Einhorn's Greenlight Capital Shows New Large Stakes In Two Beaten-Down Stocks: HAR and JNY

March 16, 2009 5:05 PM EDT

After the close, David Einhorn Greenlight Capital hedge fund disclosed a couple of interesting portfolio moves in separate 13G filings, which indicates a passive investment of over 5%.

Einhorn disclosed:



  • A 5.1%, or 2,960,060 share, stake in Harman International (NYSE: HAR).

  • A 5.5%, or 4,657,300 share, stake in Jones Apparel Group (NYSE: JNY).
The firm did not show a stake in either at the quarter ended December 31, 2008.

David Einhorn recently made headlines related to his major long position in Gold, through Gold ETFs SPDR Gold Shares (NYSE: GLD) and Market Vectors Gold Miners ETF (NYSE: GDX) on inflation fears.


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13Gs

Stocks Mentioned

GDX 50.82

-2.01 -3.80%
Volume: 10,088,248
Track GDX

GLD 115.06

-1.56 -1.34%
Volume: 21,234,380
Track GLD

HAR 36.21

-0.81 -2.19%
Volume: 414,739
Track HAR

JNY 17.23

-0.63 -3.53%
Volume: 503,529
Track JNY


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