New York (HedgeCo.net) – With his Greenlight Capital fund suffering through a 17% loss so far in 2015, David Einhorn has made a number of changes to the holdings in the portfolio.

According to separate reports from Reuters and CNBC, Einhorn issued a letter to investors on Wednesday to reveal the changes. According to the reports Einhorn added positions in Michael Kors and UIL Holding. In addition to the new holdings, Greenlight closed short positions in St. Joe, U.S. Steel, Robert Half and Intel and closed bullish positions in Lam Research and Citizens Financial Group.

The letter also revealed that the firm re-entered a short position on Kuerig Green Mountain with a note stating that “the second time has been a charm” and Einhorn expressed disappointment that a bearish bet on Pioneer Natural Resources hasn’t worked as well as he felt it should have given how energy stocks have performed.

According to the Reuters article, the five largest holdings for Greenlight at the end of the third quarter were Apple Inc, CONSOL Energy, General Motors, gold and Japanese firm Resona Holdings.

Rick Pendergraft
Research Analyst
HedgeCoVest