Carl Icahn

Carl Icahn

Last Update: 08-15-2016

Number of Stocks: 21
Number of New Stocks: 1

Total Value: $20,276 Mil
Q/Q Turnover: 7%

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

Carl Icahn Watch

  • 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 (NASDAQ:DELL) debacle.


    But in regards to Apple (NASDAQ: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 (NYSE:BRK.A)(NYSE: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 (NYSE:TLM), Hologic Inc. (NASDAQ:HOLX), Transocean Ltd. (NYSE:RIG) and Netflix (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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

      


  • Herbalife: Is Bill Ackman Right or Wrong?

    It's tough to be sure whether Bill Ackman, the Pershing Square founder and a savvy investor, is right or wrong about his Herbalife (NYSE:HLF) short position. After all, the stock is up by more than 130% year-to-date and Ackman is losing well over $500 million. In addition, other great investors such as George Soros and Carl Icahn have made fortunes by betting on the company's shares. That said, it's tough to deny the company has been defending itself in dubious manners against the investor's tough accusations.


    Tough Accusations

      


  • The Cash Return Boom

    With interest rates still at record lows (borrowing money is still very cheap), the U..S economy healing fast and activist investors such as Daniel Loeb and Carl Icahn more active than ever, companies are returning cash at a steady pace. According to the Wall Street Journal, “Combined stock buybacks and cash dividends totaled $207 billion in the three months ended Sept. 30, which also marked the highest level since the fourth quarter of 2007.” Let's take a look at two companies that are among those large capitalization players that should keep increasing their cash returns to shareholders.


      


  • 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 (NYSE: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 (NYSE: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. (NASDAQ: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?  


  • Five-Year lows: Frank’s International NV, Eldorado Gold Corp, TransAlta Corporation, CVR Refining LP

    According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: Frank’s International NV, Eldorado Gold Corp., TransAlta Corporation and CVR Refining LP.

    Frank's International NV (NYSE:FI) Reached the Five-Year Low of $26.39  


  • Apple: Supporting Carl Icahn

    A few months ago, Carl Icahn, who is one of Apple's (NASDAQ:AAPL) largest shareholders, asked for a $150 billion share buyback. Icahn agreed with another successful activist investor, David Einhorn, who also believed that through a $150 billion buyback Apple's shares could soar by a third. That said, the former corporate rider now seems to be satisfied with a much more humble $50 billion buyback. What has happened?

    A Master Negotiator  


  • Nominate Guru of the Year 2013

    A year of momentous events and generally upbeat market is winding down. Therefore, it’s time to look back at which money manager stood out the most and name them Guru of the Year 2013.

    Last year, the Fairholme Fund’s Bruce Berkowitz won the title with 46.7% of the votes, followed by David Tepper and Prem Watsa. Berkowitz garnered much notice last year as his fund returned from a 32.43% decline in 2011 to a 36.8% gain in 2012, when the troubled banks he bet too early on began to turn around.  


  • New Guru Stock Adds - Icahn and Nuance, Gabelli and Layne Christensen

    Carl Icahn made his second purchase of Nuance Communications (NASDAQ:NUAN) in the fourth quarter, boosting his holding by 1,376,600 shares to 60,310,323 shares on Dec. 6 to Dec. 10, according to GuruFocus Real Time Picks. This expands his ownership stake in the company from 18.99% to 19.06%.

    Corporate activist Carl Icahn has shown acute interest in Nuance Communications this year. He started a position with the company in the first quarter, buying just under 4 million shares when the price averaged $21. He then aggressively added to the position in the second and third quarters, buying more than 27 million shares and 20 million shares when the price averaged $20 and $19, respectively.  


  • On Following Great Investors

    According to the press, some great activist investors such as Carl Icahn and Daniel Loeb are now selling their stakes in different companies. As a matter of fact, last week, Icahn and Keith Meister, from Corvex Management, sold their stakes at Take-Two Interactive Software (NASDAQ:TTWO) and ADT Corporation (NYSE:ADT), respectively. Meanwhile Loeb liquidated his huge position in Yahoo (NASDAQ:YHOO) earlier this year. Should you always follow great investor’s moves?

    Follow Process Not Trades   


  • Billionaire Buzz on Three Tech Stocks

    Nuance Communications Inc. is creating a buzz with voice recognition and language-smart technologies that can enhance productivity across a number of industries. The company reported financial results for its fourth quarter of fiscal 2013, ended Sept. 30, 2013, with revenue of $472.2 million (GAAP), up from $468.8 million in the same quarter of fiscal 2012. Also in the fourth quarter of fiscal 2013, the company reported a net loss of ($32.3) million (GAAP), translating as a loss of ($0.10) per share. In the same quarter a year ago, Nuance’s net income was $117.6 million, with earnings of $0.36 per diluted share. The company reported $93.5 million cash flow from operations in the reporting quarter, compared to cash flow a year ago at $141.5 million.

    Here’s an update on NUAN, championed by Guru Carl Icahn, and two more technology stocks creating a billionaire buzz.  


  • Guinness Peat - Value Contest

    Guinness Peat Group (GPG) dominates its industry, is managed in the interest of shareholders, is financially strong and most importantly, it can be bought at a huge discount to its fair value.

    I - Business and History
      


  • Two Seats and a 3.3% Icahn Effect – Should We Buy Talisman Energy?

    The oil and gas industry is highly competitive, and this could adversely affect companies’ profitability, as well as their ability to grow and manage their businesses. Companies have implemented strategies like expanding in international markets, redirecting capex toward rich projects and asset divestitures for growing. Let's take a look at Icahn´s last trade and try to explain to investors the reasons of this investment in this complex environment.

    On Dec. 2, Carl Icahn bought Talisman Energy Inc. (NYSE:TLM), a company that engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids, mainly in North America, the North Sea and Southeast Asia.  


  • Nuance Seems to Be Icahn's Most Innovative Company

    On Dec. 4, Carl Icahn added Nuance Communications Inc. (NASDAQ:NUAN) for the sixth time in the last five months. Nuance provides speech, imaging and keypad solutions for businesses, organizations and consumers worldwide. Let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity.

    Next-Generation Dragon Drive  


  • 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.:  


  • Head-to-Head: Jean-Marie Eveillard and Carl Icahn

    The oil & gas industry is looked upon consistently for long-term investment. Most importantly, successful stories can turn into nightmares very quickly due to the industry’s volatility. Here, I will look at one success story, Chesapeake Energy (NYSE:CHK), and another not so fortunate company, Devon Energy (NYSE:DVN).

    Falling piece by piece  


  • The Most Bought Guru Stocks of Q3

    Now that all investors GuruFocus tracks have reported their third quarter portfolios, data on their buying and selling trends is available. Though the investors are independent thinkers, many seek similar characteristics in a stock, and thus some will agree on the attractiveness of certain securities during a given quarter. This quarter, the stocks with the highest consensus guru buying were: Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), Apple (NASDAQ:AAPL) and Exxon (NYSE:XOM).

    The Stocks  


  • Debacle Between Hedge Fund Titans on Herbalife Is Getting Ludicrous

    Bill Ackman just appeared on Bloomberg TV on his short position of Herbalife. Head over here for the full interview. Also, take a vote on Ackman's short trade here.

    Here are the 7 hallmarks of a pyramid scheme from the SEC (Ackman says it exhibits all 7):  


  • 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. (NASDAQ: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 (NASDAQ:DELL) and Apple (NASDAQ:AAPL) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. (NASDAQ: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.  


  • Guru Investors Divide Over Apple in Q3

    Apple was a boon to many portfolios over its rally from 2009 through Sept. 2012, when the stock climbed from under $100 to peak at over $700 per share. This year, as it fell to an average of $464 in the third quarter, competition increased and the question of innovation after the loss of its luminary Steve Jobs continued, noted investors voiced varying opinions about the company’s valuation and prospects, and bought and sold shares accordingly.

    David Einhorn  


  • 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 (NYSE:RIG) and Occidental Petroleum (NYSE: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 (NYSE: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).  


  • Hey Carl - Follow Warren's Example to Convince Apple You'll Be Here Long Term

    Carl Icahn is certainly enjoying his time in the spotlight – and between CNBC and Twitter that spotlight never seems to go away. Recently, Carl has been in the news for his stake in Apple (AAPL). He recently sent a letter to CEO Tim Cook – here’s a reprint:

    Dear Tim:
      


  • 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 (NYSE: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 (NYSE: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.  


  • What the Gurus Sold this Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days.

    This week we saw the most notable transactions coming in the form of sells from Carl Icahn, Jeff Ubben and Chase Coleman. We also saw portfolio dates from the Tweedy Browne Global Value, Ken Fisher and Scott Black.  


  • Should You Bid for Sothebys's Shares?

    Activists investors have been accumulating Sotheby's (NYSE: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



  • Two Investing Gurus on 'Brilliance' of Icahn's Apple Share Buyback Quest

    John Buckingham, AFAM, and David Rolfe, Wedgewood Partners, discuss Carl Icahn's quest for a big share buyback at Apple (NASDAQ:AAPL).

      


  • 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.  


  • Four Technology Picks in Review

    Billionaire investors made some innovative technology picks in the third quarter. Highlighted here are three software companies and Volterra Semiconductor Corp. (NASDAQ:VLTR), a semiconductor business that makes voltage regulators.

    These four technology companies are held by guru stakeholders as of the third quarter of 2013:   


  • Third Quarter Roundup - Three Gurus Reduce Three - AN, WBMD, RHP

    Third quarter reduction activity looks light so far in the ongoing portfolio research.

    Here’s a roundup review of three gurus, Edward Lampert of ESL Investments, Carl Icahn of Icahn Capital Management LP and Columbia Wanger Asset Management, all of whom reduced one company as of Sept. 30, 2013.  


  • 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.  


  • Carl Icahn Speaks to Tim Cook Re Buyback Again

    In an interview with CNBC, Carl Icahn discusses his chat with Tim Cook regarding an Apple (NASDAQ:AAPL) stock buyback. "The board is not appointed by God," Icahn says.

      

  • What the Gurus Bought this Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. We saw notable real time activity from Mario Gabelli, Carl Icahn and George Soros.

    Mario Gabelli
      


  • Carl Icahn Thinks Corporate Boardrooms Are Broken

    Legendary corporate raider Carl Icahn thinks corporate boardrooms are dysfunctional and it hurts the American economy.

    Icahn thinks it is ridiculous how hard it is for shareholders to kick out useless board members.  


  • Icahn and Insiders Sell WebMD

    As reported by GuruFocus Real Time Picks yesterday, Carl Icahn cut his position in WebMD (WBMD) by nearly 20%. Despite his sell, Icahn still remains the largest guru shareholder of WebMD stock.

    On Sept. 17 Icahn reduced his holdings in WebMD by 17.51% by selling a total of 1,173,092 shares of the company’s stock. He sold these shares at an average price of $31.23 per share, bringing in over $36.6 million as a result of this transaction.  


  • 3 Top Dividend Stocks That Bruce Berkowitz Buys and His Latest 9 Transactions

    Bruce Berkowitz is a well-known guru investor. He is a hedge fund manager who cares about $7.69 billion in his asset management vehicle Fairholme Capital Management.

    Within the recent quarter, Bruce made nine asset transactions of which six pay dividends. Four of the stock moves are attributable to the long side and five are on the short side.  


  • A Reviving Gulf Brings Drilling Opportunities

    Back in 2010, the Gulf of Mexico and BP PLC ADR (BP) made the news as the Macondo prospect gave proof of the difficulties associated with deep-water drilling. Since then, the region became associated with exhausted opportunities in the eyes of the oil and gas industry. Recent developments, however, seem to bring new life to the region as the BAHA project discovers oil-rich sands. The newly found reserves are said to be worth around $1.5 trillion. Can Seadrill (NYSE:SDRL) or Transoncean (NYSE:RIG) rip any benefits?

    Meeting Safety Standards and Pushing the Bar  


  • Carl Icahn Buys More Apple as It Falls 5% - Calls It a No-Brainer

    It must be nice to have a few billion to play with in the stock market. Icahn has that much and more.  


  • Icahn Talks About Dell Some More on Bloomberg



  • Carl Icahn Discusses Ditching Dell Fight



  • Five Newest Dividend Equity Acquisitions from Carl Icahn and His Entire Trading Account Overview

    Some of you might have heard about Carl Icahn, the Jewish investor. Icahn manages around $21.5 billion in his asset management vehicle Icahn Capital Management.

    Within the past, Icahn had proved a very good taste in investing. With only 19 shares, he is also a much undiversified guy and focused on stocks he really knows. In the past I’ve described his latest first quarter stock purchases.  


  • Two Software Companies That Still Offer Upside

    Although growth for the software –and general IT- industry is expected to be slow during 2013, some companies still seem to offer long-term upside potential. As promised in a previous article, today I will look into Micros Systems (NASDAQ:MCRS) as an option to Carl Icahn’s latest pick in the software industry, Nuance Communications (NASDAQ:NUAN). In addition, I will briefly analyze Salesforce.com (NYSE:CRM)'s prospects in order to elucidate if it stands as an even better investment option.

    Low Profile, Yet Everywhere  


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