David Einhorn acquired 3.48M Target shares worth $322M. That's 13.50% of their entire equity portfolio (2nd largest holding). David Einhorn started to build up the position in Target in Q3 2007 and continued to invest until Q1 2008. Since then they sold 4.92M shares. The stake costed the investor $204M, netting the investor a gain of 58% so far.