David Einhorn Is Bullish On This Newly Listed MLP

The smart money held a mixed view towards CONSOL Energy Inc. (NYSE:CNX) during the first quarter. Even though the number of hedge funds among those that we track that had investments in the company fell to 20 at the end of March from 25 at the end of last year, the aggregate investment in the company increased to $2.16 billion compared to $2.0 billion during that time. This rise came despite the stock falling by almost 18% during the first three months of the year. Aside from Greenlight, Mason Hawkins‘ Southeastern Asset Management and East Side Capital (RR Partners), managed by Steven Richman, were the largest stockholders of CONSOL Energy Inc. (NYSE:CNX) among these funds, with respective holdings of 44.95 million shares valued at $1.25 billion and 4.05 million shares valued at $112.83 million.

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