David Einhorn’s Greenlight capital saw an 11% gain, slightly less than the 11.9% seen for the S&P 500 for 2014. Stocks in the U.S. have been on a bull run, but skeptics wonder how long that is going to last, given inevitable interest rate hikes and what some bears see as a correction in the market coming in 2015.
Einhorn’s most successful stocks of the year were Green Brick Partners, Micron and Take Two Interactive. Greenlight Capital owns 50% of Green Brick Partners, which rose 605% since last January, according to Gurufocus. The company recently changed its name to Green Brick from BioFuel Partners.
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Although Micron has risen 60.5%, Greenlight has been selling shares the last 3 quarters. Three year ago, Einhorn bought Micron at $15 a share, and it has doubled in price to $30 per share. Take Two Interactive has seen a 67% gain in the past year. Einhorn initiated a position when shares were trading at $17 per share. Its recent trading price is $28.99 per share.
