Summary of 13F for Einhorn's Greenlight Capital: Betting Big on Healthcare, Still Playing Gold

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David Einhorn's Greenlight Capital issued its 13F for the quarter ended December 31, 2009 yesterday after the market closed.

The value of the disclosed portfolio is up from $2.66 billion at September 30, 2009 to $3.00 billion at December 31, 2009, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

Einhorn made a huge bet on the healthcare group last quarter, taking a massive new stake in Boston Scientific (now Greenlight's 2nd largest holding), raising the fund's stake in Pfizer and also maintaining a large position in CareFusion. The fund manager also showed a new stake in CIT Group, however, it is unclear if the shares were acquired in a debt-to-equity exchange after the company emerged from bankruptcy. Greenlight also remains levered to the gold market; Einhorn maintained his 2.6% stake in the Market Vectors Gold Minter ETF.

Below are some highlights from the filing:

New Stakes:

Becton Dickinson & Co. (NYSE: BDX) 665,000 shares
Boston Scientific (NYSE: BSX) 32,668,000 shares
CIT Group (NYSE: CIT) 6,320,922 shares
Ralcorp (NYSE: RAH) 899,770 shares

Raised Stakes:

ADP (NYSE: ADP) from 1,512,500 shares to 1,560,200 shares
Everest Re (NYSE: RE) from 952,445 shares to 980,445 shares
Foster Wheeler (Nasdaq: FWLT) from 375,775 shares to 724,833 shares
Pfizer (NYSE: PFE) from 11,987,000 shares to 14,804,098 shares
URS Corp. (NYSE: URS) from 3,442,567 shares to 3,608,167 shares

Maintained Stakes:

Aspen Insurance Holdings (NYSE: AHL) 4,140,000 shares
ATP Oil & Gas (Nasdaq: ATPG) 1,332,000 shares
BioFuel Energy (Nasdaq: BIOF) 7,542,104 shares
Carefusion (NYSE: CFN) 8,718,724 shares
Einstein Noah Restaurant Group (Nasdaq: BAGL) 10,733,469 shares
Employers Holdings (NYSE: EIG) 2,325,000 shares
Fifth Street Finance (NYSE: FSC) 2,284,492 shares
Health Net (NYSE: HNT) 3,502,337 shares
Market Vectors ETF (NYSE: GDX) 3,200,000 shares
McDermott (NYSE: MDR) 3,261,620 shares
Microsoft (Nasdaq: MSFT) 3,400,000 shares
Republic Airways (Nasdaq: RJET) 3,442,800 shares
Travelers Companies (NYSE: TRV) 2,132,272 shares
Validus Holdings (NYSE: VR) 1,789,766 shares

Lowered Stakes:

Barrick Gold (NYSE: ABX) from 1,100,000 shares to 58,900 shares
BJ Services (NYSE: BJS) from 2,300,000 shares to 1,687,053 shares
Cardinal Health (NYSE: CAH) from 6,652,500 shares to 6,550,500 shares
EMC Corp. (NYSE: EMC) from 7,244,000 shares to 7,152,600 shares
Health Management Associates (NYSE: HMA) from 9,282,966 shares to 9,149,366 shares
Huntsman (NYSE: HUN) from 965,000 shares to 99,800 shares
MEMC Electronic Materials (NYSE: WFR) from 1,039,760 shares to 415,483 shares
Patterson UTI Energy (Nasdaq: PTEN) from 3,115,000 shares to 1,173,620 shares
Teradata (NYSE: TDC) from 6,197,717 shares to 2,097,717 shares