Greenlight Capital Hedge Fund Q1 Key Moves

Posted on Sunday, June 8th, 2008 | In Current Market News, Stocks to Watch

Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -

Greenlight Capital, the $3 billion hedge fund run by David Einhorn (who looks like the Doogie Howser of Hedge Funds), made the following key moves in Q1:

New Positions

1. Tyco Electronics (TEL)- 150k shares

2. Patriot Coal (PCX) – 1.3 million shares

3. Energy Partners (EPL) – 1.6 million shares

4. Echostar (SATS) – 1.9 million shares

5. Dana Holding (DAN) – 1 million shares

Sold Positions

1. Walter Industries (WLT) – 1.35 million shares

2. Scottish RE Group Limited (SKRRF.pk)- 1.9 million shares

3. Bear Stearns PUTS – sold 4.1 million PUTS

4. Goldman Sachs (GS) PUTS- sold 200k PUTS

5. Pharmerica (PMC) – sold 1.0 million shares

Modified Positions

1. Target (TGT) – added 2.5 million shares; total shares owned are 8.4 million shares

2. SAIC (SAI)- sold approximately 3.5 million shares, 1/2 of position

3. Guaranty Financial Group(GFG) (HLX) – sold 3.0 million shares- total shares owned are 6.2 million shares

5. Health Management Associates (HMA) – bought 11.0 million shares- total shares owned are 21.0 million

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