Carl Icahn

Carl Icahn

Last Update: 03-27-2015

Number of Stocks: 22
Number of New Stocks: 1

Total Value: $31,896 Mil
Q/Q Turnover: 2%

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

Carl Icahn Watch

  • Icahn’s Oshkosh Reign Slims Down to 6.78%

    As of yesterday, Carl Icahn has reported giving up more of his shares of specialty truck producer, Oshkosh Corp. (OSK), trimming 1.2 million shares, his second reduction after deciding to call it quits in his tender offer several days ago when he failed to receive Oshkosh shareholder support. (Read Icahn Backs Off From Oshkosh.) The share disposal deflates Icahn’s ownership down to 6.78 percent from 8.13 percent six days ago. The reduction accounts for 16.57 percent of his overall stake, according to GuruFocus Real Time Picks.

    Over the past few months, Oshkosh confidently battled Icahn in a drawn out, publicized proxy fight. The basis of Icahn’s activist endeavors center around his belief that Oshkosh is undervalued and poorly managed. With every attempt, Oshkosh retaliated by reassuring its shareholders that Icahn’s claims were false and inadequate.  


  • Icahn Abides by Tender Offer Deadline, Backs Off from Oshkosh and Reduces Stake

    Dec. 3 marked the deadline for Carl Icahn to see whether he and Icahn Enterprises LP should continue the $32.50 per share tender offer they extended to shareholders of specialty truck producer, Oshkosh Corp. (OSK), one of the companies in Icahn’s takeover radar. Icahn placed a 25 percent tender threshold by the time of the deadline to continue the offer, anticipating Oshkosh shareholder support.

    The result? Only 22 percent of the shares were tendered by the time of the deadline, and no shares were purchased. As part of Icahn’s self-inflicted stipulations, he and Icahn Enterprises LP were left to abandon the tender offer. On top of that, Icahn reported to stepping down from 9.5 percent ownership of the company and reducing his shares by 14 percent, according to GuruFocus Real Time Picks.  


  • Netflix Stock Surges After Announcing Disney Deal, Guru Commentaries

    Today, Netflix Inc. (NFLX)’s stock soared up to almost 15 percent after announcing a multi-year licensing agreement with The Walt Disney Company (DIS), reserving Netflix's exclusive rights to Disney movies after their run in theaters. Though the financial terms of the agreement have not yet been disclosed, Netflix chief content officer, Ted Sarandos, says Disney and Netflix have long shared a mutually beneficial relationship, and this partnership is just “a bold leap forward for Internet television.”

    Recently, Netflix has flooded media headlines about concerns dealing with its programming spending.  


  • Chesapeake Revisited, as Icahn Slides to 8.98% Ownership

    As highly esteemed activist investor Carl Icahn reported increasing his Chesapeake (CHK) stake by almost 20 percent today, Chesapeake’s long talked-about issues pertaining to its corporate governance and its financial losses that caused the company’s tumultuous and highly scandalized year, reappeared in the spotlight.

    With a market cap of $11.06 billion, Chesapeake remains as one of the largest producers of natural gas. Headquartered in Oklahoma City, the company’s operations expand to multiple locations such as Utica, Cleveland, Tonkawa, Mississippi and Eagle Ford, to name a few.  


  • Carl Icahn – Netflix Poison Pill Is a Travesty Of Corporate Governance

    Icahn believes that Netflix (NFLX) is undervalued and does not understand the big short position in the stock. He thinks Netflix will be very difficult to compete with and if the company is put in play a takeover would attract a very large premium.

      

  • A Closer Look at Take-Two Interactive as Icahn Inches Closer to 10% Ownership

    In a 13D filing to the SEC dated Nov. 5, outspoken activist investor Carl Icahn has reported to boosting his stake of Take-Two Interactive Software Inc. (TTWO) to a total ownership of 9.57 percent, up from 8.7 percent ownership reported in the second quarter of this year.

    This brings his total holding to 8,686,074 shares of Take-Two Interactive to date.  


  • Carl Icahn Says Netflix Shares Were ‘Undervalued,’ Takes 10% Ownership

    Netflix (NFLX) stock rose almost as high as 20% Wednesday after renowned activist investor Carl Icahn reported his new stake in a 13D filing to the SEC – a total purchase of 5,541,066 shares or 9.98% reign of the company.

    The filing outlines the purpose of the transaction, which amounted to $168.9 million including commissions and premiums, with reasons similar to what Icahn has outspokenly claimed in previous leveraged buyout initiatives.  


  • Why Did Icahn Buy Call Options of NFLX?

    Shares of Netflix (NFLX) soared when it was revealed that Carl Icahn had taken a large stake in the online video platform.

    In an interview with CNBC, Icahn said:  


  • Icahn's Corporate Governance Could Be Criticized, Too

    Carl C. Icahn recently criticized Oshkosh Corp. (OSK) for continuing to "overpromise and under deliver." After the activist investor asked Oshkosh shareholders to sell their holdings to him or replace the truck maker’s board with directors that his team nominated, the existing board recommended rejecting his offer on Friday on the grounds that it undervalues Oshkosh. As it happens, Icahn's own company could improve its corporate governance, too.

    Icahn Enterprises LP (IEP) is a diversified holding company that owns subsidiaries engaged in businesses ranging from gaming to home fashion. As of December 2011 it consisted of 20 people who are involved in tasks such as identifying and acquiring undervalued assets and businesses. Icahn’s affiliates own around 92.6% of the company’s outstanding depositary shares, raising questions about the extent to which the needs of his few investors get prioritized.  


  • Carl Icahn Buys More Navistar in Share Offering

    Billionaire investor Carl Icahn increased his position in large truck manufacturer Navistar International Corp. (NAV) by 15.56% on Oct. 25, according to GuruFocus Real Time Picks.

    The transaction was for 1,594,667 shares, for which he paid $18.75 each, or $29.9 million total. His updated total Navistar holding size is 11,845,167 shares. In an aggressive buying spree, Icahn has made at least 10 purchases of Navistar since July, as he tries to force his will within the company.  


  • Carl Icahn Increases Ownership of Motricity Inc. to 37 Percent

    Billionaire investor Carl Icahn increased his holding of Motricity Inc. (MOTR) by 157.54% on Oct. 11, 2012, according to GuruFocus Real Time Picks.

    The transaction was for 10,684,237 shares. Added to the 6,782,039 shares he already owned since the second quarter of 2011 when he initiated the position for $10 per share on average, he owns a total stake of 17,466,276 shares. This share count represents 30.73% of the company.  


  • Navistar Strengthens Its Corporate Governance, but Problems Remain

    Caving under pressure from the activist investors Carl Icahn and Mark H. Rachesky, Navistar International Corp. (NAV) recently strengthened the supervision of its senior managers by replacing three board members. But the truck and engine maker still has more work to do on its corporate governance.

    The former CEO Daniel C. Ustian and his team struggled against headwinds in recent years ranging from the economic crisis to production failures. As Navistar’s stock price sank in the past year, Mr. Icahn has been upping his investment stake and pushing for change. On Sept. 11 he threatened that if Navistar didn’t shake up its uncooperative board of directors, he would “engage in the tiresome and expensive process of protracted litigation and a proxy fight.”  


  • Carl Icahn Discusses His $3B Offer for Oshkosh and His Acquisition Strategy

    Well-known billionaire investor Carl Icahn was on Bloomberg to discuss his just announced buyout offer for Oshkosh Corp (OSK) and his reasons for why OSK is a great value.

    -- Oshkosh is undervalued company with poor management and offers compelling value for capital growth.  


  • Carl Icahn Writes to Navistar - My Comments Are Not Threats, But Demands You Should Take Very Seriously

    Dear Fellow Navistar Shareholders:

    In its September 10 press release the Navistar Board dismissed my September 9 letter as “threats, attacks and disruption rather than continuing constructive engagement”. As that Board is well aware, I have a $330.9 million investment in Navistar, a company with a market capitalization that has fallen from just under $3.5 billion to $1.7 billion in the past 12 months. The top four holders alone own approximately 56% of Navistar stock. Meanwhile, total ownership of the Board and management is less than 1.5%, nearly all of which has been granted to them by Navistar (in other words by you and me) -- they have no skin in the game. I have a message for the Navistar Board: My comments are not threats, they are demands that I take very seriously in light of my substantial investment, and as should you, in light of your fiduciary obligations.  


  • Carl Icahn Increases Stake in Forest Laboratories

    Carl Icahn added 4.52% to his stake in Forest Laboratories Inc. (FRX) at the average price of $34.68 on Aug. 24, 2012, according to GuruFocus Real Time Picks. He owns 30,133,346 shares. The stock price has changed by 2%.

    Forest Laboratories Inc. and its subsidiaries develop, manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription, as well as non-prescription pharmaceutical products sold over-the-counter. Forest Laboratories Inc. has a market cap of $9.22 billion; its shares were traded at around $34.83 with a P/E ratio of 11.8 and P/S ratio of 2. Forest Laboratories Inc. had an annual average earnings growth of 9.7% over the past 10 years. GuruFocus rated Forest Laboratories Inc. the business predictability rank of 4-star.  


  • Carl Icahn Added 7.44% to His Stake in Forest Laboratories at the Average Price of $34

    Carl Icahn added 7.44% to his stake in Forest Laboratories Inc. (FRX) at the average price of $34.33 on 08/21/2012, as reported in the latest insider filings by Carl Icahn. He owns 28,323,697 shares. Forest Laboratories Inc. and its subsidiaries develop, manufacture and sell both branded and generic forms of ethical drug products which require a physician's prescription, as well as non-prescription pharmaceutical products sold over-the-counter. Forest Laboratories Inc. has a market cap of $9.09 billion; its shares were traded at around $34.66 with a P/E ratio of 11.6 and P/S ratio of 2. Forest Laboratories Inc. had an annual average earnings growth of 9.7% over the past 10 years. GuruFocus rated Forest Laboratories Inc. the business predictability rank of 4-star.

    Several gurus hold positions in FRX. Richard Pzena owns 11,128 shares as of 06/30/2012, an increase of 231.88% from the previous quarter. This position accounts for 0.0045% of the $8.56 billion portfolio of Pzena Investment Management LLC. Joel Greenblatt owns 379,743 shares as of 06/30/2012, which accounts for 0.98% of the $1.36 billion portfolio of Gotham Capital. John Hussman owns 350,000 shares as of 06/30/2012, which accounts for 0.23% of the $5.32 billion portfolio of Hussman Economtrics Advisors.  


  • Carl Icahn Talks His Plan for Forest Labs

    Well-known activist investor Carl Icahn was on CNBC to discuss his plans for Forest Lab (FRX) after he won one seat on their board. Icahn has been locked in a proxy battle with Forest labs to unlock the value as generics attack two kay drugs of Forest Labs

    -- Bittersweet victory for Carl Icahn as he wins one board seat on Forest Lab's board vs. four he was fighting for.  


  • Carl Icahn’s Latest Buys: CHK, CVI, NAV; Sells CMC

    Billionaire activist investor Carl Icahn just reported his Q2 portfolio. His portfolio reveals his 50 million shares of Chesapeake Energy (CHK), which is 8.9% of CHK’s total shares outstanding. Mr. Icahn also added to his existing positions in CVR Energy, Navistar International Corp. As of 06/30/2012, Icahn Capital Management LP owns 17 stocks with a total value of $10.5 billion. Chesapeake Energy stock has lost more than 40% over the past 12 months as investors questioned the corporate governance and the CEO compensation of the company. Carl Icahn was saying that the board of the Chesapeake was “just sitting there.” He has urged for a change with the company and warned that he’s prepared to take immediate action if the company does not respond to his requests. Chesapeake Energy CEO Aubrey McClendon recently bought shares. But as we write before, don’t take that as a sign that the company stock will go up. Chesapeake is now the third largest position for Carl Icahn and the stock has recovered by almost 30% from its lows in May.

    These are the details of the buys and sells of Carl Icahn over the past quarter.  


  • Carl Icahn Turns Over $3 Billion to His Son to Allow Him to Prove His Mettle

    And I thought my dad was a pretty nice guy! Perhaps the corporate raider gene was passed down.

    Carl Icahn agreed to allocate as much as $3 billion to a management duo composed of his son Brett and David Schechter, expanding their role in running the 76- year-old’s investments.  


  • Carl Icahn Buys More Navistar

    Carl Icahn, activist investor of Icahn Enterprises, added 11.12%, or 1,787,388 shares of Navistar International Corp. (NAV) at between $22 and $23 per share on July 11. After the transactions, he owns 9,038,814 shares, or 13.19% of the company.

    Navistar International is a holding company of military vehicle, diesel engine, RV, bus, and other vehicle-related businesses. Icahn initiated a position in the company in the third quarter of 2011 buying 1,765,647 shares at an average price of $44. In the fourth quarter of 2011, he added 5,485,779 shares at an average price of $38.50. In the current second quarter he has been adding shares more aggressively, with four new buys in a little over a month.  


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    User Comments

    Bashe
    ReplyBashe - 8 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 - 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?



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