BP (NYSE:BP), Sprint (NYSE:S) Added by Einhorn to Greenlight Capital

BP Plc (NYSE:BP) and Sprint Nextel Corp (NYSE:S) were among the new companies added by Hedge fund manager David Einhorn to his Greenlight Capital fund, according to a required 13-F filing with the SEC.

Interestingly, Einhorn also took stakes in two companies which recently emerged from bankruptcy: LyondellBasell Industries (NYSE:LYB) and SemGroup Corp (NYSE:SEMG). He invested $88.6 million in LyondellBasell and $52 million in SemGroup.

Among Einhorn's favorite long-term investments is Vodafone Group Plc (LSE:VOD) (NASDAQ:VOD), which he retains a significant stake in.

Commenting on his BP investment, he said he still see the energy company as continuing to trade at a major discount to its competitors. He added $147 million to his stake in the company.

He invested in 52 million shares of Sprint, valued at close to $236 million. Einhorn's thinking there is he believes Sprint will be able to expand its margins because of its consolidation strategy.

Net of expenses and fees, Einhorn's Greenlight Capital L.P. fund generated a return of 15.9 percent.