David Einhorn

David Einhorn

Last Update: 11-21-2017

Number of Stocks: 39
Number of New Stocks: 8

Total Value: $6,274 Mil
Q/Q Turnover: 17%

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 (%)
20167.211.96-4.8
2015-20.21.38-21.6
20148.713.69-5.0
3-Year Cumulative-7 (-2.4%/year)29 (8.9%/year)-36 (-11.3%/year)
201319.632.39-12.8
20127.116-8.9
5-Year Cumulative19.1 (3.6%/year)98.2 (14.7%/year)-79.1 (-11.1%/year)
20112.12.11-0.0
20101115.06-4.1
200932.126.465.6
2008-17.6-3719.4
20075.95.490.4
10-Year Cumulative55.6 (4.5%/year)95.7 (6.9%/year)-40.1 (-2.4%/year)
200624.415.798.6
200514.24.919.3
20045.210.88-5.7

Top Ranked Articles

David Einhorn Discusses Tesla, GM, Pitches Tempur Sealy at Dallas Investing Conference Guru gave best ideas at charity event
Greenlight Capital’s David Einhorn (Trades, Portfolio) discussed some of his favorite stock picks in an interview at the 11th Annual Great Investors’ Best Ideas Investment Symposium in Dallas on Tuesday. Read more...
Positive Feedback Loop of Passive Funds The popularity of passive funds may have changed the market paradigm
The stock market keeps reaching new highs and passive fund inflows have also reached new highs. According to FactSet data, the total exchange-traded fund (ETF) inflow has reached $369 billion year to date, a new annual record with two months left in 2017. At the same time, the actively managed equity funds and hedge funds continue to suffer outflows due to poor performances. Anecdotally, even some of the best value fund managers have suffered. The Wall Street Journal reported David Einhorn (Trades, Portfolio)'s Greenlight Capital had a 15% redemption in mid-year 2017. CNBC further added the fund was down 0.2% through July versus the Standard & Poor's 9% return. Bill Ackman (Trades, Portfolio)'s Pershing Square was up 0.9% year to date through July.
For Read more...
David Einhorn’s Top 4 New Buys Guru invests in technology, chemical, retail companies in 3rd quarter
Greenlight Capital leader David Einhorn (Trades, Portfolio) disclosed he acquired seven new holdings in the 3rd quarter. Read more...
David Einhorn Strengthens Effort to Shake Up GM Company will vote on his measures at upcoming neeting
David Einhorn (Trades, Portfolio) has picked up the lowest-P/E stock in the S&P 500 and on Wednesday strengthened his efforts to enforce changes at the resistant company. Read more...
David Einhorn Buys Buffett’s Monsanto, Retail, Apple in Q4 Greenlight investor follows and diverges from crowd
David Einhorn (Trades, Portfolio) matched some big investors and diverged from the majority in his fourth-quarter buying activity. Read more...
» More David Einhorn Articles

Commentaries and Stories

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David Einhorn's Top 5 Buys of 3rd Quarter Greenlight Capital founder releases portfolio David Einhorn - David Einhorn's Top 5 Buys Of 3rd Quarter
David Einhorn (Trades, Portfolio), founder of Greenlight Capital, returned 5.5% in the third quarter. Longs contributed 9.1% of the returns, and shorts detracted 2.9%. More...

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Rating: 5.0/5 (1 vote)

Why AerCap Holdings Is One of Only 5 Stocks Mohnish Pabrai Likes The guru is struggling to find value in the US David Einhorn, Mohnish Pabrai - Why AerCap Holdings Is One Of Only 5 Stocks Mohnish Pabrai Likes
Mohnish Pabrai (Trades, Portfolio), one of the best and most respected value investors  today, does not like U.S. stocks. More...

AERCAP, MOHNISH PABRAI, VALUE, VALUE INVESTING


  • Currently 4.33/5

Rating: 4.3/5 (3 votes)

David Einhorn’s Top 4 New Buys Guru invests in technology, chemical, retail companies in 3rd quarter David Einhorn - David Einhorn’s Top 4 New Buys
Greenlight Capital leader David Einhorn (Trades, Portfolio) disclosed he acquired seven new holdings in the 3rd quarter. More...

GREENLIGHT, EINHORN, BUYS, 3Q


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Ken Heebner Buys 5 Basic Materials Stocks in 3rd Quarter Guru releases quarterly portfolio Ken Heebner,David Einhorn,Mario Gabelli,Charles Br - Ken Heebner Buys 5 Basic Materials Stocks In 3rd Quarter
Capital Growth Management co-founder Ken Heebner (Trades, Portfolio) initiated 21 new positions in the third quarter. Among these, he invested in five basic materials stocks: The Chemours Co. (NYSE:CC), POSCO (NYSE:PKX), Anglo American PLC (NGLOY), Builders FirstSource Inc. (NASDAQ:BLDR) and Norbord Inc. (NYSE:OSB). More...

HEEBNER, BUYS, GROWTH, BASIC MATERIALS, 3Q


  • Currently 4.00/5

Rating: 4.0/5 (4 votes)

Positive Feedback Loop of Passive Funds The popularity of passive funds may have changed the market paradigm David Einhorn, Bill Ackman - Positive Feedback Loop Of Passive Funds
The stock market keeps reaching new highs and passive fund inflows have also reached new highs. According to FactSet data, the total exchange-traded fund (ETF) inflow has reached $369 billion year to date, a new annual record with two months left in 2017. At the same time, the actively managed equity funds and hedge funds continue to suffer outflows due to poor performances. Anecdotally, even some of the best value fund managers have suffered. The Wall Street Journal reported David Einhorn (Trades, Portfolio)'s Greenlight Capital had a 15% redemption in mid-year 2017. CNBC further added the fund was down 0.2% through July versus the Standard & Poor's 9% return. Bill Ackman (Trades, Portfolio)'s Pershing Square was up 0.9% year to date through July. For More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Positive Feedback Loop of Passive Funds The popularity of passive funds may have changed the market paradigm David Einhorn, Bill Ackman - Positive Feedback Loop Of Passive Funds
Last week, the stock market reached new highs and passive fund inflows also reached new highs. According to FactSet data, the total exchange-traded fund (ETF) inflow has reached $369 billion year to date, a new annual record with two months left in 2017. At the same time, the actively managed equity funds and hedge funds continue to suffer outflows due to poor performances. Anecdotally, even some of the best value fund managers have suffered. The Wall Street Journal reported David Einhorn (Trades, Portfolio)’s Greenlight Capital had a 15% redemption in mid-year 2017. CNBC further added the fund was down 0.2% through July versus the Standard & Poor’s 9% return. Bill Ackman (Trades, Portfolio)'s Pershing Square was up 0.9% year to date through More...

  • Currently 4.60/5

Rating: 4.6/5 (5 votes)

David Einhorn Discusses Tesla, GM, Pitches Tempur Sealy at Dallas Investing Conference Guru gave best ideas at charity event David Einhorn,Bruce Berkowitz,Mario Gabelli,T Boon - David Einhorn Discusses Tesla, GM, Pitches Tempur Sealy At Dallas Investing Conference
Greenlight Capital’s David Einhorn (Trades, Portfolio) discussed some of his favorite stock picks in an interview at the 11th Annual Great Investors’ Best Ideas Investment Symposium in Dallas on Tuesday. More...

EINHORN, GREENLIGHT, DALLAS, CONFERENCE, TESLA, TEMPUR SEALY, GM


  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

Rite Aid Plummets on Weak Quarterly Sales, Revenue Following failed takeover, FTC approved the sale of 1,932 stores to Walgreens last week David Einhorn,Paul Singer,Mario Gabelli,Steven Coh - Rite Aid Plummets On Weak Quarterly Sales, Revenue
Drugstore chain Rite Aid Corp. (NYSE:RAD) reported its second-quarter 2018 results before the opening bell on Sept. 28. More...

RITE AID, EARNINGS, MISS, DOWN, WALGREENS, DEAL


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David Einhorn Starts Hewlett Packard Enterprise Position in 2nd Quarter Most of guru’s transactions are sells David Einhorn - David Einhorn Starts Hewlett Packard Enterprise Position In 2nd Quarter
David Einhorn (Trades, Portfolio), president of Greenlight Capital, seeks long-term capital appreciation through investments that have the potential to achieve consistent returns and safeguard capital. During the second quarter, the activist investor entered a position in Hewlett Packard Enterprise Co. (NYSE:HPE) and eliminated four positions from his portfolio: Time Warner Inc. (NYSE:TWX), Liberty Global PLC (NASDAQ:LBTYK), Syngenta AG (NYSE:SYT) and Cigna Corp. (NYSE:CI). More...

DAVID EINHORN


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Dislocations Create Fine Opportunities Hedge fund manager David Einhorn has found long and short opportunities by using multiple forms of analysis to identify gaps between intrinsic value and market value David Einhorn, Bill Ackman, Warren Buffett - Dislocations Create Fine Opportunities
More...

GURUS, DAVID EINHORN, GREENLIGHT CAPITAL, GREENLIGHT CAPITAL RE, VALUE INVESTING, FUNDAMENTAL ANALYSIS, PSYCHOLOGY, LIQUIDITY ANALYSIS, TECHNICAL ANALYSIS,


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

The Tesla vs. GM Battle Continues in Greenlight Capital's 2nd-Quarter Letter David Einhorn comments on both companies even though he views them as separate positions and not as a pair trade David Einhorn - The Tesla Vs. GM Battle Continues In Greenlight Capital's 2nd-Quarter Letter
David Einhorn (Trades, Portfolio)’s second-quarter 2017 letter is out. In it, he comments on both his long General Motors Co. (NYSE:GM) position and his short Tesla Inc. (NASDAQ:TSLA) position. The full letter is embedded below. He broke up the commentary on purpose as it is not intended to be a pair trade, although it could be one. Quoted from the letter, emphasis mine: More...

LONG, SHORT, AUTO


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The Car Company Beating Tesla A maker of classic, expensive automobiles has higher returns across all time periods, but that might change soon David Einhorn - The Car Company Beating Tesla
Electric car company Tesla (NASDAQ:TSLA) has taken center stage this year, with the drama of high returns, sudden stock tumbles and short-seller pontifications. But in the past two years, a traditional, fossil-fuel-loving, luxury car company, Ferrair (NYSE:RACE), has raced past the one promising to redefine the future on a long- and short-term basis. More...

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Rating: 2.0/5 (1 vote)

Rite Aid: A David Einhorn Bargain Stock No merger deal with Walgreens, but the stock could still pop David Einhorn, Mario Gabelli, Leucadia National - Rite Aid: A David Einhorn Bargain Stock
The merger between Rite Aid Corp. (NYSE:RAD) and Walgreens Boots Alliance Inc. (NASDAQ:WBA) disintegrated over the last six months, with the deal finally being called off in June. The company remains open and operating. Rite Aid still plans to sell 2,186 stores - about half of its locations - to Walgreens for $5.2 billion, using those proceeds in addition to the $325 million termination fee to pay down $7 billion in debt that has been crushing the balance sheet for years. More...

RETAIL, WALGREENS, RITE AID, STOCKS, INVESTING, HEALTHCARE, DRUG STORES, PHARMACY


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

David Einhorn Sells Apple, Time Warner, FMC Guru's largest 1st-quarter sales David Einhorn,Warren Buffett,Ken Fisher,Spiros Seg - David Einhorn Sells Apple, Time Warner, FMC
David Einhorn (Trades, Portfolio) is president of Greenlight Capital (a value-oriented investment adviser). He manages a portfolio composed of 37 stocks with a total value of $7.195 billion. During the first quarter the guru sold shares in the following stocks: More...

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Mason Hawkins Buys Consol Energy, Viasat, Sonic Guru's largest 1st-quarter buys Mason Hawkins,David Einhorn,Arnold Schneider,Steve - Mason Hawkins Buys Consol Energy, Viasat, Sonic
Mason Hawkins (Trades, Portfolio) has been chairman and CEO of Southeastern Asset Management since 1975, and he and his partners manage the Longleaf Partners Funds. He manages a portfolio composed of 92 stocks with a total value of $9.839 billion. During the first quarter the guru bought shares in the following stocks: More...

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David Einhorn Comments on General Motors Company Guru stock highlight
While it was quiet on the portfolio front, we made more noise than usual (and more than we’d like) by making public our idea for General Motors Company (NYSE:GM) to unlock tens of billions of dollars of shareholder value. As a general matter, we prefer to avoid public activism. The last time we did this was with AAPL in 2013 after owning the stock for three years. This is a similar situation; we had owned GM shares for years before advancing our idea to management. More...

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David Einhorn Comments on Perrigo Guru stock highlight
Perrigo (NYSE:PRGO) is the largest manufacturer of private label over -the-counter (OTC) pharmaceutical products for U.S. retailers and pharmacy chains. Over the past decade the company acquired other business lines, including a portfolio of European OTC brands (Omega), a generics pharmaceutical business, and a royalty stream on a large multiple sclerosis drug that has since been divested. In November 2015, shareholders rejected a hostile takeover offer from Mylan worth $175 per share after the then-CEO laid out ambitious standalone earnings targets. Unfortunately for shareholders, these targets proved far too optimistic and the CEO ultimately departed. After several large guidance cuts, we believe the new management team has now set achievable earnings forecasts. Omega’s business suffered from large restructuring expenses last year that should not recur and has additional margin upside as it streamlines its product portfolio. The company also has a dominant market position in its core U.S. OTC business and should continue to grow profits in this segment. We believe the U.S. OTC business and Omega have profit and growth characteristics More...

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David Einhorn Comments on Xerox Guru stock highlight
Xerox (NYSE:XRX) spun out its business process outsourcing segment as Conduent (NYSE:CNDT) at the end of 2016. CNDT provides transaction and back-office processing for a variety of government and commercial clients. We believe CNDT is burdened with underearning contracts it can renegotiate or exit. Some business units that have been run as loss leaders can evolve to be profit centers, and management is in the process of running off other unprofitable business units. Management has also initiated a $700 million cost savings plan to further improve margins. Despite the current revenue headwinds as the business is restructured, management has committed to growing revenue by the end of 2018 and beyond, and they are incentivized to improve earnings. We purchased CNDT at an average entry price of $14.76 per share, which represents 11x our conservative case estimate for 2019 earnings. The stock ended the quarter at $16.78. More...

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David Einhorn Comments on Rite Aid Guru stock highlight
RAD (NYSE:RAD) fell from $8.24 to $4.25. We had expected that Walgreens and RAD would satisfy regulatory concerns and close the merger at $9 per share. Instead, the deal was re-cut to between $6.50 and $ 7.00, and even at this date, the regulatory concerns are not resolved. We are watching the situation carefully and we have trimmed the position, as our original thinking was incorrect. More...

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David Einhorn Comments on Gold Guru stock highlight
Gold rose over 8% to start the year. Nothing significant happened here (the White House columns are not gold yet); gold simply reversed a portion of the post-election decline it suffered last quarter. Gold remains a long-term position with a thesis that global fiscal and monetary policies remain very risky. More...

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