Greenlight, Einhorn Add Health Care; Dump Dell, RIM (AET, CI, CVH, UNH, WLP, DELL, RIMM, MSFT, GDXJ, GDX)
David Einhorn and his hedge fund Greenlight Capital reported some changes to the fund's portfolio last night. The fund added significant holdings in several health care stocks and eliminated a couple of struggling tech stocks.
Einhorn added about 3.2 million shares of Aetna Inc. (NYSE: AET) valued at $123 million; about 6.4 million shares of Cigna Corp. (NYSE: CI) worth $283 million; about 6.7 million shares of Coventry Health Care Inc. (NYSE: CVH) valued at $212 million; some 2.3 million shares of UnitedHealth Group Inc. (NYSE: UNH) valued at about $134 million; and 1.93 million shares of Wellpoint Inc. (NYSE: WLP) valued at $123 million.
Greenlight shed all its holdings in Dell Inc. (NASDAQ: DELL) and Research In Motion Ltd. (NASDAQ: RIMM), while adding calls on 5 million shares of Microsoft Corp. (NASDAQ: MSFT).
The fund also dumped all its 1.2 million shares in the Market Vectors Junior Gold Miners ETF (NYSEMKT: GDXJ), and shaved its position in the Market Vectors Gold Miners ETF (NYSEMKT: GDX).
The SEC filing is available here.
Filed under: 24/7 Wall St. Wire, Private Equity Tagged: AET, CI, CVH, DELL, GDX, GDXJ, MSFT, RIMM, UNH, WLP