David Einhorn can’t catch a break this year. Sprint Nextel (S) went down more than 17% so far today because of disappointing earnings number and unexpected losses in customers. Sprint lost 28 cents a share and lost 101 thousand customers. David Einhorn’s Greenlight Capital had nearly 56 Million Sprint shares at the end of first quarter. If he hadn’t changed his holdings, his loss today totals $50 Million. Here are the other hedge funds that are getting hammered by the decline in Sprint shares:
1. Curtis Macnguyen – Ivory Capital: Lost $38 Million
2. David Slager and Nat Rothschild – Attara Capital: Lost $11 Million
3. John London And Steve Weinstein – Suttonbrook Capital: Lost $8 Million
4. Francis Chou – Chou Associates Management: Lost $5.5 Million
You can check out the entire list of hedge funds that lost a bundle on Sprint here.