Carl Icahn

Carl Icahn

Last Update: 05-15-2015

Number of Stocks: 21
Number of New Stocks: 0

Total Value: $32,052 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Carl Icahn Watch

  • Carl Icahn's Biggest Portfolio Changes

    Activist investor Carl Icahn (Trades, Portfolio) did not buy new stocks in the first quarter but made several other notable moves.


    The investor has spent much of his time in the public eye over the past several months vying for change at Apple Inc. (AAPL), a stock that eats 20.48% of his portfolio as his second largest holding. On April 28 he proclaimed the company “still undervalued and misunderstood” on Twitter. He then projected 40% earnings growth for the year and a worth of $240 on its shares, in an open letter dated May 18.

      


  • Should You Invest Like Carl Icahn?

    Brian Rosenblatt of Rosenblatt Securities and Mark Hale of Hale Capital Management were both at CNBC where they debated the pros and cons of investing like Carl Icahn (Trades, Portfolio).


      


  • Apple Wins The Age-Old Legal Bout Against Samsung In The U.S.

    The balance in the high profile smartphone proprietorship litigation case between Apple Inc. (AAPL) and Samsung Electronics Co. Ltd. (SSNLF) tilted in the former’s favor with the Washington, D.C., Federal Appeals court, the specialized U.S. establishment for reviewing patent appeals, upholding a majority of the 2012 federal ruling that awarded Apple $930 million in damages. Samsung’s appeal against the excessive monetary fine for using the "basic" design of rectangular with rounded corners flat and touch screen phone and asked for reduction by $382 million was accepted in principle by the court and up to 40% of the unprecedented damage will now be reconsidered.


    In spite of losing its claim of "trade dress," the visual shape of iPhone, Apple is feeling vindicated and calls the highly anticipated ruling that established violations of many patent inventions of Apple IPhone by Samsung and its incorporation in a series of Samsung smartphones to boost sales, a victory for its intellectual property against the shameless copying of its innovative, simple, easy to use and elegant designs that were protected by patents. Following the decisive turn of events, representatives of Samsung chose not to comment on the guilty charges but welcomed the part of ruling favoring them and said they will continue to protect their own designs and patents.

      


  • Activist Investing Guru Carl Icahn – Apple Is A No-Brainer

    Carl Icahn (Trades, Portfolio) believes that Apple (AAPL) shares are worth $240 a piece, a healthy premium to the current share price.


    He considers the company to be a "no-brainer" at this point:

      


  • Hertz To Improve Rental Prices To Boost Bottom Line

    As if the raise in airfares wasn’t giving tough times to consumers, the announcement by Hertz Global Holdings Inc. to increase car rental rates has come as a blow though its good news for the investors of the company. An important thing noted here is the clashing of the price hike by Hertz with the recent announcement of Carl Icahn (Trades, Portfolio)’s $100 million investment in the car sharing company Lyft Inc.


    Florida based American car rental company Hertz Global Holdings Inc. (HTZ) shared its decision to raise car rental prices at U.S. airports by $5 a day and $20 a week. Outside the airport, the prices are set to go up by $3 a day and $10 a week. Hertz doesn’t seem to be affected by the recent announcement of investment by Carl Icahn (Trades, Portfolio) in car sharing company Lyft, which might prove as a tough competition for the company. Shares of the company rose 5.3% to close at $20.60.

      


  • Carl Icahn Thinks Apple Is Worth $1 Trillion

    Carl Icahn (Trades, Portfolio)'s Letter to Tim Cook


    Key Assumptions

      


  • In An Open Letter To CEO Tim Cook, Investor Carl Icahn Details His $240 Per Share Value Estimate For Apple

    Dear Tim:


    We again applaud you and the rest of management for Apple’s (AAPL) impressive operational performance and growth. It is truly impressive that, despite severe foreign exchange headwinds and massive growth in investment (in both R&D and SG&A), the company will still grow earnings by 40% this year, according to our forecast. After reflecting upon Apple’s tremendous success, we now believe Apple shares are worth $240 today. Apple is poised to enter and, in our view, dominate two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, a view investors don’t appear to factor into their valuation at all. We believe this may lead to a de facto short squeeze, as underweight actively managed mutual funds and hedge funds correct their misguided positions. To arrive at the value of $240 per share, we forecast FY2016 EPS of $12.00 (excluding net interest income), apply a P/E multiple of 18x, and then add $24.44 of net cash per share. Considering our forecast for 30% EPS growth in FY 2017 and our belief Apple will soon enter two new markets (Television and the Automobile) with a combined addressable market size of $2.2 trillion, we think a multiple of 18x is a very conservative premium to that of the overall market. Considering the massive scope of its growth opportunities and track record of dominating new categories, we actually think 18x will ultimately prove to be too conservative, especially since we view the market in general as having much lower growth prospects.

      


  • Buy Manitowoc Cheaper Than Carl Icahn Did

    The Manitowoc Company (MTW) is one of the recent activist target of legendary hedge fund manager Carl Icahn (Trades, Portfolio). Icahn initiated a position in the stock in Q4 2014 by buying 4,492,631 shares at an average price of $20.03. He added 6,090,029 more shares to his portfolio at an average price of $20.69 in Q1 2015. The following chart shows his holding history in the company.



      



  • Manitowoc: Buy Into The Weakness

    Manitowoc Company (MTW) recently reported weak 1QFY2015 results, with issues like reduced CapEx spending by large restaurant chains and underperformance of KitchenCare business hurting the company's Foodservice equipment business. Management also lowered its guidance for Foodservice equipment business. The company is now expecting flat year-over-year revenues versus earlier expecations of mid single digit revenue growth. However, I believe investors should look beyond the current weakness and buy the company's shares as Manitowoc remains on track to separate its Cranes and Foodservice businesses which will act as a catalyst for the stock.


    In a recent report, Credit Suisse analysts maintained their outperform rating on the stock. Commenting on the results they said,

      


  • Carl Icahn: New Interview

    Legendary Activist investor Carl Ichan of Icahn Enterrpises (IEP) did a new interview with Wall Street Week. During the 28 min. interview Icahn talked about his investments, his childhood, how he is hedging for a market correction and his activist investing. During the interview he also talked about Apple (AAPL) and President Obama. The interview is very do and the best part is when Carl Icahn (Trades, Portfolio) talks about how he its hedging the market.

      


  • Activist Investing Legend Carl Icahn Reveals How He Is Hedging Stock Market Exposure Today

    For sheer entertainment value, there aren't many billionaire investors more interesting to follow than the original corporate raider Carl Icahn (Trades, Portfolio).


    In the video below, Icahn reflects on his childhood, his start to investing, and how he is hedging stock market exposure today.

      


  • 7 High-Conviction Stock Picks Held By The Masters of the Universe

    People love heroes. We instinctively look up to professional athletes, rock stars, and — against our better judgment — even politicians at times.


    The world of investments is no different. We mortals fawn over billionaire hedge fund managers as if they truly were the masters of the universe. Frankly, given the returns that some of these gentlemen generate, I’m not so sure they don’t deserve it.

      


  • Analyzing Joel Greenblatt's Holdings

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The Little Book that Beats the Marketir?t=gurufocuscom-20&l=ur2&o=1. He is also an adjunct professor with Columbia Business School.


    Greenblatt tries to find cheap and good companies. He looks for value with a catalyst. Greenblatt likes special situations and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principles in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. According to the latest disclosure, he was holding 1,797,124 shares of The Manitowoc Company, Inc. (MTW).

      


  • Thoughts on Portfolio Concentration And Position Weightings

    Recently, fellow GuruFocus contributor Canadian Value posted the transcript from Stanley Druckenmiller’s speech to the Lost Tree Club from earlier in the year (link).


    Let’s start with why you should care what he has to say: According to Sam Reeves, who introduced the speaker, Mr. Druckenmiller generated after tax returns for his shareholders of nearly 21% per annum over his 30 years managing outside funds (through 2010); at that rate, each $1,000 managed by Mr. Druckenmiller at Duquesne Capital was worth roughly $300,000 three decades later (fees aren’t mentioned in the transcript). And for the kicker, Mr. Druckenmiller never reported a down year over that period.

      


  • Exxon Mobil, Apple and Wells Fargo Are CrestPoint Capital Management’s Top Q1 Holdings

    CrestPoint Capital Management is a professional money management firm that specializes in the management of common stock portfolios. It disclosed an equity portfolio valued at around $192.36 million as of March 2015, representing a 4.4% increase from the previous quarter. The equity portfolio is mainly invested in Technology (17%), Finance (16%), and Consumer Discretionary (14%) stocks.


    The three largest holdings are represented by large-cap companies. These companies are Exxon Mobil Corporation (XOM), Apple Inc. (AAPL) and Wells Fargo & Company (WFC).

      


  • Risk and Reward in Carl Icahn's Bargain Stock Transocean

    I like Carl Icahn (Trades, Portfolio). I like him more than Warren Buffett even, because I don’t think he’s trying hard to impress you. And, let’s face it, he’s been an investor his whole life with no underlying profit generator to fall back on. Every decision he makes is binary - win or lose - and he’s been on the right side most of the time. That’s why he's worth $22 billion.


    A bargain stock that Carl has been interested in for a while is Transocean (RIG).

      


  • Time To Call In The Shorts On Lumber Liquidators

    Here’s an interesting company that some consider the Walmart of flooring, selling really low quality (and cheap) hardwood floors. The company has a network of around 318 Lumber Liquidators stores located throughout the United States and Canada.


      


  • A Look at Which Stocks Carl Icahn Continues to Buy

    Carl Icahn (Trades, Portfolio) made a name for himself as the vulture capitalist in the 1980's because he took positions in public corporations and demanded an initial makeover in management and corporate leadership.


    Now, he is known as a shareholder activist and is known for causing shareholder prices to increase when he begins to purchase shares of a company. This has been dubbed the "Icahn lift."

      


  • What to Expect From Apple's Dividend Hike?

    A recent article published by CNBC discussed the excess cash Apple Inc. (AAPL) has in the balance sheet and predicted the next dividend hike.


    Several opinions

      


  • Carl Icahn Increases Two of His Largest Stakes

    In the closing days of March, guru Carl Icahn (Trades, Portfolio) shored up two of his largest stakes. One, in fact – Federal-Mogul Holdings Corp (FDML) – is the largest in his portfolio.


    On March 26, Icahn purchased more than 17 million shares of Federal-Mogul Holdings, a Michigan-based manufacturer and supplier of powertrain (the components that generate power) elements and safety products for vehicles, for an average price of $12.88 per share.

      


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