| Quarter Ending 06/30/2009 | Back to the Enlightened American Website | |||||||||
| David Einhorn (Greenlight Capital) | ||||||||||
| ***** NEW POSITIONS TAKEN | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | ATP OIL & GAS CORP | 1,750,500 | $6.96 | $12,183,000 | |||||
| N/A | N/A | CARDINAL HEALTH INC | 3,971,173 | $30.55 | $121,320,000 | |||||
| N/A | N/A | GENERAL ELECTRIC CO PUT | 4,000,000 | $11.72 | $46,880,000 | |||||
| N/A | N/A | SPDR TR PUT | 7,500,000 | $91.95 | $689,625,000 | |||||
| N/A | N/A | TRANSATLANTIC HLDGS INC | 325,000 | $43.33 | $14,082,000 | |||||
| N/A | N/A | UNITED STATES NATL GAS FUND | 17,400 | $13.85 | $241,000 | |||||
| N/A | N/A | ENDURANCE SPECIALTY HLDGS LT | 256,359 | $29.30 | $7,511,000 | |||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | AMERICAN EAGLE OUTFITTERS NE | 1,050,000 | $12.24 | $12,852,000 | |||||
| N/A | N/A | BRANDYWINE RLTY TR | 277,148 | $2.85 | $790,000 | |||||
| N/A | N/A | CADENCE DESIGN SYSTEM INC | 2,573,535 | $4.20 | $10,809,000 | |||||
| N/A | N/A | CARPENTER TECHNOLOGY CORP | 432,044 | $14.12 | $6,100,000 | |||||
| N/A | N/A | COMMSCOPE INC | 3,717,890 | $11.36 | $42,235,000 | |||||
| N/A | N/A | CON-WAY INC | 1,805,305 | $17.93 | $32,369,000 | |||||
| N/A | N/A | CORNING INC | 296,341 | $13.27 | $3,933,000 | |||||
| N/A | N/A | DISCOVER FINL SVCS | 4,450,000 | $6.31 | $28,080,000 | |||||
| N/A | N/A | DOW CHEM CO | 4,050,000 | $8.43 | $34,142,000 | |||||
| N/A | N/A | FOCUS MEDIA HLDG LTD | 1,089,407 | $6.80 | $7,408,000 | |||||
| N/A | N/A | HESS CORP | 1,300,000 | $54.20 | $70,460,000 | |||||
| N/A | N/A | JA SOLAR HOLDINGS CO LTD | 2,515,068 | $3.37 | $8,476,000 | |||||
| N/A | N/A | JONES APPAREL GROUP INC | 5,612,900 | $4.22 | $23,686,000 | |||||
| N/A | N/A | PATRIOT COAL CORP | 3,197,506 | $3.71 | $11,862,000 | |||||
| N/A | N/A | ROHM & HAAS CO | 387,500 | $78.84 | $30,550,000 | |||||
| N/A | N/A | SPDR GOLD TRUST | 4,209,090 | $90.28 | $379,996,000 | |||||
| N/A | N/A | SUNSTONE HOTEL INVS INC NEW | 329,787 | $2.63 | $868,000 | |||||
| N/A | N/A | SUPERVALU INC | 128,201 | $14.27 | $1,830,000 | |||||
| N/A | N/A | TARGET CORP | 3,475,444 | $34.39 | $119,520,000 | |||||
| N/A | N/A | WESTERN DIGITAL CORP | 686,458 | $19.34 | $13,276,000 | |||||
| N/A | N/A | WILLIAMS SONOMA INC | 935,613 | $10.08 | $9,431,000 | |||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | 76.47% | AMKOR TECHNOLOGY INC | 1,005,631 | 1,005,631 | $4.73 | $2.68 | $4,756,000 | $2,695,000 | ||
| 0.00% | 18.69% | ANIXTER INTL INC | 52,387 | 52,387 | $37.59 | $31.67 | $1,969,000 | $1,659,000 | ||
| 0.00% | 36.98% | BJ SVCS CO | 2,300,000 | 2,300,000 | $13.63 | $9.95 | $31,349,000 | $22,885,000 | ||
| 0.00% | 141.81% | BEAZER HOMES NOTE 4.625% | 5,165,000 | 5,165,000 | $0.58 | $0.24 | $2,996,000 | $1,239,000 | ||
| 0.00% | 33.51% | BELDEN INC | 92,600 | 92,600 | $16.70 | $12.51 | $1,546,000 | $1,158,000 | ||
| 0.00% | 78.32% | BIOFUEL ENERGY CORP | 7,542,104 | 7,542,104 | $0.66 | $0.37 | $4,977,000 | $2,791,000 | ||
| 0.00% | 13.79% | CADENCE DESIGN SYS NOTE 1.375% | 12,500,000 | 12,500,000 | $0.82 | $0.72 | $10,312,000 | $9,062,000 | ||
| 0.00% | 62.37% | CAL DIVE INTL INCNOTE 3.250% | 53,000,000 | 53,000,000 | $0.76 | $0.47 | $40,015,000 | $24,645,000 | ||
| 0.00% | 94.28% | COLONIAL PPTYS TR | 431,573 | 431,573 | $7.40 | $3.81 | $3,194,000 | $1,644,000 | ||
| 0.00% | 153.69% | CROSSTEX ENERGY INC | 462,167 | 462,167 | $4.16 | $1.64 | $1,923,000 | $758,000 | ||
| 0.00% | 178.81% | DANA HOLDING CORP | 986,161 | 986,161 | $1.28 | $0.46 | $1,263,000 | $453,000 | ||
| 0.00% | 59.44% | DUKE REALTY CORP | 246,579 | 246,579 | $8.77 | $5.50 | $2,162,000 | $1,356,000 | ||
| 0.00% | 48.37% | EINSTEIN NOAH REST GROUP INC | 10,733,469 | 10,733,469 | $8.65 | $5.83 | $92,845,000 | $62,577,000 | ||
| 0.00% | 42.03% | EMPLOYERS HOLDINGS INC | 2,325,000 | 2,325,000 | $13.55 | $9.54 | $31,504,000 | $22,181,000 | ||
| 0.00% | 245.16% | ENERGY PARTNERS LTD | 690,433 | 690,433 | $0.31 | $0.09 | $214,000 | $62,000 | ||
| 0.00% | 29.72% | FIFTH STREET FINANCE CORP | 2,259,492 | 2,259,492 | $10.04 | $7.74 | $22,686,000 | $17,488,000 | ||
| 0.00% | 89.64% | GENERAL CABLE CORP DEL NEW | 123,743 | 123,743 | $37.58 | $19.82 | $4,650,000 | $2,452,000 | ||
| 0.00% | 60.68% | HUNTSMAN CORP | 965,000 | 965,000 | $5.03 | $3.13 | $4,854,000 | $3,021,000 | ||
| 0.00% | 49.03% | JA SOLAR HOLDINGS NOTE 4.500% | 19,614,000 | 19,614,000 | $0.76 | $0.51 | $14,907,000 | $10,003,000 | ||
| 0.00% | 4.47% | KKR FINANCIAL HLDGS LLC | 351,352 | 351,352 | $0.93 | $0.89 | $327,000 | $313,000 | ||
| 0.00% | 7.19% | LAWSON SOFTWARE NOTE 2.5% | 10,800,000 | 10,800,000 | $0.86 | $0.80 | $9,261,000 | $8,640,000 | ||
| 0.00% | 72.71% | LIBERTY MEDIA CORP NEW | 549,529 | 549,529 | $5.01 | $2.90 | $2,753,000 | $1,594,000 | ||
| 0.00% | -3.33% | M D C HLDGS INC | 70,324 | 70,324 | $30.10 | $31.14 | $2,117,000 | $2,190,000 | ||
| 0.00% | 67.80% | MDC PARTNERS INC | 249,356 | 249,356 | $5.52 | $3.29 | $1,376,000 | $820,000 | ||
| 0.00% | 23.62% | MI DEVS INC | 5,655,235 | 5,655,235 | $7.59 | $6.14 | $42,923,000 | $34,723,000 | ||
| 0.00% | 2.39% | GOLD MINER ETF | 3,200,000 | 3,200,000 | $37.76 | $36.88 | $120,832,000 | $118,016,000 | ||
| 0.00% | -6.40% | MERCER INTL INC NOTE 8.500% | 13,500,000 | 13,500,000 | $0.37 | $0.39 | $4,928,000 | $5,265,000 | ||
| 0.00% | 29.40% | MICROSOFT CORP | 1,000,000 | 1,000,000 | $23.77 | $18.37 | $23,770,000 | $18,370,000 | ||
| 0.00% | 115.71% | OSHKOSH CORP | 216,300 | 216,300 | $14.54 | $6.74 | $3,145,000 | $1,458,000 | ||
| 0.00% | 0.78% | REPUBLIC AWYS HLDGS INC | 3,382,800 | 3,382,800 | $6.53 | $6.48 | $22,090,000 | $21,920,000 | ||
| 0.00% | 88.55% | SINCLAIR BROADCAST GROUP INC | 450,000 | 450,000 | $1.94 | $1.03 | $873,000 | $463,000 | ||
| 0.00% | 47.61% | SMITHFIELD FOODS INC | 239,263 | 239,263 | $13.97 | $9.46 | $3,342,000 | $2,264,000 | ||
| 0.00% | 73.99% | TICKETMASTER ENTMT INC | 4,838,000 | 4,838,000 | $6.42 | $3.69 | $31,060,000 | $17,852,000 | ||
| 0.00% | 58.05% | AIRCASTLE LTD | 381,941 | 381,941 | $7.35 | $4.65 | $2,807,000 | $1,776,000 | ||
| 0.00% | 35.95% | FOSTER WHEELER LTD | 375,775 | 375,775 | $23.75 | $17.47 | $8,925,000 | $6,565,000 | ||
| 0.00% | 122.15% | AERCAP HOLDINGS NV | 1,000,000 | 1,000,000 | $7.22 | $3.25 | $7,220,000 | $3,250,000 | ||
| 0.00% | -2.92% | DANAOS CORPORATION | 194,705 | 194,705 | $3.24 | $3.34 | $631,000 | $650,000 | ||
| 0.00% | 47.71% | TEEKAY CORPORATION | 84,365 | 84,365 | $21.03 | $14.24 | $1,774,000 | $1,201,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 102.14% | 10.13% | 6,057,000 | PFIZER INC | 11,987,000 | 5,930,000 | $15.00 | $13.62 | $179,806,000 | $80,767,000 | |
| 100.00% | 5.46% | 1,430,000 | WYETH | 2,860,000 | 1,430,000 | $45.39 | $43.04 | $129,816,000 | $61,547,000 | |
| 74.06% | -0.54% | 1,761,468 | ASPEN INSURANCE HOLDINGS LTD | 4,140,000 | 2,378,532 | $22.34 | $22.46 | $92,487,000 | $53,422,000 | |
| 597.88% | 1.09% | 539,127 | EVEREST RE GROUP LTD | 629,300 | 90,173 | $71.57 | $70.80 | $45,039,000 | $6,384,000 | |
| 132.07% | 1.11% | 1,047,149 | IPC HLDGS LTD | 1,840,000 | 792,851 | $27.34 | $27.04 | $50,305,000 | $21,439,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -3.50% | 10.70% | -150,800 | ALLEGHENY ENERGY INC | 4,154,200 | 4,305,000 | $25.65 | $23.17 | $106,555,000 | $99,746,000 | |
| -43.49% | 14.91% | -5,576,000 | E M C CORP MASS | 7,244,000 | 12,820,000 | $13.10 | $11.40 | $94,896,000 | $146,148,000 | |
| -36.99% | 7.48% | -1,171,529 | ECHOSTAR CORP | 1,995,601 | 3,167,130 | $15.94 | $14.83 | $31,810,000 | $46,969,000 | |
| -46.15% | -81.91% | -3,838,513 | GUARANTY FINL GROUP INC | 4,478,729 | 8,317,242 | $0.19 | $1.05 | $851,000 | $8,734,000 | |
| -30.51% | 38.95% | -1,130,656 | HARMAN INTL INDS INC | 2,575,101 | 3,705,757 | $18.80 | $13.53 | $48,412,000 | $50,139,000 | |
| -0.35% | 91.47% | -50,319 | HEALTH MGMT ASSOC INC NEW | 14,355,866 | 14,406,185 | $4.94 | $2.58 | $70,918,000 | $37,168,000 | |
| -18.60% | 7.39% | -150,129 | HEALTH NET INC | 656,918 | 807,047 | $15.55 | $14.48 | $10,215,000 | $11,686,000 | |
| -34.20% | 111.48% | -2,232,427 | HELIX ENERGY SOLUTIONS GRP I | 4,295,218 | 6,527,645 | $10.87 | $5.14 | $46,689,000 | $33,552,000 | |
| -12.80% | 16.53% | -6,400 | LIZ CLAIBORNE INC | 43,600 | 50,000 | $2.89 | $2.48 | $126,000 | $124,000 | |
| -50.00% | 8.01% | -3,643,849 | MEMC ELECTR MATLS INC | 3,643,849 | 7,287,698 | $17.81 | $16.49 | $64,897,000 | $120,174,000 | |
| -10.43% | 51.68% | -380,000 | MCDERMOTT INTL INC | 3,261,620 | 3,641,620 | $20.31 | $13.39 | $66,244,000 | $48,762,000 | |
| -13.33% | 10.47% | -1,000 | NIKE INC | 6,500 | 7,500 | $51.85 | $46.93 | $337,000 | $352,000 | |
| -10.49% | 43.53% | -365,000 | PATTERSON UTI ENERGY INC | 3,115,000 | 3,480,000 | $12.86 | $8.96 | $40,059,000 | $31,181,000 | |
| -10.01% | 44.45% | -690,000 | TERADATA CORP DEL | 6,205,017 | 6,895,017 | $23.43 | $16.22 | $145,384,000 | $111,838,000 | |
| -27.96% | 22.54% | -1,240,000 | URS CORP NEW | 3,194,924 | 4,434,924 | $49.52 | $40.41 | $158,213,000 | $179,215,000 | |
| -12.90% | 7.05% | -9,300 | MAX CAPITAL GROUP LTD | 62,800 | 72,100 | $18.46 | $17.24 | $1,159,000 | $1,243,000 | |
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