Billionaire hedge fund investor David Einhorn’s Greenlight Capital, as previously disclosed, boosted its stake in Brighthouse Financial Inc. and took a small stake in Twitter Inc. in the final quarter of 2018, while trimming holdings of General Motors Co. , according to a regulatory filing on Wednesday. In a 13-F form filed with the Securities and Exchange Commission, the fund said it boosted its holdings in Brighthouse by more than 4.2 million shares to a total of 11 million shares. It also bought nearly 2.8 million Twitter shares. Greenlight reduced its stake in GM by nearly 8.7 million shares from the end of the third quarter, leaving it with a stake of around 25.8 million shares. GM still made up the largest chunk of the fund’s reported portfolio at 19.3%, while Brighthouse was No. 2 at 11.7%, according to filings tracking firm Whalewisdom.com.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News