Weatherford International plc (WFRD): David Einhorn Trims Position

We just covered 15 Under-the-Radar Picks from David Einhorn That Are Quietly Dominating 2026 and Weatherford International plc (NASDAQ:WFRD) ranks 6th on this list.

Weatherford International plc (NASDAQ:WFRD) has been a constant feature in the 13F portfolio of Greenlight Capital since the first quarter of 2022. Back then, this position comprised 703,000 shares. By the third quarter of 2022, the fund had grown this to over 750,000 shares. A period of trimming followed, during which the fund reduced the stake to around 177,000 shares. However, in mid-2025, it started buying up the stock again. Filings for the fourth quarter of 2025 show that it owned 743,000 shares in the firm, down 22% compared to filings for the previous quarter.

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Hedge funds are piling into Weatherford International plc (NASDAQ:WFRD) stock due to the ability of the firm to drive massive profits even on lower revenues. Earlier this month, the company reported an Adjusted EPS of $1.49, crushing the consensus estimate of $1.07 by nearly 40%. Despite a 3% dip in revenue due to the Iran conflict and divestitures, net income rose 42% year-over-year. Funds like the fact that Weatherford has trimmed over $150 million in costs since 2025, allowing more cash to flow to the bottom line as global activity stabilizes. The firm has announced plans to move the parent company from Ireland to Texas. The move is explicitly aimed at supporting the goal of achieving a 50% free cash flow conversion rate.

While we acknowledge the risk and potential of WFRD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WFRD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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