Latest news with #DavidEinhorn
Bloomberg
2 days ago
- Business
- Bloomberg
Bloomberg Wealth: David Einhorn
Greenlight Capital Founder and President David Einhorn discusses the challenges of value investing in the current market environment, his investment approach, and the performance of his fund over the years. Einhorn expresses concern about the US government's fiscal and monetary policies, which he believes are fundamentally inflationary. He speaks with David Rubenstein on this week's episode of Bloomberg Wealth. This episode was recorded April 10 in New York. (Source: Bloomberg)
Bloomberg
28-05-2025
- Business
- Bloomberg
Greenlight Capital's Einhorn Is Net Long Europe, Neutral on US
Greenlight Capital Inc. founder David Einhorn is long Europe, particularly the region's industrials, after seeing tailwinds from government stimulus efforts, falling global energy prices and the prospect of a peace deal in Ukraine. Einhorn is also wary of America's ability to accept pain when it comes to a trade war with China, because 'no one seems to be interested in empty shelves,' he said in an interview at the Sohn conference in Montreal on Wednesday. But China's technological sophistication, its cheaper labor and the fact that it's long been preparing for economic conflict with the US means America should 'be prepared to be punched in the face.'
Yahoo
17-05-2025
- Business
- Yahoo
Billionaire investor David Einhorn explains why gold will keep rising — and it's got nothing to do with inflation
"Gold is not about inflation," David Einhorn told CNBC. The billionaire investor says gold is rising on deficit fears. His fund crushed the S&P 500 last quarter thanks to a big bet on gold. David Einhorn's Greenlight Capital crushed last quarter by betting big on gold, and the hedge fund boss said the metal's big rally isn't done yet. Einhorn said that he sees gold continuing to rise even after a record-setting run so far in 2025, but he also said he'd be concerned if the price rose significantly higher. "I'd be really happy if it went to $3,500 or $3,800; I'd be really unhappy if it went to $30,000 or $50,000," the billionaire investor told CNBC on the sidelines of the Sohn Investment Conference in New York. Bullion briefly peaked at $3,500 per ounce in April, a move many have tied to tariff-linked inflation concerns. Gold is historically considered the premier hedge against runaway price growth, which could justify the metal's 22% surge so far this year. But even as prices have eased to a one-month low amid softer inflation data, Einhorn sees gold continuing to rally for other reasons. "Gold is not about inflation. Gold is about the confidence in the fiscal policy and the monetary policy," he said, suggesting that the government has become aggressive on both fronts, altogether contributing to a deficit policymakers are largely ignoring. In his view, gold's appreciation reflects disappointment in the efforts to slim the $1.9 trillion federal budget deficit. Einhorn pointed to the Department of Government Efficiency, an agency that initially promised to slash $2 trillion in federal spending. "A few months have gone by — It's like $150 billion, maybe," Einhorn said. "That's enough to cover next year's defense funding spending increase; that's going to get eaten up really, really fast." The same goes for tariffs, which the administration touted as a massive boost to government revenue. But Einhorn said the new duties appear set to bring in around $100 billion. Fiscal concerns will also continue to grow with the new tax policy, with Trump expected to extend his 2017 tax cuts. The bill unveiled by Congress this week is expected to add trillions to the deficit over 10 years. "We're not really concerned about the deficit. There's a bipartisan agreement to do nothing about the deficit until we actually get to the crisis," Einhorn summarized. If this continues to propel gold higher, that should continue to boost Greenlight's portfolio. The hedge fund beat the S&P 500 with an 8.2% gain in the first quarter, previously noting that gold's 19% advance made it the fund's "biggest winner." However, doubt has risen as to whether the precious metal can keep climbing this year. ING expects gold to average $3,128 per ounce through 2025, citing that some tailwinds are losing momentum. Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
16-05-2025
- Business
- Miami Herald
Billionaire fund manager makes $40 million bet on Dollar Tree
It has been getting increasingly difficult to tell what's a good investment and what's simply a flash in the pan. Several healthcare and pharmaceutical stocks that were darlings of the past several years, for example, are some of the worst performers of 2025 so far. Related: Popular outdoor retailer closing all stores, no bankruptcy Moderna is down over 43% on the year, while United Health is down over 45%. A couple of years ago, however, both of these stocks would have been easy recommendations to your neighbor or curious friend at dinner. Several key factors have made investing a murkier process nowadays. A higher cost of living and persistent inflation has shied many investors away from big swings. And the ongoing drama between China and the U.S. as tariffs are brought on and off the table makes things like trade and value even more complicated. On the other hand, some of the top performing stocks in the S&P in 2025 have been a smattering across multiple sectors. Palantir is up over 70% in 2025 as of this writing. More Retail: Home Depot makes drastic budget-friendly move to take on Lowe'sStruggling cosmetics brand sounds alarm, laying off thousandsPopular Trader Joe's wine brand has bad news, making harsh choiceStruggling retail chain sounds the alarm on growing problem Philip Morris is up about 40%. And Uber is up 27%. For investors seeking value, however, it can be hard to justify buying some of the highest flying stocks at what could be their near-term highs. So some fund managers are looking for areas of opportunity, and some of those pockets might be in the embattled retail space. So David Einhorn's DME Capital Management has acquired 440,000 shares of Dollar Tree (DLTR) . The stake was likely acquired for around $40.5 million. Dollar Tree was trading at an average price of $92 during Q1 2025, when the position was opened. Analysts have set a one-year price target for Dollar Tree at $85.01, which indicates a minor downside, though Einhorn is known for identifying value targets. Related: Popular retailer raises red flag, multi-million dollar write-down Dollar Tree is in the midst of a turnaround plan. In 2015 it acquired rival Family Dollar for approximately $9 billion. In 2025, it sold Family Dollar for a steep loss at $1 billion. About 900 Family Dollar stores will be shuttered around the U.S. while Dollar Tree opens up about 300 new stores. It will also increase price points up to about $7 and begin offering more high-interest inventory. Dollar Tree currently trades at about $86.58 as of this writing. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
15-05-2025
- Business
- Yahoo
David Einhorn's Strategic Moves: Core Natural Resources Inc. Takes Center Stage with 3. ...
Warning! GuruFocus has detected 1 Warning Sign with GRBK. David Einhorn (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. David Einhorn (Trades, Portfolio) is president of Greenlight Capital, a value-oriented investment advisor founded in 1996. The hedge fund is based in New York. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor, taking positions in companies, and then pushing management to implement changes. David Einhorn (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Dollar Tree Inc (NASDAQ:DLTR), with 436,360 shares, accounting for 1.66% of the portfolio and a total value of $32.76 million. David Einhorn (Trades, Portfolio) also increased stakes in a total of 14 stocks, among them: The most notable increase was Core Natural Resources Inc (NYSE:CNR), with an additional 813,999 shares, bringing the total to 2,208,640 shares. This adjustment represents a significant 58.37% increase in share count, a 3.18% impact on the current portfolio, and a total value of $170,286,150. The second largest increase was Teck Resources Ltd (NYSE:TECK), with an additional 913,337 shares, bringing the total to 2,000,000. This adjustment represents a significant 84.05% increase in share count, with a total value of $72,860,000. David Einhorn (Trades, Portfolio) completely exited 4 holdings in the first quarter of 2025, as detailed below: Invesco S&P 500 Equal Weight ETF (RSP): David Einhorn (Trades, Portfolio) sold all 27,530 shares, resulting in a -0.25% impact on the portfolio. SPDR Retail ETF (XRT): David Einhorn (Trades, Portfolio) liquidated all 59,810 shares, causing a -0.24% impact on the portfolio. David Einhorn (Trades, Portfolio) also reduced positions in 9 stocks. The most significant changes include: Reduced Peloton Interactive Inc (NASDAQ:PTON) by 5,519,279 shares, resulting in a -52.45% decrease in shares and a -2.47% impact on the portfolio. The stock traded at an average price of $7.85 during the quarter and has returned -35.21% over the past 3 months and -27.24% year-to-date. Reduced CNH Industrial NV (NYSE:CNH) by 2,158,180 shares, resulting in a -21.09% reduction in shares and a -1.26% impact on the portfolio. The stock traded at an average price of $12.54 during the quarter and has returned 4.61% over the past 3 months and 18.27% year-to-date. At the first quarter of 2025, David Einhorn (Trades, Portfolio)'s portfolio included 33 stocks. The top holdings included 27.96% in Green Brick Partners Inc (NYSE:GRBK), 8.62% in Core Natural Resources Inc (NYSE:CNR), 8.23% in Brighthouse Financial Inc (NASDAQ:BHF), 6.58% in Kyndryl Holdings Inc (NYSE:KD), and 5.18% in PENN Entertainment Inc (NASDAQ:PENN). The holdings are mainly concentrated in 9 of all the 11 industries: Consumer Cyclical, Energy, Technology, Healthcare, Financial Services, Industrials, Basic Materials, Communication Services, and Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
