David Einhorn Buys Helix Energy Solutns, Employers Holdings, Hewitt Associates Inc., Sells American Home Mortgage Investments, Fidelity National Financial In, Hospira Inc.

Author's Avatar
May 21, 2007
Hedge fund manager David Einhorn looks for mispriced stocks in market. These are his buys and sells during the first quarter. David Einhorn owns 19 stocks with a total value of $1.9 billion.


David Einhorn buys Helix Energy Solutns, Employers Holdings, Hewitt Associates Inc., sells American Home Mortgage Investm, Fidelity National Financial In, Hospira Inc., Kbr Inc, New Century Financial Corp., Radisys Corp., Western Union Compan during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Greenlight Capital Inc. David Einhorn owns 19 stocks with a total value of $1.9 billion. These are the details of the buys and sells.





New Purchases: EIG, HEW, HLX,


Added Positions: SAI, WLT,


Reduced Positions: CF, FICC, MERC,


Sold Out: AHM, FNF, HSP, KBR, RSYS, WU,





Added: Walter Industries Inc. (WLT, Financial)


David Einhorn added to his Holdingsn Home Construction company Walter Industries Inc. by 398.3%. His purchase prices were between $24.71 and $28.39, with an estimated average price of $25.7. The impact to his portfolio due to this purchase was 1.93%. His holdings were 1,900,000 shares as of 03/31/2007. Shares of Walter Industries Inc. were traded at around $30.49.


Added: Saic Inc (SAI, Financial)


David Einhorn added to his Holdingsn Computer Services company Saic Inc by 28.43%. His purchase prices were between $17.55 and $18.48, with an estimated average price of $18. The impact to his portfolio due to this purchase was 0.57%. His holdings were 2,918,000 shares as of 03/31/2007. Shares of Saic Inc were traded at around $18.79.


New Purchase: Helix Energy Solutns (HLX, Financial)


David Einhorn initiated Holdingsn Oil Equipment & Services company Helix Energy Solutns. His purchase prices were between $29.79 and $37.07, with an estimated average price of $32.9. The impact to his portfolio due to this purchase was 13.43%. His holdings were 7,012,991 shares as of 03/31/2007. Shares of Helix Energy Solutns were traded at around $38.88.


New Purchase: Employers Holdings (EIG, Financial)


David Einhorn initiated Holdingsn Property & Casualty Insurance company Employers Holdings. His purchase prices were between $19.27 and $22.9, with an estimated average price of $20.5. The impact to his portfolio due to this purchase was 2.7%. His holdings were 2,625,000 shares as of 03/31/2007. Shares of Employers Holdings were traded at around $20.5.


New Purchase: Hewitt Associates Inc. (HEW, Financial)


David Einhorn initiated Holdingsn Business Support Services company Hewitt Associates Inc.. His purchase prices were between $25.8 and $30.12, with an estimated average price of $28.3. The impact to his portfolio due to this purchase was 2.4%. His holdings were 1,600,000 shares as of 03/31/2007. Shares of Hewitt Associates Inc. were traded at around $29.74.


Reduced: Cf Industries Holdingsnc. (CF, Financial)


David Einhorn reduced to his Holdingsn Specialty Chemicals company Cf Industries Holdingsnc. by 51.33%. His sale prices were between $26.56 and $41.79, with an estimated average price of $34.5. The impact to his portfolio due to this sale was 3.18%. David Einhorn still held 2,431,021 shares as of 03/31/2007. Shares of Cf Industries Holdingsnc. were traded at around $42.12.


Reduced: Mercer International Inc. (MERC, Financial)


David Einhorn reduced to his Holdingsn Paper company Mercer International Inc. by 72.02%. His sale prices were between $11.9 and $13.6, with an estimated average price of $12.4. The impact to his portfolio due to this sale was 0.16%. David Einhorn still held 457,945 shares as of 03/31/2007. Shares of Mercer International Inc. were traded at around $10.55.


Reduced: Fieldstone Investment Corp. (FICC, Financial)


David Einhorn reduced to his Holdingsn Real Estate Holding & Development company Fieldstone Investment Corp. by 38.54%. His sale prices were between $2.67 and $5.2, with an estimated average price of $3.9. The impact to his portfolio due to this sale was 0.16%. David Einhorn still held 1,415,067 shares as of 03/31/2007. Shares of Fieldstone Investment Corp. were traded at around $3.84.


Sold Out: Radisys Corp. (RSYS, Financial)


David Einhorn sold out his Holdingsn Computer Hardware company Radisys Corp.. His sale prices were between $15.13 and $16.88, with an estimated average price of $16.3. The impact to his portfolio due to this sale was less than 0.01%. Shares of Radisys Corp. were traded at around $13.76.


Sold Out: American Home Mortgage Investm (AHM, Financial)


David Einhorn sold out his Holdingsn Real Estate Holding & Development company American Home Mortgage Investm. His sale prices were between $23.7 and $33.8, with an estimated average price of $28.6. The impact to his portfolio due to this sale was less than 0.01%. Shares of American Home Mortgage Investm were traded at around $20.08.


Sold Out: Kbr Inc (KBR, Financial)


David Einhorn sold out his Holdingsn Heavy Construction company Kbr Inc. His sale prices were between $20.25 and $24.88, with an estimated average price of $22.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Kbr Inc were traded at around $26.78.


Sold Out: Hospira Inc. (HSP, Financial)


David Einhorn sold out his Holdingsn Pharmaceuticals company Hospira Inc.. His sale prices were between $33.85 and $40.56, with an estimated average price of $37.5. The impact to his portfolio due to this sale was less than 0.01%. Shares of Hospira Inc. were traded at around $39.74.


Sold Out: Fidelity National Financial In (FNF)


David Einhorn sold out his Holdingsn Mortgage Finance company Fidelity National Financial In. His sale prices were between $23.19 and $24.15, with an estimated average price of $23.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Fidelity National Financial In were traded at around $25.5.


Sold Out: Western Union Compan (WU)


David Einhorn sold out his Holdingsn Financial Administration company Western Union Compan. His sale prices were between $20.94 and $23.02, with an estimated average price of $21.9. The impact to his portfolio due to this sale was less than 0.01%. Shares of Western Union Compan were traded at around $21.64.