After Profitable Lehman Short, What Else Is David Einhorn Trading? Health Mgmt (HMA), Patriot Coal (PCX), Microsoft (MSFT) Among Others

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.

You May Also Be Interested In

• Intel CEO to buy $12 million in company stock in recent stock offering
• Beeline CEO puts $500,000 into company via convertible note