Carl Icahn

Carl Icahn

Last Update: 2014-07-30

Number of Stocks: 19
Number of New Stocks: 1

Total Value: $32,928 Mil
Q/Q Turnover: 10%

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

Carl Icahn Watch

  • 60 Minutes Profiles Carl Icahn

    Pushing for change at Chesapeake Energy and Herbalife, battling head to head on CNBC with Bill Ackman... Carl Icahn isn't your run-of-the-mill senior citizen.

    At age 76, Carl Icahn is still shaking up corporate boards, criticizing management and demanding board seats. His hedge fund was one of the top performers in 2011 and has a long-term track record of approximately 30% pa. His conglomerate, Icahn Enterprises, invests in rail cars, retail, gaming, energy and automotive. He insists that most public companies around the world are very inefficient and can be improved with the correct strategies. A Princeton drop out, he is now one of the longest standing and most successful corporate take- over artists in the world.  


  • Bill Nygren Commentary on Oakmark Fund, First Quarter 2013

    The Oakmark Fund increased by 10% in the past quarter, bringing the gain for the first half of our fiscal year to 13%. The S&P 500 also increased significantly, up 11% and 10% for the quarter and six months, respectively. Despite these increases, we believe stocks remain moderately undervalued relative to their own history and extremely undervalued versus bonds.

    Our best performing stock in the quarter was Dell, up 42%. Dell is in the midst of a bidding war between a group headed by its CEO, Michael Dell, and groups led by Blackstone and Carl Icahn. We have decided, for now, to maintain our holding as we believe there is a reasonable probability that a higher bid will emerge. A more detailed discussion of our Dell position can be found in the commentary for the Oakmark and Oakmark Select Funds.  


  • Carl Icahn Writes Letter to Transocean Shareholders - Wants A Dividend Increase

    How does Icahn get any sleep? He seems to be publicly active with a new company every week — Herbalife, Chesapeake, Dell (potential acquisition).

    Yesterday he released this letter asking shareholders to support his three proposed directors and the implementation of a much larger dividend. Here is his letter:  


  • A Luddite Consumer Perspective - Icahn’s New Mega Buy, NUAN

    In 1926 Nikola Tesla, scientist, futurist and inventor, stated: "When wireless is perfectly applied the whole earth will be converted into a huge brain, which in fact it is, all things being particles of a real and rhythmic whole." In the 1960s philosopher Marshall McLuhan’s vision of technology in a media-dominated global village was that it translates "our entire lives into the spiritual form of information" and unifies the entire globe and the human family into a single consciousness.

    This week Nuance Communications Inc. (NUAN) and its new “Voice Ads” realized more of what Tesla envisioned and McLuhan predicted as “the intensification of the world community,” which he postulated before cell phones, smartphones, laptops, Facebook or Google. A few days ago, Nuance Communications unveiled “Voice Ads,” as a new mobile advertising format that lets a billion people have two-way conversations with the brands they love. The question is: Do you WANT to have a conversation with a brand? I don’t. I never talk to my shampoo. Ever.  


  • Carl Icahn’s 4 Biggest Dividend Stock Holdings

    Super investors made a great return in the past and they got very rich. Not all started to make money with little stock trading. Some of them made big deals with huge loans. They took the risk and won the game.

    Carl Icahn is such a person. He is an activist with $12 billion market value of his Icahn Capital Management vehicle. Herbalife, Transocean or Dell, Icahn is still named as investor who stirs up the pastry.  


  • Billionaire Carl Icahn: Pitbull At The Gate, Dell (DELL), Herbalife (HLF) And More

    Be sure to check out our detailed stock analysis (click here). It seems everywhere we look, Carl Icahn is nipping at some company's heels, getting ready to bite. He is the ultimate alpha investor. The CBS program "60 Minutes" profiled him in August 2008 and called his effect on a company's share price the “Icahn Lift.” The premise behind this is that Icahn boosts the value of a company's share price for other investors when he buys stock in that particular company (check out all of Icahn's stock picks).

    Icahn started his style of investing in the 1970s and 80s. The press originally called him a “Greenmailer” as companies would just pay him off to go away. In other words they paid a premium for his shares to leave the company alone. In the late 1980s and 90s, Icahn became known as a “Corporate Raider” after he bought entire companies using cash and debt. Today he's known as an “Activist Investor.” But as Icahn told "60 Minutes," he's been doing the same thing all along, which is identify an undervalued company and use his deep pockets to angle for change in the company's strategy and boost the stock price. When Icahn wins, other investors win as well because investors are investing right alongside him. Let's take a look at where Icahn is currently investing.  


  • Ride the Tank Car Boom: American Railcar Industries

    Contributing editor Glenn Rogers is back this week with some thoughts about North America's oil traffic jam and the railroad solution that producers are turning to with greater frequency. Glenn is a successful businessman and entrepreneur who has worked in both Canada and the U.S. and now lives in southern California. Here is his report. Glenn Rogers writes:

    While the U.S. government ponders whether to finally approve the Keystone pipeline, oil companies and refiners have figured out a way to move their products without the benefit of the less expensive and safer pipeline alternative - by rail.  


  • Chesapeake CEO Aubrey McClendon Resigns – What Now?

    After experiencing a roller-coaster of a year in 2012, jam-packed with investigations, falling market value, public scrutiny and company shareholders demanding his ouster, Chesapeake CEO Aubrey McClendon has announced his decision to resign, sending Chesapeake (CHK)’s stock to surge about 11 percent yesterday after the news broke.

    It seems like Chesapeake is well on its way to recovery, with McClendon’s resignation knocking off the first step, taking effect in the beginning of April. Since 2013 started, its stock has risen from $16 to its price today of $20.05.  


  • Carl Icahn Still Bullish on Chesapeake

    It appears that Carl Icahn has helped to shuffle the board of another company. Yesterday, it was revealed that Chief Executive Officer Aubrey McClendon has agreed to retire on April 1.

    However, it is not clear whether Icahn used his activist tactics to remove the beleaguered executive.  


  • Carl Icahn’s Top Growth Stocks

    It is incredibly hard to find a description of Carl Icahn without seeing the words activist, raider, takeover, and of course, billionaire, attached to his name. The aggressive investing Guru has built a legendary reputation disturbing the peace in the management of ailing companies, challenging corporate executives about the way they run businesses and writing ultra-public letters of criticism, all laced together with good intentions.

    As the ultimate contrarian, the Icahn approach doesn’t quite fall completely in line with the methods of the investing messiah himself, Warren Buffett, which often has people underestimating Icahn, explaining why investors do not piggy-back on his moves as fast as they do Buffett’s. But one part about this tidbit that Icahn does surely enjoy: proving people wrong.  


  • Carl Icahn Discloses a Position in Transocean Ltd.

    Global offshore drilling company, Transocean Ltd. (RIG), announced yesterday that activist Guru Carl Icahn has grabbed a 3.26 percent position in the company, according to a Transocean press release on Monday and an SEC filing.

    The company noted that the position consists of 1.56 percent of Transocean’s issued shares, and 1.7 percent worth of a synthetic long position (including options to acquire shares). Icahn additionally seeks approval to potentially obtain voting securities of Transocean in an amount exceeding $682.1 million. Buying this amount would place his stake in the company at about 5 percent.  


  • Carl Icahn’s Commercial Metals Stake Continues to Lose Shine

    It has been about a year since activist investor Carl Icahn dropped his bid for Irving, Texas-based Commercial Metals Co. (CMC). After a proxy contest lasting several months, and the company urging its shareholders to refuse Icahn’s $15 per share tender offer, Commercial Metals can continue to welcome the New Year Icahn-free, as the takeover Guru reported his third stake reduction in the company today.

    Icahn, who once had about 10 percent control of the company, now has 6.17 percent of the company’s outstanding shares. In the third quarter of 2012, he had 6.82 percent outstanding shares.  


  • Carl Icahn the Activist Investor on 60 Minutes

    Carl Icahn the activist investor was on 60 Minutes discussing his investment strategy. This video is a bit old but still provides very good insights into the workings of Icahn — how he goes about looking at the opportunities, fighting boards and management and making profits.

    Here is the video:  


  • Bloomberg's Carl Icahn Spotlight



  • Bloomberg's Take on Carl Icahn's Greenbrier Bids



  • Icahn Takes a Large Step Back from Greenbrier After Company Rejects Second Bid

    Activist investor, Carl Icahn, who was once 9.99 percent owner of railcar maker, Greenbrier Companies Inc. (GBX), has now taken a leap back from its ownership and reduced his stake by 65.9 percent, reported on Dec. 21 according to GuruFocus Real Time Picks. The reduction came after Greenbrier rejected Icahn’s second bid, teaming up with American Railcar (ARII) as Icahn oversaw plans to merge the two companies. (To read about his first bid, go to Carl Icahn Pursues Greenbrier.)

    Icahn, who owns 55.6 percent of American Railcar’s outstanding shares, now holds a measly 924,262 shares of Greenbrier after the reduction, compared to the 2.7 million he originally owned when he first acquired the stock in November. This currently represents 3.41 percent of Greenbrier’s outstanding shares.  


  • Carl Icahn Pursues Greenbrier Again, Gets Denied

    Investor Carl Icahn is at it again with his activist endeavors. This time, a merger bid.

    In a 13D filing to the SEC reported yesterday, Icahn proposed that railcar manufacturer, American Railcar Industries Inc. (ARII), where he owns 55.6 percent of its outstanding shares, would acquire fellow railroad freight manufacturer Greenbrier Companies Inc. (GBX) at a price of $20 per share.  


  • 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.  


  • 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.  


Add Notes, Comments or Ask Questions

User Comments

Bashe
ReplyBashe - 1 month 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 - 7 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 - 8 months ago
Is APPLE missing in this portfolio?



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