According to a newly amended 13D filing with the US SEC, David Einhorn‘s Greenlight Capital owns 11.31 million shares of Sunedison, Inc. (NYSE:SUNE) which represent 2.8% of the company’s outstanding stock. This is significantly less compared to 27.15 million shares Greenlight Capital held in January, as reported in a previous 13D filing.
Sunedison, Inc. (NYSE:SUNE) is a renewable-energy developer that owns and runs clean power generation assets, manufactures and sales silicon wafers and offers a variety of solar energy services. Unfortunately, over the past 12 months, the company’s shares have dropped by 98.71%. According to recent news, Sunedison is in the serious debt of about $12 billion, and some analysts predict that it could file for bankruptcy. Tesla Motors recently has hired Sunedison’s expert in grid solutions, Mohammad C. Bozchalui. Needless to say that Mr. Bozchalui was an extremely valuable representative of Sunedison’s energy storage team.
Among the hedge funds tracked by Insider Monkey, David Gallo’s Valinor Management LLC reported the most valuable position in Sunedison, Inc. (NYSE:SUNE), at the end of the fourth quarter of 2015, worth about $113.2 million in stock. Other investors that were bullish on this stock are Phill Gross and Robert Atchinson’s Adage Capital Management, Rishi Bajaj, Toby Symonds, and Steve Tesoriere’s Altai Capital and Anand Parekh’s Alyeska Investment Group.
On the other hand, investors who lost interest in this stock and cut off their stakes, are Karthik Sarma’s SRS Investment Management that has sold off the largest position worth about $89.3 million in stock, and Larry Robbins’s fund, Glenview Capital, dumped around $70.3 million worth of shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Greenlight Capital, Inc||0||6,506,504||0||6,506,504||6,506,504||1.6%|
|DME Capital Management||0||2,916,269||0||2,916,269||2,916,269||0.7%|
|DME Advisors GP||0||4,740,906||0||4,740,906||4,740,906||1.2%|
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Page 1 of 9 – SEC Filing