A very strong month For David Einhorn’s investments … Besides gold and Resona Holdings, GLRE’s top holdings (see below) were all up over 10% in the month. More details below.
Net Monthly Returns:
November 2014: 5.5%
Net Quarterly Returns:
|Full Year|| 11.3(3)
(1) Investment returns are calculated monthly and compounded to calculate the quarterly and annual returns. Actual investment income may vary depending on cash flows into or out of the investment account. Past performance is not necessarily indicative of future results.
(2) Represents partial quarter results through 30-November-2014
(3) Represents partial year results through 30-November-2014
As of 30-November-2014, the largest disclosed long positions in our investment portfolio are Apple, gold, Marvell Technology, Micron Technology, Resona Holdings and SunEdison; our investment portfolio is approximately 108% long and 68% short. All exposure information is calculated on a delta adjusted basis and excludes credit default swaps, interest rate swaps, sovereign debt, currencies, commodities, and derivatives on any of these instruments.
Pershing Square is up 5.5% through November 25th and 42.4% YTD.
Dan Loeb had a nice November, as well. Returns below
November YTD 2014