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

#1 Apple Inc. (NASDAQ:AAPL)

– Shares Owned by Greenlight Capital (as of September 30): 11.23 million

– Value of Holding (as of September 30): $1.24 billion

Apple Inc. (NASDAQ:AAPL)’s stock started 2015 on a great note, climbing by 17.5% during the first two months. However, ever since they went below the $120 mark at the start of the second-half of the year, they struggled to again trade above it and ended the fourth quarter down by 4.5%. Amid a 11.66% drop in the stock during the third quarter, Greenlight Capital raised its stakes in the company by 53%. However, the stock inched down by another 4% in the last quarter of 2015.

Recently, Apple Inc. (NASDAQ:AAPL)’s stock went below the psychological $100-mark amid growing concerns of weaker iPhone 6 sales. However, that is not the only woe faced by the company currently. In 2014, the European Commission had launched an investigation against the company’s tax arrangement in Ireland, the results of which are expected in March this year. According to experts, if the Commission rules out against Apple, the company may have to shell out over $8 billion in taxes and fines. Although the recent decline of Apple’s shares has caused agony to a lot of investors, it has also helped in pushing the company’s annual dividend yield over 2%, making it attractive for fixed income investors.

Currently the Street is waiting for the company’s fiscal 2016 first quarter results, which it is expected to report on January 26, to see if Apple can live up to the great results it reported for the same quarter last year. Analysts forecast the company to beat the EPS of $3.06 and revenue of $74.60 billion it reported for the first quarter of the last fiscal year by declaring EPS of $3.24 on revenue of $76.76 billion. Philippe Laffont’s Coatue Management reduced its stake in Apple by 21% to 6.8 million shares during the third quarter.

Disclosure: None