Latest Transactions of David Einhorn Q1 2025

Highlights

Biggest Buys

1. Core Natural Resources (CNR) Greenlight Capital significantly increased its stake in Core Natural Resources, adding 813,999 shares. This represents a 58.37% increase in the position, with an average purchase price of approximately $82 per share. Core Natural Resources is understood to be a company operating within the natural resources sector. This substantial addition suggests Einhorn sees deep value or a favorable supply/demand dynamic in the specific resources this company produces or manages, aligning with his value-driven investment philosophy.

2. Teck Resources (TECK) The firm boosted its investment in Teck Resources by 913,337 shares, an 84.05% increase, at an average purchase price of around $42 per share. Teck Resources is a diversified Canadian mining company, focused on copper, zinc, and steelmaking coal. This increased stake underscores Greenlight's bullish outlook on commodities or Teck's specific assets and valuation within the current market.

3. Dollar Tree Inc. (DLTR) Einhorn initiated a new position in Dollar Tree Inc., acquiring 436,360 shares at an average purchase price of approximately $73 per share. Dollar Tree is a leading operator of discount variety stores across North America. This new investment aligns with a value-oriented strategy, potentially capitalizing on consumer demand for budget-friendly retail options, a segment often favored by value investors during certain economic cycles.

Biggest Sells

1. Peloton Interactive Inc. (PTON) Greenlight Capital sold 5,519,279 shares of Peloton Interactive Inc., significantly reducing its position by 52.45%, at an average selling price of approximately $8 per share. Peloton is known for its interactive fitness platform and exercise equipment. This large reduction indicates a significant reassessment of the company's future prospects or a decision to cut exposure following its period of high market volatility and ongoing business challenges.

2. CNH Industrial NV (CNH) The firm reduced its holding in CNH Industrial NV by 2,158,180 shares, a 21.09% decrease, at an average selling price of around $13 per share. CNH Industrial is a global manufacturer of agricultural and construction equipment. This sale might reflect a revised outlook on the heavy machinery cycle, valuation concerns, or a strategic preference for allocating capital to other opportunities perceived to offer better risk-reward profiles.

These Q1 2025 portfolio adjustments for Greenlight Capital emphasize David Einhorn's strong conviction in the natural resources sector (CNR, TECK) and a new venture into discount retail (DLTR). These moves, coupled with significant trims in areas like fitness technology (Peloton) and industrials (CNH), highlight Einhorn's adherence to value principles and his willingness to make contrarian bets and adjust positions based on evolving market conditions and company fundamentals.

All Transactions

The information is provided for educational purposes only and does not constitute financial advice or recommendation and should not be considered as such. Do your own research.