were traded at around $10.19 with a P/E ratio of 5.8 and P/S ratio of 0.5. Helix Energy Solutions Group Inc. had an annual average earning growth of 28.6% over the past 10 years.
Added: Sinclair Broadcast Group Inc. (SBGI, Financial)
David Einhorn added to his holdings in Sinclair Broadcast Group Inc. by 101.08%. His purchase prices were between $0.89 and $3.61, with an estimated average price of $1.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 450,000 shares as of 03/31/2009.
Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. Sinclair Broadcast Group Inc. has a market cap of $139 million; its shares were traded at around $1.72 with a P/E ratio of 2.5 and P/S ratio of 0.2.
Added: Sunstone Hotel Investors Inc. (SHO, Financial)
David Einhorn added to his holdings in Sunstone Hotel Investors Inc. by 22.37%. His purchase prices were between $2.11 and $5.63, with an estimated average price of $3.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 329,787 shares as of 03/31/2009.
Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. Sunstone Hotel Investors Inc. has a market cap of $313.5 million; its shares were traded at around $5.73 with a P/E ratio of 2.3 and P/S ratio of 0.3.
New Purchase: Pfizer Inc (PFE)
David Einhorn initiated holdings in Pfizer Inc. His purchase prices were between $12.17 and $16.94, with an estimated average price of $14.5. The impact to his portfolio due to this purchase was 3.4%. His holdings were 5,930,000 shares as of 03/31/2009.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $102.45 billion; its shares were traded at around $15.19 with a P/E ratio of 6.4 and P/S ratio of 2.1. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
New Purchase: Hess Corp. (HES)
David Einhorn initiated holdings in Hess Corp.. His purchase prices were between $51.5 and $61.8, with an estimated average price of $56.6. The impact to his portfolio due to this purchase was 2.97%. His holdings were 1,300,000 shares as of 03/31/2009.
Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. Hess Corp. has a market cap of $19.88 billion; its shares were traded at around $60.75 with a P/E ratio of 12.7 and P/S ratio of 0.5. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.
New Purchase: Wyeth (WYE)
David Einhorn initiated holdings in Wyeth. His purchase prices were between $37.45 and $43.14, with an estimated average price of $41.5. The impact to his portfolio due to this purchase was 2.59%. His holdings were 1,430,000 shares as of 03/31/2009.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $59.74 billion; its shares were traded at around $44.87 with a P/E ratio of 12.9 and P/S ratio of 2.6. The dividend yield of Wyeth stocks is 2.7%. Wyeth had an annual average earning growth of 5.8% over the past 10 years.
New Purchase: Harman International Industries Inc. (HAR)
David Einhorn initiated holdings in Harman International Industries Inc.. His purchase prices were between $9.47 and $20.49, with an estimated average price of $13.8. The impact to his portfolio due to this purchase was 2.11%. His holdings were 3,705,757 shares as of 03/31/2009.
Harman International Industries Incorporated is a leading manufacturer of high-quality high-fidelity audio products and electronic systems for the automotive consumer and professional markets. Harman International is a worldwide leader in the manufacture of high-quality high-fidelity audio and electronic products for automotive consumer and professional use. The company's legendary brands have taken a leading role in the creation and innovation of progressive technologies from the world's first car radio to today's most revolutionary infotainment systems. Our commitment to quality and innovation can be found everywhere from theaters and stadiums to homes and automobiles and continues to redefine the boundaries of technology and entertainment. Through internal development and a series of carefully selected acquisitions they have built up a broad range of renowned brands and products in our principal markets and a substantial and experienced digital engineering capabili Harman International Industries Inc. has a market cap of $1 billion; its shares were traded at around $17.14 with a P/E ratio of 100.8 and P/S ratio of 0.2. Harman International Industries Inc. had an annual average earning growth of 16.8% over the past 10 years. GuruFocus rated Harman International Industries Inc. the business predictability rank of 3-star.
New Purchase: Con-way Inc. (CNW)
David Einhorn initiated holdings in Con-way Inc.. His purchase prices were between $13.31 and $24.47, with an estimated average price of $19.6. The impact to his portfolio due to this purchase was 1.36%. His holdings were 1,805,305 shares as of 03/31/2009.
Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services brokerage logistics warehousing supply chain management and trailer manufacturing. The company and its subsidiaries operate across North America. Con-way's principal component companies: Con-way Transportation Services Menlo Worldwide and Road Systems operate in regional trucking ground expedite truckload brokerage air freight forwarding regional asset based truckload global logistics management e-commerce fulfillment and trailer manufacturing. The combined components of Con-way today provide the full range of supply chain management services. Con-way has operations on five continents and provides service to essentially every major business address in the United States. Con-way Inc. has a market cap of $1.41 billion; its shares were traded at around $30.65 with a P/E ratio of 20.8 and P/S ratio of 0.3. The dividend yield of Con-way Inc. stocks is 1.3%. Con-way Inc. had an annual average earning growth of 1.2% over the past 10 years.
New Purchase: Discover Financial Services (DFS)
David Einhorn initiated holdings in Discover Financial Services. His purchase prices were between $4.94 and $8.68, with an estimated average price of $6.7. The impact to his portfolio due to this purchase was 1.18%. His holdings were 4,450,000 shares as of 03/31/2009.
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 $4.44 billion; its shares were traded at around $9.22 with a P/E ratio of 38.4 and P/S ratio of 0.6. The dividend yield of Discover Financial Services stocks is 0.9%.
New Purchase: Jones Apparel Group Inc. (JNY)
David Einhorn initiated holdings in Jones Apparel Group Inc.. His purchase prices were between $2.67 and $4.82, with an estimated average price of $3.6. The impact to his portfolio due to this purchase was 1%. His holdings were 5,612,900 shares as of 03/31/2009.
Jones Apparel Group Inc. is a designer and marketer of a broadrange of women's career sportswear suits and dresses casual sportswearand jeanswear for men women and children and women's shoes andaccessories. The company has pursued a multi-brand strategy by marketingits products under several nationally known brands including Jones NewYork Evan-Picone and Rena Rowan and the licensed brands Lauren by RalphLauren Ralph by Ralph Lauren and Polo Jeans Company. Jones Apparel Group Inc. has a market cap of $739.6 million; its shares were traded at around $8.66 with a P/E ratio of 11.1 and P/S ratio of 0.2. The dividend yield of Jones Apparel Group Inc. stocks is 2.3%. Jones Apparel Group Inc. had an annual average earning growth of 0.7% over the past 10 years.
New Purchase: BJ Services Company (BJS)
David Einhorn initiated holdings in BJ Services Company. His purchase prices were between $9.02 and $12.25, with an estimated average price of $10.6. The impact to his portfolio due to this purchase was 0.96%. His holdings were 2,300,000 shares as of 03/31/2009.
BJ Services Company is a leading provider of pressure pumping and other oilfield services serving the petroleum industry worldwide. The Company's pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells both onshore and offshore. BJ Services Company has a market cap of $4.44 billion; its shares were traded at around $15.21 with a P/E ratio of 8.6 and P/S ratio of 0.8. The dividend yield of BJ Services Company stocks is 1.3%. BJ Services Company had an annual average earning growth of 24.7% over the past 10 years. GuruFocus rated BJ Services Company the business predictability rank of 3-star.
New Purchase: IPC Holdings Ltd. (IPCR)
David Einhorn initiated holdings in IPC Holdings Ltd.. His purchase prices were between $21.21 and $28.99, with an estimated average price of $26.1. The impact to his portfolio due to this purchase was 0.9%. His holdings were 792,851 shares as of 03/31/2009.
IPC HLDGS LTD through its wholly-owned subsidiary IPCRe Limited provides property catastrophe reinsurance and to a limited extent marine aviation property-per-risk excess and other short-tail property reinsurance on a worldwide basis. IPC has a strong capital position and well established market presence within the property catastrophe reinsurance market. IPC Holdings Ltd. has a market cap of $1.5 billion; its shares were traded at around $26.84 with a P/E ratio of 7.4 and P/S ratio of 4.8. The dividend yield of IPC Holdings Ltd. stocks is 3.3%.
New Purchase: Microsoft Corp. (MSFT)
David Einhorn initiated holdings in Microsoft Corp.. His purchase prices were between $15.28 and $19.58, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.77%. His holdings were 1,000,000 shares as of 03/31/2009.
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 $183.15 billion; its shares were traded at around $20.6 with a P/E ratio of 11.4 and P/S ratio of 3. The dividend yield of Microsoft Corp. stocks is 2.5%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
New Purchase: American Eagle Outfitters Inc. (AEO)
David Einhorn initiated holdings in American Eagle Outfitters Inc.. His purchase prices were between $8.84 and $12.84, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,050,000 shares as of 03/31/2009.
American Eagle Outfitters is a specialty retailer of all-American casual apparel accessories and footwear for men and women between the ages of 16 and 34. The company sources designs and markets a versatile line of timeless and relaxed clothing classics like jeans khakis and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition improve profitability and increase sales. American Eagle Outfitters Inc. has a market cap of $2.94 billion; its shares were traded at around $14.26 with a P/E ratio of 14.4 and P/S ratio of 1. The dividend yield of American Eagle Outfitters Inc. stocks is 2.8%. American Eagle Outfitters Inc. had an annual average earning growth of 27.6% over the past 10 years. GuruFocus rated American Eagle Outfitters Inc. the business predictability rank of 4.5-star.
New Purchase: Everest Re Group Ltd. (RE)
David Einhorn initiated holdings in Everest Re Group Ltd.. His purchase prices were between $61.84 and $73.53, with an estimated average price of $67.3. The impact to his portfolio due to this purchase was 0.27%. His holdings were 90,173 shares as of 03/31/2009.
Everest Re Group Ltd. is a world leader in property and casualty reinsurance and insurance offering innovative products responsive service and unsurpassed financial strength. Everest Reinsurance Co. underwrites virtually all classes and categories of business in treaty facultative and specialty lines both through brokers and directly with ceding companies. Primary insurance products and services are available through several subsidiary operations. Everest Re Group Ltd. has a market cap of $4.31 billion; its shares were traded at around $70.11 with a P/E ratio of 9 and P/S ratio of 1.2. The dividend yield of Everest Re Group Ltd. stocks is 2.7%.
New Purchase: Max Capital Group Ltd. (MXGL)
David Einhorn initiated holdings in Max Capital Group Ltd.. His purchase prices were between $13.71 and $18.31, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 72,100 shares as of 03/31/2009.
Max Capital Group Ltd. through its principal operating subsidiaries provides specialty insurance and reinsurance products to corporations public entities property and casualty insurers and life and health insurers. The Company also provides reinsurance for existing blocks of Life & Annuity business. Max Capital Group Ltd. has a market cap of $958.8 million; its shares were traded at around $17.18 with and P/S ratio of 1.3. The dividend yield of Max Capital Group Ltd. stocks is 2.1%. Max Capital Group Ltd. had an annual average earning growth of 11.3% over the past 5 years.
New Purchase: NIKE Inc. (NKE)
David Einhorn initiated holdings in NIKE Inc.. His purchase prices were between $39.94 and $49.32, with an estimated average price of $44.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,500 shares as of 03/31/2009.
Nike Inc.'s principal business activity involves the design development and worldwide marketing of high quality footwear apparel equipment and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors licensees and subsidiaries in numerous countries around the world. NIKE Inc. has a market cap of $24.8 billion; its shares were traded at around $51.2 with a P/E ratio of 13.5 and P/S ratio of 1.3. The dividend yield of NIKE Inc. stocks is 2%. NIKE Inc. had an annual average earning growth of 13.8% over the past 10 years. GuruFocus rated NIKE Inc. the business predictability rank of 3.5-star.
New Purchase: Liz Claiborne Inc. (LIZ)
David Einhorn initiated holdings in Liz Claiborne Inc.. His purchase prices were between $1.78 and $3.27, with an estimated average price of $2.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 50,000 shares as of 03/31/2009.
Liz Claiborne Inc. designs and markets an extensive range of brandedwomen's and men's fashion apparel and accessories appropriate for occasions ranging from casual to dressy. The company also markets fragrances for women and men. The company's brands include Claiborne Crazy Horse Curve Dana Buchman Elisabeth Emma Jeans First Issue Laundry by Shelli Segal Liz Claiborne Lucky Brand Russ Sigrid Olsen and Villager. Liz Claiborne Inc. has a market cap of $456.6 million; its shares were traded at around $4.8 with a P/E ratio of 68.6 and P/S ratio of 0.1.
New Purchase: KKR Financial Holdings LLC (KFN)
David Einhorn initiated holdings in KKR Financial Holdings LLC. His purchase prices were between $0.48 and $2.29, with an estimated average price of $1.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 351,352 shares as of 03/31/2009.
KKR Financial Corp. an affiliate of Kohlberg Kravis Roberts & Co. L.P. is a diversified specialty finance company that invests across multiple asset classes including residential mortgage loans and mortgage-backed securities corporate loans and debt securities commercial real estate loans and debt securities and asset-backed securities. KKR Financial Holdings LLC has a market cap of $203.7 million; its shares were traded at around $1.35 with and P/S ratio of 0.2.
New Purchase: Energy Partners Ltd. (EPL)
David Einhorn initiated holdings in Energy Partners Ltd.. His purchase prices were between $0.15 and $1.86, with an estimated average price of $0.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 690,433 shares as of 03/31/2009.
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 $4.81 million; its shares were traded at around $0.15 with a P/E ratio of 0.13 and P/S ratio of 0.01. Energy Partners Ltd. had an annual average earning growth of 8.5% over the past 5 years.
Reduced: CommScope Inc. (CTV)
David Einhorn reduced to his holdings in CommScope Inc. by 46.89%. His sale prices were between $7.23 and $16.73, with an estimated average price of $12.3. The impact to his portfolio due to this sale was -0.83%. David Einhorn still held 3,717,890 shares as of 03/31/2009.
Commscope Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX Solutions and Uniprise Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions. CommScope Inc. has a market cap of $1.75 billion; its shares were traded at around $24.04 with a P/E ratio of 8.5 and P/S ratio of 0.4. CommScope Inc. had an annual average earning growth of 2.1% over the past 10 years.
Sold Out: ENSCO International Inc. (ESV)
David Einhorn sold out his holdings in ENSCO International Inc.. His sale prices were between $23.64 and $28.62, with an estimated average price of $26.8. The impact to his portfolio due to this sale was less than 0.01%.
ENSCO International Incorporated is an international offshore contract drilling company that also provides marine transportation services in the Gulf of Mexico. The Company's complement of offshore drilling rigs includes jackup rigs nine barge rigs platform rigs and one semisubmersible rig currently under construction. The Company's operations are integral to the exploration development and production of oil and natural gas. ENSCO International Inc. has a market cap of $4.65 billion; its shares were traded at around $32.78 with a P/E ratio of 4.2 and P/S ratio of 1.9. The dividend yield of ENSCO International Inc. stocks is 0.3%. ENSCO International Inc. had an annual average earning growth of 12.8% over the past 10 years.
Sold Out: PattersonUTI Energy Inc. (PTEN)
David Einhorn sold out his holdings in PattersonUTI Energy Inc.. His sale prices were between $7.75 and $11.68, with an estimated average price of $9.5. The impact to his portfolio due to this sale was less than 0.01%.
Patterson is one of the leading providers of domestic land drillingservices to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs 108 of which are currently operable. The Company is also engaged in the development exploration acquisition & production of oil and natural gas; however due to the substantial growth in the Company's drilling contract operations the oil & natural gas operations are no longer material to the Company's overall operations. PattersonUTI Energy Inc. has a market cap of $2.01 billion; its shares were traded at around $13.14 with a P/E ratio of 6.7 and P/S ratio of 0.9. The dividend yield of PattersonUTI Energy Inc. stocks is 1.5%. PattersonUTI Energy Inc. had an annual average earning growth of 26% over the past 10 years. GuruFocus rated PattersonUTI Energy Inc. the business predictability rank of 2-star.
Sold Out: Sears Holdings Corp. (SHLD)
David Einhorn sold out his holdings in Sears Holdings Corp.. His sale prices were between $35.53 and $49.21, with an estimated average price of $41.7. The impact to his portfolio due to this sale was less than 0.01%.
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 $6.38 billion; its shares were traded at around $52.28 with a P/E ratio of 30.4 and P/S ratio of 0.1. Sears Holdings Corp. had an annual average earning growth of 45% over the past 5 years.
Sold Out: CF Industries Holdings Inc. (CF)
David Einhorn sold out his holdings in CF Industries Holdings Inc.. His sale prices were between $46.63 and $73.2, with an estimated average price of $57.9. The impact to his portfolio due to this sale was less than 0.01%.
CF Industries Holdings Inc. is the holding company for the operations of CF Industries Inc. CF Industries Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. CF Industries operates world-scale nitrogen fertilizer plants in Louisiana and Alberta Canada; conducts phosphate mining and manufacturing operations in Central Florida; and distributes fertilizer products through a system of terminals warehouses and associated transportation equipment located primarily in the midwestern United States. CF Industries Holdings Inc. has a market cap of $3.99 billion; its shares were traded at around $82.34 with a P/E ratio of 6.4 and P/S ratio of 1. The dividend yield of CF Industries Holdings Inc. stocks is 0.5%.
Sold Out: TRIPLE-S MGMT CL B (GTS)
David Einhorn sold out his holdings in TRIPLE-S MGMT CL B. His sale prices were between $11.38 and $14.39, with an estimated average price of $13. The impact to his portfolio due to this sale was less than 0.01%.
Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business Triple-S provides life and property and casualty insurance in Puerto Rico. TRIPLE-S MGMT CL B has a market cap of $442.1 million; its shares were traded at around $14.68 with a P/E ratio of 8.1 and P/S ratio of 0.3.
Sold Out: Dr Pepper Snapple Group Inc. (DPS)
David Einhorn sold out his holdings in Dr Pepper Snapple Group Inc.. His sale prices were between $12.21 and $17.09, with an estimated average price of $15.6. The impact to his portfolio due to this sale was less than 0.01%.
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 $5.68 billion; its shares were traded at around $22.39 with a P/E ratio of 12.4 and P/S ratio of 1.
New Purchases: AEO, BJS, CNW, DFS, EPL, HAR, HES, IPCR, JNY, KFN, LIZ, MSFT, MXGL, NKE, PFE, RE, WYE,
Added Positions: AHL, DOW, EMC, GLD, HLX, MDR, PCX, RJET, SBGI, SHO, TDC, TKTM,
Reduced Positions: CTV,
Sold Out: CF, DPS, ESV, GTS, PTEN, SHLD,
For the details of David Einhorn's stock buys and sells, go to the Link Here
This is the sector weightings of David Einhorn's portfolio:
| Technology |  21.9% |
|---|---|
| Financials | 7.6% |
| Utilities | 4.2% |
| Consumer Services | 10.8% |
| Health Care | 8% |
| Consumer Goods | 3.3% |
| Industrials | 9.6% |
| Basic Materials | 3.7% |
| Oil & Gas | 8.7% |
These are the top 5 holdings of David Einhorn
- streetTRACKS Gold (GLD) - 4,209,090 shares, 15.99% of the total portfolio
- URS Corp. (URS) - 4,434,924 shares, 7.54% of the total portfolio
- EMC Corp. (EMC) - 12,820,000 shares, 6.15% of the total portfolio
- MEMC Electronic Materials Inc. (WFR) - 7,287,698 shares, 5.06% of the total portfolio
- Target Corp. (TGT) - 3,475,444 shares, 5.03% of the total portfolio
David Einhorn added to his holdings in streetTRACKS Gold by 13.91%. His purchase prices were between $82.71 and $97.8, with an estimated average price of $90.6. The impact to his portfolio due to this purchase was 1.95%. His holdings were 4,209,090 shares as of 03/31/2009.
streetTRACKS Gold has a market cap of $16.15 billion; its shares were traded at around $90.36 .
Added: McDermott International Inc. (MDR, Financial)
David Einhorn added to his holdings in McDermott International Inc. by 319.37%. His purchase prices were between $10.37 and $14.3, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was 1.56%. His holdings were 3,641,620 shares as of 03/31/2009.
McDermott International is one of the leading worldwide energy services companies. The company's subsidiaries manufacture steam-generating equipment environmental equipment and products for the U.S. government. They also provide engineering and construction services for industrial utility and hydrocarbon processing facilities and to the offshore oil and natural gas industry. (Company Press Release) McDermott International Inc. has a market cap of $4.46 billion; its shares were traded at around $19.52 with a P/E ratio of 11.8 and P/S ratio of 0.7. McDermott International Inc. had an annual average earning growth of 18.4% over the past 5 years.
Added: EMC Corp. (EMC, Financial)
David Einhorn added to his holdings in EMC Corp. by 29.08%. His purchase prices were between $9.93 and $12.06, with an estimated average price of $11.2. The impact to his portfolio due to this purchase was 1.39%. His holdings were 12,820,000 shares as of 03/31/2009.
EMC Corporation and its subsidiaries design manufacture market and support a wide range of hardware and software products and provide services for the storage management protection and sharing ofelectronic information. These integrated solutions enable organizations tocreate an enterprise information infrastructure or what EMC calls anE-Infostructure. EMC is the leading supplier of these solutions which comprise information storage systems software and services. EMC Corp. has a market cap of $24.21 billion; its shares were traded at around $12.03 with a P/E ratio of 16.5 and P/S ratio of 1.6. EMC Corp. had an annual average earning growth of 39.1% over the past 5 years.
Added: Aspen Insurance Holdings Ltd. (AHL, Financial)
David Einhorn added to his holdings in Aspen Insurance Holdings Ltd. by 159.35%. His purchase prices were between $19.17 and $24.56, with an estimated average price of $22.1. The impact to his portfolio due to this purchase was 1.38%. His holdings were 2,378,532 shares as of 03/31/2009.
Aspen Insurance Holdings is a Bermudian holding company that provides property and casualty reinsurance in the global market property and liability insurance principally in the United Kingdom and surplus lines insurance in the United States. Aspen's operations are conducted through its wholly-owned subsidiaries located in London Bermuda and the United States: Aspen Insurance UK Limited Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen Insurance Holdings Ltd. has a market cap of $1.96 billion; its shares were traded at around $24.04 with a P/E ratio of 13.7 and P/S ratio of 1.1. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.5%.
Added: Republic Airways Holdings Inc. (RJET, Financial)
David Einhorn added to his holdings in Republic Airways Holdings Inc. by 94.25%. His purchase prices were between $4.6 and $10.37, with an estimated average price of $7.5. The impact to his portfolio due to this purchase was 0.45%. His holdings were 3,382,800 shares as of 03/31/2009.
Republic Airway is a holding company that operates Chautauqua Airlines Inc. and Republic Airline Inc. Republic Airways Holdings Inc. has a market cap of $203.3 million; its shares were traded at around $5.9 with a P/E ratio of 2.7 and P/S ratio of 0.1.
Added: Ticketmaster (TKTM, Financial)
David Einhorn added to his holdings in Ticketmaster by 89.92%. His purchase prices were between $3.93 and $6.9, with an estimated average price of $5.3. The impact to his portfolio due to this purchase was 0.36%. His holdings were 4,838,000 shares as of 03/31/2009.
TICKETMASTER ENTERTAINMENT consists of Ticketmaster and Front Line Management Group. As the world's leading live entertainment ticketing and marketing company Ticketmaster connects the world to live entertainment. Ticketmaster operates in twenty global markets providing ticket sales ticket resale services marketing and distribution through ticketmaster.com one of the largest e-commerce sites on the Internet; approximately 6700 retail outlets; and 19 worldwide call centers. Ticketmaster has a market cap of $395 million; its shares were traded at around $6.89 with and P/S ratio of 0.3.
Added: The Dow Chemical Company (DOW, Financial)
David Einhorn added to his holdings in The Dow Chemical Company by 30.65%. His purchase prices were between $7 and $15.56, with an estimated average price of $10.2. The impact to his portfolio due to this purchase was 0.34%. His holdings were 4,050,000 shares as of 03/31/2009.
Dow Chemical Company is a science and technology company that provides innovative chemical plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress including food transportation health and medicine personal and home care and building and construction among others. Committed to the principles of sustainable development Dow seeks to balance economic environmental and social responsibilities. (Company Press Release) The Dow Chemical Company has a market cap of $16.34 billion; its shares were traded at around $17.65 with a P/E ratio of 19.4 and P/S ratio of 0.3. The dividend yield of The Dow Chemical Company stocks is 3.4%. The Dow Chemical Company had an annual average earning growth of 3.8% over the past 10 years.
Added: Patriot Coal Corp. (PCX, Financial)
David Einhorn added to his holdings in Patriot Coal Corp. by 142.04%. His purchase prices were between $3.05 and $7.15, with an estimated average price of $4.6. The impact to his portfolio due to this purchase was 0.29%. His holdings were 3,197,506 shares as of 03/31/2009.
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 $671.2 million; its shares were traded at around $8.59 with and P/S ratio of 0.4.
Added: TERADATA CORP (TDC, Financial)
David Einhorn added to his holdings in TERADATA CORP by 5.79%. His purchase prices were between $13.13 and $17.12, with an estimated average price of $15.2. The impact to his portfolio due to this purchase was 0.26%. His holdings were 6,895,017 shares as of 03/31/2009.
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 $3.57 billion; its shares were traded at around $20.61 with a P/E ratio of 14.2 and P/S ratio of 2.
Added: Helix Energy Solutions Group Inc. (HLX, Financial)
David Einhorn added to his holdings in Helix Energy Solutions Group Inc. by 13.86%. His purchase prices were between $3.11 and $7.45, with an estimated average price of $5.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 6,527,645 shares as of 03/31/2009.
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 $1 billion; its shares were traded at around $10.19 with a P/E ratio of 5.8 and P/S ratio of 0.5. Helix Energy Solutions Group Inc. had an annual average earning growth of 28.6% over the past 10 years.
Added: Sinclair Broadcast Group Inc. (SBGI, Financial)
David Einhorn added to his holdings in Sinclair Broadcast Group Inc. by 101.08%. His purchase prices were between $0.89 and $3.61, with an estimated average price of $1.6. The impact to his portfolio due to this purchase was 0.01%. His holdings were 450,000 shares as of 03/31/2009.
Sinclair Broadcast Group is a diversified broadcasting company that owns or provides programming services pursuant to local marketing agreements to more television stations than any other commercial broadcasting group in the United States. Sinclair Broadcast Group Inc. has a market cap of $139 million; its shares were traded at around $1.72 with a P/E ratio of 2.5 and P/S ratio of 0.2.
Added: Sunstone Hotel Investors Inc. (SHO, Financial)
David Einhorn added to his holdings in Sunstone Hotel Investors Inc. by 22.37%. His purchase prices were between $2.11 and $5.63, with an estimated average price of $3.5. The impact to his portfolio due to this purchase was 0.01%. His holdings were 329,787 shares as of 03/31/2009.
Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. Sunstone Hotel Investors Inc. has a market cap of $313.5 million; its shares were traded at around $5.73 with a P/E ratio of 2.3 and P/S ratio of 0.3.
New Purchase: Pfizer Inc (PFE)
David Einhorn initiated holdings in Pfizer Inc. His purchase prices were between $12.17 and $16.94, with an estimated average price of $14.5. The impact to his portfolio due to this purchase was 3.4%. His holdings were 5,930,000 shares as of 03/31/2009.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $102.45 billion; its shares were traded at around $15.19 with a P/E ratio of 6.4 and P/S ratio of 2.1. The dividend yield of Pfizer Inc stocks is 4.2%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
New Purchase: Hess Corp. (HES)
David Einhorn initiated holdings in Hess Corp.. His purchase prices were between $51.5 and $61.8, with an estimated average price of $56.6. The impact to his portfolio due to this purchase was 2.97%. His holdings were 1,300,000 shares as of 03/31/2009.
Hess Corporation is a global integrated energy company engaged in the exploration for and the production purchase transportation and sale of crude oil and natural gas as well as the production and sale of refined petroleum products electricity. Hess Corp. has a market cap of $19.88 billion; its shares were traded at around $60.75 with a P/E ratio of 12.7 and P/S ratio of 0.5. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.
New Purchase: Wyeth (WYE)
David Einhorn initiated holdings in Wyeth. His purchase prices were between $37.45 and $43.14, with an estimated average price of $41.5. The impact to his portfolio due to this purchase was 2.59%. His holdings were 1,430,000 shares as of 03/31/2009.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery development manufacturing and marketing of pharmaceuticals vaccines biotechnology products and non-prescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals Wyeth Consumer Healthcare and Fort Dodge Animal Health. Wyeth has a market cap of $59.74 billion; its shares were traded at around $44.87 with a P/E ratio of 12.9 and P/S ratio of 2.6. The dividend yield of Wyeth stocks is 2.7%. Wyeth had an annual average earning growth of 5.8% over the past 10 years.
New Purchase: Harman International Industries Inc. (HAR)
David Einhorn initiated holdings in Harman International Industries Inc.. His purchase prices were between $9.47 and $20.49, with an estimated average price of $13.8. The impact to his portfolio due to this purchase was 2.11%. His holdings were 3,705,757 shares as of 03/31/2009.
Harman International Industries Incorporated is a leading manufacturer of high-quality high-fidelity audio products and electronic systems for the automotive consumer and professional markets. Harman International is a worldwide leader in the manufacture of high-quality high-fidelity audio and electronic products for automotive consumer and professional use. The company's legendary brands have taken a leading role in the creation and innovation of progressive technologies from the world's first car radio to today's most revolutionary infotainment systems. Our commitment to quality and innovation can be found everywhere from theaters and stadiums to homes and automobiles and continues to redefine the boundaries of technology and entertainment. Through internal development and a series of carefully selected acquisitions they have built up a broad range of renowned brands and products in our principal markets and a substantial and experienced digital engineering capabili Harman International Industries Inc. has a market cap of $1 billion; its shares were traded at around $17.14 with a P/E ratio of 100.8 and P/S ratio of 0.2. Harman International Industries Inc. had an annual average earning growth of 16.8% over the past 10 years. GuruFocus rated Harman International Industries Inc. the business predictability rank of 3-star.
New Purchase: Con-way Inc. (CNW)
David Einhorn initiated holdings in Con-way Inc.. His purchase prices were between $13.31 and $24.47, with an estimated average price of $19.6. The impact to his portfolio due to this purchase was 1.36%. His holdings were 1,805,305 shares as of 03/31/2009.
Con-way Inc.is a freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services brokerage logistics warehousing supply chain management and trailer manufacturing. The company and its subsidiaries operate across North America. Con-way's principal component companies: Con-way Transportation Services Menlo Worldwide and Road Systems operate in regional trucking ground expedite truckload brokerage air freight forwarding regional asset based truckload global logistics management e-commerce fulfillment and trailer manufacturing. The combined components of Con-way today provide the full range of supply chain management services. Con-way has operations on five continents and provides service to essentially every major business address in the United States. Con-way Inc. has a market cap of $1.41 billion; its shares were traded at around $30.65 with a P/E ratio of 20.8 and P/S ratio of 0.3. The dividend yield of Con-way Inc. stocks is 1.3%. Con-way Inc. had an annual average earning growth of 1.2% over the past 10 years.
New Purchase: Discover Financial Services (DFS)
David Einhorn initiated holdings in Discover Financial Services. His purchase prices were between $4.94 and $8.68, with an estimated average price of $6.7. The impact to his portfolio due to this purchase was 1.18%. His holdings were 4,450,000 shares as of 03/31/2009.
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 $4.44 billion; its shares were traded at around $9.22 with a P/E ratio of 38.4 and P/S ratio of 0.6. The dividend yield of Discover Financial Services stocks is 0.9%.
New Purchase: Jones Apparel Group Inc. (JNY)
David Einhorn initiated holdings in Jones Apparel Group Inc.. His purchase prices were between $2.67 and $4.82, with an estimated average price of $3.6. The impact to his portfolio due to this purchase was 1%. His holdings were 5,612,900 shares as of 03/31/2009.
Jones Apparel Group Inc. is a designer and marketer of a broadrange of women's career sportswear suits and dresses casual sportswearand jeanswear for men women and children and women's shoes andaccessories. The company has pursued a multi-brand strategy by marketingits products under several nationally known brands including Jones NewYork Evan-Picone and Rena Rowan and the licensed brands Lauren by RalphLauren Ralph by Ralph Lauren and Polo Jeans Company. Jones Apparel Group Inc. has a market cap of $739.6 million; its shares were traded at around $8.66 with a P/E ratio of 11.1 and P/S ratio of 0.2. The dividend yield of Jones Apparel Group Inc. stocks is 2.3%. Jones Apparel Group Inc. had an annual average earning growth of 0.7% over the past 10 years.
New Purchase: BJ Services Company (BJS)
David Einhorn initiated holdings in BJ Services Company. His purchase prices were between $9.02 and $12.25, with an estimated average price of $10.6. The impact to his portfolio due to this purchase was 0.96%. His holdings were 2,300,000 shares as of 03/31/2009.
BJ Services Company is a leading provider of pressure pumping and other oilfield services serving the petroleum industry worldwide. The Company's pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells both onshore and offshore. BJ Services Company has a market cap of $4.44 billion; its shares were traded at around $15.21 with a P/E ratio of 8.6 and P/S ratio of 0.8. The dividend yield of BJ Services Company stocks is 1.3%. BJ Services Company had an annual average earning growth of 24.7% over the past 10 years. GuruFocus rated BJ Services Company the business predictability rank of 3-star.
New Purchase: IPC Holdings Ltd. (IPCR)
David Einhorn initiated holdings in IPC Holdings Ltd.. His purchase prices were between $21.21 and $28.99, with an estimated average price of $26.1. The impact to his portfolio due to this purchase was 0.9%. His holdings were 792,851 shares as of 03/31/2009.
IPC HLDGS LTD through its wholly-owned subsidiary IPCRe Limited provides property catastrophe reinsurance and to a limited extent marine aviation property-per-risk excess and other short-tail property reinsurance on a worldwide basis. IPC has a strong capital position and well established market presence within the property catastrophe reinsurance market. IPC Holdings Ltd. has a market cap of $1.5 billion; its shares were traded at around $26.84 with a P/E ratio of 7.4 and P/S ratio of 4.8. The dividend yield of IPC Holdings Ltd. stocks is 3.3%.
New Purchase: Microsoft Corp. (MSFT)
David Einhorn initiated holdings in Microsoft Corp.. His purchase prices were between $15.28 and $19.58, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.77%. His holdings were 1,000,000 shares as of 03/31/2009.
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 $183.15 billion; its shares were traded at around $20.6 with a P/E ratio of 11.4 and P/S ratio of 3. The dividend yield of Microsoft Corp. stocks is 2.5%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.
New Purchase: American Eagle Outfitters Inc. (AEO)
David Einhorn initiated holdings in American Eagle Outfitters Inc.. His purchase prices were between $8.84 and $12.84, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,050,000 shares as of 03/31/2009.
American Eagle Outfitters is a specialty retailer of all-American casual apparel accessories and footwear for men and women between the ages of 16 and 34. The company sources designs and markets a versatile line of timeless and relaxed clothing classics like jeans khakis and T-shirts under its American Eagle Outfitters and AE brand names for exclusive sale in its stores. The company is focused on several core brand and merchandising strategies to differentiate the company from competition improve profitability and increase sales. American Eagle Outfitters Inc. has a market cap of $2.94 billion; its shares were traded at around $14.26 with a P/E ratio of 14.4 and P/S ratio of 1. The dividend yield of American Eagle Outfitters Inc. stocks is 2.8%. American Eagle Outfitters Inc. had an annual average earning growth of 27.6% over the past 10 years. GuruFocus rated American Eagle Outfitters Inc. the business predictability rank of 4.5-star.
New Purchase: Everest Re Group Ltd. (RE)
David Einhorn initiated holdings in Everest Re Group Ltd.. His purchase prices were between $61.84 and $73.53, with an estimated average price of $67.3. The impact to his portfolio due to this purchase was 0.27%. His holdings were 90,173 shares as of 03/31/2009.
Everest Re Group Ltd. is a world leader in property and casualty reinsurance and insurance offering innovative products responsive service and unsurpassed financial strength. Everest Reinsurance Co. underwrites virtually all classes and categories of business in treaty facultative and specialty lines both through brokers and directly with ceding companies. Primary insurance products and services are available through several subsidiary operations. Everest Re Group Ltd. has a market cap of $4.31 billion; its shares were traded at around $70.11 with a P/E ratio of 9 and P/S ratio of 1.2. The dividend yield of Everest Re Group Ltd. stocks is 2.7%.
New Purchase: Max Capital Group Ltd. (MXGL)
David Einhorn initiated holdings in Max Capital Group Ltd.. His purchase prices were between $13.71 and $18.31, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 72,100 shares as of 03/31/2009.
Max Capital Group Ltd. through its principal operating subsidiaries provides specialty insurance and reinsurance products to corporations public entities property and casualty insurers and life and health insurers. The Company also provides reinsurance for existing blocks of Life & Annuity business. Max Capital Group Ltd. has a market cap of $958.8 million; its shares were traded at around $17.18 with and P/S ratio of 1.3. The dividend yield of Max Capital Group Ltd. stocks is 2.1%. Max Capital Group Ltd. had an annual average earning growth of 11.3% over the past 5 years.
New Purchase: NIKE Inc. (NKE)
David Einhorn initiated holdings in NIKE Inc.. His purchase prices were between $39.94 and $49.32, with an estimated average price of $44.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,500 shares as of 03/31/2009.
Nike Inc.'s principal business activity involves the design development and worldwide marketing of high quality footwear apparel equipment and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors licensees and subsidiaries in numerous countries around the world. NIKE Inc. has a market cap of $24.8 billion; its shares were traded at around $51.2 with a P/E ratio of 13.5 and P/S ratio of 1.3. The dividend yield of NIKE Inc. stocks is 2%. NIKE Inc. had an annual average earning growth of 13.8% over the past 10 years. GuruFocus rated NIKE Inc. the business predictability rank of 3.5-star.
New Purchase: Liz Claiborne Inc. (LIZ)
David Einhorn initiated holdings in Liz Claiborne Inc.. His purchase prices were between $1.78 and $3.27, with an estimated average price of $2.4. The impact to his portfolio due to this purchase was 0.01%. His holdings were 50,000 shares as of 03/31/2009.
Liz Claiborne Inc. designs and markets an extensive range of brandedwomen's and men's fashion apparel and accessories appropriate for occasions ranging from casual to dressy. The company also markets fragrances for women and men. The company's brands include Claiborne Crazy Horse Curve Dana Buchman Elisabeth Emma Jeans First Issue Laundry by Shelli Segal Liz Claiborne Lucky Brand Russ Sigrid Olsen and Villager. Liz Claiborne Inc. has a market cap of $456.6 million; its shares were traded at around $4.8 with a P/E ratio of 68.6 and P/S ratio of 0.1.
New Purchase: KKR Financial Holdings LLC (KFN)
David Einhorn initiated holdings in KKR Financial Holdings LLC. His purchase prices were between $0.48 and $2.29, with an estimated average price of $1.2. The impact to his portfolio due to this purchase was 0.01%. His holdings were 351,352 shares as of 03/31/2009.
KKR Financial Corp. an affiliate of Kohlberg Kravis Roberts & Co. L.P. is a diversified specialty finance company that invests across multiple asset classes including residential mortgage loans and mortgage-backed securities corporate loans and debt securities commercial real estate loans and debt securities and asset-backed securities. KKR Financial Holdings LLC has a market cap of $203.7 million; its shares were traded at around $1.35 with and P/S ratio of 0.2.
New Purchase: Energy Partners Ltd. (EPL)
David Einhorn initiated holdings in Energy Partners Ltd.. His purchase prices were between $0.15 and $1.86, with an estimated average price of $0.8. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 690,433 shares as of 03/31/2009.
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 $4.81 million; its shares were traded at around $0.15 with a P/E ratio of 0.13 and P/S ratio of 0.01. Energy Partners Ltd. had an annual average earning growth of 8.5% over the past 5 years.
Reduced: CommScope Inc. (CTV)
David Einhorn reduced to his holdings in CommScope Inc. by 46.89%. His sale prices were between $7.23 and $16.73, with an estimated average price of $12.3. The impact to his portfolio due to this sale was -0.83%. David Einhorn still held 3,717,890 shares as of 03/31/2009.
Commscope Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX Solutions and Uniprise Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions. CommScope Inc. has a market cap of $1.75 billion; its shares were traded at around $24.04 with a P/E ratio of 8.5 and P/S ratio of 0.4. CommScope Inc. had an annual average earning growth of 2.1% over the past 10 years.
Sold Out: ENSCO International Inc. (ESV)
David Einhorn sold out his holdings in ENSCO International Inc.. His sale prices were between $23.64 and $28.62, with an estimated average price of $26.8. The impact to his portfolio due to this sale was less than 0.01%.
ENSCO International Incorporated is an international offshore contract drilling company that also provides marine transportation services in the Gulf of Mexico. The Company's complement of offshore drilling rigs includes jackup rigs nine barge rigs platform rigs and one semisubmersible rig currently under construction. The Company's operations are integral to the exploration development and production of oil and natural gas. ENSCO International Inc. has a market cap of $4.65 billion; its shares were traded at around $32.78 with a P/E ratio of 4.2 and P/S ratio of 1.9. The dividend yield of ENSCO International Inc. stocks is 0.3%. ENSCO International Inc. had an annual average earning growth of 12.8% over the past 10 years.
Sold Out: PattersonUTI Energy Inc. (PTEN)
David Einhorn sold out his holdings in PattersonUTI Energy Inc.. His sale prices were between $7.75 and $11.68, with an estimated average price of $9.5. The impact to his portfolio due to this sale was less than 0.01%.
Patterson is one of the leading providers of domestic land drillingservices to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs 108 of which are currently operable. The Company is also engaged in the development exploration acquisition & production of oil and natural gas; however due to the substantial growth in the Company's drilling contract operations the oil & natural gas operations are no longer material to the Company's overall operations. PattersonUTI Energy Inc. has a market cap of $2.01 billion; its shares were traded at around $13.14 with a P/E ratio of 6.7 and P/S ratio of 0.9. The dividend yield of PattersonUTI Energy Inc. stocks is 1.5%. PattersonUTI Energy Inc. had an annual average earning growth of 26% over the past 10 years. GuruFocus rated PattersonUTI Energy Inc. the business predictability rank of 2-star.
Sold Out: Sears Holdings Corp. (SHLD)
David Einhorn sold out his holdings in Sears Holdings Corp.. His sale prices were between $35.53 and $49.21, with an estimated average price of $41.7. The impact to his portfolio due to this sale was less than 0.01%.
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 $6.38 billion; its shares were traded at around $52.28 with a P/E ratio of 30.4 and P/S ratio of 0.1. Sears Holdings Corp. had an annual average earning growth of 45% over the past 5 years.
Sold Out: CF Industries Holdings Inc. (CF)
David Einhorn sold out his holdings in CF Industries Holdings Inc.. His sale prices were between $46.63 and $73.2, with an estimated average price of $57.9. The impact to his portfolio due to this sale was less than 0.01%.
CF Industries Holdings Inc. is the holding company for the operations of CF Industries Inc. CF Industries Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. CF Industries operates world-scale nitrogen fertilizer plants in Louisiana and Alberta Canada; conducts phosphate mining and manufacturing operations in Central Florida; and distributes fertilizer products through a system of terminals warehouses and associated transportation equipment located primarily in the midwestern United States. CF Industries Holdings Inc. has a market cap of $3.99 billion; its shares were traded at around $82.34 with a P/E ratio of 6.4 and P/S ratio of 1. The dividend yield of CF Industries Holdings Inc. stocks is 0.5%.
Sold Out: TRIPLE-S MGMT CL B (GTS)
David Einhorn sold out his holdings in TRIPLE-S MGMT CL B. His sale prices were between $11.38 and $14.39, with an estimated average price of $13. The impact to his portfolio due to this sale was less than 0.01%.
Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business Triple-S provides life and property and casualty insurance in Puerto Rico. TRIPLE-S MGMT CL B has a market cap of $442.1 million; its shares were traded at around $14.68 with a P/E ratio of 8.1 and P/S ratio of 0.3.
Sold Out: Dr Pepper Snapple Group Inc. (DPS)
David Einhorn sold out his holdings in Dr Pepper Snapple Group Inc.. His sale prices were between $12.21 and $17.09, with an estimated average price of $15.6. The impact to his portfolio due to this sale was less than 0.01%.
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 $5.68 billion; its shares were traded at around $22.39 with a P/E ratio of 12.4 and P/S ratio of 1.
