David Einhorn is one of the savviest hedge fund managers in the world. Since founding Greenlight Capital in 1996, Einhorn has achieved annual returns of around twice the market’s return. Einhorn did it by taking less risk than the market too. Because Einhorn’s fund shorts more than the average fund and shorting is hard, Einhorn’s long picks have to do very well to offset the short picks. So without further ado, let’s take a closer look at Einhorn’s top three dividend yield stocks and see how well they performed in the third quarter.
The 15 most popular small-cap stock picks among hedge funds also bested passive index funds by around 53 percentage points over the 37 month period beginning from September 2012, returning 102%: Vodafone Group Plc (ADR) (NASDAQ:VOD), General Motors Company (NYSE:GM) and Apple Inc. (NASDAQ:AAPL). Many hedge funds own Apple Inc. (NASDAQ:AAPL). Within our extensive database of around 730 hedge funds, Apple is the second-most popular stock, with 144 funds owning $21.27 billion of the company’s shares as of the end of June.
Source: Insider Monkey
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