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Carl Icahn

Carl Icahn

Icahn Capital Management LP
Last Update: 2013-06-18

Number of Stocks: 19
Number of New Stocks: 4

Total Value: $16,957 Mil
Q/Q Turnover: 10%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:
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Carl Icahn Watch

  • Navistar Strengthens Its Corporate Governance, but Problems Remain

    by GMI Ratings - Oct 12, 2012
    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.”  Continue Reading »


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

    by Dheeraj Grover - Oct 12, 2012
    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.  Continue Reading »


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

    by CanadianValue - Sep 12, 2012
    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.  Continue Reading »


  • Carl Icahn Increases Stake in Forest Laboratories

    by Holly LaFon - Sep 10, 2012
    Carl Icahn - 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.  Continue Reading »


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

    by GuruFocus - Aug 23, 2012
    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.  Continue Reading »


  • Carl Icahn Talks His Plan for Forest Labs

    by Dheeraj Grover - Aug 16, 2012
    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.  Continue Reading »


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

    by GuruFocus - Aug 15, 2012
    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.  Continue Reading »


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

    by CanadianValue - Aug 14, 2012
    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.  Continue Reading »


  • Carl Icahn Buys More Navistar

    by Holly LaFon - Jul 13, 2012
    Carl Icahn - 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.  Continue Reading »


  • Icahn: Forest Labs board like Chesapeake, 'just sitting there'

    by Holly LaFon - Jul 09, 2012
    Billionaire investor Carl Icahn spoke with Bloomberg Television’s Trish Regan and Adam Johnson on “Street Smart” today about Forest Labs and said that CEO Howard Solomon is a “friendly guy,” but that “he says we’d be a disturbance…We would be, to his plans. His plans, I think, are to swing for the fences and get his son in to be CEO. We would obviously stand up against that. I think that’s why he doesn’t want us on the board.”

    Icahn also said that the market is “too high at this point” and stock prices “have gone a bit ahead of themselves.”  Continue Reading »


  • Carl Icahn Perturbed with Forest Labs: Interview

    by Holly LaFon - Jul 02, 2012
    Carl Icahn discusses the angry letter he sent to Forest Labs (FRX) concerning the company's succession plan:

      Continue Reading »


  • Activist Investor Carl Icahn Bought Into Chesapeake Energy

    by GuruFocus - May 25, 2012
    Carl Icahn - Activist Investor Carl Icahn Bought Into Chesapeake Energy Activist billionaire investor Carl Icahn just reported that his funds have bought an aggregate amount of 50 million shares of Chesapeake Energy (CHK), which is about 7.56% of total shares outstanding. Carl Icahn started to buy the shares on April 19 at $18 a share and has added to the positions as the stock prices collapsed to around $14. His last purchase was on yesterday, May 24. His average cost is about $15.7 a share. Today Chesapeake stock closed at $15.99.

    Chesapeake has attracted a lot of attention lately as investors questioned the interest and compensation of its CEO Aubrey McClendon. The company announced the day before yesterday that it has implemented significant changes to the compensation of its CEO and the board of directors, which includes reducing the annual compensation of directors by 20% and reducing the CEO total compensation for 2011 by 15%. The company stock has lost close to 30% year to date. Since its peak in 2008, the stock has lost close to 80%.  Continue Reading »


  • Shareholders Agree to Carl Icahn's Offer to Buy CVR Energy

    by Holly LaFon - May 08, 2012
    Carl Icahn - Shareholders Agree To Carl Icahn's Offer To Buy CVR Energy Carl Icahn’s holding of CVR Energy Inc. (CVI) by 382% after a majority of shareholders agreed to accept his $30-per-share tender offer that valued the company at $2.6 billion, according to GuruFocus Real Time Picks. Icahn now owns 69 percent of the Sugarland, Texas-based refiner and marketer of petroleum fuels and majority owner of CVR Partners LP (UAN), a nitrogen fertilizer producer.

    CVR Energy’s board urged shareholders to reject the offer from Icahn, as it represented an 8.7 percent premium over its closing stock price as of Feb. 15, 2012, the last day before Icahn announced the offer, and 3.9 percent to its highest closing stock price during the six months prior to the announcement of the offer, among other reasons.  Continue Reading »


  • Icahn Continues to Bet on WebMD

    by matsandalex - Apr 12, 2012
    Carl Icahn raised his stake in WebMD (WBMD) to 13.12% from 11.64%. Icahn paid $203.2 million for the additional shares which are up almost 5% on the news.

    Last fall, Icahn purchased a minority stake in WebMD with hopes that he could push for a share buyback around $30 per share. Unfortunately, shares have languished since Icahn made his investment. The company only authorized a $150 million share buyback which is a far cry from the $1 billion that Icahn was pushing for.  Continue Reading »


  • Icahn Sues Amylin, Pushes for Sale

    by Dheeraj Grover - Apr 10, 2012
    Well-known billionaire activist investor Carl Icahn is up for new game. Carl Icahn sued Amylin Pharmaceuticals Inc. to block enforcement of a bylaw that prevents the billionaire investor from launching a proxy fight that could lead to a sale of the maker of diabetes drugs. Icahn, whose 8.94 percent stake has made him Amylin's third-largest shareholder, faulted the company for failing to reveal its rejection of a $3.5 billion unsolicited takeover bid, or $22 per share, from Bristol-Myers Squibb Co. (BMY).

    In a complaint filed in Delaware Chancery Court, Icahn urged that Amylin not be allowed to enforce a bylaw requiring shareholders to provide advance notice of board candidates.  Continue Reading »


  • Carl Icahn Is Not Interested in RIMM

    by Dheeraj Grover - Apr 04, 2012
    Carl Icahn, Icahn Enterprises chairman, discusses his tender offer for CVR Energy (CVI), and now holds 69% of the company's shares. Icahn also weighs in on whether Amylin Pharma (AMLN) should be sold, and reveals his thoughts on Research-In-Motion (RIMM), with the Fast Money traders.

    Here is the video:  Continue Reading »


  • Carl Icahn Comments about Leaving $345 Million on the Table by Selling Lionsgate

    by CanadianValue - Mar 27, 2012
    Corporate raider Icahn had the following comments:

    - Sold Lionsgate (LGF) and the stock doubled.  Continue Reading »


  • Carl Icahn Sends Open Letter to Shareholders of Oshkosh Corporation:

    by gurufocus - Jan 06, 2012
    Carl Icahn today issued the following open letter to shareholders of Oshkosh Corporation:

    Dear Fellow Oshkosh Shareholders,  Continue Reading »


  • Carl Icahn Gets Hostile with Commercial Metals (CMC)

    by CanadianValue - Dec 06, 2011
    Carl tried to do it the reasonably friendly way:

    http://www.gurufocus.com/news/154886/commercial-metals-cmc-rejects-with-explanation-takeover-offer-from-carl-icahn--  Continue Reading »


  • Icahn Sets Deadline for Commercial Metals Company (CMC)

    by gurufocus - Dec 06, 2011
    Carl Icahn submitted a bid for Commercial Metals Company (CMC) last week that prompted an odd response from the company. Icahn sent a follow-up letter that was vintage Icahn. It seems management continued to ignore him, so late last week he sent a further letter to the company demanding action by yesterday at 9 a.m. Icahn’s letter:
    [quote]CARL C. ICAHN  Continue Reading »


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