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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
+6.67%
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
$7.19B
AUM Growth
+$1.38B
(+24%)
Cap. Flow
+$1.36B
Cap. Flow % of AUM
Cap. Flow %
18.84%
Top 10 Holdings %
Top 10 Hldgs %
73.66%
Holding
39
New
6
Increased
6
Reduced
10
Closed
2
Avg Time Held
Equity + Options
1.5
years
Top 10 Avg Time Held
Equity + Options
1.5
years
Top 20 Avg Time Held
Equity + Options
1.6
years
Avg Time Held Equity only
1.5
years
Top 10 Avg Time Held Equity only
1.5
years
Top 20 Avg Time Held Equity only
1.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$1.52B |
| 2 |
Perrigo
PRGO
|
+$129M |
| 3 |
CNX Resources
CNX
|
+$123M |
| 4 |
Conduent
CNDT
|
+$90.7M |
| 5 |
ALR
Alere Inc
ALR
|
+$40.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$242M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$121M |
| 3 |
Chemours
CC
|
+$119M |
| 4 |
Avangrid, Inc.
AGR
|
+$59.6M |
| 5 |
Yelp
YELP
|
+$33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.45% |
| 2 | Miscellaneous | 11.37% |
| 3 | Technology | 9.96% |
| 4 | Energy | 9.34% |
| 5 | Healthcare | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
General Motors
GM
$68.4B
| $1.94B | 26.91% |
54,755,000
+41,587,036
| +316% | +$1.52B |
2015 Q1
8 quarters
|
|
|
2
CALL
General Motors
GM
$68.4B
| $636M | 8.85% |
18,000,000
-7,000,000
| -28% | -$256M |
2016 Q4
1 quarter
|
|
3
AerCap
AER
$23.6B
| $573M | 7.96% |
12,460,508
-160,817
| -1% | -$7.2M |
2014 Q2
11 quarters
|
|
|
4
Apple
AAPL
$5.07T
| $570M | 7.93% |
15,884,000
-7,346,960
| -32% | -$242M |
2013 Q2
15 quarters
|
|
|
5
CNX Resources
CNX
$5.71B
| $380M | 5.29% |
27,195,697
+8,711,889
| +47% | +$123M |
2014 Q3
10 quarters
|
|
6
Viatris
VTRS
$21.5B
| $339M | 4.71% |
8,692,307
+22,000
| +0.3% | +$887K |
2015 Q4
5 quarters
|
|
7
Green Brick Partners
GRBK
$2.76B
| $240M | 3.34% |
24,118,668
| – | – |
2013 Q2
15 quarters
|
|
8
Voya Financial
VOYA
$8.77B
| $225M | 3.12% |
5,920,853
| – | – |
2013 Q2
15 quarters
|
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $201M | 2.8% |
2,060,409
-1,250,000
| -38% | -$121M |
2014 Q4
9 quarters
|
|
|
YHOO
10
DELISTED
Yahoo Inc
YHOO
| $199M | 2.76% |
4,282,100
| – | – |
2014 Q4
9 quarters
|
|
|
11
Chemours
CC
$2.01B
| $192M | 2.68% |
5,000,000
-3,945,144
| -44% | -$119M |
2015 Q4
5 quarters
|
|
12
VanEck Gold Miners ETF
GDX
$25.5B
| $181M | 2.52% |
7,944,896
| – | – |
2013 Q2
15 quarters
|
|
|
CPN
13
DELISTED
Calpine Corporation
CPN
| $121M | 1.68% |
10,961,000
| – | – |
2016 Q2
3 quarters
|
|
14
Liberty Global Class C
LBTYK
$2.64B
| $115M | 1.6% |
3,294,780
| – | – |
2013 Q2
15 quarters
|
|
|
15
Perrigo
PRGO
$2.22B
| $113M | 1.57% |
+1,700,000
| New | +$129M |
2017 Q1
0 quarters
|
|
|
16
Conduent
CNDT
$244M
| $100M | 1.39% |
+5,960,000
| New | +$90.7M |
2017 Q1
0 quarters
|
|
17
Dillards
DDS
$10.4B
| $98.8M | 1.37% |
1,891,672
+125,000
| +7% | +$6.84M |
2015 Q2
7 quarters
|
|
|
CCR
18
DELISTED
CONSOL Coal Resources LP
CCR
| $93M | 1.29% |
5,488,438
| – | – |
2015 Q3
6 quarters
|
|
|
SYT
19
DELISTED
Syngenta Ag
SYT
| $89.8M | 1.25% |
1,015,000
+90,000
| +10% | +$7.71M |
2016 Q4
1 quarter
|
|
20
U-Haul Holding Co
UHAL
$10.8B
| $83.9M | 1.17% |
2,200,000
| – | – |
2016 Q2
3 quarters
|
|
|
RAD
21
DELISTED
Rite Aid Corporation
RAD
| $71.3M | 0.99% |
838,949
-184,199
| -18% | -$22.2M |
2016 Q2
3 quarters
|
|
|
TSG
22
DELISTED
The Stars Group Inc.
TSG
| $67.2M | 0.93% |
3,962,684
| – | – |
2016 Q2
3 quarters
|
|
23
Cigna
CI
$78.8B
| $63.7M | 0.89% |
435,000
| – | – |
2015 Q4
5 quarters
|
|
24
PVH
PVH
$3.95B
| $63.6M | 0.88% |
614,770
| – | – |
2016 Q1
4 quarters
|
|
25
People Inc
PPLI
$2.78B
| $51.7M | 0.72% |
3,925,078
-1,320,594
| -25% | -$17.2M |
2013 Q2
15 quarters
|
|
Similar funds
AAM
David Einhorn's Q1 2017 Portfolio in Review
As of Q1 2017, David Einhorn held 39 positions worth $7.19B, up 24% from $5.82B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
David Einhorn deployed $1.36B of net new capital in Q1 2017, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Perrigo: 1,700,000 shares worth $113M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 16% a quarter earlier, followed by Miscellaneous and Technology.
On the sell side, the largest reduction was Apple, an estimated $242M trimmed.
- David Einhorn's largest Q1 2017 buy was Perrigo: 1,700,000 shares worth $113M.
- David Einhorn added most to General Motors in Q1 2017, an estimated $1.52B increase.
- David Einhorn's biggest Q1 2017 reduction was Apple, cutting an estimated $242M.
- David Einhorn fully exited Avangrid, Inc. in Q1 2017, selling an estimated $59.6M.
- David Einhorn's ten largest holdings make up 74% of its $7.19B portfolio in Q1 2017.
- David Einhorn opened 6 new positions and closed 2 in Q1 2017.
- David Einhorn's portfolio value rose 24% quarter-over-quarter to $7.19B.
Based on Greenlight Capital's 13F filing for Q1 2017, filed 15 May 2017.