Einhorn's Greenlight Capital Continues to Build Gold Position (GLD, GDX), Raises EMC Stake, Gets Long PFE/WYE Merger

May 18, 2009 11:05 AM EDT

David Einhorn's Greenlight Capital hedge fund issued its 13F for the quarter ended 3/31/09 on Friday. Einhorn increased his long 'Gold' exposure (GLD, GDX) on inflation fears, raised his stake in EMC, built a new position in merger-duo PFE and WYE. He also got long a couple of retailers: AEO & JNY.

Highlights From the Filing:

  • -Raises stake in SPDR Gold Shares (NYSE: GLD) by 514K shares to 4,209,090 shares. This is the 1st largest position valued at $385 million.
  • -Raises stake in EMC Corp (NYSE: EMC) by 2.89M shares to 12,820,000 shares. This is the 4th largest position.
  • -New 5,930,000 share stake in Pfizer (NYSE: PFE)
  • -New 1,300,000 share stake in Hess Corporation (NYSE: HES)
  • -New 1,430,000 share stake in Wyeth (NYSE: WYE)
  • -New 3,705,757 share stake in Harman International Industries Inc. (NYSE: HAR)
  • -New 1,805, 305 share stake in Con-Way, Inc. (NYSE: CNW)
  • -New 5,612,900 share stake in Jones Apparel Group, Inc. (NYSE: JNY)
  • -New 4,450,000 share stake in Discover Financial Services (NYSE: DFS)
  • -New 2,300,000 share stake in BJ Services Company (NYSE: BJS)
  • -New 1,050,000 share stake in American Eagle Outfitters Inc. (NYSE: AEO).
  • -Liquidated 1.81 million share stake in CF Industries Holdings, Inc. (NYSE: CF)
  • -Liquidated 859K share stake in Dr Pepper Snapple Group, Inc. (NYSE: DPS)
  • -Lowers stake in URS Corp (NYSE: URS) by 218K to 4,434,924 shares. This is the 2nd largest position.
  • -Lowers stake in CommScope Inc. (NYSE: CTV) by 3.28M shares to 3,717,890 shares.
  • -Maintains 3,200,000 shares stake in Market Vectors Gold Miners ETF (NYSE: GDX)


Related Categories

Insider Trades
Insiders' Blog
Trader Talk

Stocks Mentioned

AEO 15.03

-0.36 -2.34%
Volume: 3,086,992
Track AEO

BJS 18.55

-0.57 -2.98%
Volume: 2,108,416
Track BJS

CF 83.94

-1.02 -1.20%
Volume: 578,144
Track CF

CNW 30.03

-0.50 -1.64%
Volume: 414,877
Track CNW

CTV 26.35

-0.90 -3.30%
Volume: 641,222
Track CTV

DFS 15.13

-0.57 -3.63%
Volume: 2,750,954
Track DFS

DPS 26.27

-0.75 -2.78%
Volume: 1,051,856
Track DPS

EMC 16.75

-0.16 -0.95%
Volume: 6,419,950
Track EMC

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

HES 57.80

-1.59 -2.68%
Volume: 2,700,611
Track HES

JNY 17.23

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

PFE 18.25

-0.34 -1.83%
Volume: 22,830,294
Track PFE

URS 41.31

-1.41 -3.30%
Volume: 387,841
Track URS

WYE 50.39

+0.00 +0.00%
Volume: 50,253,011
Track WYE


Related Entities


Add Your Comment