Among the many investment firms that filed second-quarter 13Fs on Friday, there’s David Einhorn’s Greenlight Capital, a hedge fund with an equity portfolio worth more than $7.97 billion.
Between April and June, the firm acquired six new stocks, increased its exposure to another eight, trimmed it in 15 more and sold out of nine positions. Following these transactions, 40 percent of its assets were allocated to information technology stocks, 17 percent to consumer discretionary stocks and 15 percent to industrials stocks. The rest was put in utilities, telecoms, energy, finance, materials, healthcare and transportation stocks.
Below is a brief look at some of the fund’s top positions and most interesting moves of the quarter.
Apple
The largest institutional investor of record in the company is the Vanguard Group, which last disclosed ownership of more than 5.5 percent of the company (327,508,974 shares). In the hedge fund world, Carl Icahn holds the most valuable position in Apple, with 52,760,848 shares, worth more than $6.6 billion.
Sunedison And Micron Technology
Following these transactions, Greenlight disclosed ownership of 24,844,588 shares of Sunedison (worth about $743 million) and 37,949,546 shares of Micron (valued at roughly $714 million).
Despite the slight reduction in its stake, the firm continues to be the largest institutional investor of record in Sunedison, trailed by the Vanguard Group, which acknowledged holding 19,783,042 shares, or 7.3 percent of the total shares outstanding.
In Micron, Greenlight is the largest hedge fund shareholder. However, once again, the Vanguard Group is the largest overall institutional investor, with 60,728,139 shares of the company. Also bullish on the chipmaker is Seth Klarman’s Baupost Group, which declared owning 19,706,035 shares as of the end of the second quarter.
Closed Out Positions
Hedge funds Highland Capital Management and Taconic Capital Advisors also disposed of all of their Keysight shares over the second quarter. The firms held 301,650 shares and 325,000 shares, respectively.
New Stakes
Yet again, the Vanguard Group is the largest institutional investor in both these companies, with 68,329,918 shares of the tech company and 12,905,450 shares of the apparel retailer.
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