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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| IAC Inc | NASDAQ:IAC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.54 | 1.01% | 53.85 | 53.40 | 54.13 | 53.89 | 53.125 | 53.21 | 401,396 | 01:00:00 |
From Oct 2019 to Oct 2024
By Timothy W. Martin
David Einhorn's Greenlight Capital Inc. sold off its stake in General Motors Co. (GM), while stepping up its investments in solar energy company SunEdison Inc. (SUNE), according to a quarterly disclosure on Thursday.
As of March 31, Greenlight Capital sold all of its 17 million shares of the embattled General Motors, the largest U.S. auto maker, which has recalled more than 12 million cars world-wide this year.
Mr. Einhorn, who warned of a second tech bubble in 15 years in a note last month to investors, lightened Greenlight's stake in several technology companies. Greenlight decreased its holdings in IAC/InterActive Corp. (IACI) by 28%, or 536,000 shares. The New York hedge fund also decreased its Apple Inc. (AAPL) ownership by 13%, or 318,500 shares, to 2.1 million shares.
Greenlight upped its holdings of SunEdison by more than 800%, or 10.5 million shares, increasing its ownership to 11.8 million shares. It also revealed new stakes in Lorillard Inc. (LO), Nokia Corp. (NOK) and Conn's Inc. (CONN).
In addition to General Motors, Greenlight sold off its stake in Delphi Automotive Plc (DLPH), NCR Corp. (NCR), the maker of ATM machines, and Legg Mason Inc. (LM), among others.
Write to Timothy W. Martin at Timothy.Martin@wsj.com.
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