Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Long-Term Returns of David Einhorn’s 5 Activist Targets

In this article, we discuss long-term returns of David Einhorn’s 5 activist targets. You can read our detailed analysis of Einhorn’s activist targets and their historical performance and go directly to read Long-Term Returns of David Einhorn’s Activist Targets

5. AerCap Holdings N.V. (NYSE:AER

Activist Investment: 2014
Long Term Returns: 200%
S&P 500 Average Gain: 97%

AerCap Holdings N.V. (NYSE:AER) is a company that engages in the lease financing sale and management of commercial flight equipment globally. It also offers aircraft asset management services such as remarketing aircraft and engines. Einhorn initiated a new position in the company in 2014.

For years, Einhorn never had issues with AerCap Holdings N.V. (NYSE:AER) until it entered the market to acquire GE Capital Aviation Services in a $30 billion deal. When the deal closed in 2021, Greenlight Capital also sold its entire stake in the company.

Follow Aercap Holdings N.v. (NYSE:AER)

4. CNX Resources Corporation (NYSE:CNX

Activist Investment: 2014
Long Term Returns: -75%
S&P 500 Average Gain: 24%

CNX Resources Corporation (NYSE:CNX) is engaged in the management and development of coal operations of CONSOL Energy in Pennsylvania. The company shot to the limelight in 2014 when activist investor David Einhorn acquired stakes in the company, believing it was highly undervalued.

As an activist investor, Einhorn believed it was the right call to spin off CNX Resources Corporation (NYSE:CNX)’s coal business into a separate entity as one of the ways of unlocking value. However, the investment would go bad as the coal industry faced multiple challenges, such as environmental rules, falling demand, low prices, and competition from natural gas and other green energy sources.

CNX Resources Corporation (NYSE:CNX)’s stock fell from $40 in 2014 to less than $10 a share in 2016, resulting in CNX Coal Resources trading below its IPO price of $15 a share. In 2021, the activist investor reduced his stake in the company after the coal miner slumped by 50%.

Follow Cnx Resources Corp (NYSE:CNX)

3. SunEdison

Activist Investment: 2014
Long Term Returns: -90%
S&P 500 Average Gain: 24%

SunEdison is one of the leading solar power companies. The company develops and sells silicon wafers and photovoltaic energy solutions. It operates through two business segments: Semiconductor Material and Solar Energy. It was one of Einhorn’s activist targets in 2014 as he praised its business model of developing and selling solar projects to yields.

Nevertheless, the activist investor believed the company was highly undervalued and needed to unlock its full growth potential. Therefore, he pushed for the company to sell projects to yields at the attractive process and reinvest the proceeds on new projects.

The company would come under pressure in 2015, imploding by nearly 90%. The implosion came after it announced a deal to acquire a residential solar company while it was in a poor cash position.

Greenlight Management pushed for a seat on the board and the ability to buy stock in the company more efficiently. The activist investor was also looking to sell some of the company’s assets or the entire company as one of the ways of unlocking value.

The company would bow to pressure and offered Einhorn board seats as he had amassed a 6.8% stake in the company. The company filed for bankruptcy protection in 2016 after an aggressive binge of debt-dueled acquisitions proved unsustainable.

2. Civeo Corporation (NYSE:CVEO)

Activist Investment: 2014
Long Term Returns: -64%
S&P 500 Average Gain: 15%

Civeo Corporation (NYSE:CVEO) is a company that offers accommodation and hospitality services to Canada’s oil and gas industry. It develops lodges, villages, and mobile assets, including modular, skid-mounted accommodation and central facilities for short- to medium-term accommodation needs. Einhorn took a stake of nearly 10% in the company in 2014.

Following the investment, the activist investor conversed with the board and management, urging them to replace the CEO and leverage the balance sheet to return profits to shareholders. According to the activist investor, the CEO had lost the support and confidence of shareholders.

In regulatory filings, Greenlight Management asked Civeo Corporation (NYSE:CVEO)’s board to take on leverage and make its capital structure more appropriate for a real estate company. Civeo Corp had sought to transform into a real estate investment trust after coming under pressure as oil prices plunged in the second half of 2014.

Einhorn publicly objected to the REIT plan in October and consequently became an activist. He started unloading his stakes in the company in 2015 after conceding in the fourth quarter of 2014 that he had misunderstood the company’s business and how it would react to falling commodity prices.

Follow Civeo Corp (NYSE:CVEO)

1. General Motors Company (NYSE:GM)

Activist Investment: 2015
Long Term Returns:  84%
S&P 500 Average Gain: 190%

General Motors Company (NYSE:GM) is a company that designs, builds, and sells trucks, crossovers, cars, and automobile parts. It also provides software-enabled services and subscriptions worldwide. Einhorn’s Greenlight Capital took a new stake in the automaker in 2015, a year after selling off its position in the company.

Following the acquisition, the activist investor started pushing for the creation of two classes of stock and accused the company of misleading credit rating agencies about the plan. The famed short seller investor cranked up the pressure in 2017 on launching a website that encouraged shareholders to vote for the fund’s proposal. The push came after General Motors Company (NYSE:GM) rejected the hedge fund’s push to appoint three directors and divide the common stock into two classes.

Einhorn had reiterated that their proposals would help unlock tens of billions of dollars in shareholders’ value without changing General Motors Company (NYSE:GM)’s business strategy, capital allocation priorities, or financial policy. Nevertheless, Einhorn’s proposals were shot down in 2017 at an annual shareholders’ meeting.

Follow General Motors Co (NYSE:GM)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on Long-Term Returns of Carl Icahn’s 40 Activist Targets and Jim Chanos’ 10 Short Positions in 2023.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s what to do next:

1. Subscribe to our Premium Readership Newsletter for just $9.99 a month. (33% Off – was $14.99).

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

<b>Cancel anytime.</b> Turn off auto-renewal via our website with just a click.

 

Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

This exclusive offer is for NEW newsletter subscribers ONLY! Join our Premium Readership Newsletter for only $0.99 and become part of a savvy investor community.!

This offer vanishes in 7 days, so don’t miss your chance to lock in market beating returnsSign up NOW! The monthly newsletter comes with a 30-day, no-risk money-back guarantee. This offer is available to the first 1000 new investors who respond.

Regular price $9.99/mo. Cancel anytime.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.