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Invest like David Einhorn: Apple, Inc. (AAPL), Nokia Corporation (NOK), and Micron Technology (MU)


Billionaire hedge fund manager David Einhorn is the founder and president of Greenlight Capital. His impressive portfolio has generated an annualized return over the past three years of +14.96%. Einhorn made several transactions in the second recent quarter to help this figure, including transactions on Apple Inc. (NASDAQ:AAPL), Nokia Corporation (ADR) (NYSE:NOK), and Micron Technology, Inc. (NASDAQ:MU).

Einhorn stat 1

In the second quarter, Einhorn reduced his holdings in Apply by 0.73%. However, at 10.38% Apple continues to be the largest part of his portfolio valued at $827.73 million. Apple has been in the news for its record-breaking launch of its latest iPhones, iPhone 6S and 6S Plus. The company has sold 13 million units during the first weekend of the launch of these new phones.

While this launch marks a new record for the company, several of analysts consider these numbers to be weak. Unlike the last iPhone launch, these numbers include sales from China. Therefore, many analysts content that sales should have been significantly higher and boosted by consumers in China. Another reason for analyst’s disappointment is the view that a lot of these sales came from the iPhone Upgrade program; a new program that allows users to upgrade their iPhone every year; and not necessarily new purchases.

In Apple’s next...