david einhorn cut his stake by 25% and micro technology by 67%.y were two of the worst performing bets in the quarter but he also raised his position on apple and gm. sun edison is off by 5%. warren buffet telling cnbc berkshire hathaway raised it's stake in the quarter. they cut the position by 13% and walmart by 7% to help pay for the acquisition. he is also selling investments. ibm, goldman and walmart are higher today than in europe. >> good tuesday morning. let's get you caught up. here are the headlines today. secretary of state john kerry says cooperation could not be higher with france in fighting isis following talks in paris. moscow is a step up as military efforts in syria as it blames terrorists for downing a russian airliners over egypt and hedge fund filings release that george soros raised his investment in netflix in the third quarter. is a really big deal.u with aches, fever and chills... there's no such thing as a little flu. so why treat it like it's a little cold? there's something that works differently than over-the-counter r

. >> let's start off with david einhorn's green light capital. we talk about sun edison. that is one of the positions he's trimmed by 25%. so reduction there for him. and also boosting his exposure to shares of apple as well. taking a new position in gps maker garmin. and getting rid of stakes in hertz, macy's and citizen's financial there as well. so very interesting moves here. but sun edison getting attention because of the stock slide of shares. and this comes on the heels of the third point disclosing they had dissolved they are entire stake in sun edison. so the third point showing no lines of third point stake in sun edison. and john paulson from paulson and company, taking new stakes in generic drug maker periggo and cti and boosting in teva pharmaceutical and starwood and post holdings. do he does anticipate deals. lower staking and widening petroleum as well. and then there is leon cooperman's omega advisers. interesting news. a small stake in jcpenney and facebook as well. and that is telling as well. he disclosed a new position in valeant pharmaceuticals. this

from david einhorn to says down.n, they're which investments are not paying off. ♪ betty: we have newbers on the performance of hedge funds. barry rosenstein saw his two rebound in october after four months of losses. jana partners fund up 2.7%. this is according to an investor letter. both funds are still down for the year, 5.9% and 4.1% respectively. saying with hedge funds, it is a bad year for value investors, and you know that when seth klarman is losing money. his hedge fund declined about 3.8 percent in september, according to a person with knowledge. was heard by losses in energy and health care stocks. joining us now in austin is sabrina willmer, who wrote the story about seth klarman's losses per they took the heaviest hits on health care and energy, right? sabrina: that is direct. mostly, the biggest holding of the u.s. equity holding was should near energy -- was shaneer energy. a lot of hedge funds piled into it, and that lost 30% during the third quarter. losses.ves some of the betty: right. and then? sabrina: and that is actually the energy part of the portfolio, which

david einhorn reiterated a long on them today in new york.g a look at oil and the roller coaster ride. it seems to continue today. nymex crude as turned positive. up by 2.5%. it had been up by 2.8% earlier today, and then it was done by nearly 1%. they cannot really make up their minds. says the world has a surplus of 3 billion barrels of oil. falling about 46% from last year. gold, we see the safe haven where all of its gains from the earlier reaction that we got from paris. by .1% but experts are saying that any game that we did see for safe even investment would be short-lived. thank you, ramy inocencio. warren buffett today, looking at his stock portfolio, according to a regulatory filing, has trimmed their stakes in goldman sachs and walmart. the stake in walmart dropped to in number. joining me now is noah buhayar. why do we -- what do we know about why he trimmed his portfolio today? great question. he came out publicly and said the reason for trimming those stakes was to get some cash in hand. he is getting ready to complete one of hi

you've got a lot of these domestic shale names that david einhorn called the mother frackers. >> we thinkhey're close. when you think about the oil market, the economic growth and oil demand are pretty healthy. we've seen the iea revise projections for demand higher in consecutive months and by a whopping 50%. the demand side is doing its part. then on supplies there's now this commentary this year about not only being resilient, but based on the work that we do, it was growing by around 2.5 million barrel az day. it's grown by close to zero this day. supply and demand are on divergent passes, and we think it will recover starting next year. >> you mentioned consolidation. in fact, in your note you say you're looking for a new competitive hierarchy. >> in addition, the once the assets are gone, they're gone for good. you can't be left out the high cost producer. your share price performance will suffer for decades to come. we do think that the consolidation is inevitable. >> you missed it. i didn't get the compaination correct. what matters more is the -- if the thing does unfold, we thin

. >> david einhorn, pxd, that's a big earnings report. >> thanks so much. >> thank you. >> thanks to of you for watching. "power lunch" begins right now. >> scott, gentlemen, thank you very much. welcome to "power lunch." so glad you could join us. along with sara eisen, i'm tyler mathisen. mandy drury has the day off. we begin the new month with a bit of a modest rally. will october's gains keep on trucking? we will keep you how to play the remaining months of 2015. >>> the s&p may have ripped higher but the big huge funds feeling a lot of pain lately. >>> and is the american housing market turning into one of the haves and the have nots? why when it

and david einhorn disclosed he took a big stake in it. i think there is something going on with this name it. won't take much for somebody to gobble them up and get into the sportswearable space. >> i'll tell you what. i get the idea. and i could say with qualcomm, or texan, these guys have to do something. and i think there is a lot of cash to deemploy and a -- deploy and a way to back door these things. i would say deal. i'll play the game. >> deal. armed with a target. >> i'll play the game. allergan is trading like there is no deal. because i'm in your head and i don't realize i'm there but i anticipated your question and i answered it. >> how do i get you out? >> i'm out now. >> get out. >> with that said, allergan on its own should be higher than this. regardless of the pfizer deal, this is a stock that i think is cheap it. just came off a great quarter with an unbelievable business model that is being penalized for the conversations and headlines we're seeing. i think this stock, again, by itself should be a $330 stock. >> it shoul

david einhorn has been a long time bear and in his most revent investor letter he talk about green mountainrt. and he talked about the average 102. so that short is paying offhand so many will. would what you would be inclined to believe? not believe the company, after what herb puts forth. >> guy talks about the margin and the free cash flow. those things are very impressive. that is why the stock is moving the way it is. i think you have to keep in mind, as well as the huge investment coke put into the company, i think it is 17%. that is a significant piece. so at some point, today it hit 52-week lows. it got down into the 39s. and now here toward 48. i think that is something you keep in mind as we watch this stock to the down side. >> as a good thing. >> does coke ever say we'll just take it. >> it hasn't happened so far. you talk about this as a backstop for so long now. >> pods are down. brewers are down. the cold product is down. they had to discount prices, i would be a seller of this pop. this was so geared up to rally on anything that was signifying anything positive. i didn't see

. >> we have the latest filings from david einhorn.of the end of september, again september 30th, big caveat, 45 days old, has reduced by 25%, cut by a quarter his stake in embattled solar company. he's also taken a dissolution, dissolved completely his stake in citizens financial, also retailer macy's as far as car rental giant hertz, and taking a new stake in gps maker garmin. on john paulson's side, new stakes in perigo, and also c.i. tissues, boosted shares in testifia pharmaceuticals, starwood and post holdings. so perhaps no surprise there that some of these names. he's also decreased his positions in computer sciences, and angulo gold, we're still combing through a lot of filings, but kelly, a big caveat. this is 45 days old, so hedge funds can and likely do trade in and out of these positions since then. we'll hear more later on, but for right now, that's what we have heave on paulson and einhorn. >> will the political uncertainly tack a possible fed rate hike off the stable? our steve liesman is taking a look. >> no doubt thes

. >> david einhorn, pxd, that's a big earnings report. >> thanks so much. >> thank you. >> thanks to all of you for watching. "power lunch" begins right now. >> scott, gentlemen, thank you very much. welcome to "power lunch." so glad you could join us. along with sara eisen, i'm tyler mathisen. mandy drury has the day off. we begin the new month with a bit of a modest rally. will october's gains keep on trucking? we will keep you how to play the remaining months of 2015. >>> the s&p may have ripped higher but the big huge funds feeling a lot of pain lately. >>> and is the american housing market turning into one of the haves and the have nots? why when it comes to home ownership, it's coming down to just one number. we'll tell what you it is and what it means. let's check in with sara at the nyse. high, sara. >> good afternoon. hard to believe just two more months remaining until 2015 is done. just about 50 trading days left in the year. are we setting up for presents under the tree or coal in our stockin stockings? dominic chu is taking a closer look at that question. dom? >> sara,

it was the focus of short seller david einhorn as well. 17% right now, guys. >> fascinating story. meg terrell, thanks for the update. our next guest is making a bullish bet on valeant. corey davis rates valeant is buy with a $170 price target. great to have you with us. >> thanks for having me. >> why are you standing by this stock? do you have a firm grip on what this business model is going to be in a year let's say? >> yeah. i think there's a lot of things going on here and in the pharma industry, we've been through tons of scandals. this one is disproportionate in terms of media coverage and press coverage and a catastrophic drop in the stock relative to what's actually going on. i have a really good handle on the fundamentals and for a drug company it comes back to the drugs and the drugs are still doing exceptionally well, not based on price, but on volume. >> let's do worst case scenario analysis. you make the case that roll-ups are blowups when they run out of things to buy. even if they never did an acquisition again, valeant cou

one reason is that david einhorn is talking at a robin hood meeting right now or some sort of conference still interested in consol energy. let's take a look at what is going on over in europe. -- showing ithat to you this morning after the attack in paris. it came out throughout the day in europe. it is really unchanged at the close in paris. the euro touched a six-month low. we are looking at 10714. continuing to drop from early this morning. taking the brunt in the beating of asset classes. stephanie: it is the robin hood investment conference. i will be there later today, speaking with jpmorgan leaders. we have an instant bloomberg , asking dost come in you believe that a list. wants to know when it will yield positive results? cliff asness: people say a lot of things about it. notion that the invalid by traditional risk is dominated by equities and is much more than 60% of return. we and many others think a that first geographic fo portfolio of stocks and bonds and risk weightings that matter but not too much will long-term outperform. but as a complete strategic argument it is a lo

a $2 billion drop in disclosed holdings and david einhorn's greenlight capital. selling one quarter of the sun edison stake. renee haugerud, you are in the commodities world, but you are a macro person. you look at what these things investors are doing. what do you think? ms. haugerud: we agree with them. we think we are at the precipice of a big rotation. in fact, we have been selling into rallies on a macro level. that is not what we do. we are not an equity trader, but as an overlay with commodities, we have been selling into rallies. there is the possibility of one more -- i have a technical system, a proprietary technical model, and it is signaling 1600 to 1800 on the s&p over the next 12 to 18 months, but we could have one more blow up to 2180. i do not think that will happen, but that would suck the last bulls in, and we think we are in a rotation right now, but we agree with reducing current equity holdings. stephanie: is it getting harder and harder to be a macro person? now that there is so much information out there and everyone has it at the same rapi

the likes of larry robbins, david einhorn. let's say you want to follow the pied piper's.llow the ideas from last year's robin hood to see how they performed. here is bloomberg's new york bureau chief. margie, you do some stocks, a lot of fixed income. following these investors is not the type of thing you do typically, right? margie: it is always interesting to see what kind of ideas people have their it erik: but as a rule you are not investing what they are investing in because they are in it. little i saw very overlap in what i recommended versus what they have. erik: i have to say i was stunned because of the 30 long and short calls, 29 stocks, one currency, the total return if you took an equal weight position in every long and every short over the past 13 months, would have been a grand total of 0.93%. isn't that unbelievable? stephanie: a lot of the trade ideas presented yesterday were not new ideas. they were reiterating ideas that we've heard before. erik: like mo on allergan. stephanie: lebron roberts from glenview reiterated months and two. >> also, bill eicher

also david einhorn's green light capital had a tough time of it boosting it's stake in apple in the third quarter. hedge fund also upping it's holdings of general motors and michael korss. we'll have more later this hour. >> home depot's market cap right now, 155. 155 billion. ibm is 129. so someone started home depot in his lifetime and that's a reflection of the past 25 years you could either own home depot from zero to 155 billion or own ibm from 200 billion back down to 129. really a tale of two different -- >> trajectories when you're looking at these stocks. one of the things we didn't get to him yesterday was his thoughts about share buy backs and when it makes sense and when it doesn't and the flight of capital. why it makes sense to be in the high growth companies and why you see big valuations in those companies as a result. >> someone told you i'm going to start a chain of hardware stores and put mom and pop out of business -- >> 155 market cap for home depot. unbelievable. >> let's tell you about stocks to watch this morning. urban outfitters down sharply. quarterly comp store