{"id":568052,"date":"2010-05-17T18:01:30","date_gmt":"2010-05-17T22:01:30","guid":{"rendered":"http:\/\/www.businessinsider.com\/david-einhorn-greenlight-cit-group-pfizer-2010-5"},"modified":"2010-05-17T18:01:30","modified_gmt":"2010-05-17T22:01:30","slug":"david-einhorn-goes-in-big-on-cit-group-and-pfizer-cit-pfe","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/568052","title":{"rendered":"David Einhorn Goes In Big On CIT Group And Pfizer (CIT, PFE)"},"content":{"rendered":"

\"davideinhorn\"<\/p>\n

David Einhorn’s Greenlight bet big on CIT group last quarter.<\/p>\n

The fund owned around 6.3 million in the 4th quarter and last quarter, Q1, Greenlight bought up 4 million more shares to bring his total to around 10 million shares worth ~$420 million.<\/p>\n

He also bought more shares of Pfizer. Last quarter, Einhorn owned less than 3 million shares for around $50 million. As of last quarter, that stake was up to $300 million (14 million shares).<\/p>\n

The only other big moves for Greenlight was selling out of ~$230 million worth (~6 million shares) of Cardinal Health. And selling almost entirely out of Energy Partners, which was a $12 million investment last quarter. Now Einhorn’s down to owning less than $500,000 worth of the stock (around 43,000 shares).<\/p>\n

Einhorn also got rid of ~33 million shares in Flagstar Bancorp, worth ~$16 million.<\/p>\n

All of this is reported in Einhorn’s 13F filing with the SEC.<\/a><\/p>\n

Check out which bank Paulson bet big on last quarter –><\/a><\/p>\n

Eric Mindic’s bank bets show that he agrees with both of them –><\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n