Market Overview

Einhorn's Greenlight Adds Google Shares, Apple Calls

David Einhorn's Greenlight Capital added shares of Google (NASDAQ: GOOG), the world's largest provider of Internet search services, to its stable of holdings in the fourth quarter of 2012, according to a 13F filing with the Securities and Exchange Commission. The filing was made public Thursday after the close of U.S. markets.

Greenlight held 63,000 shares of Google at the end of the fourth quarter, according to the filing. The hedge fund also held 275,000 call options in Apple (NASDAQ: AAPL) at the end of the quarter, the filing indicates.

Einhorn is pushing Apple to issue preferred stock with a dividend as a way of deploying some of the iPad maker's massive $137 billion cash hoard. Greenlight held just over 1.3 million shares of Apple at the end of last year, about what it held at the end of the third quarter.

Greenlight continues to hold 50,000 put options on Chipotle Mexican Grill (NYSE: CMG) as well as roughly 6 million shares of the Market Vectors Gold Miners ETF (NYSE: GDX).

The hedge fund maintained significant stakes in Microsoft (NASDAQ: MSFT) and General Motors (NYSE: GM) at the end of last year.

Posted-In: Long Ideas News Short Ideas Hedge Funds Movers & Shakers Events After-Hours Center Markets Best of Benzinga

 

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