10 Stocks Billionaire David Einhorn Is Buying

The founder and manager of hedge fund Greenlight Capital, Einhorn has developed a reputation for a good long game and an even better short one. He has successfully gone after numerous companies over the years, including Allied Capital and Lehman Brothers. He has also launched some ultimately fruitless short campaigns, including one against Keurig Green Mountain (GMCR) that he brought an end to in 2014.

Einhorn applies many of the same principles in playing poker as he does in investing. "Both poker and investing are games of incomplete information," he said in a 2006 interview with The New York Times. "You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical."

His approach has worked out quite well. Since launching Greenlight in 1996, Einhorn has made millions of dollars for clients and amassed a personal net worth of more than a billion dollars.

According to his most recent 13F filing corresponding to June 30, Einhorn's public equity portfolio is comprised of 128 holdings valued at $8 billion.

Here are 10 stocks he appears to especially like and has been buying.

Micron Technology

Einhorn has liked Micron Technology (MU - Get Report) for quite some time and in 2015 has been increasing his stake. As of June 30, he owns 37.9 million shares valued at $715 million. The semiconductor company is his third largest position, behind only Apple (AAPL) and SunEdison (SUNE) .

Consol Energy

Consol Energy (CNX - Get Report) was what Einhorn called Greenlight's "other significant loser" in the second quarter of the year -- but that didn't stop him from adding to his position. As of June 30, he owns 22.8 million shares worth $496.6 million.

General Motors

Einhorn cashed out of General Motors (GM - Get Report) in 2013 but in 2015 is giving the automaker a second look. He bought back into the company in the first quarter of the year and increased his stake in the second. As of the end of the period, he owns 14.6 million shares valued at $488.1 million.

Green Brick Partners

Einhorn boosted his stake in Green Brick Partners (GRBK) to 24.1 million shares valued at $264.1 million. The investment was part of a maneuver alongside fellow hedge funder Dan Loeb of Third Point, who also increased his stake through a public offering of Green Brick stock in June.

UIL Holdings Corporation

Einhorn upped the ante in UIL Holdings Corporation (UIL) to 5 million shares worth $228.7 million in the second quarter of 2015.

Headquartered in New Haven, Connecticut, UIL is a diversified energy delivery company serving more than 700,000 electric and natural gas utility customers across two states.

Bank of New York Mellon

Einhorn picked up a small stake in Bank of New York Mellon (BK) in the first quarter of the year and in second increased it by more than 12 times over. He now owns 4 million shares valued at $167.9 million as of June 30.

The hedge fund manager gave nod to the investment in his second quarter letter to shareholders. He said that while it was a "challenging quarter for finding new long ideas," he managed to find a couple of small long investments -- one of which was Bank of New York Mellon.

Applied Materials

Applied Materials (AMAT - Get Report) was the other company Einhorn mentioned in his letter to investors as a new small long investment find. He picked up a new stake in the company in the second quarter, purchasing 8 million shares worth $153.8 million as of June 30.

Michael Kors

Einhorn initiated a new position in Michael Kors Holdings (KORS - Get Report) in the second quarter. As of June 30, he owns 3.6 million worth $152.4 million.

Owens-Illinois

Owens-Illinois (OI) was another new buy for Einhorn and Greenlight Capital in the second quarter. He purchased 4.3 million shares valued at $99.3 million as of the end of the period.

Owens-Illinois manufactures glass containers out of 75 plans in 21 countries. At the start of September, it completed the acquisition of the food and beverage glass container business of Mexican company Vitro in a transaction valued at $2.15 billion.

Hertz Global Holdings

Car rental company Hertz (HTZ) was also a new buy for Einhorn in the second quarter of the year. As of June 30, he owns 5.4 million shares worth $97.8 million.

Source: TheStreet