David Einhorn’s Greenlight Down Around 2% Through February

One of the ways of following David Einhorn’s performance is through the disclosures made by Greenlight Capital Re (GLRE). Greenlight Re posted on its website that it lost 0.8% in February and 1.4% through the end of February. However, this doesn’t mean that Einhorn’s flagship fund lost 1.4% so far in 2011. Insider Monkey, your source for free insider trading data, compared GLRE’s investment returns and Einhorn’s performance. In 2010, Einhorn’s flagship fund returned 15.9% but GLRE’s investment returns were only 11%. In 2009, Einhorn returned around close to 37%, but GLRE’s investments gained 32.1%. In 2008, GLRE lost 17.6% and Einhorn‘s flagship fund lost more than 20%.

David Einhorn GREENLIGHT CAPITAL

Greenlight Capital Re probably keeps a certain percentage of its funds in cash or low-risk debt instruments. As a result, GLRE underperforms Einhorn in good years and outperforms in bad years. Since this years performance is a loss of 1.4% for GLRE, this implies that David Einhorn’s flagship fund potentially lost around 2% through February.

At the end of December, Greenlight’s largest long positions were Arkema, Ensco, gold, Pfizer, and Vodafone Group. At the end of February GLRE reported that the largest disclosed long positions in the investment portfolio were Cardinal Health, Carefusion, Ensco, gold, Pfizer and Vodafone Group. Arkema lost around 2% through February, whereas Carefusion gained around 9%. Einhorn had $344 Million of Carefusion at the end of 2010. The Arkema position was at least $406 Million. This means either Einhorn reduced his Arkema holdings or added more Carefusion shares.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!