See value investor David Einhorn’s latest portfolio

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See value investor David Einhorn’s latest portfolio

David Einhorn’s Greenlight Capital has upped its bets on two key stocks during the fourth quarter. The hedge fund increased its stake in agricultural machinery company CNH Industrial by 44.2% in the *******, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Greenlight also boosted its holding in fitness company Peloton by 10.4%. Greenlight’s position in CNH was worth about $116 million at the end of 2024. Peloton’s increase amounts to a holding worth more than $91 million. That places both names within Greenlight Capital’s top 10 holdings for the *******, with CNH as the fund’s fifth largest holding and Peloton at its seventh largest. The 13F filing only serves as a snapshot of the fund’s holdings as of Dec. 31, and it doesn’t reflect trades made since then. Last November, Einhorn said at CNBC’s Delivering Alpha conference in New York that he had started a medium-sized position in CNH, though he didn’t disclose how much. Greenlight Capital previously had a $6.8 million stake in Peloton , as of June 30, however. At the Robin Hood Investors Conference last October, the investor revealed that he thought the company could be worth five times its value. Both stocks have outperformed the broader market over the past six months, as CNH has gained 32.5% and Peloton has soared a whopping 239.2%. The S & P 500 is up 12% over that *******. CNH PTON 6M mountain CNH vs. PTON, 6-month Einhorn also increased his stake in three energy plays, namely DHT Holdings , Weatherford International and Seadrill . In November 2023, he had opened a new position in DHT , a crude oil tanker company. Greenlight’s holding in DHT was increased by nearly 21% in the fourth quarter of 2024, worth almost $49 million. The fund raised its stake in Weatherford by more than 157%, and it was valued at almost $33 million at the end of 2024. Meanwhile, Greenlight boosted its holding in Seadrill by almost 28% in the fourth quarter. The stake was worth about $30 million at the end of the year. In health care, Einhorn began a position in Centene . The holding was valued at roughly $53 million. The stock has sizably underperformed the broader market over the past six months, declining more than 26%.

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