David Einhorn

David Einhorn

Last Update: 2014-10-09

Number of Stocks: 40
Number of New Stocks: 5

Total Value: $7,177 Mil
Q/Q Turnover: 11%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

David Einhorn' s Profile & Performance

Profile

David Einhorn is President of Greenlight Capital (a value-oriented investment advisor). Through August 2006, Einhorn had achieved annual returns of 29% since starting Greenlight in May of 1996.

Web Page:http://www.greenlightcapital.com/

Investing Philosophy

Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor, taking positions in companies, and then pushing management to implement changes.

Total Holding History

Performance of Greenlight Re

YearReturn (%)S&P500 (%)Excess Gain (%)
201319.631.55-11.9
20127.115.4-8.3
20112.12.080.0
3-Year Cumulative30.8 (9.4%/year)55 (15.7%/year)-24.2 (-6.3%/year)
20101115.06-4.1
200932.126.465.6
5-Year Cumulative91.8 (13.9%/year)125.5 (17.7%/year)-33.7 (-3.8%/year)
2008-17.6-3719.4
20075.95.610.3
200624.415.798.6
200514.24.919.3
20045.212-6.8
10-Year Cumulative150.1 (9.6%/year)104.1 (7.4%/year)46 (2.2%/year)

Top Ranked Articles

Ira sohn Investment Conference Notes
Greetings. Yesterday (May 26, 2010) was the 2010 Ira Sohn Investment Conference. The conference is run by Doug Hirsch and Dan Nir and it remembers Ira Sohn, who died of cancer after a brief Wall Street career. The proceeds go to help pediatric cancer treatment centers including, The Tomorrows Children Fund at Hackensack Medical Center and NY Presbyterian Hospital/Weill Cornell Medical Center. You can get more information at http://www.irasohnconference.com/ Read more...
Slideshows From The Value Investing congress
This will be my last article on the value investing congress. Read more...
10 Reasons Why a Stock Can Be Undervalued
If you find a stock that you believe is undervalued, it is important to try to determine the reason for the undervaluation. As Buffett wrote about poker in his 1987 letter to shareholders, "If you've been in the game 30 minutes and you don't know who the patsy is, you're the patsy." Read more...
Will David Einhorn Buy Marvell Again as Price Drops Further?
David Einhorn makes few investing mistakes. Since he reported his second-quarter portfolio, only one of his stocks is cheaper today than when he bought it: Marvell Technology Group Ltd. (MRVL). When the price declined 28 percent in the second quarter, Einhorn said he used it as “an opportunity to increase our stake in the company.” His colleague Daniel Loeb of Third Point, meanwhile, exited his position. As the stock continued a 19 percent slide in the third quarter (42 percent year to date), it left many to wonder if it is still the deal Einhorn thought it was. Read more...
Recent Thoughts on Market Valuations
It seems that most of what I read these days points to an overheated market. Here is a breakdown of what a couple well-known and respected managers (and one college professor) have said on the topic as of late: Read more...
» More David Einhorn Articles

Commentaries and Stories

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Rating: 3.8/5 (6 votes)

Invest In These Hedge Funds At A Discount David Einhorn, Daniel Loeb, Bill Ackman - Invest In These Hedge Funds At A Discount
As of the close on 10/13/2014, Greenlight Reinsurance (GLRE), Third Point Reinsurance (TPRE), and Pershing Square Holdings (AEX:PSH) were selling at discounted prices compared to their book values. These three companies are led by 3 of the top investing gurus we follow, David Einhorn, Daniel Loeb, and Bill Ackman. More...

Hedge, Hedge fund, Greenlight Reinsurance, Third Point Reinsurance, Pershing Square Holdings


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David Einhorn Buys 10% of Civeo Corp, Calls to Oust CEO David Einhorn - David Einhorn Buys 10% Of Civeo Corp, Calls To Oust CEO
Greenlight Capital founder David Einhorn (Trades, Portfolio) has raised his bet on one of his holdings, Civeo Corp (CVEO) by 73.2%, according to GuruFocus Real Time Picks. More...

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Top Movers of the Day: Nike and Micron Technologies
Nike (NKE) and Micron Technologies (MU), a manufacturer of semiconductor memory chips, were the top two movers on Sept. 26 after the stocks jumped almost 9% and 6%, respectively. More...

NIKE, MICRON, MICRON TECHNOLOGIES, MOVERS


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Rating: 5.0/5 (1 vote)

Ten Stocks Picked By Super Investors And You Can Buy At A Lower Price Than The Gurus Paid
It is important to learn from the best and clone their strategy, as noted by Mohnish Pabrai (Trades, Portfolio) of the Pabrai Investments. This author compiled a list of 60 Super Investors, with a combined asset of $428B under management, based on data from dataroma.com. Every manager in the list has a long and successful track record. A few of them, like David Einhorn (Trades, Portfolio), Bill Ackman (Trades, Portfolio), Lou Simpson (Trades, More...

LONG


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What ROE Tells Me About DSW Inc.?
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of DSW Inc. (DSW). More...

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BIOF Biofuel Energy Corp Significantly Undervalued Short Thesis is Wrong David Einhorn,Warren Buffett - BIOF Biofuel Energy Corp Significantly Undervalued Short Thesis Is Wrong
This article is response to a article written by New Capital on Seeking Alpha on the July 21, 2014 titled, "BioFuel Energy – Day Traders Pushed The Price Above Reasonable Limits." More...

BIOF BIOFUEL ENERGY CORP UNDERVALUED


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Pardon my mistake – Einhorn likely to speak on GMCR at Robin Hood
At the end of July, I did a rather detailed analysis on coat-tailing David Einhorn (Trades, Portfolio)'s Keurig Green Mountain short. More...

SHORT, COFFEE, ROBIN HOOD, CONFERENCE


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SunEdison Surprised Wall Street: It´s Time to Be Long on Energy Finance
In this article, let's take a look at SunEdison, Inc. (SUNE), a $5.76 billion market cap solar company, in which some months ago the hedge fund manager David Einhorn (Trades, Portfolio) disclosed a "large" long position, according to Bloomberg News. More...

ENERGY


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5 Minimal Peter Cundill-Like Moves For Your Portfolio
Have you read the book There's Always Something to Do by Christopher Russo-Gill? More...

VALUE INVESTING, TIM MELVIN,


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5-year lows: ARMOUR Residential REIT, EXCO Resources, Fifth Street Finance, and Atlas Resource Partners
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: ARMOUR Residential REIT Inc, EXCO Resources Inc, Fifth Street Finance Corp, and Atlas Resource Partners LP. More...

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Rating: 5.0/5 (8 votes)

Investing Gurus To Follow For The Next 30 Years David Einhorn,Carl Icahn - Investing Gurus To Follow For The Next 30 Years
At GuruFocus we follow many of the top investment managers around the globe. I like to follow the investing gurus that are in control of a publicly traded company that I can buy. The gurus I follow include Warren Buffett (Berkshire Hathaway, BRK.A), Carl Icahn (Icahn Enterprises, IEP) and Prem Watsa (Fairfax Financial, TSX:FFH, FRFHF). All of their stocks have performed well over the years. We can still make money with these gurus, but for how long? Warren Buffett (Trades, Portfolio) is 83 years old and Carl More...

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Rating: 4.7/5 (18 votes)

The Peril of Being a Copycat Charlie Munger,David Einhorn - The Peril Of Being A Copycat
An acquaintance of mine recently expressed his regret in selling out his Idenix Pharmaceuticals Inc position before it got bought out by Merck. He was frustrated by having missed out on big profits. I asked him whether he understands complicated bio-pharm. He said no, bio-pharm is out his circle of competency. Then I asked him how much research he had done, he said the minimum. In the end, I asked him why he bought the stock without doing much research. His answer was “because Klarman bought it.” More...

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Now Inc Has The Characteristics Of A Successful Spinoff David Einhorn,Ken Fisher - Now Inc Has The Characteristics Of A Successful Spinoff
In general, spinoffs have outperformed the S&P 500 in their first few years of trading. There are two recent articles on GuruFocus providing information on spinoffs and their outperformance: More...

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David Einhorn’s Top Stock Picks Post Major Gains David Einhorn - David Einhorn’s Top Stock Picks Post Major Gains
David Einhorn (Trades, Portfolio)’s hedge fund firm Greenlight Capital is up 5.4% for 2014 through May, a positive turn from the 1.5% loss he reported for the first quarter. The fund was plagued by a 61% year-to-date increase in a significant short, Keurig Green Mountain Inc. (GMCR). He also reported shorting a basket of technology stocks, where the Nasdaq 100 Technology Sector has risen 12% year to date. Athenahealth Inc. (ATHN), another short which he announced on May 5, is down 6.4% since the start of the year, but has returned to around the level it was before he made the announcement. More...

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Rating: 3.9/5 (8 votes)

Invest in Einhorn’s Portfolio Through Greenlight Re David Einhorn - Invest In Einhorn’s Portfolio Through Greenlight Re
Using the S&P 500 Grid at GuruFocus I found David Einhorn’s Greenlight Capital Re (GLRE) near the top of the list for small cap net buys from the investing gurus. There were six buys and no sales from the gurus. Greenlight Capital Re is an interesting company because it is a way to gain access to Greenlight Capital’s portfolio without needing the typical $1 million to invest in most hedge funds. More...

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David Einhorn's Greenlight Capital Re Investor Presentation - Rethinking Reinsurance
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David Einhorn AthenaHealth Short Thesis Presentation
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David Einhorn's Top-Five Holding - Greece's Alpha Bank David Einhorn - David Einhorn's Top-Five Holding - Greece's Alpha Bank
David Einhorn (Trades, Portfolio)’s Green Light Capital hedge fund was more acquisitive for international stocks last quarter, with half of its new holdings based in countries outside the U.S. In his letter to shareholders, Einhorn also mentioned that one of his top five long positions is now a Greek bank, Alpha Bank (ATH:ALPHA). The investors other top picks as of the first quarter’s end are Apple (AAPL), gold, Marvell Technology (MRVL), Micron Technology (MU) and Oil States International (OIS). More...

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Greenlight's David Einhorn Buys International Stocks in First Quarter David Einhorn - Greenlight's David Einhorn Buys International Stocks In First Quarter
In the first quarter, David Einhorn (Trades, Portfolio)’s Greenlight Capital purchased four news stocks, of which two hailed from outside the U.S. In a rising price environment, the price-conscious investor is increasingly going abroad for good values. He revealed in his first quarter letter that one of his fund’s top five positions is a Greek company, Alpha Bank AE (ATH:ALPHA), and also mentioned that he owned other Greek banks. The two new international stocks he bought in quarter one are: Resona Holdings (TSE:8308) and Altice S.A. (XAMS:ATC). More...

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Rating: 1.0/5 (1 vote)


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