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Einhorn's investor letter leaks,

Benzinga.com
0 Comments|July 26, 2013

Sends multiple shares to session highs
David Einhorn's Greenlight Capital Investor Letter leaked, here's the breakdown:

Longs closed:

Microsoft (NASDAQ: MSFT)

The letter contained this note: "Windows 8 appears to be a flop, and a decade of mismanagement has put Microsoft at risk of becoming a shrinking company"

CBS (NYSE: CBS)

Republic Airways (NASDAQ: RJET)
Seagate (NASDAQ: STX)
Sprint (NYSE: S)

Shorts covered:

JC Penney (NYSE: JCP) - Reuters reports David Einhorn covered short in JC Penney
Dick's Sporting Goods (NYSE: DKS)
Aruba Networks (NASDAQ: ARUN)
Boston Properties (NYSE: BXP)
Essex Property Trust (NYSE: ESS)
Greenhill & Co. (NYSE: GHL)

New stakes:

ING (NYSE: VOYA)

Adds Greek banks Alpha Bank and Piraeus as Longs

Longest positions held at end of 2Q:

Apple (NASDAQ: AAPL)
General Motors (NYSE: GM)
Marvel Technology (NASDAQ: MRVL)
Oil States International (NYSE: OIS)
Vodafone (NASDAQ: VOD)
 
Shares of JCP, VOYA, BXP, ESS, and DKS climbed to session highs as details of the letter were released.

Einhorn's Greenlight Capital returned 2.1% for 2Q and has seen a 7.1% gain YTD.

Read more: http://www.benzinga.com/news/13/07/3788007/einhorns-investor-letter-leaks-sends-multiple-shares-to-session-highs#ixzz2aBYeJUe3

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