Greenlight Capital's Newest 13-F (ABX, EMC, CIT, BJS, BSX, FBC, MSFT)
Greenlight Capital has released their latest 13-F filing, highlighting changes in the fund's long positions between 12/31/09 and 3/31/10. Greenlight is run by noted value investor David Einhorn.
During the latest quarter, Einhorn sold out of a small position in shares of Barrick Gold (NYSE: ABX). He also liquidated another small position in BJ Services (NYSE: BJS).
Notably, Einhorn sold his entire position in shares of Boston Scientific (NYSE: BSX), which has been beset by problems. Year-to-date, BSX has lost over 24% of its market cap. Greenlight had a position worth more than $294 million in the stock as of 12/31/09, all of which his latest 13-F indicates he sold this quarter.
The hedge fund also added 4,269,507 shares of CIT Group (NYSE: CIT) and 1,750,00 shares of EMC (NYSE: EMC).
Among the other notable additions was a 33,000,000 share position in shares of Flagstar Bancorp (NYSE: FBC). Currently, FBC shares are trading at $0.56 and the company has a market cap of only 858.36 million.
Greenlight also added 3,399,200 shares of Microsoft (NYSE: MSFT) this quarter. Year to date, MSFT shares have fallen 5.05% and closed today's trading session at $28.94.
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