After Profitable Lehman Short, What Else Is David Einhorn Trading? Health Mgmt (HMA), Patriot Coal (PCX), Microsoft (MSFT) Among Others
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David Einhorn of Greenlight Capital has been making headlines recently related to his short sale on Lehman Brothers (NYSE: LEH). Einhorn is now sitting on a hefty profit in the position as Lehman has dropped in value as the credit crunch plays out.
With returns of 27% per year, Einhorn has shown that he can play both sides of the market. Today we want to take a look at some of his long bets. Here are a few interesting tidbits from Greenlight Capital's latest 13F.
New Positions:
EchoStar Corp. (Nasdaq: SATS) new 1,785,416 share stake
Energy Partners Ltd. (NYSE: EPL) new 1,581,460 shares stake
Patriot Coal (NYSE: PCX) new 1,281,779 share stake
WellPoint Inc. (NYSE: WLP) new 477,557 share stake
Raised Stakes:
Ameriprise Financial Inc. (NYSE: AMP) raises stake by 1,006,846 shares to 6,600,407 shares
Health Management Associates Inc. (NYSE: HMA) raises stake by 11,395,865 shares to 21,095,865 shares
Microsoft (Nasdaq: MSFT) raises stake by 5,395,500 shares to 14,945,000
URS Corp (NYSE: URS) raised stake by 1,585,587 shares to 3,875,000 shares
Target (NYSE: TGT) raised stake by 2,478,190 shares to 8,395,631 shares
Lowered Stakes:
Helix Energy Solutions Group, Inc. (NYSE: HLX) lowered stake 2,883,146 shares to 6,236,854 shares
Walter Industries Inc. (NYSE: WLT) lowered 1,345,295 shares to 0
SAIC, Inc. (NYSE: SAI) lowered stake 3,437,496 shares to 3,484,098 shares
Link to full 13-F
Greenlight Capital is an activist hedge fund started by activist David Einhorn in 1996. The fund annually boasts a return of 27 percent going back 10 years.
You can also track all Greenlight Capital related news at StreetInsider.com here. StreetInsider.com Premium members can get e-mail alerts when there is new Greenlight Capital news.
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