Einhorn's Greenlight Buys BP, Sprint - Filing

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NEW YORK -(Dow Jones)- Greenlight Capital Inc., run by hedge fund manager
David Einhorn, in the fourth quarter built new positions in BP PLC (BP) and
Sprint Nextel Corp. (S), according to a filing Monday.


During the quarter Greenlight accumulated 55.9 million shares of Sprint
Nextel; the position would be worth $254 million at Monday's closing stock
price. The hedge fund firm also bought 3.3 million shares of oil giant BP.


The value of Greenlight's stock holdings was $4.94 billion on Dec. 31, 2010.
The fund manager held $4.02 billion in stock at the end of the third quarter.


At the end of the third quarter, nearly a quarter of Greenlight's fund was
composed of financial stocks. In the fourth quarter, Greenlight added to its
financial holdings with a new stake of about 100,000 shares in Capitol Federal
Financial Inc. (CFFN). As of Dec. 31 it exited its 200,000-share position in
Oritani Financial Corp. (ORIT).


The most recent filing showed Greenlight also initiated positions in
LyondellBasell Industries (LYB), Potash Corporation of Saskatchewan Inc. (POT)
and Semgroup Corp. (SEMG).


Meanwhile, it exited Foster Wheeler (FWLT) and Ralcorp Holdings Inc. (RAH).


Many investors who manage more than $100 million are required to disclose most
securities holdings within a month and a half of the end of a quarter. The
filings give the public a relatively fresh look at the portfolios of well-known
investors.



-By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@
dowjones.com



(END) Dow Jones Newswires
02-14-11 2058ET
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