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David Einhorn founded Greenlight Capital with $1 million in 1996. As a long-short value-oriented hedge fund, Greenlight has historically generated more than a 22% annualized net return for its partners and investors. Hedge funds devote significant resources to researching stocks. Additionally, corporate insiders have material non-public information and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the stock picks of these smartest investors in the world, investors are more likely to beat the market in the long term.

Below we compiled a list of stocks both Einhorn and insiders are bullish about. All stocks are in Einhorn’s portfolio and were purchased by at least one insider during the past three months.

Company

Ticker

Value (x1000)

No. of Insiders

YTD Return

PFIZER INC

PFE

483155

1

12.20%

BEST BUY

BBY

216340

1

-23.95%

EINSTEIN NOAH RESTAURANT GRP

BAGL

160680

1

-2.34%

C V S CAREMARK CORP

CVS

123075

1

2.09%

GENERAL MOTORS CO

GM

103832

4

-34.45%

HCA HOLDINGS INC

HCA

96855

1

-28.92%

MARATHON OIL CORP

MRO

76528

1

10.99%

BROADRIDGE FINL

BR

63785

1

0.61%

STATE BANK FINL CORP

STBZ

34377

2

-16.97%

SEMGROUP CORP

SEMG

27779

1

-20.87%

FIFTH STREET FINANCE

FSC

23185

7

-12.51%

EMPLOYERS HOLDINGS

EIG

16360

9

-17.13%

SYMMETRICOM INC

SYMM

9968

2

-29.48%

FURIEX PHARMA

FURX

8717

1

-6.64%

Pfizer Inc (NYSE:PFE): Pfizer is a research-based, global biopharmaceutical company. PFE was purchased by one insider over the past three months and Einhorn invested $483 million in the stock. It has a market cap of $149B, a P/E ratio of 17.79, and returned 12.20% since the beginning of this year. Ken Fisher also invested over $400 million in PFE (see Ken Fisher’s top stock picks).

Best Buy Company Inc (NYSE:BBY): Best Buy is a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services. BBY was purchased by one insider over the past three months and Einhorn invested $216 million in the stock. It has a market cap of $9.3B, a P/E ratio of 8.64, and lost 23.95% since the beginning of this year. Bill Miller is another main holder of BBY.

CVS Caremark Corp (NYSE:CVS): CVS Caremark is a pharmacy healthcare provider in the United States. CVS was purchased by one insider over the past three months and Einhorn invested $123 million in the stock. It has a market cap of $47.2B, a P/E ratio of 14.22, and returned 2.09% since the beginning of this year. Jonathon Jacobson and Ralph Whitworth both invested over $700 million in CVS.

General Motors Co (NYSE:GM): GM is a global automotive company. GM was purchased by four insiders over the past three months and Einhorn invested $104 million in the stock. It has a market cap of $37.7B, a P/E ratio of 5.24, and returned 34.45% since the beginning of this year. Both Jeffrey Tannenbaum and Frank Brosens invested over $200 million in GM shares.

HCA Holdings Inc (NYSE:HCA): HCA is a non-governmental hospital operator in the United States and an integrated provider of healthcare and related services. HCA was purchased by one insider over the past three months and Einhorn invested $96.9 million in the stock. It has a market cap of $11.4B, a P/E ratio of 10.4, and lost 28.92% since the beginning of this year. Lee Ainslie had $151 million invested in HCA (see Lee Ainslie’s favorite stock picks here).

Marathon Oil Corp (NYSE:MRO): Marathon is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas and refining, marketing and transportation. MRO was purchased by one insider over the past three months and Einhorn invested $76.5 million in the stock. It has a market cap of $17.5B, a P/E ratio of 7.03, and returned 10.99% since the beginning of this year. Eric Mindich is another main holder of MRO stocks.

Broadridge Financial Solutions Inc (NYSE:BR): Broadridge is a global provider of technology solutions to the financial services industry. BR was purchased by one insider over the past three months and Einhorn invested $63.8 million in the stock. It has a market cap of $2.7B, a P/E ratio of 15.99, and returned 0.61% since the beginning of this year. Leon Cooperman invested nearly $100 million in BR stocks (check out Leon Cooperman’s top stock picks).

Source: David Einhorn And Insiders Are Bullish About These Stocks