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Must-know: Greenlight Capital’s 2Q positions

Smita Nair

Overview: Greenlight Capital's 2Q positions (Part 1 of 7)

Greenlight Capital’s 2Q positions

Greenlight Capital’s recent 13F filing reveals new positions and disposals during 2Q14. In this series, we’ll go through some of the main positions that Greenlight Capital, founded by David Einhorn, traded this past quarter. The value of the U.S. long portfolio was $7.18 billion in the second quarter. It was up from $6.67 billion in the first quarter.

The fund initiated new positions in Civeo Corp. (CVEO), AerCap Holdings NV (AER), Time Inc. (or TIME), and Chemtura Corp. (CHMT). It added to its positions in SunEdison Inc. (SUNE) and Lam Research (LRCX). Greenlight Capital’s top positions sold were Rite Aid Corp. (or RITE), Nokia (or NOK), and Penn National Gaming (or PENN)—accounting for below 1% of the total second quarter portfolio. The top 10 positions are outlined in the table below.

According to a Newswire report, Greenlight Capital reported a 2.9% decline last month. However, it’s up 3.6% for the year. The fund’s second quarter investor letter noted that its technology positions—like Apple, Lam Research, Marvell Technology, and Micron Technology—have robust prospects.

Continue to Part 2

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