David Einhorn's Greenlight Discloses New NCR Position

| About: NCR Corporation (NCR)

Due to activity on May 14th, 2010, David Einhorn's hedge fund Greenlight Capital has disclosed a 5.1% ownership stake in NCR (NYSE:NCR) with 8,234,065 shares. Einhorn's firm filed a form 13G with the SEC after market close Monday and this marks a brand new position for the hedge fund as it did not own a stake when we last looked at Greenlight's portfolio. This means that Greenlight has assembled this position over the past two and a half months.

Greenlight has returned an impressive 22% annualized since inception and that should provide you plenty of reason to track them. In terms of other recent portfolio activity, we also posted up two of Greenlight's position changes. To learn more about Einhorn's investment process, we highly recommend reading his book: Fooling Some of the People All of the Time.

Taken from Google Finance:

NCR is "provides technology and services that help businesses connect, interact and transact with their customers. Through its presence at customer interaction points, such as automated teller machines (ATMs), retail point-of-sale (POS) workstations, self-service kiosks, self-check-in/out systems and DVD kiosks, the Company’s solutions enable companies to address consumer demand."

For the latest portfolio movements from prominent investment managers, make sure to check in our hedge fund portfolio tracking series.

Original article