Investing
Greenlight, Einhorn Add Health Care; Dump Dell, RIM (AET, CI, CVH, UNH, WLP, DELL, RIMM, MSFT, GDXJ, GDX)
Published:
Last Updated:
David Einhorn and his hedge fund Greenlight Capital reported some changes to the fund’s portfolio last night. The fund added significant holdings in several health care stocks and eliminated a couple of struggling tech stocks.
Einhorn added about 3.2 million shares of Aetna Inc. (NYSE: AET) valued at $123 million; about 6.4 million shares of Cigna Corp. (NYSE: CI) worth $283 million; about 6.7 million shares of Coventry Health Care Inc. (NYSE: CVH) valued at $212 million; some 2.3 million shares of UnitedHealth Group Inc. (NYSE: UNH) valued at about $134 million; and 1.93 million shares of Wellpoint Inc. (NYSE: WLP) valued at $123 million.
Greenlight shed all its holdings in Dell Inc. (NASDAQ: DELL) and Research In Motion Ltd. (NASDAQ: RIMM), while adding calls on 5 million shares of Microsoft Corp. (NASDAQ: MSFT).
The fund also dumped all its 1.2 million shares in the Market Vectors Junior Gold Miners ETF (NYSEMKT: GDXJ), and shaved its position in the Market Vectors Gold Miners ETF (NYSEMKT: GDX).
The SEC filing is available here.
Paul Ausick
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
