Einhorn Trims Apple Holdings, Takes Time Warner Stake

Billionaire investor David Einhorn's Greenlight Capital hedge fund trimmed holdings of Apple Inc. by 566,500 shares in the fourth quarter of 2014, according to a regulatory filing. Apple remained the fund's second-largest holding at more than 8.605 million shares valued at $949.88 million as of Dec. 31, equal to 12.6% of Greenlight's portfolio, according to hedge-fund performance tracking site Whalewisdom.com. Greenlight's largest position remained Micron Technology , at nearly 31.266 million shares valued at $1.09 billion, or 14.5% of Greenlight's portfolio. As previously disclosed, the fund also took a new position in Time Warner Inc. , adding nearly 3.8 million shares valued at $324.2 million as of the end of last year. Large investors are required to file quarterly 13F forms with the Securities and Exchange Commission detailing long positions 45 days after the end of each quarter.