Latest Transactions of David Einhorn Q4 2024

Highlights

Biggest Buys

1. Weatherford International plc (WFRD) Greenlight Capital dramatically increased its position in Weatherford International by 157.49%, purchasing 279,300 shares at an average price of $82 per share. Weatherford is a leading provider of equipment and services for oil and gas drilling, completion, and production. This substantial investment suggests Einhorn sees significant upside in the energy services sector despite the ongoing energy transition.

2. Capri Holdings Ltd. (CPRI) Einhorn nearly doubled his stake in Capri Holdings with a 93.60% increase, adding 1,017,072 shares at an average purchase price of $21.50 per share. Capri Holdings is the luxury fashion group that owns brands including Michael Kors, Versace, and Jimmy Choo. This significant position increase may indicate confidence in the luxury retail market's recovery or potential value in the company's brand portfolio.

3. CNH Industrial NV (CNH) Greenlight Capital expanded its position in CNH Industrial by 44.21%, purchasing 3,137,820 shares at an average price of $11.30 per share. CNH Industrial is a global leader in agricultural and construction equipment manufacturing. This substantial addition suggests Einhorn may be bullish on infrastructure development and agricultural demand moving forward.

Biggest Sells

1. Alight Inc. (ALIT) Einhorn significantly reduced his position in Alight by 71.70%, selling 8,493,184 shares at an average price of $7.20 per share. Alight is a leading provider of cloud-based human capital and business solutions. This major reduction might indicate concerns about the company's growth prospects or valuation in the current market environment.

2. HP Inc. (HPQ) Greenlight Capital trimmed its stake in HP by 40.22%, selling 1,420,210 shares at an average price of $35.50 per share. HP is a global technology company known for personal computing and printing solutions. This reduction could reflect concerns about consumer technology spending or a strategic shift away from mature technology companies.

3. Kyndryl Holdings Inc. (KD) Einhorn reduced his position in Kyndryl by 23.60%, selling 1,161,907 shares at an average price of $29 per share. Kyndryl is an IT infrastructure services provider that was spun off from IBM in 2021. This partial exit might indicate a reassessment of the company's standalone performance and growth trajectory.

These transactions highlight Greenlight Capital's strategic portfolio adjustments in Q4 2024, with increased investments in industrial and retail sectors and a significant reduction in technology and business services holdings. Einhorn's moves suggest a potential sector rotation strategy, possibly positioning for economic conditions anticipated in 2025.

All Transactions

The information is provided for educational purposes only and does not constitute financial advice or recommendation and should not be considered as such. Do your own research.