Einhorn’s Greenlight Adds Michael Kors, Sells Keysight, Cuts IAC

Greenlight Capital, the hedge-fund firm led by David Einhorn, took new stakes in Michael Kors Holdings Ltd. and Owens-Illinois Inc. in the second quarter.

The New York-based firm purchased 3.6 million shares in luxury retailer Michael Kors worth $152.4 million at the end of June, according to a quarterly filing with the Securities and Exchange Commission. The stake in Owens-Illinois, a glass packaging company, was worth $99.3 million as of June 30.

Greenlight exited a $164.4 million stake in Keysight Technologies Inc., which develops electronic measurement instruments, and pared its position in IAC/InterActiveCorp., the media company that operates Match.com.

Money managers who oversee more than $100 million in equities in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.

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