Greenlight And Third Point Have Strong May With 2% Returns

Greenlight And Third Point Have Strong May With 2% Returns
David Einhorn

We will not do our monthly analysis of David Einhorn’s postions and returns, since we have had a lot of great Einhorn coverage in the past few days (see the intern story, and investor day audio), and positions have not changed much; just a bit from Loeb and Einhorn below.

Via Greenlight RE

As of 31-May-2014, the largest disclosed long positions in our investment portfolio are Alpha Bank A.E., Apple, gold, Marvell Technology, Micron Technology and Oil States International; our investment portfolio is approximately 112% 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.

Li Lu In New Interview: China Is Full Of Opportunities For “Patient Investors” Who “Know The Value Of Businesses”

Li LuRecently, Bruce Greenwald carried out a virtual Fireside Chat with Li Lu, the founder and chairman of Himalaya Capital. Greenwald and Lu covered multiple topics during the discussion, addressing everything from the value investor's approach to appraising businesses and what he had learned from his great friend Charlie Munger. The duo also discussed China's economy Read More

Net Monthly Returns:

May 2014: 2.0%

Net Quarterly Returns:

 2014 2013 2012 2011 2010
1st……….      (0.7)%    5.8%  6.5%    (3.4)% (1.9)%
2nd………        6.2(2) 2.0 (3.3) (1.9) 2.6
3rd……….       — 4.0 8.8 0.1 3.6
4th……….    — 6.6 (4.4) 7.6 6.5
Full Year     5.4(3)
19.6 7.1 2.1  11.0 

Via Third Point Re

May YTD 2014
+1.7% +3.7%

UPDATE: June 2nd 2014 7:22 PM EST Loeb’s portfolio summary added below

2014-05 May Monthly Report TPRE_v001_y4fb4x

Third Point May Monthly Report TPRE

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