David Einhorn

David Einhorn

Last Update: 01-27-2016

Number of Stocks: 42
Number of New Stocks: 4

Total Value: $6,032 Mil
Q/Q Turnover: 18%

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 (%)
20148.713.69-5.0
201319.632.39-12.8
20127.116-8.9
3-Year Cumulative39.2 (11.7%/year)74.6 (20.4%/year)-35.4 (-8.7%/year)
20112.12.11-0.0
20101115.06-4.1
5-Year Cumulative57.8 (9.6%/year)105.1 (15.5%/year)-47.3 (-5.9%/year)
200932.126.465.6
2008-17.6-3719.4
20075.95.490.4
200624.415.798.6
200514.24.919.3
10-Year Cumulative158.4 (10%/year)109.4 (7.7%/year)49 (2.3%/year)
20045.210.88-5.7

Top Ranked Articles

Guru Stocks Trading Below Peter Lynch Value Valero and Apple among those with wide margin of safety
According to GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders. Read more...
David Einhorn May Push for SunEdison Sale Einhorn taking active position as Greenlight Capital gains board seat
SunEdison (NYSE:SUNE) is an important position for David Einhorn (Trades, Portfolio) with a 6.8% stake (4% through Greenlight Capital). SunEdison does everything from development and finances, up to installment and operation of solar power plants. It is one of the largest renewable energy companies in the world (market cap of nearly $1 billion) and is headquartered in the U.S. Read more...
David Einhorn Comments on E ON SE Guru stock highlight
We established a position in Macy’s (M), the operator of about 900 Macy’s, Bloomingdale’sand Bluemercury stores, at an average price of $45.69. Earlier in 2015, with the stock at $70,an activist argued that the store real estate could be separated to unleash a valuation in excessof $125 per share. Management determined a whole-company REIT wouldn’t provide therequired operational flexibility. Read more...
David Einhorn Comments on Mylan Guru stock highlight
We initiated a position in Mylan (NASDAQ:MYL), a global generic pharmaceuticals company. MYLshares fell 29% in the first three quarters of 2015 and over 45% from their mid-year highsafter generics rival Teva abandoned a hostile takeover bid for the company. During the fall,the market became overly focused on a series of overhangs including potential earningsdilution from a proposed and ultimately failed buyout of Perrigo (a private-label OTC business); corporate governance concerns including an unusual takeover-defense mechanism;and widespread unease about the pharmaceutical sector amidst scrutiny of specialty pharmaceutical manufacturers like Valeant. Read more...
David Einhorn Comments on Applied Materials Guru stock highlight
We entered Applied Materials (NASDAQ:AMAT) at $20.31 after the Tokyo Electron deal fell apart, with a viewthat margin improvement through cost cutting and aggressive buybacks could lead to earningsoutperformance. Despite reasonable execution and lots of share repurchases, concerns aboutoverall spending levels in the semiconductor capital equipment space mattered more. The riskof a pending cyclical downturn caused us to exit at $18.21 with a small loss. Read more...
» More David Einhorn Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Guru Stocks Trading Below Peter Lynch Value Valero and Apple among those with wide margin of safety David Einhorn, Leon Cooperman, Seth Klarman,George - Guru Stocks Trading Below Peter Lynch Value
According to GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Stocks in the Spotlight As earnings season begins to heat up, Apple disappoints, U.S. Steel comes under pressure, and Capital One comes through David Einhorn,Dodge & Cox,Diamond Hill Capital,Ray - Stocks In The Spotlight
Indexes had a nice rebound along with oil on Tuesday on renewed optimism that oil producers will look to curb production in the near future. The problem with this is twofold. For one, Saudi Arabia has been pretty adamant that it plans to keep producing oil in order to preserve market share. Second, more supply is set to hit the market, this time from Iran whose sanctions have been lifted. Neighboring Iraq is also set to increase its oil production from 3.8 million barrels per day to 4 million plus. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn May Push for SunEdison Sale Einhorn taking active position as Greenlight Capital gains board seat David Einhorn, David Tepper - David Einhorn May Push For SunEdison Sale
SunEdison (NYSE:SUNE) is an important position for David Einhorn (Trades, Portfolio) with a 6.8% stake (4% through Greenlight Capital). SunEdison does everything from development and finances, up to installment and operation of solar power plants. It is one of the largest renewable energy companies in the world (market cap of nearly $1 billion) and is headquartered in the U.S. More...

LONG, ENERGY


  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

Polaris Industries and Spirit Airlines Are on the Casualty List List of stocks that I think have been unduly punished by the marketplace. David Einhorn - Polaris Industries And Spirit Airlines Are On The Casualty List
Sometimes bad things happen to good stocks. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Einhorn Invests in Macy's Guru joins Starboard Value in acquiring a stake at around $45 per share David Einhorn - Einhorn Invests In Macy's
David Einhorn (Trades, Portfolio) has also jumped on the Macy's (NYSE:M) express along with fellow activist Starboard Value. The guru, who had a terrible 2015, is looking for some redemption, and the Macy's thesis makes a lot of sense. More...

LONG, RETAIL


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

David Einhorn Comments on ARM Holdings Guru stock highlight
Our thesis for our short position in ARM Holdings (ARM) was that falling chip prices,slowing smartphone growth and more competition from Intel would limit ARM’s potentialroyalty pool. Two of the three have occurred, but Intel’s progress has been disappointing.Also, ARM was more successful than we expected in offsetting its problems by increasing theroyalty rate it charges its customers. We covered the position at a small loss and moved on. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn Comments on Micron Technology Guru stock highlight
MU (NASDAQ:MU) was our biggest winner in 2014 and our biggest loser in 2015. We have written a lotabout it and have exited the position. When all the dust settled, our average purchase was at$19.93 and our average sale was at $22.14, generating an IRR of 14%. The coulda-woulda-shoulda perspective that this was a disaster is belied by the overall decent return we made onthe investment. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn Comments on Cairn Energy Guru stock highlight
We exited our position in Cairn Energy (LSE:CNE). The downturn in oil prices was negative but tolerable; however, the ongoing retroactive extraterritorial taxation claims by India made profitable ownership of Cairn impossible. We initiated a small position in early 2012 at £2.72and gave up at £1.54. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn Comments on Bank of New York Mellon Guru stock highlight
We decided to sell our position in Bank of New York Mellon (NYSE:BK) with a small profit. We becamemoderately less comfortable with the market exposure in both the Investment Services andInvestment Management segments and felt that the market was giving the company too muchcredit for potential earnings leverage to multiple Fed rate hikes. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn Comments on Applied Materials Guru stock highlight
We entered Applied Materials (NASDAQ:AMAT) at $20.31 after the Tokyo Electron deal fell apart, with a viewthat margin improvement through cost cutting and aggressive buybacks could lead to earningsoutperformance. Despite reasonable execution and lots of share repurchases, concerns aboutoverall spending levels in the semiconductor capital equipment space mattered more. The riskof a pending cyclical downturn caused us to exit at $18.21 with a small loss. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

David Einhorn Comments on Mylan Guru stock highlight
We initiated a position in Mylan (NASDAQ:MYL), a global generic pharmaceuticals company. MYLshares fell 29% in the first three quarters of 2015 and over 45% from their mid-year highsafter generics rival Teva abandoned a hostile takeover bid for the company. During the fall,the market became overly focused on a series of overhangs including potential earningsdilution from a proposed and ultimately failed buyout of Perrigo (a private-label OTC business); corporate governance concerns including an unusual takeover-defense mechanism;and widespread unease about the pharmaceutical sector amidst scrutiny of specialty pharmaceutical manufacturers like Valeant. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

David Einhorn Comments on E ON SE Guru stock highlight
We established a position in Macy’s (M), the operator of about 900 Macy’s, Bloomingdale’sand Bluemercury stores, at an average price of $45.69. Earlier in 2015, with the stock at $70,an activist argued that the store real estate could be separated to unleash a valuation in excessof $125 per share. Management determined a whole-company REIT wouldn’t provide therequired operational flexibility. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Einhorn Looks Back at Tough Year With 20% Losses Greenlight Capital's 4th quarter shareholder letter David Einhorn - Einhorn Looks Back At Tough Year With 20% Losses
  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Gurus Are Buying These Stocks Trading Below Peter Lynch value Goodyear Tire and Micron are undervalued by about 70% David Tepper, David Einhorn, Leon Cooperman, Steve - Gurus Are Buying These Stocks Trading Below Peter Lynch Value
According to GuruFocus' All-in-One Screener, the following are the stocks that are trading below the Peter Lynch value, and which more than five hedge fund gurus have in their portfolios. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Buffett Trims Chicago Bridge & Iron, Goldman Sachs, Walmart Guru reduces his stakes in Media General, Deere, Wabco Warren Buffett,David Einhorn,David Tepper,Joel Gre - Buffett Trims Chicago Bridge & Iron, Goldman Sachs, Walmart
Warren Buffett (Trades, Portfolio) has been called "The Oracle of Omaha" for his impressive investing prowess. He follows a value investing strategy that is an adaptation of Benjamin Graham's approach. Following are the stocks in which he reduced his stakes during the third quarter. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Is There Value in Apple? Retail and market expectations for the stock appear to differ. Company may miss sales targets, but is that a problem or an opportunity? David Einhorn,Carl Icahn - Is There Value In Apple?
Apple (NASDAQ:AAPL) is a company that is incredibly difficult to value because of its short product cycles. Earnings are high, true, but they could fall back quickly if and when next year’s product isn’t a hit. Costs are always harder to scale back as quickly. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

5-Year Lows: Kennametal, Buckle, Carpenter Technology, Suburban Propane Partners Companies that have recently reached their historical low prices David Einhorn,Joel Greenblatt - 5-Year Lows: Kennametal, Buckle, Carpenter Technology, Suburban Propane Partners
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year low prices: Kennametal Inc., Buckle Inc., Carpenter Technology Corp., Suburban Propane Partners LP. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Einhorn's Gamble on P/Es That Are Relatively Low Some reasons why these companies look promising for the future David Einhorn,Larry Robbins,John Griffin,Richard S - David Einhorn's Gamble On P/Es That Are Relatively Low
David Einhorn (Trades, Portfolio)'s Greenlight Capital disclosed an equity portfolio valued at some $6.03 billion as of the end of the third quarter. The equity portfolio is mainly invested in Technology (35%), Consumer Discretionary (21%) and Industrials (19%) stocks. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

GM Posts Strong 3rd Quarter, Reaches Agreement With Navistar General Motors returned more than $4 billion in share repurchases and dividend Warren Buffett,David Einhorn, Third Avenue Managem - GM Posts Strong 3rd Quarter, Reaches Agreement With Navistar
Automaker General Motors Co. (GM) has recently reached an agreement with Navistar International Corp. (NAV) to expand its Chevrolet commercial truck portfolio. More...


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK