We are live on !
Find out more
David Einhorn Greenlight Capital
AUM
$2.05B
Turnover
28.26%
1-Year Est. Return
78.75%
David Einhorn is the founder of Greenlight Capital, a long/short equity firm known for deep fundamental research and high-profile idea presentations. He became widely known for critical short theses and for value-oriented long positions that can diverge sharply from consensus. Einhorn’s quarterly letters and conference talks are still closely read by professional and retail investors alike.
This Fund
S&P 500
This Quarter Est. Return
-15.94%
1 Year Est. Return
+78.75%
3 Year Est. Return
+169.15%
5 Year Est. Return
+457.09%
10 Year Est. Return
+683.15%
AUM
$6.03B
AUM Growth
-$1.94B
(-24%)
Cap. Flow
-$394M
Cap. Flow % of AUM
Cap. Flow %
-6.53%
Top 10 Holdings %
Top 10 Hldgs %
64.08%
Holding
49
New
8
Increased
13
Reduced
11
Closed
7
Avg Time Held
Equity + Options
0.9
years
Top 10 Avg Time Held
Equity + Options
0.7
years
Top 20 Avg Time Held
Equity + Options
1
year
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$451M |
| 2 |
Capri Holdings
CPRI
|
+$145M |
| 3 |
CNX Resources
CNX
|
+$101M |
| 4 |
Dillards
DDS
|
+$83.8M |
| 5 |
CCR
CONSOL Coal Resources LP
CCR
|
+$78.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$440M |
| 2 |
Citizens Financial Group
CFG
|
+$343M |
| 3 |
Lam Research
LRCX
|
+$133M |
| 4 |
Spirit AeroSystems
SPR
|
+$118M |
| 5 |
SUNEDISON, INC COM
SUNE
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.98% |
| 2 | Consumer Discretionary | 22.17% |
| 3 | Communication Services | 12.92% |
| 4 | Industrials | 12.53% |
| 5 | Energy | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.07T
| $1.24B | 20.53% |
44,909,096
+15,378,812
| +52% | +$451M |
2013 Q2
9 quarters
|
|
2
General Motors
GM
$68.4B
| $489M | 8.11% |
16,298,818
+1,653,055
| +11% | +$50.6M |
2015 Q1
2 quarters
|
|
|
3
Capri Holdings
CPRI
$1.75B
| $298M | 4.93% |
7,043,700
+3,423,700
| +95% | +$145M |
2015 Q2
1 quarter
|
|
|
CBI
4
DELISTED
Chicago Bridge & Iron Nv
CBI
| $297M | 4.92% |
7,481,471
+758,014
| +11% | +$35.1M |
2014 Q4
3 quarters
|
|
|
5
CNX Resources
CNX
$5.71B
| $290M | 4.81% |
35,531,478
+8,122,895
| +30% | +$101M |
2014 Q3
4 quarters
|
|
6
AerCap
AER
$23.2B
| $281M | 4.66% |
7,344,500
+1,762,700
| +32% | +$77.9M |
2014 Q2
5 quarters
|
|
|
UIL
7
DELISTED
UIL HOLDINGS
UIL
| $264M | 4.38% |
5,250,000
+258,877
| +5% | +$12.2M |
2015 Q1
2 quarters
|
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $262M | 4.35% |
3,814,700
+36,300
| +1% | +$2.85M |
2014 Q4
3 quarters
|
|
9
Green Brick Partners
GRBK
$2.76B
| $261M | 4.33% |
24,118,668
| – | – |
2013 Q2
9 quarters
|
|
|
10
Micron Technology
MU
$1.05T
| $185M | 3.07% |
12,371,980
-25,577,566
| -67% | -$440M |
2013 Q3
8 quarters
|
|
11
Aecom
ACM
$7.92B
| $178M | 2.95% |
6,469,412
-44,092
| -0.7% | -$1.28M |
2014 Q3
4 quarters
|
|
12
ON Semiconductor
ON
$30.6B
| $163M | 2.7% |
17,305,600
| – | – |
2014 Q3
4 quarters
|
|
13
Bank of New York Mellon
BNY
$99.3B
| $157M | 2.6% |
4,000,000
| – | – |
2015 Q1
2 quarters
|
|
14
Voya Financial
VOYA
$8.77B
| $141M | 2.35% |
3,649,381
-2,226,987
| -38% | -$97.9M |
2013 Q2
9 quarters
|
|
|
15
DELISTED
SUNEDISON, INC COM
SUNE
| $134M | 2.21% |
18,605,373
-6,239,215
| -25% | -$112M |
2013 Q4
7 quarters
|
|
16
Liberty Global Class C
LBTYK
$2.64B
| $128M | 2.11% |
3,581,660
-261,461
| -7% | -$10.6M |
2013 Q2
9 quarters
|
|
17
Take-Two Interactive
TTWO
$37.6B
| $119M | 1.98% |
4,158,306
| – | – |
2013 Q4
7 quarters
|
|
18
VanEck Gold Miners ETF
GDX
$25.5B
| $117M | 1.94% |
8,517,796
| – | – |
2013 Q2
9 quarters
|
|
|
19
Dillards
DDS
$10.4B
| $108M | 1.8% |
1,241,500
+866,500
| +231% | +$83.8M |
2015 Q2
1 quarter
|
|
20
People Inc
PPLI
$2.78B
| $97.9M | 1.62% |
8,393,111
-550,532
| -6% | -$7.31M |
2013 Q2
9 quarters
|
|
21
O-I Glass
OI
$988M
| $96.8M | 1.6% |
4,670,000
+340,567
| +8% | +$7.24M |
2015 Q2
1 quarter
|
|
|
TFCFA
22
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $86.3M | 1.43% |
3,200,000
+1,500,000
| +88% | +$44.8M |
2015 Q2
1 quarter
|
|
|
SC
23
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $78.1M | 1.29% |
3,823,180
+1,650,929
| +76% | +$38M |
2015 Q1
2 quarters
|
|
24
Applied Materials
AMAT
$314B
| $73.4M | 1.22% |
5,000,000
-3,000,000
| -38% | -$50.1M |
2015 Q2
1 quarter
|
|
25
DELISTED
Tri Pointe Homes
TPH
| $62.6M | 1.04% |
4,786,061
| – | – |
2014 Q4
3 quarters
|
|
Similar funds
AAM
David Einhorn's Q3 2015 Portfolio in Review
As of Q3 2015, David Einhorn held 49 positions worth $6.03B, down 24% from $7.97B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Einhorn withdrew a net $394M in Q3 2015, closing 7 positions and reducing 11 holdings. Its most notable exit was Citizens Financial Group, an estimated $343M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, David Einhorn opened a new position in CONSOL Coal Resources LP worth $61.7M.
- David Einhorn's largest Q3 2015 buy was CONSOL Coal Resources LP: 5,488,438 shares worth $61.7M.
- David Einhorn added most to Apple in Q3 2015, an estimated $451M increase.
- David Einhorn's biggest Q3 2015 reduction was Micron Technology, cutting an estimated $440M.
- David Einhorn fully exited Citizens Financial Group in Q3 2015, selling an estimated $343M.
- David Einhorn's ten largest holdings make up 64% of its $6.03B portfolio in Q3 2015.
- David Einhorn opened 8 new positions and closed 7 in Q3 2015.
- David Einhorn's portfolio value fell 24% quarter-over-quarter to $6.03B.
Based on Greenlight Capital's 13F filing for Q3 2015, filed 16 Nov 2015.