Carl Icahn

Carl Icahn

Last Update: 2014-08-20

Number of Stocks: 19
Number of New Stocks: 1

Total Value: $32,532 Mil
Q/Q Turnover: 1%

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

Carl Icahn Watch

  • The Buyback Bonanza Boost

    With the S&P 500 off -1% from its all-time record high, many bears have continued to wait for and talk about a looming crash. For the naysayers, the main focus has been on the distorted monetary policies instituted by the Federal Reserve, but as I pointed out in Fed Fatigue is Setting In,QE and tapering talk are not the end-all, be-all of global financial markets. One need not look further than the dozen or so countries listed in the FT that have bond yields below the abnormally low yields we are experiencing in the U.S. (10-Year Treasury +2.75%).


    Although there are many who believe a freefall is coming, much like a trampoline, a naturally occurring financial mechanism has provided a relentless bid to boost stock prices higher…a buyback bonanza! How significant have corporate stock repurchases been to spring prices higher? Jason Zweig, in his Intelligent Investor column, wrote the following:

      


  • Carl Icahn's Open Letter to Stockholders of eBay Inc.

    CARL C. ICAHN RELEASES STATEMENT ON EBAY


    New York, New York, March 19, 2014 – Today Carl C. Icahn released the following open letter to stockholders of eBay Inc.

      


  • Carl Icahn's Open Letter to Shareholders of eBay Inc.

    FOR IMMEDIATE RELEASE


    CARL ICAHN ON EBAY:

      


  • GuruFocus Adds Two New Dividend Growers

    During the past week, GuruFocus recognized two additional companies as dividend growers. In order to be qualified for this list, the company had to:




  • Carl Icahn on eBay Board Rejections, Bill Ackman's 'Insane' Herbalife Crusade



  • Carl Icahn Will Fail… But He’s Not Totally Wrong

    After failing (for now) to convince Apple to return its massive cash reserves to shareholders, Carl Icahn (Trades, Portfolio) has turned his activist mind to eBay (EBAY) launching a full blown offense on its executives and board. If you have not yet heard about it, I highly recommend that you take a look at some of these posts:

    -Icahn says eBay corporate governance is worst ever
      


  • Carl Icahn on Tim Cook, Skype, eBay Governance



  • Carl Icahn on Mt. Sinai, eBay and Washington



  • Carl Icahn's Letter to EBAY Shareholders

    Dear Fellow eBay (EBAY) Stockholders,


    We have recently accumulated a significant position in eBay’s common stock because we believe there is great long-term value in the business. However, after diligently researching this company we have discovered multiple lapses in corporate governance. These include certain material conflicts of interest, which we believe could put the future of our company in peril. We have found ourselves in many troubling situations over the years, but the complete disregard for accountability at eBay is the most blatant we have ever seen. Indeed, for the first time in our long history, we have encountered a situation where we believewe should not even have to run a proxy fight to change the board composition. Rather, we believe that in any sane business environment these directors would simply resign immediately from the eBay Board, either out of pure decency or sheer embarrassment at the public exposure of the extent of their self-serving activities.

      


  • Corporate Raider Carl Icahn Believes Corporate Governance in the U.S. Is Dysfunctional

    Carl Icahn (Trades, Portfolio) sits down with Fox Business News to discuss many topics.


    One of them is corporate governance, which Icahn believes is dysfunctional in the U.S.

      


  • GuruFocus Guru of the Year Carl Icahn's Top Fourth Quarter Holdings

    GuruFocus’ Guru of the Year for 2013 reported his fourth quarter portfolio holdings today which highlighted 18 stocks valued at over $30.4 billion. This is a significant jump up from the company’s third quarter stocks which were valued at $24.6 billion. Over the past quarter the guru bought into one new company, Hologic (HOLX), and sold out of Take-Two Interactive Software (TTWO).


    The following five companies are Icahn’s top portfolio holdings as of the close of the fourth quarter.

      


  • How Apple Got Here (And What It Can Do to Get Back on Track)

    Apple (AAPL) stock has been a battleground for the last few years. Shares in the company had enjoyed a near meteoric rise, which ultimately culminated in a September 2012 high price of around $700 per share. Around the same time Steve Jobs, the cofounder and visionary for Apple, died. Then it's stock began to plummet, ultimately reaching its low of less than $400 per share in the summer of 2013. Since that time the share price has been on the rise again, and currently trades around $530 per share.


    Chart Courtesy of Yahoo Finance

      


  • Billionaire Investor Carl Icahn Tells Fox Business That Banks Should 'Go Back to Glass-Steagall'

    In an interview to appear tonight on FOX Business Network’s (FBN) Cavuto (6PM/ET), billionaire investor Carl Icahn (Trades, Portfolio) speaks with anchor Neil Cavuto about his position in Apple and about the economy overall. Icahn discusses Apple, saying, “I absolutely have no intention of selling” Apple stock and that, “I think Apple is one of the cheapest stocks around.” When asked about Apple’s management, Icahn says, “We like the management there. It is a little unique for us because usually we don’t like the manager.” Ichan goes on to speak about the Volcker Rule and says, “I think the Volcker Rule is fine. I think what they should do is go back to Glass-Steagall…a lot of my friends at these investment banks are going to be real mad at me for saying it, but I really think that was one of the problems in ‘08.” When asked about New York City Mayor Bill de Blasio, Icahn says, “I’m not a fan of the mayor.”

    Excerpts from the interview are below.  


  • Carl Icahn Plugs Apple Again

    Investor Carl Icahn (Trades, Portfolio) this afternoon continued his vocal campaign to convince the masses – and CEO Tim Cook – of the unwarranted discount of Apple (AAPL)’s current stock price.


    First, Icahn vouched for the continued creative fertility of the company, telling his Twitter followers:

      


  • Why Carl Icahn Likes Apple

    Two days ago, Carl Icahn (Trades, Portfolio) divulged straight to the public via Twitter that he had sunk another $500 million into Apple Inc. (AAPL). That day, his total Apple investment rose to $3.6 billion. Icahn called Apple’s value a “no brainer,” but later offered a lengthy discourse on just what it actually entailed, as he vies for a larger share buyback from the company.


    Valuation

      


  • Billionaire Investor Carl Icahn Tells Fox Business That He Intends to Buy Even More Apple Stock

    Billionaire investor Carl Icahn (Trades, Portfolio) spoke with FOX Business Network’s (FBN) Charlie Gasparino about his positions in Apple (AAPL) and Herbalife. He discussed his $500 million purchase of Apple stock today, saying, “we think it's really very undervalued, and the board is doing a major disservice by not using this greatest horde of cash in history.” Icahn went on to say Apple is “doing me a favor, because they're letting me buy the stock here at this value instead of buying it themselves.” When asked whether he plans to buy more Apple stock, Icahn said, “yes, we presently intend - at these values - to continue.  I think it's very cheap.” Icahn also commented on Herbalife (HLF) saying, he hasn’t “sold any shares” and that he thinks “it is very undervalued.”


    Excerpts from the interview are below.

      


  • Why Apple Should Increase Its Buyback in Seven Pages by Carl Icahn

    Dear Fellow Apple Shareholders,


    Over the course of my long career as an investor and as Chairman of Icahn Enterprises, our best performing investments result from opportunities that we like to call "no brainers." Recent examples of such "no brainers" have been our investments in Netflix, Hain Celestial, Chesapeake, Forest Labs and Herbalife, just to name a few. In our opinion, a great example of a "no brainer" in today's market is Apple (AAPL). The S&P 500's price to earnings multiple is 71% higher than Apple's, and if Apple were simply valued at the same multiple, its share price would be $840, which is 52% higher than its current price.1 This is a dramatic valuation disconnect that simply makes no sense to us, and it seems that the company agrees with us on this point. Tim Cook himself has expressed on more than one occasion that Apple is undervalued, and as the company states, it already has in place "the largest share repurchase authorization in history." We believe, however, that this share repurchase authorization can and should be even larger, and effectuating that for the benefit of all of the company's shareholders is the sole intention of our proposal. The company has recommended voting against our proposal for various reasons. It seems to us that the basis of its argument against our proposal is that the company believes, because of the "dynamic competitive landscape" and because its "rapid pace of innovation require[s] unprecedented investment, flexibility and access to resources", it does not currently have enough excess liquidity to increase the size of its repurchase program. Assuming this indeed is the basis for the company's argument, we find its position overly conservative (almost to the point of being irrational), when we consider that the company had $130 billion of net cash as of September 28, 2013 and that consensus earnings are expected to be almost $40 billion next year. Given this massive net cash position and robust earnings generation, Apple is perhaps the most overcapitalized company in corporate history, from our perspective. Regardless of what liquidity it may require with respect to "unprecedented investment, flexibility and access to resources" for innovation moving forward, we believe the unprecedented degree to which the company is currently overcapitalized would overcompensate for any such investments (including possible investments in strategic M&A, to which the company does not refer). Said another way, we believe that the combination of the company's unprecedentedly enormous net cash balance, robust annual earnings, and tremendous borrowing capacity provide more than enough excess liquidity to afford both the use of cash for any necessary ongoing business-related investments in addition to the cash used for the increased share repurchases proposed.

      


  • Carl Icahn Just Added Another $500 Million of Apple to His Portfolio - Should You?

    The famous Carl Icahn (Trades, Portfolio) of Icahn Capital Management LP, who happens to be a very active and successful investor, very recently tweeted about his increased stake in the mighty Apple Inc. (AAPL) and following this news, the price of the stock rose as much as 1.5%. The Princeton graduate has been very keen on Apple shares for some time now and in his words Apple is “one of the greatest no-brainers of all time.”


    With an addition of another $500 million worth of shares, Icahn’s total investment in the iPhone maker has moved well above $3 billion and he intends to buy even more. This is the third time that he has upped his stake in the company in the past six months. And it’s not just Icahn, but other hedge fund gurus as well who have huge faith in the stock. For David Einhorn (Trades, Portfolio) of Greenlight Capital, Apple happens to be one of his largest stock investments, and he has added to his stake in the company from time to time.

      


  • Carl Icahn Just Minutes After Discussing Apple Reveals eBay as Yet Another Target

    Warren Buffett (Trades, Portfolio) suggests that investors pretend they have a punchcard that allows them to make only a limited number of investments over their careers.


    If Carl Icahn (Trades, Portfolio) has one of those punchcards, he must have blisters from punching holes.

      


  • Carl Icahn Refutes Hertz Buying Rumors



Add Notes, Comments

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

User Comments

Bashe
ReplyBashe - 2 months 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 - 9 months ago
Icahn is known for acquiring large stakes in companies with the intent of changing their corporate strategies.http://bit.ly/19cSEv3
Tnguye48
ReplyTnguye48 - 10 months 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)
Free 7-day Trial
FEEDBACK