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

  • One of Icahn's Favorite Stocks Seems to be Overvalued

    One well-known activist investor, Carl Icahn (Trades, Portfolio), further increased his position in Chesapeake Energy Corporation (CHK) through Icahn Capital LP by 10% to $1.03 billion in the company's latest filing, with 73.05 million shares. Chesapeake is Icahn's eighth-largest holding in its $32.05 billion portfolio, and the stake represents 3.2% of Icahn´s portfolio, so we can conclude that the stock´s performance will affect its performance.


    Icahn remains bullish on the company as evidenced by his increased position in the company's shares, so let´s try to find the intrinsic value of the stock based on an absolute valuation model and see if we can have an upside potential in this stock.

      


  • Will Bill Ackman Go After Express Scripts Next?

    Bill Ackman (Trades, Portfolio) of Pershing Square, the second most well known activist investor only after Carl Icahn (Trades, Portfolio), just raised more money by issuing a billion worth of bonds. The NY Post reported that according to a source on an investor's call: Ackman plans to use the debt proceeds to help his $20 billion fund take on a big target. Ackman gets his fair share of headlines, and his targets usually quickly get bumped up a few notches. That makes it both fun and potentially profitable to speculate on his next target. With his fund getting bigger and bigger targets are becoming scarce which helps.


    To try and deduce what company Pershing Square will target, the first thing I did was set up a screen that excludes companies based on Ackman’s likely preferences. My screen excluded companies below $50 billion because he is going after a big target. It also excluded various industries like retail, energy and basic materials that I think he is unlikely to invest in right now based on his historic preferences and public comments he made. In addition I only included companies with a multiyear stable operating cash flow record and finally also excluded companies that analysts are extremely optimistic about because these are not logical targets for an activist. Finally, I expect Ackman will not invest outside the U.S. because of the additional legal issues and because of all the additional travel he and his team would need to do which could hurt the overall portfolio.

      


  • Market Valuations and Expected Returns – June 26, 2015

    The market was up more than 30% in 2013, the best year since the go-go years of 1990s. 2014 was another strong year for the market. The S&P 500 index was up more than 13%. Since the market recovery in 2009, the stock market has been up for 6 consecutive years. Yet in January 2015, the stock market benchmark S&P 500 lost 3.10%. In February, the market regained its strength by increasing 5.49%. Throughout March, the market went down by 1.74%. In April and May, the market was up by 0.85% and 1.05% separately.


    Bernard Baruch once said, “A market without bears would be like a nation without a free press. There would be no one to criticize and restrain the false optimism that always leads to disaster.”

      


  • Carl Icahn Sells Holding in Netflix

    Carl Icahn (Trades, Portfolio) of Icahn Enterprises (IEP) did an interview with CNBC on Wednesday were he informed the world that he's no longer a shareholder of Netflix (NFLX). His investment in Netflix is one of the best trades seen in a very long time. Icahn bought his stake in Netflix in 2013 when the company was selling for $54 per share, and over the last two years have returned 1,000% for Icahn. He discusses why he sold out and why he believes that Apple (AAPL) is another Netflix. After discussing Netflix and Apple, Icahn went on to discuss why he believes that the market is overvalued and that we are in another bubble like the one that burst in 2008.


    Part One

      


  • Carl Icahn: It's Time To Be Concerned About The Market

    Carl Icahn (Trades, Portfolio) believes it is ridiculous to buy a high yield bond today when you can buy a top quality corporate bond for a yield that is only 2% lower. He says that buyers of high yield debt are taking on a large amount of risk for the slightly better return that they will get if everything goes well.

      


  • Top Micro-Cap Picks From the Gurus

    Much like small-cap stocks, micro caps (generally defined as capitalizations between $50-300 million) offer opportunities for very large growth, but also present significant risk and volatility.


    Over the last year, the Russell Microcap Index returned 11.19%, slightly underperforming the Russell 3000 return of 11.86%. When looking over a three-year period, the Microcap index returned 20.89% compared to Russell 3000’s 19.92%.

      


  • The Fed Needs To Start Raising Rates Immediately – Billionaire Investor Carl Icahn

    Carl Icahn (Trades, Portfolio) thinks that the Federal Reserve should already have started raising rates.


    He isn't anti-Fed as he believes that they saved the country in 2008.

      


  • Marc Faber Sees Colossal Systemic Risks In The Markets Today

    Carl Icahn (Trades, Portfolio) thinks that there is a bubble brewing in the financial markets.


    The reason for this is the unprecedented length of time that interest rates have been held down for.

      


  • 7 Quirky Dividend Stocks

    With bond yields in the gutter for these past six years, investors have grown accustomed to looking in… shall we say… “nonconventional” places for yield. Whether in odd corners of the stock market or in dodgy-looking private placements, anything offering a respectable current income is bound to get at least a little attention.


    It’s easy enough to understand why. The 10-year Treasury yields barely more than 2%, and traditionally high-yielding sectors like utilities and REITs yield less than 4%. Even “high-yield” junk bonds (and yes, you have to write “high-yield” in quotation marks these days) yield only 5.9%, and these come with the not-so-insignificant risk of default.

      


  • Larry Robbins keeps on buying Manitowoc Co Inc.

    After his latest buys of Q1 2015, Guru Larry Robbins (Trades, Portfolio) keeps on increasing his stake in Manitowoc Co Inc (MTW) even in June (Q2), according to GuruFocus real time picks.


    In March he bought the stock for the first time, and now he increased his stake by 11.61% at an average price of $19.3 reaching a total of 9,614,197 shares held. After this buy the Investor is still the second main holder of MTW after Carl Icahn (Trades, Portfolio) who owns 10,582,660 shares.

      


  • Carl Icahn Reflects On His Long Career Of Corporate Raiding

    In 1962 Carl Icahn (Trades, Portfolio) learned a critical lesson.


    The source of the lesson was him losing all of his money.

      


  • Carl Icahn: Part Of His Interview With Wall Street Week

    Carl Icahn did a two-part interview with Wall Street Week. and the second part is out. He discuss his early career on Wall Street, and the option brokerage firm that he started. Icahn also discuss losing all of his money and the lessons he learned from that massive loss. He talked about the casino mentality that runs through the market and how dangerous it is. It's a great interview and anyone wanting to know more about Icahn's early career should watch and also get the book "King Icahn: The Biography of a Renegade Capitalist." The book really tells you how Icahn started is activism and how he won his activist campaigns.


    Part 2

      


  • Apple, SunEdison and Biogen: Hellman, Jordan Management's Top 3 Stocks Outperform the Rise in the S&P 500 Index

    Hedge fund Hellman, Jordan Management Company, Inc disclosed an equity portfolio valued at some $548.6 million as of the end of the first quarter of 2015. The equity portfolio is mainly invested in Technology (32%), Consumer Discretionary (24%) and Health Care (17%) stocks. The fund’s last 13F filing showed that the fund raised its exposure towards consumer discretionary and tech stocks but reduced its holdings in the health care and industrials sector.


    In this article we will look into the top three picks held at the end of Q1. Among 10 largest holdings from Hellman, Jordan’s equity portfolio (which amass 37.07% of the total portfolio value), the three top are: Apple Inc. (AAPL), SunEdison, Inc. (SUNE) and Biogen Inc. (BIIB).

      


  • 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.

      


Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

Bashe
ReplyBashe - 1 year ago
you got Icahn going from 6 million to 104 million you guys charge us for information you got to get the numbers right. does anyone there read the stuff you post?
Robertbradf@google
ReplyRobertbradf@google - 1 year ago
Icahn is known for acquiring large stakes in companies with the intent of changing their corporate strategies.http://bit.ly/19cSEv3
Tnguye48
ReplyTnguye48 - 1 year ago
Is APPLE missing in this portfolio?



Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK