How Did Billionaire David Einhorn’s Top Bets Perform in Q4?

#2 General Motors Company (NYSE:GM)

– Shares Owned by Greenlight Capital (as of September 30): 16.3 million

– Value of Holding (as of September 30): $490 million

Owing largely to the 13.3% rise it saw during the fourth quarter, shares of General Motors Company (NYSE:GM) managed to end 2015 nearly flat. Although the number of funds with long positions in the company declined by 16 to 88 during the third quarter, the number of funds founded and/or managed by billionaires went up by two to 14. Billionaire David Tepper‘s Appaloosa Management LP reduced its stake in General Motors Company by 22% to 12.88 million shares during the July-September period.

On January 13, the company made several positive announcements for its shareholders, which included raising its 2016 earnings outlook by 5% or $0.25 per share, increasing its stock repurchase program to $9 billion from $5 billion and raising its quarterly dividend to $0.38 per share from $0.36 per share. General Motors Company is scheduled to report its third-quarter earnings early next month and the Street has a consensus estimate of $1.20 in EPS on revenue of $37.87 billion. For the same quarter last year, General Motors Company delivered EPS of $1.19 on revenue of $39.60 billion.