Long Live David Einhorn
David Einhorn’s Greenlight Capital lost 4.6% in November. The fund is now down 20.2% for the first eleven months of the year.
In his letter, Einhorn blames the dismal performance on SunEdison (SUNE), which is now down 66% in the current quarter. Einhorn did manage to thank investors for their continuing support of the New York-based hedge fund, especially during this difficult year.
As of the end of November, the largest holdings in the Greenlight hedge fund were the following four stocks and gold:
AerCap (AER): Shares were up 11% in November; yet still down 15.1% for the current quarter.
Apple (AAPL): Shares were down 1.4% in November; but still down 10.4% for the current quarter.
CONSOL Energy (CNX): Shares were up 16.5% in November; the stock is down 56% for the current quarter.
General Motors (GM): The stock was up 4.2% in November; shares are down 9.5% for the current quarter.