David Einhorn's Greenlight Capital Investor Letter leaked, here's the breakdown:
Longs closed:
Microsoft (NASDAQ: MSFT)
The letter contained this note: "Windows 8 appears to be a flop, and a decade of mismanagement has put Microsoft at risk of becoming a shrinking company"
CBS (NYSE: CBS)
Republic Airways (NASDAQ: RJET)
Seagate (NASDAQ: STX)
Sprint (NYSE: S)
Shorts covered:
JC Penney (NYSE: JCP) - Reuters reports David Einhorn covered short in JC Penney
Dick's Sporting Goods (NYSE: DKS)
Aruba Networks (NASDAQ: ARUN)
Boston Properties (NYSE: BXP)
Essex Property Trust (NYSE: ESS)
Greenhill & Co. (NYSE: GHL)
New stakes:
ING (NYSE: VOYA)
Adds Greek banks Alpha Bank and Piraeus as Longs
Longest positions held at end of 2Q:
Apple (NASDAQ: AAPL)
General Motors (NYSE: GM)
Marvel Technology (NASDAQ: MRVL)
Oil States International (NYSE: OIS)
Vodafone (NASDAQ:
VOD)
Shares of JCP, VOYA, BXP, ESS, and DKS climbed to session highs as details of the letter were released.
Einhorn's Greenlight Capital returned 2.1% for 2Q and has seen a 7.1% gain YTD.
Read more:
https://www.benzinga.com/news/13/07/3788007/einhorns-investor-letter-leaks-sends-multiple-shares-to-session-highs#ixzz2aBYeJUe3