David Einhorn Buys 12 Stocks in Q3

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Nov 14, 2014
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David Einhorn (Trades, Portfolio) is the founder and president of Greenlight Capital, where he made net returns around 6% in the first half of 2014, according to Forbes. Einhorn’s long portfolio has a value of $6.9 billion and 47 stocks listed. In the third quarter, he added 12 new stocks to his company’s holdings. The largest of the new positions were: Citizens Financial Group Inc. (CFG, Financial), Consol Energy Inc. (CNX, Financial), ON Semiconductor Corp. (ONNN, Financial), AECOM Technology Corp. (ACM, Financial) and NorthStar Asset Management Group Inc. (NSAM, Financial).

New Buys

Citizens Financial Group Inc. (CFG, Financial)

Einhorn purchased 8 million shares of Citizens Financial Group Inc. in the third quarter, a 2.7% portfolio position. The stock’s quarterly price averaged $23.

Citizens Financial Group Inc. is a bank holding company. Citizens Financial Group Inc. has a market cap of $13.42 billion; its shares were traded at around $23.96 with and P/S ratio of 2.70. The dividend yield of Citizens Financial Group Inc. stocks is 0.40%.

Consol Energy Inc. (CNX, Financial)

Einhorn purchased 4.875 million shares of Consol Energy Inc., a 2.7% portfolio holding. The stock’s quarterly price averaged $40 per share.

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Consol Energy Inc. was incorporated in Delaware in 1991. Consol Energy Inc. has a market cap of $9.12 billion; its shares were traded at around $39.60 with a P/E ratio of 11.10 and P/S ratio of 2.50. The dividend yield of Consol Energy Inc. stocks is 0.60%. Consol Energy Inc. had an annual average earnings growth of 4.60% over the past 10 years.

ON Semiconductor Corp. (ONNN, Financial)

Einhorn purchased 15 million shares of ON Semiconductor Corp., a 1.9% portfolio weight. The stock’s quarterly price averaged $9 per share.

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ON Semiconductor Corp manufactures power management and motor driver semiconductor components control, convert, protect and monitor the supply of power to the different elements within a wide variety of electronic devices. ON Semiconductor Corp has a market cap of $3.61 billion; its shares were traded at around $8.29 with a P/E ratio of 17.20 and P/S ratio of 1.20.

AECOM Technology Corp. (ACM, Financial)

Einhorn purchased 3,040,000 shares of AECOM Technology Corp., a 1.5% portfolio position. The stock’s quarterly price averaged $36.

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AECOM Technology Corp was formed in 1980 as Ashland Technology Company, a Delaware corporation and a wholly owned subsidiary of Ashland Inc. AECOM Technology Corp has a market cap of $3.21 billion; its shares were traded at around $32.31 with a P/E ratio of 13.80 and P/S ratio of 0.40. AECOM Technology Corp had an annual average earnings growth of 4.0% over the past 10 years.

NorthStar Asset Management Group Inc. (NSAM, Financial)

Einhorn bought 4,539,574 shares of NorthStar Asset Management Group, a 1.2% portfolio holding. The stock’s quarterly price averaged $19.

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Northstar Asset Management Group Inc. has a market cap of $3.96 billion; its shares were traded at around $20.98 with and P/S ratio of 25.30. The dividend yield of Northstar Asset Management Group Inc. stocks is 0.50%.

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