According to Institutional Investor's Alpha, Greenlight Capital's David Einhorn is shorting high-flying stocks Tesla Motors Inc TSLA, Netflix, Inc. NFLX and Amazon.com, Inc. AMZN.
The site said a person that was at the firm's annual meeting with investors in New York said the firm was still betting against two of the best performing stocks of 2015, plus Tesla.
Greenlight's Poor Performance
In a recent letter sent to investors, Einhorn said that the funds that he manages lost 3.8 percent in the fourth quarter of 2015 – net of fees and expenses. For the full year, Greenlight reported a loss of 20.2 percent, versus the S&P 500’s 2.15 percent decline.
According to the epistle, two of the main drivers of the firm’s losses were its short positions at Netflix and Amazon.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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