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Einhorn's Investor Letter Leaks, Sends Multiple Shares to Session Highs

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David Einhorn's Greenlight Capital Investor Letter leaked, here's the breakdown:

Longs closed:

  • Microsoft (NASDAQ: MSFT)

The letter contained this note: "Windows 8 appears to be a flop, and a decade of mismanagement has put Microsoft at risk of becoming a shrinking company"

  • CBS (NYSE: CBS)
  • Republic Airways (NASDAQ: RJET)
  • Seagate (NASDAQ: STX)
  • Sprint (NYSE: S)

Shorts covered:

  • JC Penney (NYSE: JCP) - Reuters reports David Einhorn covered short in JC Penney
  • Dick's Sporting Goods (NYSE: DKS)
  • Aruba Networks (NASDAQ: ARUN)
  • Boston Properties (NYSE: BXP)
  • Essex Property Trust (NYSE: ESS)
  • Greenhill & Co. (NYSE: GHL)

New stakes:

  • ING (NYSE: VOYA)
  • Adds Greek banks Alpha Bank and Piraeus as Longs

Longest positions held at end of 2Q:

Apple (NASDAQ: AAPL)
General Motors (NYSE: GM)
Marvel Technology (NASDAQ: MRVL)
Oil States International (NYSE: OIS)
Vodafone (NASDAQ: VOD)

Shares of JCP, VOYA, BXP, ESS, and DKS climbed to session highs as details of the letter were released.

Einhorn's Greenlight Capital returned 2.1% for 2Q and has seen a 7.1% gain YTD.

Posted-In: News Best of Benzinga

 

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