Greenlight Capital (David Einhorn) discloses updated portfolio positions in 13F filing

New FHN SDRL ATVI positions, Exited GPN CIVI

Highlights from Q2 2023 filing as compared to Q1 2023:

• New positions in: FHN (~1.3 mln shares), SDRL (~0.27 mln), ATVI (~0.22 mln), AAP (~0.04 mln), HRI (~0.04 mln), SHC (~0.01 mln)
• Increased positions in: NPWR (to ~2.51 mln shares from ~0.76 mln shares), GPK (to ~1.77 mln from ~1.07 mln), BKI (to ~1.34 mln from ~0.92 mln), CPRI (to ~1.65 mln from ~1.24 mln), SWN (to ~9.23 mln from ~8.92 mln) CEIX (to ~2.85 mln from ~2.72 mln),
• Maintained positions in: GRBK (~16.6 mln shares), BHF (~3.12 mln shares), LIVN (~1.03 mln shares), GLD (~0.23 mln shares), FCNCA (~0.02 mln shares)
• Closed positions in: GPN (from ~0.6 mln shares), CIVI (from ~0.46 mln), PANA (from ~0.28 mln), CNXC (from ~0.21 mln)
• Decreased positions in: KD (to ~4.45 mln shares from ~8.5 mln shares), NBSE (to ~0.14 mln from ~2.73 mln), TECK (to ~1.35 mln from ~2.49 mln), NYCB (to ~1.71 mln from ~2.28 mln), THC (to ~0.93 mln from ~1.43 mln), SLV (to ~1.24 mln from ~1.49 mln), REZI (to ~0.49 mln from ~0.66 mln), WFRD (to ~0.43 mln from ~0.58 mln), ODP (to ~1.52 mln from ~1.63 mln), GPOR (to ~0.22 mln from ~0.28 mln)

Carl Icahn discloses updated portfolio positions in 13F filing

Exited LNG HRI positions, Increased SWX IEP

Highlights from Q2 2023 filing as compared to Q1 2023:

• Increased positions in: IEP (to ~334.49 mln shares from ~300 mln shares), SWX (to ~10.84 mln from ~10.52 mln)
• Maintained positions in: CVI (~71.2 mln shares), BHC (~34.72 mln shares), XRX (~34.25 mln shares), NWL (~29.99 mln shares) DAN (~14.29 mln shares)
• Closed positions in: LNG (from ~1 mln shares), HRI (from ~0.23 mln)
• Decreased positions in: FE (to ~14.09 mln shares from ~18.97 mln shares)

Insider Trading (Fri 1/20/23)

 Notable purchases -- 10% owner adds to APPN; notable sales -- Icahn active in HRI

Buyers:

• APPN 10% owner bought 320,000 shares at $35.65 - $38.66 worth ~$11.9 mln.
• CCO 10% owner bought 400,000 shares at ~$1.3603 worth ~$544K.
• TNYA Director & 10% owner bought 185,151 shares at $2.32 - $2.60 worth ~$465K.

Sellers:

• DAL SVP, Fin & Controller sold 15,529 shares at $38.20 worth ~$593K.
• HRI 10% owner Carl Icahn sold 112,157 shares at $141.29 - $144.64 worth ~$16.1 mln.

=Herc Holdings (HRI) reported earnings on Tue 8 Aug 2017 (b/o)

BONITA SPRINGS, Fla. (AP) _ Herc Holdings Inc. (HRI) on Tuesday reported a loss of $27.6 million in its second quarter.

On a per-share basis, the Bonita Springs, Florida-based company said it had a loss of 98 cents. Earnings, adjusted for asset impairment costs, were 6 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The equipment rental supplier posted revenue of $415.8 million in the period.

Herc Holdings shares have climbed 13 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.

Hertz (HTZ) to separate into 2 publicly traded companies on July 1, 2016

Hertz Global Holdings (HTZ) said its plan to separate its car-rental and equipment-rental businesses into two public companies was formally approved by its board of directors.

   

• HTZ: The rental-car business, currently named Hertz Rental Car Holding Co., will be named Hertz Global Holdings Inc. (HTZ), 
• HRI: while the equipment-rental business will be called Herc Holdings Inc. (HRI)

The separation will be completed through a dividend distribution, in which shareholders of record on June 22 will receive one share of Hertz Rental Car Holding for each five shares they currently own. Each current share of Hertz will represent one share of Herc Holdings, but those shares will be adjusted for a 1-for-15 reverse stock split. The new Hertz Global Holdings will begin trading on July 1, 2016, under the current symbol of "HTZ" on the NYSE, while Herc Holdings will trade on the NYSE with the symbol "HRI." Hertz's stock has tumbled 29% in 2016 through Friday, while shares of rival Avis Budget Group Inc. (CAR) have slumped 16% and the S&P 500 (SPX) has gained 2.7%.