David Einhorn’s Greenlight Capital Portfolio: Top 5 Stock Picks

4. Change Healthcare Inc. (NASDAQ:CHNG)

Greenlight Capital’s Stake Value: $77,755,000

Percentage of Greenlight Capital’s 13F Portfolio: 4.44%

Number of Hedge Fund Holders: 48

Change Healthcare Inc. (NASDAQ:CHNG) is a healthcare technology company that offers data analytics and healthcare management solutions to improve clinical, financial, and patient outcomes in the American healthcare space. Credit Suisse analyst Jonathan Yong assumed coverage of Change Healthcare Inc. (NASDAQ:CHNG) with a Neutral rating on March 31, assigning the stock an unchanged price target of $25.75.

David Einhorn’s Greenlight Capital held 3.6 million shares of Change Healthcare Inc. (NASDAQ:CHNG) in Q4 2021, worth $77.75 million, accounting for 4.44% of the fund’s total 13F securities. 

Change Healthcare Inc. (NASDAQ:CHNG) on February 2 reported its Q4 results. The company posted earnings per share of $0.36, beating estimates by $0.01. The $866.07 million revenue increased 10.31% year-over-year, surpassing market consensus by $24.48 million. 

According to Insider Monkey’s Q4 data, 48 hedge funds were bullish on Change Healthcare Inc. (NASDAQ:CHNG), with combined stakes of $1.60 billion, compared to 50 funds in the earlier quarter, holding stakes in Change Healthcare Inc. (NASDAQ:CHNG) worth $1.5 billion. David Abrams’ Abrams Capital Management is the leading stakeholder of the company, with approximately 17 million shares valued at $363 million.