Here’s what David Einhorn is shorting now…

From Bloomberg:

Hedge fund manager David Einhorn said he’s betting against stocks of heavy-equipment manufacturers because he expects a long-term slump in commodity prices.

Bulls are assuming the current commodity environment is an ordinary cyclical downturn,” Einhorn said Tuesday on a conference call discussing results for Greenlight Capital Re Ltd., the Cayman Islands-based reinsurer where he is chairman. “We believe it is the end of a commodity supercycle, and this will exert a long period of earnings headwinds for these companies.” He didn’t specify which manufacturers he’s shorting.

Einhorn is seeking to recover from his worst year since the financial crisis after he was burned by losses on companies such as Micron Technology Inc., SunEdison Inc. and Consol Energy Inc. He said that in recent months he increased the share of his portfolio that’s betting against stocks, a move that helped January results. The hedge fund manager has been shorting…



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