By Rob Copeland
David Einhorn's Greenlight Capital Inc. hedge fund added
hundreds of millions of dollars to positions in Micron Technology
Inc. and SunEdison Inc. (SUNE) while trimming its stake in Apple
Inc. (AAPL) during the second quarter, according to filings late
Thursday.
Greenlight now holds more than $1.3 billion in Micron shares and
almost $500 million in SunEdison shares, compared with $1 billion
and a little over $200 million, respectively, at the end of the
first quarter.
Micron, a semiconductor maker, is now Greenlight's biggest long
position, leapfrogging past Apple. Greenlight sold more than $200
million of Apple shares during the second quarter, though it still
holds nearly $900 million of the stock.
In the quarterly filings, closely watched by some for a
temporary glimpse at Mr. Einhorn's portfolio, Greenlight also
disclosed new stakes in Civeo Corp. and Time Inc.
Greenlight's main fund is up about 3% this year through the end
of July, according to an investor update. A spokesman declined to
comment.
Write to Rob Copeland at rob.copeland@wsj.com
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