10 Stocks Billionaire David Einhorn Loves for 2016

According to his most recent 13F filing corresponding to Dec. 31, Einhorn’s public equity portfolio is comprised of 154 holdings valued at $5.5 billion.

Here are 10 stocks he picked up in the fourth quarter of 2015.

Macy’s (M) – As of Dec. 31, he holds 6.7 million shares of the retail giant, which comprises 4.3% of his public equity portfolio.
Macy’s, together with its subsidiaries, operates stores and Internet Websites in the U.S. Its stores and Web sites sell a range of merchandise, including apparel and accessories for men, women and children, cosmetics, home furnishings and other consumer goods. Its market cap is $12.7 billion, and it trades at a P/E of 10.73.

Avangrid (AGR) – 5.3 million shares, giving the company a 3.7% allocation in his portfolio as of the end of the fourth quarter.
Avangrid is an energy services holding company. The company, through its principal subsidiaries, Iberdrola USA Networks and Iberdrola Renewables Holdings, is engaged in the regulated energy distribution, renewable energy generation and gas businesses, collectively. It has a $2.3 billion market cap.

Mylan (MYL) – 2.9 million shares, which as of the end of the fourth quarter is a 2.9% allocation in his portfolio.
Mylar, through its subsidiaries, develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals worldwide. It has a $21.2 billion market cap and trades at a PE of 37.20.

Allergan (AGN) is another of Einhorn’s new buys. He picked up 410,000 shares, giving the firm a 2.4% allocation in his public equity portfolio.
Allergan, a specialty pharmaceutical company, develops, manufactures, markets and distributes medical aesthetics, generic, branded generic, biosimilar, and over-the-counter pharmaceutical products worldwide. It has a market cap of $112.1 billion.

DSW (DSW) – 3.5 million shares, which comprises 1.5% of his portfolio.
DSW, together with its subsidiaries, operates as a branded footwear and accessories retailer in the U.S. It has a $2 billion market cap and trades at a P/E of 13.6.

Humana (HUM) – 360,000 shares, giving the company a 1.2% allocation in his portfolio.
Humana, together with its subsidiaries, operates as a health and well-being company. It has a $24.7 billion market cap and trades at a P/E of 21.5.

Cigna (CI) is another new health care buy for Einhorn. He acquired 375,000 shares, a 1% stake.
Cigna, a health services organization, provides insurance and related products and services in the U.S. and internationally. It has a $34.6 billion market cap and trades at a P/E of 15.5.

EMC (EMC) – nearly 2 million shares , giving the company a 0.9% allocation among his holdings.
EMC Corp. develops, delivers and supports information infrastructure and virtual infrastructure technologies, solutions and services. It has a $47.7 billion market cap and trades at a P/E of 20.85.

TerraForm Power (TERP) is another of Einhorn’s new holdings. As of Dec. 31, he owns 2.9 million shares, giving the stock a 0.7% allocation in his portfolio.
TerraForm Power Inc. owns and operates solar and wind generation assets serving utility, commercial and residential customers. It has a $1.1 billion market cap.

SanDisk (SNDK) – 465,300 shares. The company now comprises about 0.7% of his holdings.
SanDisk Corp. designs, develops, manufactures and markets data storage solutions in the U.S. and internationally. It has a $13.7 billion market cap and trades at a P/E of 37.46.

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