David Einhorn’s Greenlight Capital Closes Dell, Best Buy [Updated]

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David Einhorn’s Greenlight Capital Closes Dell, Best Buy [Updated]
David Einhorn InsiderMonkey (CC BY-ND 2.0)

 

David Einhorn's Greenlight Capital Closes Dell, Best Buy [Updated]

David Einhorn, the famous hedge fund manager, has just released his second quarter letter. The firm suffered a 3.2% drop in the second quarter, but is up 3.4% for the year. Einhorn criticizes the actions of European Central Bank, and the constant cycle, which he noted in an earlier letter.

Mohnish Pabrai’s Lessons From Buffett, Munger And Life

Mohnish PabraiEarlier this month, value investor Mohnish Pabrai took part in a Q&A session with William & Mary College students. Q3 2021 hedge fund letters, conferences and more Throughout the discussion, the hedge fund manager covered a range of topics, talking about his thoughts on valuation models, the key lessons every investor should know, and how Read More

The biggest winner is a short position in Green Mountain Coffee Roasters Inc.  (NASDAQ:GMCR), which fell from $46.84 to $21.78 per share.

Einhorn discloses new short positions, but does not give names. He is long  CIGNA Corporation (NYSE:CI) and Coventry Health Care, Inc. (NYSE:CVH).  Einhorn notes that, ‘the entire sector had been battered in anticipation of Obamacare.’

Einhorn sold out of Best Buy Co., Inc. (NYSE:BBY), noting stiff competition from Amazon.com, Inc. (NASDAQ:AMZN), and questioning whether BBY is a value trap. The full letter is embedded below:

H/T Deal Breaker

Greenlight Q2 Letter to Investors

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