Greenlight, Einhorn Add Health Care; Dump Dell, RIM (AET, CI, CVH, UNH, WLP, DELL, RIMM, MSFT, GDXJ, GDX)

Investing

Published: August 15, 2012 7:34 am

Last Updated: August 15, 2012 8:50 am

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.

Paul Ausick

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