Einhorn’s DME takes stakes in StubHub, Paramount, buys more Peloton

David Einhorn’s DME Capital Management disclosed in an SEC filing its holdings as of March 31. DME’s new buys during the first quarter included Dauch (DCH), StubHub (STUB), Paramount Skydance (PSKY), SLM (SLM), Viatris (VTRS), Resideo (REZI), and TripAdvisor (TRIP). DME exited positions in Kyndryl (KD), Warner Bros. Discovery (WBD), Global Payments (GPN), United Parks & Resorts, and VanEck Gold Miners ETF (GDX). The fund increased its positions in TD Synnex (SNX), Acadia Healthcare (ACHC), BKV Corp. (BKV), Peloton (PTON), Sotera Health (SHC). DME reduced its stake in a number of holdings, including Weatherford (WFRD), PG&E (PCG), Teva (TEVA), and CNH Industrial (CNH) (CNHI). DME’s top holdings as of March 31, in order of size, were Green Brick (GRBK), Fluor (FLR), Core Natural Resources (CNR), Brighthouse Financial (BHF), and PG&E.