Carl Icahn

Carl Icahn

Last Update: 11-23-2015

Number of Stocks: 24
Number of New Stocks: 2

Total Value: $27,876 Mil
Q/Q Turnover: 9%

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

Carl Icahn Watch

  • 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 (NASDAQ: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.


  • Buy Manitowoc Cheaper Than Carl Icahn Did

    The Manitowoc Company (NYSE:MTW) is one of the recent activist target of legendary hedge fund manager Carl Icahn (Trades, Portfolio). Icahn initiated a position in the stock in Q4 2014 by buying 4,492,631 shares at an average price of $20.03. He added 6,090,029 more shares to his portfolio at an average price of $20.69 in Q1 2015. The following chart shows his holding history in the company.


  • Manitowoc: Buy Into The Weakness

    Manitowoc Company (NYSE:MTW) recently reported weak 1QFY2015 results, with issues like reduced CapEx spending by large restaurant chains and underperformance of KitchenCare business hurting the company's Foodservice equipment business. Management also lowered its guidance for Foodservice equipment business. The company is now expecting flat year-over-year revenues versus earlier expecations of mid single digit revenue growth. However, I believe investors should look beyond the current weakness and buy the company's shares as Manitowoc remains on track to separate its Cranes and Foodservice businesses which will act as a catalyst for the stock.

    In a recent report, Credit Suisse analysts maintained their outperform rating on the stock. Commenting on the results they said,


  • Carl Icahn: New Interview

    Legendary Activist investor Carl Ichan of Icahn Enterrpises (IEP) did a new interview with Wall Street Week. During the 28 min. interview Icahn talked about his investments, his childhood, how he is hedging for a market correction and his activist investing. During the interview he also talked about Apple (NASDAQ:AAPL) and President Obama. The interview is very do and the best part is when Carl Icahn (Trades, Portfolio) talks about how he its hedging the market.


  • Activist Investing Legend Carl Icahn Reveals How He Is Hedging Stock Market Exposure Today

    For sheer entertainment value, there aren't many billionaire investors more interesting to follow than the original corporate raider Carl Icahn (Trades, Portfolio).

    In the video below, Icahn reflects on his childhood, his start to investing, and how he is hedging stock market exposure today.


  • 7 High-Conviction Stock Picks Held By The Masters of the Universe

    People love heroes. We instinctively look up to professional athletes, rock stars, and — against our better judgment — even politicians at times.

    The world of investments is no different. We mortals fawn over billionaire hedge fund managers as if they truly were the masters of the universe. Frankly, given the returns that some of these gentlemen generate, I’m not so sure they don’t deserve it.


  • Analyzing Joel Greenblatt's Holdings

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The Little Book that Beats the Marketir?t=gurufocuscom-20&l=ur2&o=1. He is also an adjunct professor with Columbia Business School.

    Greenblatt tries to find cheap and good companies. He looks for value with a catalyst. Greenblatt likes special situations and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principles in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. According to the latest disclosure, he was holding 1,797,124 shares of The Manitowoc Company, Inc. (MTW).


  • Thoughts on Portfolio Concentration And Position Weightings

    Recently, fellow GuruFocus contributor Canadian Value posted the transcript from Stanley Druckenmiller’s speech to the Lost Tree Club from earlier in the year (link).

    Let’s start with why you should care what he has to say: According to Sam Reeves, who introduced the speaker, Mr. Druckenmiller generated after tax returns for his shareholders of nearly 21% per annum over his 30 years managing outside funds (through 2010); at that rate, each $1,000 managed by Mr. Druckenmiller at Duquesne Capital was worth roughly $300,000 three decades later (fees aren’t mentioned in the transcript). And for the kicker, Mr. Druckenmiller never reported a down year over that period.


  • Exxon Mobil, Apple and Wells Fargo Are CrestPoint Capital Management’s Top Q1 Holdings

    CrestPoint Capital Management is a professional money management firm that specializes in the management of common stock portfolios. It disclosed an equity portfolio valued at around $192.36 million as of March 2015, representing a 4.4% increase from the previous quarter. The equity portfolio is mainly invested in Technology (17%), Finance (16%), and Consumer Discretionary (14%) stocks.

    The three largest holdings are represented by large-cap companies. These companies are Exxon Mobil Corporation (NYSE:XOM), Apple Inc. (AAPL) and Wells Fargo & Company (NYSE:WFC).


  • Risk and Reward in Carl Icahn's Bargain Stock Transocean

    I like Carl Icahn (Trades, Portfolio). I like him more than Warren Buffett even, because I don’t think he’s trying hard to impress you. And, let’s face it, he’s been an investor his whole life with no underlying profit generator to fall back on. Every decision he makes is binary - win or lose - and he’s been on the right side most of the time. That’s why he's worth $22 billion.

    A bargain stock that Carl has been interested in for a while is Transocean (NYSE:RIG).


  • Time To Call In The Shorts On Lumber Liquidators

    Here’s an interesting company that some consider the Walmart of flooring, selling really low quality (and cheap) hardwood floors. The company has a network of around 318 Lumber Liquidators stores located throughout the United States and Canada.


  • A Look at Which Stocks Carl Icahn Continues to Buy

    Carl Icahn (Trades, Portfolio) made a name for himself as the vulture capitalist in the 1980's because he took positions in public corporations and demanded an initial makeover in management and corporate leadership.

    Now, he is known as a shareholder activist and is known for causing shareholder prices to increase when he begins to purchase shares of a company. This has been dubbed the "Icahn lift."


  • What to Expect From Apple's Dividend Hike?

    A recent article published by CNBC discussed the excess cash Apple Inc. (NASDAQ:AAPL) has in the balance sheet and predicted the next dividend hike.

    Several opinions


  • Carl Icahn Increases Two of His Largest Stakes

    In the closing days of March, guru Carl Icahn (Trades, Portfolio) shored up two of his largest stakes. One, in fact – Federal-Mogul Holdings Corp (NASDAQ:FDML) – is the largest in his portfolio.

    On March 26, Icahn purchased more than 17 million shares of Federal-Mogul Holdings, a Michigan-based manufacturer and supplier of powertrain (the components that generate power) elements and safety products for vehicles, for an average price of $12.88 per share.


  • Insiders New Buys: CHK and COCP

    The All-In-One Guru Screener,can be used to find the most insider buys over the past week by clicking on the Insiders tab and changing the settings for All Insider Buying to "1,000,000+ shares at $5,000,000" and Duration to "over the past 14 days."

    Over the last 7 days, the most bought companies are Chesapeake Energy Corp (CHK) and Cocrystal Pharma Inc (COCP).


  • Carl Icahn Increases Stake in a Small Cap Which Has Experienced a Steep Decline in EPS

    Undoubtedly Carl Icahn is one of the best investors in the world and one of my favorite hedge fund gurus. He founded Icahn Capital LP, which had $31.89 billion under management at Dec. 31, 2014. The investor reported increasing his stake in Federal-Mogul Holdings Corporation (NASDAQ:FDML), a $2.01 billion market cap, according to GuruFocus Real Time Picks.

    Icahn's move


  • Carl Icahn Increases Stake in One of the Worst Year-to-Date Performers of the S&P 500

    Undoubtedly Carl Icahn (Trades, Portfolio) is one of the best investors in the world. He founded Icahn Capital LP, which had $31.89 billion under management at Dec. 31, 2014. The investor reported increasing his stake in Chesapeake Energy Corporation (NYSE:CHK), a $9.33 billion market cap, according to GuruFocus Real Time Picks.

    The filing


  • Carl Icahn Increases Stake in Struggling Chesapeake Energy Corp.

    Carl Icahn, billionaire activist investor, increased his stake in Chesapeake Energy Corp. (CHK) for the first time in two years. The natural gas and oil company has been struggling due to falling oil prices, and many investors have turned bearish on the stock.

    On March 11, Icahn purchased 6.6 million shares of CHK for $14.15 between High River LP, Icahn Partners LP and Icahn Partners Master Fund LP. This transaction increases Icahn’s stake in the energy company from just shy of 10% to 11%. He is the second-largest shareholder with 73.1 million shares behind Southeastern Asset Management Inc. with 76 million shares. The transactions were filed with SEC on March 23.


  • Should You follow Carl Icahn and Larry Robbins and Buy Manitowoc?

    Larry Robbins (Trades, Portfolio) of Glenview Capital Management has recently initiated a long position in Manitowoc (NYSE:MTW) by buying over 8.6 mn shares of the company. Last quarter, another noted investor Carl Icahn (Trades, Portfolio) bought Manitowoc's shares with intention to force management to spin-off the company's Food Service equipment business. Icahn also added more shares to his position in January and currently holds 10,582,660 shares of Manitowoc.

    The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer operating in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). The company's Crane segment is recognized as one of the world’s leading providers of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. It accounts for ~62% of the company's top line. Manitowoc's Foodservice segment is one of the world’s leading innovators and manufacturers of commercial food-service equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. It accounts for ~38% of the company's revenues.


  • Bill Ackman: Carl Icahn Is Stuck with Herbalife

    Pershing Capital Management Founder and CEO Bill Ackman (Trades, Portfolio) spoke with FOX Business Network’s (FBN) Deirdre Bolton regarding the recent report that federal prosecutors and the Federal Bureau of Investigation (FBI) are probing potential market manipulation of Herbalife. On whether Herbalife can clean up their act, Ackman said, “there is no future for Herbalife as a legal company,” and, “I have a lot of confidence in the Department of Justice.” Ackman goes on to say, “we are totally open to full and fair look into details,” and that the senior management at Herbalife “knows they are running a pyramid scheme.” On Carl Icahn (Trades, Portfolio)’s relationship with Herbalife Ackman said, “I think Carl Icahn (Trades, Portfolio) at this point is actually stuck,” and, “If Carl wanted to sell the shares he’d have to get off the board.” On the direction of the investigation Ackman said, “I don’t think we will be here two years from now,” and, “either the business will have imploded or the government will have shut it down.” In regards to the average retailer Ackman said, “I get an enormous number of thank you notes, emails from your average retail investor who have followed us.”

    Video Links:   

  • A Look at Carl Icahn's Investment in Navistar

    Billionaire investor Carl Icahn (Trades, Portfolio) is known for his activist campaigns. Navistar (NYSE:NAV) is one of his activist targets. He started building a position in the company in late 2011 and has been slowly increasing his stake. Last quarter, he purchased 1.94 million shares of the company. He currently holds 16.27 million shares of Navistar. Here's a look at the company's business in detail.

    Business Overview


  • Navistar Might Be Worth Watching For Investors

    There are some fairly pervasive concerns for investors in 2015. China has been slowing so the effects and extent of government stimulus are being scrutinized. There is also difficulty in Europe, which has recently launched its own version of quantitative easing. Further, the United States dollar has been rapidly strengthening against virtually all other currencies making the products of the biggest companies more expensive to their consumers. With all these things in mind, success could potentially be found in a corporation with little exposure to the specified issues.

    Meanwhile, the domestic economy is doing well by several measures. We have improving employment data and a net benefit from lower fuel prices. A widely quoted survey from the National Association of Business Economics forecasts 3.1% economic expansion in 2015, literally powering the rest of the world. Also, while there has been an ongoing expectation of an interest rate hike from the Federal Reserve, any such action appears to have been delayed. Hence there is reason to believe that some cyclical businesses are poised to do well.


  • A Look at Carl Icahn's investment in Manitowoc

    Billionaire investor Carl Icahn (Trades, Portfolio) is known for his activist campaigns. Last quarter, he bought Manitowoc's (NYSE:MTW) shares with intention to force management to spin-off the company's Food Service equipment business. He also added more shares to his position in January and currently holds 10,582,660 shares of Manitowoc. The company recently agreed to his demand to split the company. Here's a look at the company's business in detail.

    Business overview


  • Carl Icahn Raises Stakes in HTZ, IEP and New Buy MTW

    Carl Icahn (Trades, Portfolio) of Icahn Capital Management LP recently increased his stakes in three positions, while also adding a new position to his portfolio of 27 stocks, valued at $31.89 billion and a quarter over quarter turnover rate of 2%.

    Here's a look at his latest additions:


  • Herbalife's Faceoff Against Financial Market Coup

    Globally known MLM based healthcare product maker Herbalife (NYSE:HLF) has some major players in finance betting against the company due to its controversial practices. Ever since the US dollar had been gaining in strength since November 2014 versus other major currencies, and also the news of pending probes against the company coming to light, the stock seems to be going downhill. After Herbalife had posted its below-expected earning of Q3 2014, analysts like Timothy Ramey of Pivotal Research Group, has come down heavily to cut down on estimates of the stock price, from $110 to $75. The EPS estimates have been cropped as well, going from $1.34 to $1.22, alongside the 2015 full-year estimates, going down from $5.50 to $5.00. The net income from Q3 2014 went down by as much as 92%, owing to the pre-tax charges it faces from the reassessment of audit of assets and liabilities in the Venezuelan Bolivar. In short, there are problems all around.


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User Comments

ReplyRahmi23 - 3 days ago
good job Mr
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ReplyDrKrullebol - 1 month ago
This article also tells us half the story, in fact the half everybody who subscribes to GuruFocus already can find out by themselves.

The other, and much more interesting half is how he hedged his positions in these companies! Please elaborate!
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?
ReplyRobertbradf@google - 1 year ago
Icahn is known for acquiring large stakes in companies with the intent of changing their corporate strategies.
ReplyTnguye48 - 2 years ago
Is APPLE missing in this portfolio?

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