David Einhorn Has 7 New Stock Picks: Hedge Fund Manager Bets on Buyouts, Spinoffs – Warner Bros. Discover

Hedge fund manager David Einhorn is known for investing in value stocks or recognizing the underlying value of stocks trading below what they could sell for. That may explain why he’s betting on several buyouts and spinoffs.

Here are the new stock picks from Einhorn in the second quarter.

David Einhorn’s New Stock Picks

Like other hedge funds and large investment portfolios, DME Capital Management recently filed its second-quarter 13F to disclose portfolio changes and current holdings as of June 30, 2026. The fund, which is a successor to Einhorn’s Greenlight Capital, is ran by and controlled by Einhorn.

DME Capital Management ended the quarter with 46 holdings and assets of around $3.9 billion. Here are the seven new stocks added in the second quarter and their value as of June 30, 2026:

• Fortune Brands Innovations (NYSE:FBIN): 2,241,875 shares, $123.1 million
• Versigent PLC (NYSE:VGNT): 2,227,640 shares, $95.7 million
• Primo Brands Corp (NYSE:PRMB): 2,823,660 shares, $69.0 million
• PayPal Holdings (NASDAQ:PYPL): 1,424,320 shares, $61.5 million
• Warner Bros. Discovery (NASDAQ:WBD): 2,246,180 shares, $59.9 million
• PVH Corporation (NYSE:PVH): 520,800 shares, $38.7 million
• Comcast Corporation (NASDAQ:CMCSA): 1,345,780 shares, $33.0 million

Betting on Buyouts, Spinoffs

Among the new stock picks from Einhorn, Fortune Brands is the seventh-largest holding at the end of the second quarter, representing 3.1% of assets.

Versigent PLC is the 13th-largest holding at quarter-end, accounting for 2.4% of assets.

While the others aren’t in the top 20 holdings, they represent bullish bets by Einhorn and also show a potential pattern.

Versigent PLC, an April spinoff from Aptiv PLC (NYSE:APTV), contains the automotive company’s wiring, signal and power distribution assets. Einhorn does not currently own Aptiv stock, which suggests he could be betting on potential growth and that these assets are the undervalued portion of the company.

Another spinoff set to happen in the future is Comcast, with the media and cable company splitting into two units. Spinoff NBCUniversal will hold the media and experiences assets, while Comcast will maintain the connectivity and platform assets.

This split could make acquiring either business more likely and easier for a partner to swallow without taking on unwanted assets.

Einhorn’s portfolio also includes PayPal, which is currently in talks to be acquired by Stripe and Advent. The initial buyout offer was rejected as too low, and PayPal said it was focused on its own turnaround effort. A higher bid may be coming that makes it too hard for PayPal or its shareholders to say no.

New stock pick Warner Bros. is in the middle of a highly publicized acquisition from Paramount Skydance (NASDAQ:PSKY). The deal has faced regulatory scrutiny and pressure from attorneys general and more, but has already received the blessing from the Trump administration. For this acquisition, Einhorn is also long Paramount Skydance shares, which would give an even larger stake in that media company if the Warner Bros. deal goes through.

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