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.
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.