David Einhorn

Full summary

Einhorn executed the largest single-quarter reshuffle on record with us — $1.3B (since 2024-Q3) — in the June 2026 quarterly filing, signaling a broad repositioning across his portfolio. The moves centered on three new positions: opened VGNT at $95.7M (≈2% of disclosed book), PRMB at $69.0M (≈2% of disclosed book), and WBD at $59.9M (≈2% of disclosed book). These three debuts accounted for roughly $225M in fresh capital deployment. Within existing holdings, Einhorn doubled down on SHC, adding 2.1M shares worth $43.8M (≈1% of disclosed book, +100% QoQ) — marking the third consecutive quarter of additions to that name. He also added to DCH (+6.1M shares, +96% QoQ), AR (+765.6k shares, +95% QoQ), and VTRS (+955.9k shares, +53% QoQ). On the exit side, he trimmed VSNT by 1.1M shares (−37% QoQ, −$42.9M), marking a material reduction in that position. DHT was trimmed for a third consecutive quarter (−238.4k shares in 2026-Q2), and SNX was cut by 21% QoQ. The window reveals a rebalancing away from certain legacy positions toward new opportunities and selective deepening of conviction names. The scale of the reshuffle — $1.3B across a single quarter — underscores the magnitude of Einhorn's repositioning, with SHC emerging as a focal point of sustained accumulation.

Underlying filings

1. Institutional holdingDavid EinhornJun 30, 2026Opened position in VGNT · 2.3M shares · $95.7M
2. Institutional holdingDavid EinhornJun 30, 2026Opened position in PRMB · 2.8M shares · $69.0M
3. Institutional holdingDavid EinhornJun 30, 2026Trimmed SNX · −98.5k shares · +$21.0M
4. Institutional holdingDavid EinhornJun 30, 2026Added to BKV · +399.6k shares · +$7.8M
5. Institutional holdingDavid EinhornJun 30, 2026Trimmed CPRI · −110.2k shares · +$2.6M
6. Institutional holdingDavid EinhornJun 30, 2026Trimmed VSNT · −1.1M shares · −$42.9M
7. Institutional holdingDavid EinhornJun 30, 2026Trimmed DHT · −238.4k shares · −$13.1M
8. Institutional holdingDavid EinhornJun 30, 2026Added to VTRS · +955.9k shares · +$19.5M
9. Institutional holdingDavid EinhornJun 30, 2026Opened position in WBD · 2.2M shares · $59.9M
10. Institutional holdingDavid EinhornJun 30, 2026Trimmed SPB · −88.9k shares · +$211.8k
11. Institutional holdingDavid EinhornJun 30, 2026Added to AR · +765.6k shares · +$21.0M
12. Institutional holdingDavid EinhornJun 30, 2026Added to TRIP · +797.3k shares · +$15.7M
13. Institutional holdingDavid EinhornJun 30, 2026Added to SHC · +2.1M shares · +$43.8M
14. Institutional holdingDavid EinhornJun 30, 2026Trimmed PENN · −184.2k shares · +$34.3M
15. Institutional holdingDavid EinhornJun 30, 2026Trimmed FLR · −88.6k shares · +$22.6M
16. Institutional holdingDavid EinhornJun 30, 2026Added to DECK · +25.0k shares · +$2.1M
17. Institutional holdingDavid EinhornJun 30, 2026Added to DCH · +6.1M shares · +$29.8M
18. Institutional holdingDavid EinhornJun 30, 2026Added to CNR · +425.1k shares · −$11.9M
19. Institutional holdingDavid EinhornJun 30, 2026Added to REZI · +124.6k shares · −$234.3k