Monday 17 November 2014

Greenlight Capital: David Einhorn Q3 2014

Greenlight Capital, an American investment fund

Greenlight Capital has as tradition holds had a quarter of high activity and once again they jumped back into a company that was sold off completely in Q2.

Several new additions were made:

AECOM TECHNOLOGY CORP DELAWA - An engineering company that are selling their services to by the look of it every available field.

CITIZENS FINL GROUP INC - A bank offering all the classical products.

COLONY FINL INC - A real estate and finance company.

CONSOL ENERGY INC - An energy company with focus on natural gas and coal.

FCB FINL HLDGS INC - A Florida community bank dealing with all the classical bank products.

INTERPUBLIC GROUP COS INC - An advertisement and digital marketing company.

KENNAMETAL INC - A metal working company producing tools and details for high wear applications such as aeroplane, mining, construction etc.

NOKIA CORP - A network, map and technology company that used to produce mobile phones in the past.

ON SEMICONDUCTOR CORP - A semiconductor, transistor and diods company.

SYNCHRONY FINL - A credit card company.

For the previous report please click on Greenlight Capital: David Einhorn Q2 2014.

David Einhorn, Greenlight Capital, Q3, 2014

Conclusion: Four companies were completely kicked out this quarter. Several new companies joined his portfolio. He keeps decreasing his share in Apple and he jumped back in Nokia again after selling them out last quarter. The turnover frequency is very high at the moment with Greenlight Capital which makes it interesting to observe but dangerous to even try to follow.

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