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

  • Carl Icahn Discusses Apple After Buying $500 Million More Shares



  • Carl Icahn - Takeover Man (60 Minutes)



  • Apple’s Board Asks Shareholders to Reject Carl Icahn’s Newest Proposal and CEO Tim Cook Drops Shares

    On Dec. 27 Apple’s Board issued a preliminary proxy statement with the Securities & Exchange Commission (SEC) regarding its upcoming shareholder meeting in February. Among the proposals that are to be addressed in this shareholder meeting is Guru, Carl Icahn’s, buyback proposal. The guru, known for his activist investing, is not afraid of getting his hands a little dirty as we saw earlier this year with the Dell (DELL) debacle.


    But in regards to Apple (AAPL), Carl Icahn requested that the company buy back no less than $50 billion of its shares during the fiscal year ending in September. It is this proposal that Apple’s board is trying to deter its other shareholders from voting for.

      


  • Guru Investor of the Year 2013 – Carl Icahn

    GuruFocus readers several weeks ago nominated gurus who in their mind best navigated the unique circumstances of 2013. With 34.7% of total votes cast, they have now picked Carl Icahn as GuruFocus Guru of the Year. The multi-approach investor stole the spotlight this year, launching a number of high-stakes and highly publicized maneuvers. As second, readers ranked Warren Buffett’s two new managers at Berkshire Hathaway (BRK.A)(BRK.B), Todd Combs and Ted Weschler, with 24.2% of votes. Following them are David Tepper (18.6%), Bruce Berkowitz (17.3%) and David Einhorn (5.2%).

    Icahn invests through three vehicles: two hedge funds, Icahn Partners and Icahn Management LP, and a private equity firm, American Real Estate Partners. Over the past decade, he returned on average annually 20%.

    Icahn’s stock portfolio, valued at $24.6 billion, is diversified among a variety of sectors: industrials, energy, consumer capital, technology and health care. He also holds large, activist stakes in several companies, including Nuance Technologies (NUAN), Talisman Energy (TLM), Hologic Inc. (HOLX), Transocean Ltd. (RIG) and Netflix (NFLX).

    In decades past, the investor became known for strong arming companies into making changes. His approach has softened somewhat, though he made his mark on several companies this year that he felt were not serving shareholders to their fullest. In March, he famously attempted (and ultimately failed) to save Dell (DELL) investors from what he believed was a low-ball offer from its founder, Michael Dell, to take the company private. He also for several months ending in November battled (successfully) for Transocean (RIG)’s board to increase its dividend to $3 and reduce its number of board seats.

    Perhaps most notable of Icahn’s escapades this year, in December he pressured Apple (AAPL) CEO Tim Cook to return $50 billion to shareholders in the form of share buybacks. For months this year, he also insisted the company raise its dividend.

    In a stroke of genius on the open market, Icahn joined George Soros early in the year in making a long bet in favor of Herbalife (HLF), just after Bill Ackman made a public short case against the company, imploding its stock. Year to date, Herbalife stock has soared 168%. In August, Icahn told Fox news he ultimately realized a $500 million profit on the position.

    Going forward, Icahn sees an unfavorable environment for stocks. He told Reuters in November: "I am very cautious on equities today. This market could easily have a big drop… Very simplistically put, a lot of the earnings are a mirage. They are not coming because the companies are well run but because of low interest rates."

    However, the outlook for his brand of activism holds more promise, in his view, as he said through Icahn Enterprises in November:

    “Most importantly to current IEP unit holders is that in my opinion there has never been a better time than today for activist investing, if practiced properly. Several factors are responsible for this: 1) extremely low interest rates, which make acquisitions much less costly and therefore much more attractive, and 2) the current awareness by many institutional investors that the prevalence of mediocre top management and non-caring boards at many of America's companies must be dealt with if we are ever going to end high unemployment and be able to compete in world markets. I believe that the greatly increasing need for a catalyst to make acquisitions possible and to make mediocre managements accountable will be of meaningful benefit to IEP in future years. As a corollary, I expect that low interest rates will greatly increase the ability of the companies IEP controls to make judicious, friendly or not so friendly, acquisitions.”

    He also reminded investors, “An investment in IEP stock made at the beginning of 2000 has increased by approximately 1,500%, or an average annual return of 22%, through October 31, 2013.”

     

    See Carl Icahn’s portfolio here.

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  • Apple Explains to Shareholders Why It Is Rejecting Carl Icahn's $50 Billion Buyback Proposal

    PROPOSAL NO. 10


    Shareholder Proposal of a Non-Binding Advisory Resolution Relating to the Company’s Capital Return Program

      


  • It Might Be the Time for Beer

    After a couple of capital increases and what looks like a weak strategy for its growth in different South American countries, Chile's beer king Compania Cervecerias Unidas (CCU) – most commonly knows as CCU - is selling at a steep discount to its peers. In other words, being down by 23% year to date, I think it might be the time to start thinking of buying CCU's shares.


    A Weak Growth Strategy

      


  • Herbalife Spikes on News of Re-Audited Financials - Carl Icahn Says Stock Is Still Undervalued

    Herbalife (HLF) got some good news with the results of its re-audited 2010 to 2012.  


  • Hologic’s Opportunity (Icahn Sees It. Do You?)

    Hologic Inc. (HOLX) is a company that develops, manufactures and supplies medical imaging systems, and diagnostic and surgical products serving the health care needs of women. It has a very strong presence in breast health and diagnosis, the largest of their four market segments GYN surgical and skeletal health being the two other big ones. The firm sells and services its products in an overly competitive market through a combination of direct sales and service forces, and a network of independent distributors and sales representatives.

    Hologic’s sales this year have dropped by 5.4 percent while the firm’s debt remains substantial. So, one question arises: Is it time to sell or time to be patient?  


  • Gurus' Favorite Euro Stocks for Europe's Drop

    Europe saw a steep market drop today. European stocks are down to three-week lows, with declines almost across the board, as 90% of the top 600 stocks are in negative territory, according to CNBC. Weak data precipitated the drop.

    This follows mixed results in November. According to Hedge Fund Research Inc.:  


  • Carl Icahn Is Interested in Health Care Needs of Women

    Let´s start looking at the "big picture." The Health Care Equipment sub-industry will remain strong due to the increasing age of the population. Also, two important factors to consider are the increase in the industry’s clientele, and the ability to manage this new clientele in a more efficient way, with improved technology and better health care equipment. With this promising outlook, let's take a look at Icahn´s last trade and try to explain to investors the reasons of this appealing investment opportunity.

    On Nov. 11, Carl Icahn bought Hologic Inc. (HOLX), a company that develops, manufactures, and markets x-ray systems. It operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health.  


  • Carl Icahn Eyes Next Target with 13% Stake in Hologic

    After shaking up Dell (DELL) and Apple (AAPL) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. (HOLX). Icahn reported today in a 13D activist filing with the SEC that he has taken a 12.63% stake in the company, equal to 34,154,879 shares, costing in aggregate $285.4 million.

    Icahn said he acquired the position because he believed the stock was undervalued. He also intends to initiate discussions with the management about ways to enhance shareholder value, and possibly seek shareholder board seats.  


  • Carl Icahn’s Top Held Stocks

    Carl Icahn had a busy third quarter, highlighted by losing his battle to Michael Dell and fighting for more share buybacks with Apple. The guru made notable moves by selling out of his positions in WebMD, Hain Celestial and Dell and buying in to Apple and Talisman Energy over the past quarter.

    Icahn’s most recent portfolio update includes 18 stocks valued at $24.635 billion. The following five companies represent Icahn’s top five heaviest weighted stocks held in his Icahn Capital Management portfolio.  


  • Carl Icahn Versus James Barrow - Offshore Drilling or E&P?

    Disasters in the oil and gas industry tend to bring additional scrutiny over the industry. For example, after the Exxon Valdez Oil Spill, the U.S. Congress passed the Oil Pollution Act of 1990, excluding single-hull tank vessels from U.S. waters. More recently, following the Deepwater Horizon incident safety regulations and inspections have been subject of tight scrutiny. These two incidents are industry landmarks and helped the public to become aware of the risks associated with environmental damage, and Transocean (RIG) and Occidental Petroleum (OXY) stand at opposite ends of the environmental record according to EPA.

    The Worst May Be Over, but Issues Remain  


  • Icahn Did It Again

    This week, Transocean (RIG) announced an agreement with the Icahn Group, which owns around 6% of the company's shares. This means that Carl Icahn has successfully forced Transocean to take some of the actions the billionaire investor has been claiming for a while. The changes that Icahn forced were mainly three:

    [list type=A]
  • A 33% increase in Transocean's cash dividend up to $3 per share from $2.24 per share (Icahn had been asking for $4 a share).  


  • Why Icahn-Backed Transocean Is Still Attractive for Long-Term Investors

    By Sarfaraz A. Khan and Gohar Yousuf

    The world’s largest offshore drilling contractor and one of the leading drilling management services providers Transocean (RIG) has joined the coveted S&P-500 Index on Monday. The company has replaced the struggling PC manufacturer Dell. This comes just a few days after Transocean announced a five-year contract with Chevron (CVX) to construct a new state-of-the art ultra-deepwater drillship. The delivery of the vessel is expected in the second quarter of 2016. The vessel will require investment of $725 million and will bring $1.1 billion as revenues. The construction of the drillship is expected to begin in fourth quarter of 2014 in Okpo, South Korea, where the company has a long history of operations. It has developed five enterprise-class drill ships at that facility and it currently has six other ultra-deepwater rigs under construction.  


  • Should You Bid for Sothebys's Shares?

    Activists investors have been accumulating Sotheby's (BID) shares in order to influence management on using the company's balance-sheet more efficiently. The answer to owner's claims was somewhat aggressive. Sotheby's adopted a “poison pill” rule that would be triggered if an investor buys more than 10% of the company's shares. Should you buy Sotheby's along Daniel Loeb's Third Point LLC (which is the company's biggest shareholder with a 9.3% stake) and Richard McGuire's Marcato (which owns a 6.7% stake)?

    The Poison Pill Issue and Investors' Demands  


  • Carl Icahn's Letter to Apple CEO Tim Cook



  • Icahn Discusses Going for Apple Buyback



  • Icahn Cashes out Big with Netflix Sell

    The billionaire, activist investor Carl Icahn sold off a huge chunk of his stake in Netflix (NFLX) today as the company released positive third quarter earnings yesterday. The guru made a sell of half of his stake in the online media company.  


  • Icahn Buys 61.5 Million Shares of Talisman Energy

    Yesterday activist investor Carl Icahn reported a large buy into Talisman Energy (TLM), as reported by GuruFocus Real Time Picks. The always vocal investor picked up a total of 61,554,602 shares of the company’s stock. Icahn announced on Monday via Twitter that he had built up a nearly 6% stake in Talisman Energy, representing an approximately $300 million investment.

    The tweet featured below reports that bought approximately 61 million shares and that meetings with the company’s management could be in the near future.  


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    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?



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