Apple Inc. (AAPL) and Yelp Inc (YELP) Are Part of Billionaire David Einhorn’s Major Moves

#2 Yahoo! Inc. (NASDAQ:YHOO)

– Shares Owned by Greenight Capital (as of March 31): 4.41 Million

– Value of Holding (as of March 31): $162.26 Million

Einhorn more than doubled his fund’s holding in Yahoo! Inc. (NASDAQ:YHOO), which represented about 2.75% of the portfolio at the end of March. The company is in the midst of an auction for its core assets and also an activist battle with Jeffrey Smith’s Starboard Value, which believed that the current Yahoo! board couldn’t be trusted with the sale, as they lack the appropriate expertise for such a transaction. After Yahoo! agreed to add four independent directors, including Smith himself, Starboard dropped its demand for the nine-director slate that it had purported earlier. Yahoo! Inc. (NASDAQ:YHOO)’s stock has surged by about 12.7% since the start of this year. Owl Creek Investment, which is led by Jeffrey Altman also upped its stake in the once thriving search engine company by 77% to 15.05 million shares during the March quarter.

#1 Apple Inc. (NASDAQ:AAPL)

– Shares Owned by Greenight Capital (as of March 31): 8.21 Million

– Value of Holding (as of March 31): $895.14 Million

Having hiked its Apple Inc. (NASDAQ:AAPL) holding by 30% during the January-March period, Greenlight clearly doesn’t think that the tech giant’s best days are behind it, even as sliding iPhone sales and market saturation have turned many investors bearish. Shares of Apple have tumbled down by about 17% since mid-April amid disappointing financial results and news that the company will stretch production cuts into the second quarter reached the market. Activist investor Carl Icahn, who had been one of the most bullish Apple Inc. (NASDAQ:AAPL) shareholders, exited the stock during the first quarter, due to concerns regarding its sales in China, as he said in a recent interview.

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