David Einhorn’s Greenlight bet big on CIT group last quarter.The fund owned around 6.3 million in the 4th quarter and last quarter, Q1, Greenlight bought up 4 million more shares to bring his total to around 10 million shares worth ~$420 million.
He also bought more shares of Pfizer. In Q4, Einhorn owned about 14 million shares for around $270 million. As of last quarter, that stake was up to $311 million (18 million shares).
Einhorn also picked up ~33 million shares in Flagstar Bancorp, worth ~$16 million.
All of this is reported in Einhorn’s 13F filing with the SEC.
Eric Mindic’s bank bets show that he agrees with both of them –>