Einhorn's Greenlight Capital Loads Up On Pfizer (PFE), Moves Out of Gold ETF (GLD)

August 14, 2009 5:08 PM EDT

David Einhorn's Greenlight Capital hedge fund released his 13F for the quarter ended 6/30/09. Besides liquidating his massive position in ETF SPDR Gold Trust (NYSE: GLD), which was already known through a letter, Einhorn also notably raised his stake in Prizer (NYSE: PFE), showed a new put position in GE (NYSE: GE) with no underlying common stock position and a new position in Cardinal Health (NYSE: CAH).

Einhorn's moved out of the gold ETF because the costs were too high. He moved the money into gold bullion.

Notable Moves:


  • New stake 1.75 million share stake in ATP Oil & Gas Corp. (ATPG)
  • New 3.97 million share stake in Cardinal Health (NYSE: CAH)
  • Lowers stake in EMC (NYSE: EMC)
  • New PUTS on GE (NYSE: GE), but no underlying stock.
  • Raises stake in IPC Holdings Ltd. (IPCR) from 793K sharse to 1.84 million shares
  • Raises stake in Pfizer (NYSE: PFE) from 5.9 million shares to 12 million shares
  • Lowers stake in MEMC Electronic Materials Inc. (WFR) from 7.3 million shares to 3.6 million shares
  • Liquidated Con-Way (NYSE: CNW)
  • Liquidated Dow Chemical (NYSE: DOW)
  • Liquidated Jones Apparel (NYSE: JNY)
  • Liquidated large stake in SPDR Gold Trust (NYSE: GLD) (Already known, went to bullion)
  • Liquidated Western Digital (NYSE: WDC)
  • Liquidated Williams Sonoma (NYSE: WSM)
  • Liquidated Target (NYSE: TGT)


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Stocks Mentioned

CAH 32.48

+0.17 +0.53%
Volume: 3,868,382
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CNW 30.53

+0.04 +0.13%
Volume: 1,159,832
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DOW 28.52

+0.54 +1.93%
Volume: 6,395,301
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EMC 16.91

-0.03 -0.18%
Volume: 13,175,370
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GE 16.18

+0.06 +0.37%
Volume: 48,108,601
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GLD 116.62

+1.89 +1.65%
Volume: 24,463,045
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JNY 17.86

+0.24 +1.36%
Volume: 658,920
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PFE 18.59

+0.28 +1.53%
Volume: 42,086,456
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TGT 47.83

+0.37 +0.78%
Volume: 4,331,440
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WDC 38.46

+0.71 +1.88%
Volume: 1,969,282
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WSM 21.25

+0.04 +0.19%
Volume: 2,510,308
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