David Einhorn Also Unloaded Some Apple Shares

Hedge fund managers everywhere are spitting out pips.
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Like his colleagues Dan Loeb and David Tepper, David Einhorn doesn’t want to be part of a club that would have Warren Buffett as a member, namely the “Bullish on Apple Club.” The Greenlight Capital chief dumped about 2 million Apple shares and plowed some of the proceeds into another, but presumably more promising, “dominant” industry player.

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David Einhorn’s Greenlight Capital Inc. cut its holdings in Apple Inc. by roughly a third in the first quarter, while confirming a new position of 1.7 million shares in drugmaker Perrigo Co….

Mr. Einhorn revealed the size of his position in Perrigo, as of March 31, after saying last month in an investor letter that he had taken a long position in the pharmaceutical company. At the time, he touted the company’s “dominant” place selling store-brand, over-the-counter drugs in the U.S.

Einhorn’s Greenlight Capital Cuts Apple Stake, Confirms Perrigo Position [WSJ]

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