David Einhorn Initiated New Positions In Northstar Realty Finance Corp. (NRF), AerCap Holdings N.V. (AER), and Chemtura Corp (CHMT)

Greenlight Capital’s portfolio, managed by David Einhorn, underwent some major changes according to the 13F SEC filing of the firm. The fund introduced stocks like AerCap Holdings N.V. (NYSE:AER), Northstar Realty Finance Corp. (NYSE:NRF), and Chemtura Corp (NYSE:CHMT). As mentioned in the 13F form, David Einhorn’s 13F portfolio registered investments of $7.18 billion as compared to $6.83 billion in the last quarter. The top five holdings of the company account for nearly 50% of its investment portfolio. (You can see entire list of David Einhorn holdings).

AerCap Holdings N.V. (NYSE:AER) is one of the recently introduced stock in Greenlight Capital’s portfolio with 2,225,000 shares worth $101 million. AerCap Holdings N.V. (NYSE:AER) account for 1.41% of Greenlight Capital’s portfolio. The company reported adjusted net income of $212.4 million with adjusted EPS of $1.29 for the second quarter 2014. AerCap Holdings N.V. (NYSE:AER) increased its fleet with 10 additional aircrafts for $0.7 billion in the second quarter and the company reported fleet utilization of 98.8% for the quarter.

Northstar Realty Finance Corp. (NYSE:NRF) is another stock added by David Einhorn with investments worth $78 million and 4,539,575 shares. It accounts for 1.09% of Greenlight’s portfolio and Northstar Realty Finance Corp. (NYSE:NRF)’s shares trade at $18.05 as of now. Northstar Realty Finance Corp. (NYSE:NRF) reported net loss of $73.6 million or earnings per share (loss) of $0.42. The company announced CAD (cash available for distribution) of $0.58 or $103.8 million for the quarter.

Northstar Realty Finance (NRF)

Greenlight Capital initiated investment in Chemtura Corp (NYSE:CHMT) with $76 million and 2,921, 428 shares. Chemtura Corp (NYSE:CHMT) accounts for 1.06% of Greenlight’s portfolio. Chemtura Corp (NYSE:CHMT) reported its second quarter 2014 results with net sales of $609 million and net earnings (loss) of $43 million. Chemtura Corp (NYSE:CHMT) has a market cap of $2.21 billion and the share is trading at $24.43.

This article has been written by Prakash Pandey and edited by Serkan Unal.

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