Latest news with #DavidEinhorn
Yahoo
4 days ago
- Business
- Yahoo
David Einhorn's Strategic Moves: Fluor Corp Takes Center Stage with 8.42% Portfolio Share
Exploring the Latest 13F Filing of Greenlight Capital David Einhorn (Trades, Portfolio) recently submitted the 13F filing for the second 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. Warning! GuruFocus has detected 1 Warning Sign with GRBK. Summary of New Buy David Einhorn (Trades, Portfolio) added a total of 4 stocks, among them: The most significant addition was Fluor Corp (NYSE:FLR), with 3,819,580 shares, accounting for 8.42% of the portfolio and a total value of $195.83 million. The second largest addition to the portfolio was The Cigna Group (NYSE:CI), consisting of 93,750 shares, representing approximately 1.33% of the portfolio, with a total value of $30.99 million. The third largest addition was Victoria's Secret & Co (NYSE:VSCO), with 887,750 shares, accounting for 0.71% of the portfolio and a total value of $16.44 million. Key Position Increases David Einhorn (Trades, Portfolio) also increased stakes in a total of 8 stocks, among them: The most notable increase was Graphic Packaging Holding Co (NYSE:GPK), with an additional 3,658,850 shares, bringing the total to 4,705,950 shares. This adjustment represents a significant 349.43% increase in share count, a 3.31% impact on the current portfolio, with a total value of $99.15 million. The second largest increase was Teva Pharmaceutical Industries Ltd (NYSE:TEVA), with an additional 3,210,577 shares, bringing the total to 3,778,777. This adjustment represents a significant 565.04% increase in share count, with a total value of $63.33 million. Summary of Sold Out David Einhorn (Trades, Portfolio) completely exited 3 of the holdings in the second quarter of 2025, as detailed below: Viatris Inc (NASDAQ:VTRS): David Einhorn (Trades, Portfolio) sold all 6,000,830 shares, resulting in a -2.65% impact on the portfolio. Dollar Tree Inc (NASDAQ:DLTR): David Einhorn (Trades, Portfolio) liquidated all 436,360 shares, causing a -1.66% impact on the portfolio. Key Position Reduces David Einhorn (Trades, Portfolio) also reduced positions in 8 stocks. The most significant changes include: Reduced Peloton Interactive Inc (NASDAQ:PTON) by 4,823,938 shares, resulting in a -96.41% decrease in shares and a -1.54% impact on the portfolio. The stock traded at an average price of $6.49 during the quarter and has returned 30.14% over the past 3 months and -0.98% year-to-date. Reduced Kyndryl Holdings Inc (NYSE:KD) by 823,910 shares, resulting in a -19.92% reduction in shares and a -1.31% impact on the portfolio. The stock traded at an average price of $36.09 during the quarter and has returned -26.85% over the past 3 months and -12.88% year-to-date. Portfolio Overview At the second quarter of 2025, David Einhorn (Trades, Portfolio)'s portfolio included 34 stocks, with top holdings including 25.59% in Green Brick Partners Inc (NYSE:GRBK), 8.42% in Fluor Corp (NYSE:FLR), 6.46% in Core Natural Resources Inc (NYSE:CNR), 6.38% in Brighthouse Financial Inc (NASDAQ:BHF), and 5.97% in Kyndryl Holdings Inc (NYSE:KD). The holdings are mainly concentrated in 8 of all the 11 industries: Consumer Cyclical, Energy, Industrials, Healthcare, Technology, Financial Services, Basic Materials, and Communication Services. 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. Sign in to access your portfolio
CNBC
4 days ago
- Business
- CNBC
Greenlight's David Einhorn dumps most of Peloton stake, adds big industrial bet
David Einhorn's Greenlight Capital shed almost all of its Peloton shares after owning the exercise bike startup for a year, according to a new 13F filing. His hedge fund reduced exposure to Peloton by more than 96% to a stake worth merely $1.2 million at the end of June, the filing showed. The star manager first invested in the tech name in the second quarter of 2024. He even pitched the stock at the Robin Hood Investors Conference while riding a Peloton bike on stage, saying shares were "significantly undervalued." Earlier this month, the company posted a surprise profit for its fiscal fourth quarter and outlined its strategy to return to growth under new CEO Peter Stern . The stock has jumped 19% this month on the back of strong earnings. Still, after rallying 42% in 2024, the stock has fallen about 2% this year, significantly underperforming the S & P 500. PTON 1Y mountain Peloton over the past 1-year period Elsewhere, Greenlight built a significant stake in industrial name Fluor last quarter. The bet worth nearly $200 million was the fund's second biggest holding at the end of June. It seems to be a value bet as the stock has fallen more than 15% this year. Einhorn, a 56-year-old Cornell grad, also picked up smaller stakes in Sotera Health , Cigna Group and Victoria's Secret last quarter. Einhorn founded Greenlight Capital nearly three decades ago and went on to produce a 26% annualized return for the next decade, far outpacing the broader market and many peers. He then thrived during the financial crisis, foreseeing the downfall of Lehman Brothers. His stellar track record made him one of the most followed hedge fund managers on Wall Street. In recent years, he's found some success purchasing value stocks that have buyback strategies in place. At the beginning of the year, Einhorn warned of speculative behavior in the bull market that he thinks has ascended to a level beyond common sense.
Bloomberg
04-06-2025
- 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
