"Greenlight Capital Cuts Apple Stake, Adds Hundreds of Millions
to Micron and SunEdison Positions," at 16:32 EDT, incorrectly
stated that Greenlight Capital had added to its stake in Micron
Technology, and reduced its stake in Apple during the second
quarter. Greenlight decreased its stake in Micron Technology and
increased its stake in Apple during the quarter. The correct
version follows:
By Rob Copeland
David Einhorn's Greenlight Capital Inc. hedge fund added to its
positions in Apple Inc. and SunEdison Inc., while trimming its
stake in Micron Technology Inc. during the second quarter,
according to filings late Thursday.
Despite the moves, the semiconductor maker Micron is now
Greenlight's biggest long position, leapfrogging past Apple thanks
to share price changes over the quarter. Greenlight now holds more
than $1.3 billion of Micron stock, compared with nearly $900
million of Apple.
Greenlight also almost doubled its stake in SunEdison over the
quarter, ending June with nearly $500 million of shares.
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., among other
moves.
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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