Greenlight Capital

Q2 2016 13F · by David Einhorn, portfolio manager

As of: Jun 30, 2016
Filed: Aug 15, 2016
US stock: $5.5B · prev $5.9B
Positions: 45 · prev 42
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves45 since the prior filing

+19.2 pp in · −19.6 pp out

New 13 +13.35 pp
Added 9 +5.82 pp
Trimmed 13 −4.48 pp
Exited 10 −15.12 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 81% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions41% of US stock

AAPL Apple Inc. trimmed−3.16 pp trimmed−3.1612.0%
GM General Motors Company added+0.79 pp added+0.798.9%
AER Aercap Holdings N.V. added+1.08 pp added+1.087.0%
unresolved Consol Energy Inc trimmed+0.82 pp trimmed+0.826.5%
TWX Time Warner Inc trimmed−0.76 pp trimmed−0.766.4%

Positions45 in this filing · 10 exited


AAPLApple Inc.	12.02%	6,854,740	$655M	trimmed−17%	−3.16 pp	13 q
GMGeneral Motors Company	8.94%	17,211,867	$487M	added+13%	+0.79 pp	6 q
AERAercap Holdings N.V.	7.02%	11,396,308	$383M	added+26%	+1.08 pp	9 q
unresolvedConsol Energy Inc	6.49%	22,000,000	$354M	trimmed−26%	+0.82 pp	8 q
TWXTime Warner Inc	6.36%	4,716,809	$347M	trimmed−18%	−0.76 pp	7 q
unresolvedMichael Kors Hldgs Ltd	4.39%	4,835,095	$239M	trimmed−28%	−2.13 pp	5 q
GDXVanEck Gold Miners ETF	4.19%	8,240,596	$228M	new	+4.19 pp	new
MYLMylan NV	3.92%	4,945,000	$214M	added+71%	+1.65 pp	3 q
GRBKGreen Brick Partners, Inc	3.22%	24,118,668	$175M	held	—	7 q
unresolvedYahoo Inc	3.04%	4,408,000	$166M	held	—	7 q
AGRAvangrid, Inc.	2.81%	3,323,000	$153M	trimmed−5%	+0.43 pp	3 q
CCThe Chemours Company	2.48%	16,409,886	$135M	added+86%	+1.43 pp	3 q
unresolvedTwenty First Centy Fox Inc	2.37%	4,768,079	$129M	held	—	5 q
unresolvedHatteras Finl Corp	2.28%	7,577,500	$124M	added+20%	+0.75 pp	2 q
VOYAVoya Financial, Inc.	2.25%	4,943,301	$122M	added+13%	+0.03 pp	9 q
DDSDillard's, Inc. Class A	2.16%	1,947,272	$118M	added+24%	−0.10 pp	5 q
TTWOTake-Two Interactive Software Inc	1.90%	2,733,466	$104M	trimmed−4%	+0.08 pp	11 q
ACMAecom	1.79%	3,069,706	$98M	trimmed−5%	+0.10 pp	8 q
LBTYKLiberty Global Ltd. Class C	1.73%	3,294,780	$94M	held	—	13 q
unresolvedDsw Inc	1.65%	4,250,000	$90M	added+21%	+0.01 pp	3 q
YELPYelp Inc.	1.62%	2,900,000	$88M	trimmed−10%	+0.53 pp	3 q
unresolvedCalpine Corp	1.53%	5,660,000	$83M	new	+1.53 pp	new
unresolvedRite Aid Corp	1.42%	10,330,000	$77M	new	+1.42 pp	new
HUMHumana Inc.	1.27%	384,300	$69M	held	—	3 q
unresolvedAmaya Inc	1.11%	3,962,684	$61M	new	+1.11 pp	new
IACIIac / Interactivecorp (De) Com Stk	1.06%	1,021,900	$58M	trimmed−12%	+0.13 pp	13 q
PVHPVH Corp.	1.06%	614,770	$58M	held	—	2 q
unresolvedCigna Corporation	1.02%	435,000	$56M	held	—	3 q
TPHTri Pointe Homes, Inc.	0.97%	4,496,061	$53M	trimmed−6%	+0.01 pp	7 q
unresolvedCnx Coal Res LP	0.93%	5,488,438	$51M	held	—	4 q
PRGOPerrigo Company PLC	0.88%	527,834	$48M	new	+0.88 pp	new
CORCencora, Inc.	0.78%	535,000	$42M	new	+0.78 pp	new
unresolvedArris Intl Inc	0.72%	1,870,000	$39M	new	+0.72 pp	new
unresolvedHertz Global Holdings Inc	0.67%	3,300,000	$37M	new	+0.67 pp	new
LBTYALiberty Global Ltd. Class A	0.66%	1,243,018	$36M	held	—	13 q
FMCFMC Corporation	0.61%	719,600	$33M	new	+0.61 pp	new
unresolvedQuorum Health Corp	0.57%	2,900,000	$31M	new	+0.57 pp	new
UHALU-Haul Holding Company	0.54%	78,687	$29M	new	+0.54 pp	new
CYHCommunity Health Systems, Inc.	0.53%	2,419,017	$29M	added×2.2	+0.18 pp	2 q
unresolvedTerraform Pwr Inc	0.35%	1,758,825	$19M	trimmed−38%	−0.07 pp	3 q
1LGEUSDLiberty Global PLC Lilac - C	0.24%	411,079	$13M	new	+0.24 pp	new
LAMRLamar Advertising Co	0.18%	148,072	$10M	held	—	2 q
unresolvedTerraform Global Inc	0.11%	1,880,191	$6M	trimmed−1%	+0.03 pp	4 q
99998USDLiberty Global PLC Lilac - A	0.09%	155,084	$5M	new	+0.09 pp	new
VODVodafone Group PLC	0.06%	100,000	$3M	trimmed−90%	−0.49 pp	10 q
MMacy's Inc.	—	−7,056,400	—	exited	−5.28 pp	—
unresolvedMkt Vectors Gld Miners ETF	—	−8,240,596	—	exited	−2.79 pp	—
ACTAllergan PLC	—	−437,200	—	exited	−1.99 pp	—
unresolvedAmerican Capital Agency Corp	—	−4,800,000	—	exited	−1.52 pp	—
unresolvedE M C Corp Mass	—	−2,475,000	—	exited	−1.12 pp	—
BAXBaxter International Inc.	—	−1,198,663	—	exited	−0.84 pp	—
unresolvedIngram Micro Inc	—	−1,053,304	—	exited	−0.64 pp	—
OISOil States International, Inc.	—	−887,428	—	exited	−0.47 pp	—
GSATGlobalstar, Inc.	—	−11,263,715	—	exited	−0.28 pp	—
SUNEQSunedison Inc	—	−21,054,173	—	exited	−0.19 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 16 unresolved
Accession: 0001079114-16-000025
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search