Market Overview

Greenlight Capital Trims Apple, Best Buy Stakes

Greenlight Capital, the hedge fund run by billionaire investor David Einhorn, released its second-quarter 13-F filing after market close on Tuesday, revealing the fund's long equity holdings as of June 30.

Greenlight dumped its stakes in Dell (NASDAQ: DELL), HCA (NYSE: HCA), and Research in Motion (NASDAQ: RIMM).

The hedge fund also trimmed its positions in Apple (NASDAQ: AAPL), Best Buy (NYSE: BBY), Delphi (NASDAQ: DLPH), Carefusion (NYSE: CFN), and Compuware (NASDAQ: CPWR).

Einhorn's hedge fund raised its position in numerous stocks. These included Microsoft (NASDAQ: MSFT), Sprint (NYSE: S), Xerox (NYSE: XRX), General Motors (NYSE: GM), Seagate Technology (NYSE: STX), Computer Sciences (NYSE: CSC) and Barrick Gold (NYSE: ABX).

Among the new positions added to the fund were Humana (NYSE: HUM), Hess (NYSE: HES), Genworth Financial (NYSE: GNW), United Health (NYSE: UNH), Coventry Health (NYSE: CVH), Virgin Media (NASDAQ: VMED), and Wellpoint (NYSE: WLP).

The filing also showed that Greenlight Capital had purchased 44,000 put options on Chipotle Mexican Grill (NYSE: CMG), which would appreciate in value if the stock price falls.

Posted-In: Hedge Funds Movers & Shakers General

 

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