“David Einhorn’s hedge fund Greenlight Capital increased its holdings in Apple and Yahoo during the first quarter,” Josh Beckerman reports for The Wall Street Journal.
“Greenlight bought 1.9 million Apple shares, boosting its position to 8.2 million, according to a filing Monday,” Beckerman reports. “Mr. Einhorn’s quarterly letter earlier this month said Apple was one of the firm’s largest positions.”
“Greenlight added 2.4 million Yahoo shares, increasing its stake to 4.4 million,” Beckerman reports. “That moves comes as Yahoo is being pressured to work toward a sale of its struggling Web business.”
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MacDailyNews Take: We’re detecting a trend here.
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