Carl Icahn

Carl Icahn

Last Update: 05-16-2016

Number of Stocks: 21
Number of New Stocks: 0

Total Value: $21,485 Mil
Q/Q Turnover: 1%

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

Carl Icahn Watch

  • What’s Really Driving Apple?

    Narratives are a fundamental part of our human existence. They’re the key to how we process information. Just as the mind instinctively searches for visual patterns in nature, it also seeks to derive patterns and meaning from information flow. We create stories to help us understand.


    We see this in financial markets all the time, though it’s not always a good thing. You’ve heard the talking heads on CNBC. They hop on camera and try to attribute every little market gyration to one news story or another. This type of narrative creation doesn’t make much sense. Most of the day-to-day movement in the markets is just noise.

      


  • Top 10 Investing Apps

    There are a lot of investing and other financial tools available to the individual investor in today's world. Apps shouldn't be ignored. Conveniently sitting at your fingertips ready to provide analysis, ideas, money management and other data, apps are part of today's technology that investors should cherish and utilize.


    In this list I've gathered my 10 favorite apps that I use for investing and other financial aspects of my life every day. As always, please share your thoughts and comments below!

      


  • Is Seasonal Investing the Best Way to Approach the Market?

    What happens when the markets stop making sense? How do you even begin to analyze which stocks to invest in?


    Over the last two years, markets have defied conventional theories, rallied even when the global economies appeared to be struggling and in the process managed to sway several investors into believing that everything was on a roll.

      


  • Doom, Gloom and Champagne

    There were several key conferences this week where business leaders, investors and big thinkers shared their ideas and thoughts on the world today. The one getting the most coverage is the Ira Sohn conference in New York, where major investors give talks to raise money to fight children’s cancer. The big news out of there is that Stanley Druckenmiller (Trades, Portfolio) said flatly that investors should get out of the market.


    He said the Fed has no end game and their policies are preventing the very growth they had helped to engineer. 

      


  • Large Discount to Intrinsic Value

    Loral’s share price has dropped more than 50% since the beginning of 2015 while its major assets have been performing well. The stock is currently at 30% to 50% discount to a conservatively estimated fair value. Removing such a discount would result in more than 40% shareholder return.


    Loral’s controlling shareholder has tried several times to remove the discount in the past and is still trying hard. The chances are that it will succeed sooner or later.

      


  • Apple a Good Pick for Dividend Stock

    Summary


    · APPL currently sports a dividend with a yield of approximately 2.43%.

      


  • Carl Icahn Interview With CNBC

    Billionaire activist investor Carl Icahn (Trades, Portfolio) did an interview with CNBC Thursday in which he continued to warn about the coming day of reckoning for the market. During the interview Icahn discussed some of his investments and why he believes the market is overvalued – as well as other topics.


    Part 1

      


  • Why Icahn Sold Apple


    Carl Icahn (Trades, Portfolio) has been pushing Apple (NASDAQ:AAPL) for about 2½ to three years to buy back stock in a very public manner. Less than a year ago, Icahn described Apple as strongly undervalued and one of the greatest growth stories in corporate history:

      


  • Apple Is Facing a Big Problem

    Apple (NASDAQ:AAPL) reported its worst-ever quarter earlier this week, missing estimates on both revenue and earnings. Not only were the misses the biggest in Apple’s history, the company’s guidance was also terrible. The high end of Apple’s revenue guidance for the next quarter came in 10% lower than the analysts’ estimate of $47 billion.


    Although Apple is trading at a conservative earnings multiple, Mr. Market’s obsession with growth has pushed Apple’s stock down more than 10% since the earnings release. Moreover, Carl Icahn selling his position in the stock recently put further downward pressure on the stock. It was only a few months ago that Icahn said Apple was worth more than $200 and that buying the stock was a “no-brainer.”

      


  • American Railcar and HCI Group May Be Undiscovered Gems

    Attention, lovers of small stocks. Here are five small-capitalization stocks that I think qualify as undiscovered gems.

    America Railcar Industries Inc. (ARII), a railcar manufacturer based in St. Charles, Missouri, leads off the list. Financier Carl Icahn (Trades, Portfolio) owns a significant stake here, which is interesting to me since he often prefers larger companies.  


  • Carl Icahn Continues to Reduce Tegna Stake

    Carl Icahn (Trades, Portfolio) decided to cut ties with 1,658,488 shares of Tegna Inc. (NYSE:TGNA) during the first quarter at an average price of $24.74. Since the fourth quarter of 2015, Icahn has sold 4,255,774 shares of Tegna from his portfolio.


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  • Carl Icahn Increases Position in Icahn Enterprises

    Carl Icahn (Trades, Portfolio), the leading guru shareholder and board chairman of Icahn Enterprises (NASDAQ:IEP), increased his position in the conglomerate by more than 2% on April 14.


    That may not sound like a sizable percentage, and it wouldn’t be for garden-variety investors, but 2% means a lot more when the stake is the size of Icahn’s. The guru acquired 2,771,575 shares, which is fewer than 1 million shares shy of the entire stake held by Icahn Enterprise’s second-leading shareholder among the gurus, Murray Stahl (Trades, Portfolio). Stahl’s stake is 3,507,276 shares.

      


  • Carl Icahn Buys Pep Boys, Xerox

    Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. He buys beaten-down assets that nobody else wants, usually out of bankruptcy, then fixes them up and sells them when they are back in favor. The real-time picks of the first quarter of the year, according to GuruFocus' Real Time updates, are the following:


    He raised his stake in Rentech Nitrogen Partners LP (RNF) by 1.72%. The deal had an impact of 0.01% on the portfolio.

      


  • Carl Icahn Continues to Reduce Position in Hologic

    Guru Carl Icahn (Trades, Portfolio) reduced his position in Hologic Inc. (NASDAQ:HOLX), slashing 3,346,767 shares from his portfolio Monday.


    Hologic was incorporated in Massachusetts in October 1985 and reincorporated in March 1990. Hologic is a leading global health care and diagnostics company. It is a developer, manufacturer and supplier of medical imaging systems and diagnostic and surgical products focused on the health care needs of women. Hologic's core business segments are focused on breast health, GYN surgical and skeletal health.

      


  • Carl Icahn Trims Stake in Nuance Communications

    In two transactions in March, Carl Icahn (Trades, Portfolio) sold more than half of his stake in Nuance Communications Inc. (NASDAQ:NUAN), a computer software company headquartered in Burlington, Massachusetts. It provides speech and imaging applications.


    In Icahn’s first transaction, on March 9, he sold more than 26.3 million shares for $20.21 per share. The transaction lowered his stake by 43.29%. A week later, on March 16, Icahn sold another 4.4 million shares for $20 per share, further reducing the stake by 12.77%.

      


  • Carl Icahn Buys More Pep Boys in 1st Quarter

    Guru Carl Icahn (Trades, Portfolio) is an American business magnate, investor, activist shareholder and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City. Icahn is currently ranked as the 43rd richest person in the world according to Forbes.com with an estimated net worth of $17.7 billion.


    In the first quarter of 2016, Icahn added 39,347,282 shares of Pep Boys - Manny Moe & Jack (NYSE:PBY).

      


  • David Einhorn's Top 3 Positions Include Apple, General Motors and Time Warner

    David Einhorn (Trades, Portfolio)'s Greenlight Capital disclosed an equity portfolio valued at some $5.47 billion as of the end of the fourth quarter of 2015. The equity portfolio is mainly invested in Consumer Discretionary (33%), Technology (20%) and Industrials (18%) stocks.


    Among the 10 largest holdings from Greenlight Capital’s equity portfolio (which amass 59.07% of the total portfolio value) at the end of December, the top three are: Apple Inc. (NASDAQ:AAPL), General Motors Co. (NYSE:GM) and Time Warner Inc. (NYSE:TWX).

      


  • Carl Icahn Bought Xerox and You Should Too

    Why did such an investment genius such as Carl Icahn buy a dead-end copier company that made multiple blunders, including basically giving away the GUI operating system that runs every computer on the planet?


    The company and Icahn have completed an agreement that paves the way for Xerox to split in two, giving Icahn the ability to select three directors for the Business Process Outsourcing segment. Icahn tweeted: 'We believe the separation will greatly enhance value for $XRX shareholders.” LIke his deal with eBay (NASDAQ:EBAY) and PayPal (NASDAQ:PYPL), when times are tough, let’s break up. 

      


  • Apple Computers: Time to be Greedy While Others Are Fearful

    It appears the market is afraid of a possible slowdown in Apple’s (AAPL) growth in its next earnings and has dropped the stock from the $130s in 2015 to below $94 in February, a drop of 20%. This is shortsighted speculating rather than investing. It is time for value investors to be greedy.


    Forward estimates are not a science as we see by Morgan Stanley’s (NYSE:MS) note in March that said that, per its iPhone tracker, demand for the iPhone for the March quarter is tracking well ahead of the Street consensus. This is after it had lowered its price expectation by 12% in December 2015. This is why a value investor looks at the past actuals rather than forward estimates, which are a form of speculation.

      


  • Carl Icahn Raises Stake in AIG by More Than 3,000%

    Carl Icahn (Trades, Portfolio), whose net worth is estimated by Bloomberg to be $20.8 billion, focused most of his fourth-quarter trading activity on additions to existing stakes. He didn’t limit himself to additions, however. He also made two new buys and trimmed three existing stakes.


    Icahn’s most noteworthy fourth-quarter transaction was the increase of more than 3,003% to his stake in American International Group Inc. (NYSE:AIG), a New York-based insurance and financial services company. Icahn purchased 40,882,745 shares for an average price of $61.09 per share. The deal had an 8.6% impact on Icahn’s portfolio.

      


  • Icahn Removes 2 Directors, Cuts Stake in Nuance Communications

    Activist investor Carl Icahn (Trades, Portfolio) reported Tuesday that he trimmed his position in Nuance Communications (NASDAQ:NUAN) by 12.77%, and now holds 30,068,833 shares, or 9.88% of the company.


    Icahn sold 4,400,000 shares of the company for $20 per share. Nuance provides voice and language solutions for businesses. The stock has appreciated 41% over the past year and traded at $19.63 as of Thursday afternoon.

      


  • Whole Foods Market Update: Did I Make a Mistake?

    I’ve been holding Whole Foods Market (NASDAQ:WFM) for close to two years now, and it’s one of my bigger losers.


    In fact, it’s glaring at me with its ugly blood shot eyes, flashing -32%.

      


  • Carl Icahn Gets 7.7% Stake in New Manitowoc Spin-Off

    Carl Icahn (Trades, Portfolio) has reported receipt of 10,582,660 shares of equipment company Manitowoc Foodservice Inc. (NYSE:MFC), a spin-off that he helped orchestrate from the former farm equipment-slash-foodservice company, Manitowoc Co. Inc. (NYSE:MTW).


    Icahn sprung his classic campaign on Manitowoc in December 2014, taking a 7.77% stake and making known his aim to divide the company in two. The company acquiesced to Icahn’s plan (Larry Robbins (Trades, Portfolio) of Glenview Capital joined him on the endeavor) on Feb. 11. Shareholders received one free share of the new company for each share of the crane company they owned, meaning Icahn has an equal amount of shares of both companies.

      


  • 5 Most Popular S&P 500 Stocks

    The following were five of the most popular Standard & Poor's 500 stocks among the gurus during the fourth quarter, according to results from GuruFocus’ All-in-One Screener.


    Apple (NASDAQ:AAPL)

      


  • Apple Still a Great Long-Term Play

    Apple Inc. (NASDAQ:AAPL) has seen over $25 billion in market cap value wiped away thanks to slow iPhone growth and Carl Icahn (Trades, Portfolio) trimming his position. Clearly the global economy is slowing down, which is resulting in a slow down in iPhone sales. But this doesn't mean there isn't value in Apple. The company has over $200 billion in cash and has repurchased over a $100 billion dollars of its shares over the last few years. Apple has continued to increase its share repurchase program, which now stands at $180 billion. This has resulted in the company increasing debt to 20% of its balance sheet; however, the company produces more than enough in operating cash flow to pay this down with five years.


    Business overview

      


  • Icahn Holding American Railcar Selling at Major Discount

    American Railcar Industries Inc. (NASDAQ:ARII) is a North American designer and manufacturer of hopper and tank railcars operating in three segments: Manufacturing, Railcar Leasing, and Railcar Services.


    American Railcar dates back to the 1800’s when the Milton Car Works and 12 other railcar builders led by William Keeny Bixby of Missouri Car and Foundry formed the predecessor, the American Car and Foundry Company. It remained private until 2006, when American Railcar began trading on the Nasdaq.

      


  • Carl Icahn Sells Half of Stake in Mentor Graphics

    Carl Icahn (Trades, Portfolio) last week lightened his holding of Mentor Graphics (NASDAQ:MENT), an abortive activist target attempt from five years ago, as his money poured from his top holdings such as Cheniere Energy (LNG) and CVR Energy (NYSE:CVI).


    His sale of 8,060,145 shares of Mentor, or half his stake, on Friday netted him a hefty profit. The company paid him $18.12 per share, or $146 million in total, to repurchase the shares from him at the previous day’s closing price. Icahn reportedly paid between $8 and $11 when he accumulated the stake in 2010 and 2011.

      


  • Carl Icahn Buys AIG, Reduces Apple

    Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. The following were his most heavily weighted trades during the fourth quarter.


    Icahn increased his stake in American International Group Inc. (AIG) by 3003.16%, and the deal had an impact of 8.6% on the portfolio.

      


  • John Paulson, Icahn Pick to Join AIG Board

    Insurance giant American International Group Inc. (NYSE:AIG) today announced that it would expand its board of directors to accommodate two new seats and nominated fund managers John Paulson (Trades, Portfolio) and Samuel Merksamer to fill them.


    The board of directors agreed to increase its number of seats from 14 to 16 and to vote on Paulson, the president of Paulson & Co. and Merksamer, managing director of Icahn Capital LP, at the 2016 annual meeting of shareholders in May.

      


  • The Samurai Stock Market


    The strong ones in life are those who understand the meaning of the word patience. Patience means restraining one’s inclinations. There are seven emotions: joy, anger, anxiety, adoration, grief, fear and hate, and if a man does not give way to these he can be called patient. I am not as strong as I might be, but I have long known and practiced patience. And if my descendants wish to be as I am, they must study patience.” – Tokugawa Ieyasu

      


  • Carl Icahn Boosts Xerox Stake as Company Decides to Split, Give Him Board Seats

    Carl Icahn (Trades, Portfolio) increased his shareholding of Xerox (NYSE:XRX) in January, a filing revealed Friday as the company announced increased partnership with him and major changes in line with his vision for the company.


    Icahn’s funds purchased an additional 5,740,871 during the period from Jan. 4 to Jan. 8, at an average price of $10.05 per share. According to the filing, the purchases brought his total stake in the company to 92,377,043 shares, or 9.12% of its shares outstanding, and a boost of 12.2% from his last disclosure in December.

      


  • What Is David Einhorn Doing?

    Greenlight Capital’s David Einhorn (Trades, Portfolio) made a splash this week by seeking a seat on the board of troubled solar company SunEdison (SUNE). SunEdison’s stock is down nearly 90% since July, though Greenlight has been adding to its position since the beginning of this year and now owns about 6% of the company.


    While SunEdison is getting the headlines right now, I’m more interested in some of Einhorn’s other investments. Einhorn, like a lot of aggressive hedge fund managers, runs a concentrated long portfolio. So the movement of a single stock or two can have an outsized impact on his portfolio. And Einhorn — like a lot of value managers, myself included — has taken his lumps over the past year.

      


  • AIG Releases Plans for Changes, Shareholder Returns

    After close scrutiny from activist investor Carl Icahn (Trades, Portfolio), insurer American International Group (NYSE:AIG) today released its plans for the future of the firm which include some substantial changes but fall short of the leading shareholder's demands.


    Holding approximately 42 million shares of the outstanding stock of AIG, Icahn wrote an open letter to the firm’s management on Oct. 28 suggesting the firm break up into three independent companies. Outspoken in his suggestions, the activist investor’s urgings follow much speculation from shareholders and market experts on the optimal business structure for the firm, specifically following trends in the industry that have increased regulatory burdens for insurance companies.

      


  • AIG Responds to Icahn's Call for Breakup

    NEW YORK--(BUSINESS WIRE)--Jan. 19, 2016-- American International Group, Inc. (NYSE:AIG)(NYSE: AIG) today issued the following statement:

    AIG continues to take steps to narrow its focus, improve its financial performance, and return capital to shareholders. AIG maintains an active dialogue with shareholders, including Carl Icahn (Trades, Portfolio). As previously announced, on January 26, AIG will provide an update on its strategy and its proactive plan to drive shareholder value.  


  • Carl Icahn Sends Open Letter to AIG Board

    New York, New York, January 19, 2016 – Today Carl C. Icahn released the following open letter to the board of directors of American International Group, Inc. (NYSE:AIG)(NYSE: AIG):

      


  • Share Your Year-End Performance, Best Picks for 2016

    It’s a new year and we’re interested in hearing how GuruFocus members fared in 2015, a rather tough year for the market. What were your best holdings, which stocks were your largest detractors and what is your best idea for 2016? Share your picks in the comments area below.

    The gurus posted performances all across the spectrum. Carl Icahn (Trades, Portfolio), who was recently voted Guru of the Year by a landslide, had a busy 2015 with a multitude of activist moves involving companies like AIG (NYSE:AIG), Pep Boys (NYSE:PBY) and Cheniere Energy (LNG). Despite being down 2.8% through the third quarter, Icahn’s fund is still outperforming the S&P 500, which declined 8% over the same time frame.  


  • Is There Value in Apple?

    Apple (NASDAQ:AAPL) is a company that is incredibly difficult to value because of its short product cycles. Earnings are high, true, but they could fall back quickly if and when next year’s product isn’t a hit. Costs are always harder to scale back as quickly.


    Gurus I greatly respect like David Einhorn (Trades, Portfolio) and Carl Icahn (Trades, Portfolio) have taken up their allocations to 20%-plus levels. Meanwhile, I have consistently underestimated how well Apple would do given its meteoric rise over the past decade.

      


  • Carl Icahn Wins Title of 'Guru of the Year'

    Carl Icahn (Trades, Portfolio) has won Guru of the Year for 2015.


    The investor garnered 43.9% of GuruFocus reader votes, almost twice that of the leading competitor. Other gurus who earned nominations this year were Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B)’s two money managers Ted Weschler and Todd Combs, Lou Simpson (Trades, Portfolio), John Malone and Bill Nygren (Trades, Portfolio).

      


  • Carl Icahn Makes Big Transactions in 3rd Quarter

    With an estimated net worth of $21.9 billion, Carl Icahn (Trades, Portfolio) can do big things in many ways, and his third-quarter transactions prove it.


    Icahn’s most noteworthy third-quarter transaction was the addition of 27,471,241 shares to his stake in Cheniere Energy Inc. (LNG), a Houston-based developer of liquid natural gas terminals, for an average price of $61.88 per share. The transaction had a 4.76% impact on Icahn’s portfolio.

      


  • Carl Icahn's November Presentation for Icahn Enterprises



  • Is Carl Icahn Completely Wrong With Freeport-McMoRan?

    Carl Icahn is the largest shareholder in Freeport-McMoRan (NYSE:FCX) with his recent purchase of around 100 million shares.


    He spent close to $1 billion, got two board seats and is down over $290 million on the trade. “Go big or go home” is a phrase that comes to mind with Icahn, which is why I like him so much.

      


  • Best Stocks for 2016: Energy Transfer Equity is Beaten Down and Ready to Rally

    If you’ve read my work for any length of time, you know I’m not a major risk taker. In my experience, slow and steady wins the race.


    That was my rationale for recommending Prospect Capital (NASDAQ:PSEC) in last year’s Best Stockscontest. I reasoned that a diversified private equity portfolio trading at a deep discount to book value was a low-risk investment with a high probability of generating a market-beating return. Between a return to book value and the high dividend, I expected total returns of as high as 40% within 12 to 18 months.

      


  • Carl Icahn's Energy Stocks Present a Turnaround Trade for 2016

    Carl Icahn (Trades, Portfolio)’s portfolio has three big name energy companies: CVR Energy (NYSE:CVI), Cheniere Energy (LNG), and Chesapeake Energy (NYSE:CHK). Together they make up 17% of his holdings, yet each are down significantly from their reported prices.


    If you want to make a broad play on the energy market going into 2016, this could be a buying opportunity and one that is obviously backed by a guru investor with a long history of building wealth.

      


  • Growth Rates, Performance of Carl Icahn's Top 3 Stocks

    Carl Icahn (Trades, Portfolio) manages Icahn Capital Management LP, a $27.8 billion hedge fund. It is important to analyze key holdings from prominent fundamental-oriented hedge funds because hedge funds have more analytical resources to analyze stocks than the majority of individual investors. Let's analyze Icahn's most interesting stock selections:


    Largest position - Icahn Enterprises LP (NASDAQ:IEP)

      


  • Carl Icahn Makes 'Superior' Offer to Buy Pep Boys

    Carl Icahn (Trades, Portfolio) has made a new offer for Pep Boys (NYSE:PBY), upping his offer to $16.50 per share, which is now double Bridgestone's offer. Pep Boys disclosed the new offer from Icahn in the following press release.


    Press release:

      


  • Carl Icahn Bets Big on Xerox

    Guru Carl Icahn (Trades, Portfolio) is an American business magnate, investor, activist shareholder and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City.


    On Nov. 11 Icahn bought 72,218,801 shares of Xerox (NYSE:XRX).

      


  • Guru of the Year: Nominate Your Favorite Investor

    As the year winds down, it’s time again for GuruFocus readers to pick their favorite investing manager to be crowned Guru of the Year. In the past, readers have chosen legends such as Carl Icahn (Trades, Portfolio), Charlie Munger (Trades, Portfolio) of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) and David Einhorn (Trades, Portfolio). Post your vote in the comments section below and check back to see who will be 2015’s Guru of the Year.


    Though value investors have relatively little concern for short-term performance and results, it’s clear that some gurus have had a better year than others. Bill Ackman (Trades, Portfolio)’s Pershing Square has generated headlines for its large stake in Valeant Pharmaceuticals (NYSE:VRX), which has been accused of improper business practices and accounting related to its partnership with a specialty pharmacy called Philidor Rx Services. Ackman has increased his position in the stock that has lost about half its value in the past few months, while other guru investors such as Wallace Weitz (Trades, Portfolio), Kyle Bass (Trades, Portfolio) and Jana Partners (Trades, Portfolio) have exited their holdings.

      


  • Icahn: Why High Yield Market Meltdown Is Just Beginning

    Carl Icahn (Trades, Portfolio) appeared on CNBC on Friday after the market tanked nearly 300 points, oil fell below $36 per barrel, and the meltdown in the high yield market. Icahn discussed why he believes the meltdown is just beginning, as well as his recent investments and why he increased his stake in Hertz (NYSE:HTZ).


    Interview With CNBC:

      


  • Insiders Buy Shares at Northern Oil & Gas, Wynn Resorts

    The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "December 2015."


    According to the above filters, the following are the recent buys from company insiders in the past week.

      


  • Carl Icahn Is Loading Up on This Falling Holding

    Guru Carl Icahn (Trades, Portfolio) is an American business magnate, investor, activist shareholder and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York.


    On Dec. 7 Icahn added 11,786,678 shares of Hertz Global Holdings Inc. (NYSE:HTZ), an increase of 22.7% for him. He now has a total of 63,709,083 total shares in this holding.

      


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