Founded by David Einhorn in 1996 with a starting capital of $900,000, Greenlight Capital heavily invests in North American equities and corporate debt offers. Its November 14, 2014 SEC 13F filing shows that it has an amount of $6.8 billion worth of portfolio investment spread across a wide variety of positions. Its top holdings include Micron Technology, Inc (NASDAQ:MU), Apple Inc. (NASDAQ:AAPL), and Sunedison Inc (NYSE:SUNE). (You can see a complete list of stock holding positions of Greenlight Capital as of at the third quarter.)
Semiconductor company Micron Technology, Inc (NASDAQ:MU) has an amount of about $681 million worth investment from Greenlight Capital representing approximately 19 million shares as per latest filing. Current announcements of reduction in Greenlight Capital’s investment in the stock sent its price down 1.9%, but overlook for Micron Technology, Inc (NASDAQ:MU) is still positive, based on the following factors: revenue growth beat industry average of 18.6%, at 28.7%; share price rose to 74.10% compared to last year; and a healthy gross profit margin of 45.85%. Micron Technology, Inc (NASDAQ:MU) also shows resilience to the slowdown in the semiconductor industry. (You can see complete list of hedge funds which holds positions on MU at the end of second quarter)
iPhone maker Apple Inc. (NASDAQ:AAPL) have an investment from Greenlight Capital in the amount of about $637 million covering about 6 million shares. With a cap market currently estimated to hit the $1 trillion mark level, as reported by Reuters, Apple Inc. (NASDAQ:AAPL)’s worth is also calculated to be larger than the whole Russian stock market. Apart from Greenlight Capital, some of Apple Inc. (NASDAQ:AAPL)’s investors include Icahn Capital Lp, Soroban Capital Partners, and Citadel Investment Group.
Sunedison Inc (NYSE:SUNE), an electronic materials company, holds a Greenlight Capital investment in the amount of about $259 million for some 13 million shares. Sunedison Inc (NYSE:SUNE) is poised for market growth as it is about to buy First Wind Holdings Inc. (TERP) for $2,4 billion.
This article has been written by Nonito Guntan.