David Einhorn’s Q3 Letter: Apple is now Largest Holding

David Einhorn’s latest shareholder letter (Q311).

Top holdings as of Q2 from http://www.dataroma.com

Stock% of portfolioSharesRecent activityReported Price*
histPFE – Pfizer Inc.10.8723,454,098Reduce 6.01%$20.60
histMSFT – Microsoft Corp.8.6714,819,042Add 63.40%$26.00
histAAPL – Apple Inc.8.141,077,500Add 28.66%$335.67
histS – Sprint Nextel Corp.6.7855,900,000$5.39
histCFN – CareFusion Corp.5.829,524,724Reduce 4.99%$27.17
histTRV – Travelers Companies Inc.5.514,198,211$58.38
histESV – ENSCO PLC5.064,223,604Reduce 4.15%$53.30
histBBY – Best Buy Co. Inc.4.876,887,600Add 14.79%$31.41
histBDX – Becton Dickinson4.522,331,598$86.17
histSTX – Seagate Technology4.1811,505,373Add 251.96%$16.16

Einhorn this quarter bought CBS, GM and Marvel. He sold out of Pfizer (his largest holding), BP, and covered his AMED short. Apple is now Einhorn’s largest position.

Below is the Q3 shareholder letter:



H/T to MarketFolly