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

  • David Einhorn Buys Apple, Dillards and Sells Micron Technologies, Michael Kors

    David Einhorn (Trades, Portfolio) is president of Greenlight Capital, a value-oriented investment advisor. He manages a portfolio composed of 42 stocks with a total value of $6.032 billion and his largest trade in the third quarter involved Apple Inc. (NASDAQ:AAPL) with a huge impact of 7.03%.

    Einhorn raised his stake in Apple by 52.08% with an impact of 7.03% on his portfolio.


  • Icahn Taking a 7.1% Stake in Xerox

    Xerox (NYSE:XRX) is dealing with a shrinking top line as printers and copiers are not as popular as they once were. It posted its first annual loss in five years. The century-old company got the attention of activist investor and guru Carl Icahn (Trades, Portfolio). Icahn has taken a 7.1% stake in Xerox and is looking to acquire board seats. Xerox jumped on the news although it is having a terrible year.


  • David Einhorn's Top 5 Positions

    Greenlight Capital, run by guru David Einhorn (Trades, Portfolio), does not require much of an introduction.

    Over the history of Greenlight Capital the firm has compounded its assets under management at something near a 20% per year rate. Einhorn manages this while running a concentrated long/short portfolio. His long portfolio is about $6 billion large. His short portfolio is only about one-third smaller so he is net about 33% long.


  • Carl Icahn Turns Up Pressure on AIG, May Propose New Leadership

    New York, New York, November 23, 2015 – Today Carl C. Icahn released the following statement regarding American International Group, Inc. (NYSE: AIG):

    On October 28, 2015, as one of AIG’s largest shareholders (we currently own over 42 million shares), we wrote a public letter to the CEO of AIG (NYSE:AIG) suggesting that the company is “Too Big To Succeed” and should accelerate cost cutting and separate into three public companies to shrink below the threshold for systemically important financial institutions. Since we released that letter, many large institutional shareholders and analysts have contacted us and expressed their support for our views. We have also met and had a number of conversations with AIG CEO Peter Hancock, and he has invited us to continue having conversations. However, despite that invitation, in all of our discussions with Mr. Hancock it was abundantly clear to us that he is not willing to take the bold steps that we, and so many other shareholders, believe are long overdue. In addition, in those conversations he failed to lay out any alternative strategic plan with the potential to unlock value for shareholders or to provide compelling reasons as to why these businesses belong together.


  • What Are the Hedge Fund Masters of the Universe Buying?

    Investing is one of those rare disciplines in which it really doesn’t pay to be original. This ismoney, not literature, and they don’t award Pulitzer Prizes for original work.

    You don’t want to mindlessly follow the herd, of course. That rarely ends well. Before you copy the trading moves of another investor, you need to do a little homework of your own, and you should always maintain an independent, skeptical mind when putting your capital at risk. But you don’t get bonus points for coming up with an original trade. Returns are returns, regardless of whose idea the trade was, so there is really no sense in reinventing the wheel.


  • Why ValueAct Capital Is Buying Towers Watson

    ValueAct is led by guru Jeff Ubben (Trades, Portfolio) and acquires large stakes in companies to gain board seats and influence management. The firm tends to take a constructive and cooperative approach instead of the more confrontational style exemplified by Carl Icahn. Just like other activists it does try to find companies that have performed poorly with fixable problems.

    It can be interesting to buy into the companies they target when they are just getting on board because you may be able to profit from their campaign for change. Its latest target is Towers Watson & Co. (NASDAQ:TW). It is a professional services company that helps organizations with risk and financial management, offers solutions to manage employee benefits, talent management, rewards, risk and capital management and health care exchanges for retirees and active employees. Clients include 92% of Fortune 500 companies and 84% of the Fortune 1000. Towers Watson also advises insurance companies.


  • David Rolfe Buys Stake in Newly Trading Kraft Heinz, PayPal

    During the third quarter, David Rolfe (Trades, Portfolio) of Wedgewood Partners initiated two new holdings in companies with recent IPOs and sold an oil and gas-related stock, according to data reported by GuruFocus Real Time Picks.

    The fund declined 7.38% during the quarter, compared to the Standard & Poor's 500 and Russell 1000 Growth Index, which declined 6.44% and 5.29%. In the third quarter commentary, Rolfe and the fund reiterated its commitment to three energy holdings that have been held for the past 15 years: Core Labs (NYSE:CLB), National Oilwell Varco (NYSE:NOV) and Schlumberger (NYSE:SLB).


  • Chris Davis' Stocks Trading Below the Peter Lynch Value

    Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund, an independent, employee-owned investment management firm founded in 1969. Davis Advisors manages more than $60 billion across several different asset classes.

    Here are the stocks in his portfolio that are trading below the Peter Lynch value.


  • Coke in the Crosshairs: Bill Ackman’s Next Target?

    Bill Ackman is known for having something of a nasty temper – and not responding well to criticism. His brawl with fellow hedgie Carl Icahn on live TV two years ago over Herbalife (HLF) might be the most high-profile fight among financiers in history.

    Well, now Ackman is trading barbs with another long-term legend of the industry, Warren Buffett’s Berkshire Hathaway (BRK.A) partner Charlie Munger (Trades, Portfolio), over their respective positions in Valeant Pharmaceuticals (VRX) and Coca-Cola (KO).


  • Why Icahn and Others Still Own Apple

    Numerous top tier investors continue to hold Apple Inc. (NASDAQ:AAPL) shares including Carl Icahn (Trades, Portfolio), David Einhorn (Trades, Portfolio), Bill Nygren (Trades, Portfolio), and David Tepper (Trades, Portfolio). With the shares trading at what I believe is a low valuation, I thought I would review some of the risks and reasons to own Apple.



  • Insiders Buy Cheniere Energy, Sell Travelport, Sabre

    The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015."

    According to the above filters, the following are the recent buys from company insiders in the past week.


  • Using Your Instincts When Making Investments in Life

    I have had the luxury to travel across the world and live in countries such as the United States, Canada and the Philippines. Along the way I have come to many crossroads where I have had to make critical decisions about my life.

    I have played poker for more than 10 years and most recently I have learned that many billionaires such as Bill Gates (Trades, Portfolio), Carl Icahn (Trades, Portfolio), and legendary oil tycoon H.L Hunt all started out playing poker. Poker is a great way to develop your instincts in life, and that connects with investments.


  • Carl Icahn on Tax Policy, Corporate Inversions, Apple, Pfizer

    Carl Icahn (Trades, Portfolio), the billionaire investor, spoke to Neil Cavuto, one moderator of the GOP debate on Fox Business last night, about Apple (NASDAQ:AAPL), Pfizer (NYSE:PFE) and corporate taxation policy. "It's a red herring to start saying 'Let's have comprehensive tax reform now.' Cause you're never gonna get it. With this divided, dysfunctional congress, you're never going to get comprehensive tax reform at this time," Icahn said.


  • Icahn Enterprises Reports 10.3% Loss in 3rd Quarter

    Carl Icahn (Trades, Portfolio)’s, Icahn Enterprises L.P. (NASDAQ:IEP) reported its third quarter results on Nov. 5. As a diversified conglomerate, the firm has ownership over numerous holding companies, as well as a large investment portfolio that reported total assets of $33 billion for the third quarter.

    After a volatile quarter that saw the Dow Jones Industrial Average down 7.58%, Icahn Enterprises’ investment fund reported a loss of 10.3%. Year-to-date the fund is down 2.8% with significant losses posted from energy companies Seventy Seven Energy (NYSE:SSE) and Chesapeake Energy (NYSE:CHK), down 74% and 62%.


  • Icahn’s Masterclass on Deep Value and Activism

    Carl Icahn (Trades, Portfolio) on activist investing in DealBook Conference 2015


  • Carl Icahn Speaks at DealBook

    Carl Icahn (Trades, Portfolio) spoke at The New York Times' annual DealBook hosted by CNBC's Andrew Sorkin. Icahn discussed various topics with Sorkin including ETFs, Valeant's (NYSE:VRX) problems, corporate inversion and corporate governance.

    Carl Icahn (Trades, Portfolio) Interview At DealBook:


  • 40 Minutes With Carl Icahn – Does Activist Investing Encourage Long-Term Behavior?

    Activist investing can be lucrative for the activist who often forces an action that creates a stock price boost.

    But is it good for the underlying company on a long-term basis?


  • Caxton Associates' Stocks Trading at Low P/E

    Bruce Stanley Kovner is the founder and chairman of Caxton Associates (Trades, Portfolio), L.L.C.

    According to GuruFocus the hedge fund manages a $2,681,000,000 portfolio composed of 140 stocks and the following are the ones trading with the highest margin of safety and with a very low P/E ratio.


  • AIG Just Posted a Considerable Loss For Q3

    American International Group (NYSE:AIG) posted a dismal third-quarter earnings report Monday night, revealing a considerable net loss, and plans to cut up to 400 senior-level jobs.

    CEO Peter Hancock said he blamed “market volatility” for AIG’s tough quarter, which saw the company lose $231 million, or 18 cents per share. Stacked against AIG’s Q3 2014 profit of $2.19 billion, or $1.52, Monday’s report will no doubt lend credibility to investor Carl Icahn (Trades, Portfolio)’s previous calls to break up AIG once and for all.


  • AIG: Missing Its Earnings Estimate at the Worst Possible Time

    At the worst possible time American International Group (NYSE:AIG) missed its earnings estimates. It is one thing to miss but to miss it just a few days after Carl Icahn (Trades, Portfolio) releases a letter he sent to the CEO, that is bad. The company reported an after-tax operating profit of $691 million which contrasts with a $1.7 billion in the same quarter last year. AIG attributes the result to its hedge fund investments and its stakes in Chinese insurance companies. AIG also took a $274 million restructuring charge associated with organizational simplification, operational efficiency and business rationalization. Carl Icahn (Trades, Portfolio) will be happy to hear. In other good news the company also continued its buybacks in Q3.

    The disappointing results increase the odds Carl Icahn (Trades, Portfolio) will get things done with his 2% stake in the insurance giant. Let’s take a look at the letter he sent to the CEO and the points he is making to see if it makes sense and this is an opportune time to buy or add AIG. Below I will excerpt certain parts of Icahn’s letter and comment on these parts:


  • Is Carl Icahn Right About AIG?

    Investors tend to shy away from taking on shares in one-stop-shops. After all, it’s generally far safer to place your faith in a meticulously focused business that’s simple to understand and easier to manage. That’s why the banking and insurance sectors have seen a record number of spinoffs over the past couple of years – and it’s also why infamously active investor Carl Icahn (Trades, Portfolio) has called for a breakup of American International Group (NYSE:AIG).

    Last week, Icahn delivered a scathing open letter to AIG’s CEO, Peter Hancock, in which he argued that AIG is simply "too big to succeed." According to Icahn, the $82 billion insurer’s status as a Systemically Important Financial Institution (SIFI) has created an “increasingly onerous regulatory burden” that is ultimately restricting the company’s overall potential. Consequently, Icahn would see AIG split its three primary businesses into separate companies: property and casualty, mortgage and life. Peter Hancock wasn’t necessarily pleased by Icahn’s letter, but the news did lift shares by 4.4% on Wednesday.


  • Two Gabelli Picks in the Auto Industry

    Guru Mario Gabelli (Trades, Portfolio) appeared on CNBC and talked auto stocks – category in which he has been extraordinarly successful lately. Not that he needed it. His reputation as a value investor who often engages with management is well established. I highly recommend taking notes of what he likes to buy in quantity. His top holding is Cablevision Systems Corp. (CVC) but I digress from what I wanted to talk about which is two of his interesting auto picks:



  • Carl Icahn: Pfizer Leaving America and Many More to Follow

    Carl Icahn (Trades, Portfolio)'s letter, made public Thursday evening:  

  • Apple's New iPhone Has Massive Deal for Investors

    One of the prominent stocks most hedge fund managers like to keep in their portfolios is Apple (NASDAQ:AAPL). Among the hedge fund managers, Carl Icahn (Trades, Portfolio) is one of the largest holders of the stock. According to GuruFocus data, Apple makes up 21.21% of Carl Icahn (Trades, Portfolio)’s portfolio.

    Apple designs, manufactures and markets mobile communication and media devices, personal computers, watches and portable digital music players worldwide. It reported higher-than-estimated third-quarter earnings on Oct. 27. The stock has increased by 9.20% year to date and performed well as compared to Technology SPDR (ETF) [XLK]


  • Carl Icahn Demands AIG Break Up in Letter to CEO

    Carl Icahn (Trades, Portfolio) took American International Group (NYSE:AIG) CEO Peter Hancock to task this morning in one of this famous letters morning demanding a break up of the company and a speedier increase of value for shareholders. Icahn decried the insurer's below-book value trading price and gave shares a fair value price of $100, citing fellow shareholder John Paulson (Trades, Portfolio).

    Though details have not surfaced in regulatory filings yet, Icahn said this morning on Twitter that he has a "large stake" in the company.


  • Undervalued Stocks With Growing Earnings Among Dodge & Cox's Holdings

    Dodge & Cox was founded in 1930 by Van Duyn Dodge and E. Morris Cox and employs a team research approach in making investment decisions.

    The following are the most undervalued stocks on the hedge fund’s portfolio that during the last five years have shown a strong growth rate on earnings per share ratio (EPS).


  • Apple Should Buy Back More Stock

    What should Apple (NASDAQ:AAPL) do with all of its excess cash?

    Some pretty sharp people have suggested that plowing it into stock buybacks does nothing for the America economy.


  • Carl Icahn's Five Most Heavily Weighted Holdings

    Activist investor Carl Icahn (Trades, Portfolio) has a net worth of $21.9 billion, according to Bloomberg’s latest rankings. Much of his fortune has been built by accumulating stakes that are large enough to permit him to influence companies’ boards.

    Here is a look at the five most-heavily weighted stocks in Icahn’s portfolio.


  • Carl Icahn Joins Freeport-McMoRan Board, Issues Update on Progress

    Activist investor Carl Icahn (Trades, Portfolio) released a statement today with an update on developments with Freeport-McMoRan Inc. (NYSE:FCX), a company he began targeting on Aug. 17, purchasing 88 million shares. He then boosted the stake by 13.6% on Sept. 18 to an even 100 million shares, or 9.6% of the company.

    Icahn said that after several weeks of negotiations with Freeport, they came to an agreement about his company’s representation on the board. The miner of copper, gold and molybdenum saw its shares jump 9.7% to around $13 per share so far Wednesday on Icahn’s news, and are down more than 44% year to date.


  • Top Insider Trades of the Week

    The All-In-One Guru Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "September 2015."

    According to the above filters, the following are the recent buys from company insiders in the past week.


  • Carl Icahn's Exclusive Interview With CNBC

    Legendary activist investor Carl Icahn (Trades, Portfolio) released a 15-minute video Tuesday warning about the next financial crisis. In the video Icahn warned about the Fed zero interest rate environment and the high yield market. He also got political and discussed his view from taxes to Congress being unable to do anything. To emphasize his warning video and other topics Icahn did a 29-minute interview with CNBC Wednesday.

    Interview With CNBC:


  • eBay Is a Carl Icahn Bargain Stock

    The eBay Marketplaces’ have over 25 million active sellers and 157 million active buyers around the world, creating a small but still present barrier to entry for rivals. The company is exploring a new “Amazon Prime” style service in Germany that could be rolled out globally. All of this and a multibillion-dollar profit from the PayPal (NASDAQ:PYPL) spinoff has created a possible buying opportunity in Icahn’s third-largest holding.


  • Seeing Danger Ahead, How Carl Icahn Has Positioned His Portfolio

    Activist investor Carl Icahn (Trades, Portfolio) has portended doom for markets possibly the loudest of any prognosticator with his video “Danger Ahead,” but he hasn’t pulled all of his money out. In fact, he has purchased several greater-than 5% stakes in the third quarter and added more shares to existing holdings, including boosting his holding of Cheniere Energy (LNG) on Monday.

    He also, in the second quarter, sold sparingly, exiting only his position in Netflix Inc. (NASDAQ:NFLX) and cutting his position in Gannett Co. (NYSE:GCI) by 50%.


  • Carl Icahn Drops Full 15-Minute ‘Danger Ahead’ Video

    After posting a teaser trailer on his website Monday, Icahn on Tuesday released his video detailing all the reasons he believes the economy is coasting toward disaster. The activist investor known for shaking up corporate boards railed against “fallacious” corporate earnings, bubbles created by low interest rates, high-yield bonds being sold by Wall Street, and more, while endorsing Republican presidential candidate Donald Trump.

    “It’s just Déjà vu,” Icahn ends the video by saying. “The public, they got screwed in ’08. They’re going to get screwed again. I think it was Santayana who said ‘Those who do not learn from history are doomed to repeat it.' And I’m afraid we’re going down that road.”


  • Billionaire Investor Carl Icahn Tells Fox Business Network That 'The Fed Should Be Raising Rates Now'

    In an interview to appear on FOX Business Network’s Cavuto: Coast to Coast on Tuesday, September 29 at 12PM/ET host Neil Cavuto speaks with Billionaire investor Carl Icahn (Trades, Portfolio) about GOP Presidential candidate Donald Trump, interest rates and the economy. When asked whether Donald Trump is his candidate for president, Icahn said, “he definitely is” and that “I think he's the best by far of any of these guys.” Icahn also spoke about whether the Federal Reserve should have raised interest rates saying, “I'd say definitely the Fed should be raising rates now, absolutely, to stop this proliferation of high yield debt and you're right, they've painted themselves in a corner.” Icahn went on to say, that the Federal Reserve is “building bubbles as we speak.”  

  • Carl Icahn Releases Ominous 'Danger Ahead' Video

    Over foreboding music, clips of Carl Icahn (Trades, Portfolio) warning of impending danger in U.S. markets on various media outlets in recent months float past in a trailer for a video he will release Tuesday via his website. In the clips, the investor said he worries about a high-yield market bubble and an overheated stock market propelled by zero interest rates.

    The video ends with Icahn, who has endorsed Republican presidential candidate Donald Trump, seated in his office saying he released the video because "I feel so strongly about the dysfunction that is going on both in Washington and the boardrooms of corporate America."


  • Carl Icahn Raises Stake in Freeport McMoRan

    Guru Carl Icahn (Trades, Portfolio) of Icahn Capital Management last week increased his shares in a stake that is new to his portfolio.

    Icahn became a stockholder in Freeport McMoRan Inc. (NYSE:FCX), a Phoenix-based metals and mining company and one of the world’s leading producers of gold, with the purchase of an 88,000,000-share stake in mid-August. Icahn paid an average price of $10.24 per share on that investment in a deal that had a 4.29% impact on his portfolio.


  • Icahn Boosts Stake in Cheniere Energy, Jim Chanos Shorts Same Stock

    Activist investor Carl Icahn (Trades, Portfolio) has increased his stake in oil and gas company Cheniere Energy (LNG) by 17.2%, according to data reported by GuruFocus Real Time Picks.

    Icahn purchased 3,328,629 additional shares on Sept. 14 at $52.77 per share, and now holds a 9.59% stake in the company. The stock has dropped 32% over the past year and has not posted a profit in the past 15 years. The stock price closed at $54.14 yesterday. Icahn has said previously in August that he believes Cheniere in undervalued.


  • Gurus Pile Into Commodities. Time to Follow Suit?

    For obvious reasons, many individual investors have been scared off from owning some of the world’s most popular commodities. In the past 12 months, oil is down 50%, copper is down 40%, silver is down 18% and gold is down 12%. For many, it seems as if there is nowhere to hide.


  • Insiders Are Buying Freeport McMoRan and Phillips 66

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$500,000+” and duration to "September 2015."

    According to the above filters, the following are the recent buys from company insiders during the last week of August.


  • Watch the Apple Event Live

    Apple (NASDAQ:AAPL) has introduced some of the world’s most innovative products and landed in the portfolio of many prominent value investors. It is the fourth most-held tech stock of gurus followed by GuruFocus, and the 14th most-held S&P 500 stock overall. Some gurus have also made it the top position in their portfolios, such as David Einhorn (Trades, Portfolio), and Carl Icahn (Trades, Portfolio), for whom it forms the first holding behind his own company.

    Consequently, many will be watching the Apple Event Wednesday to get the first look at what new products, upgrades and announcements the company has in the pipeline.


  • Here Is Your Guide to What Gurus Are Saying About Commodities - U.S. Global Investors

    A few legendary influencers in investing are making huge bets right now on commodities, an area that’s faced—and continues to face—some pretty strong headwinds. What are we to make of this?

    I already shared with you that famed hedge fund manager Stanley Druckenmiller (Trades, Portfolio) made a $323-million bet on gold, now the largest position in his family office fund. It’s also come to light that George Soros (Trades, Portfolio) recently moved $2 million into coal producers Peabody Energy and Arch Coal. Meanwhile, activist investor Carl Icahn (Trades, Portfolio) took an 8.5-percent position in copper miner Freeport-McMoRan, which we own.


  • CrestPoint Capital Management’s Top Second Quarter Holdings

    CrestPoint Capital Management is a professional money management firm specializing in the management of common stock portfolios. It disclosed an equity portfolio valued at $189.4 million as of the end of June, representing a 1.6% decrease from the previous quarter. The equity portfolio is mainly invested in technology (18%), consumer discretionary (14%) and health care (12%) stocks.

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


  • Carl Icahn Buys 8.5% Stake in Freeport-McMoRan

    Carl Icahn (Trades, Portfolio) continues to bottom feed for companies faltering under weak commodity prices, today disclosing an 88 million-share stake in mining and oil company Freeport McMoRan (NYSE:FCX) that gives him 8.46% interest in the company.

    Icahn built the stake through various transactions beginning July 17, dating the regulatory filing for Aug. 17. The company’s shares declined 72% in the past year and trade around $10.19 Thursday, up 28.7% on Icahn’s announcement.


  • Icahn Adds Stake in Tegna, Cheniere Energy

    During the second quarter, activist investor Carl Icahn (Trades, Portfolio) added two new stakes to his portfolio and sold out his holding in Netflix (NASDAQ:NFLX), according to data reported by GuruFocus Real Time Picks.

    Icahn purchased 14,967,373 shares of Tegna (NYSE:TGNA) for an average price of $28.79 per share. Tegna is an international media and marketing solutions company that reaches more than 110 million people per month.


  • Icahn Enterprises Second Quarter 13F Filing

    Carl Icahn (Trades, Portfolio)'s Icahn Enterprises (NASDAQ:IEP) released its second quarter 13F filing last Friday. The firm disclosed new stakes in Tegna Inc. (NYSE:TGNA), Gannett Spinco Inc. (NYSE:GCI) and Cheniere Energy (LNG). During the second quarter Icahn disclosed that he sold his 15 million shares of Gannett Inc. As well Icahn sold the remaining 1.4 million share of Netflix (NASDAQ:NFLX) that he owned for $588 million. Icahn has made over $2 billion in profits off his Netflix investment that he held two years.

    Tegna Inc.:


  • Carl Icahn's Billion Dollar Bet on Liquefied Natural Gas

    Over the last six months Carl Icahn (Trades, Portfolio)'s portfolio has been destroyed by the collapse in oil prices. Icahn has made a big bet on energy stocks the last few years and been burned by the collapse in oil. The collapse in oil prices has caused Icahn's portfolio to be filled with massive paper losses. His holding company Icahn Enterprises (NASDAQ:IEP) is down over 25% since the start of the year and its earnings have been wiped out by the paper losses in energy stocks. So with all these paper losses why in the world would Icahn make another $1 billion bet in the energy sector. Well you be wrong Icahn acquired 8.8% of natural gas company Cheniere Energy (LNG) during the second quarter. The company is a large natural gas producer that is in the middle of beginning to export liquid natural gas. Cheniere will be the first company to export liquefied natural gas in the United States. The company spent $16 billion to build its largest export terminal. Carl Icahn (Trades, Portfolio) clearly believes that exporting the liquefied natural gas is going to be highly profitable, and he intends to profit from it.

    Icahn's stake In Cheniere Energy:


  • Carl Icahn Is Not Afraid of the Energy Sector

    Undoubtedly Carl Icahn (Trades, Portfolio) is one of the best investors in the world. He founded Icahn Capital LP, which had about $32 billion under management. The investor reported initiating a new stake in Cheniere Energy Inc. (LNG), a $16.48 billion market cap, according to GuruFocus Real Time Picks.

    New position


  • Five-year Lows: Suburban Propane Partners LP, South Jersey Industries Inc, Valhi Inc, Navistar International Corp.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Suburban Propane Partners LP, South Jersey Industries Inc, Valhi Inc, Navistar International Corp.

    Suburban Propane Partners LP (NYSE:SPH) Reached $37.01


  • Carl Icahn Increasingly Banks on Energy With Cheniere Stake

    Though energy stocks plagued Carl Icahn (Trades, Portfolio)’s investment fund in 2014 with a half a billion-dollar loss, his bullish long-term stance on the sector continues with a headline-grabbing 8.18% stake in natural gas developer Cheniere Energy (LNG).

    Icahn expected the oil slump to persist as he hunted for more opportunities, saying in February:


  • Top insider buys of the week: Navistar and Fibrocell

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying from “$500,000+” and Duration to "July 2015."

    According to the above filters, the following are the recent buys from company insiders over the past week:


  • Risk And Reward With Seadrill Ltd

    Seadrill Ltd (NYSE:SDRL) is an offshore, some would consider maverick, drilling contractor focused on unlocking oil and gas in the safest most efficient way. The company has the industry’s youngest and most advanced rig fleet to go along with 9,450 highly skilled employees.

    Offshore drilling (despite the dangers) is still very attractive for companies like Exxon (NYSE:XOM) and Shell (NYSE:RDS.A)(NYSE:RDS.B) who have zero access to most of the world’s reserves because of state-owned companies. Plus, with oil prices at cyclical lows right now, buying into this company could make a lot of sense.


  • Grantham, High Yield, and The Cyclical Bear In Gold – CMG Capital Management

    “If you’re young, take the whack [and] if you’re old, pray for the Fed to keep going.” – Jeremy Grantham (Trades, Portfolio)

    Grantham was the opening keynote at the Morningstar Investment Conference in late June. There were several notable insights I share with you this week. The intro quote above pretty well sums up his outlook. All about that (bass) Fed, about that (bass) Fed. The jingle continues to ring in my mind.


  • Carl Icahn Warns That It Is 2007 All Over Again

    Carl Icahn (Trades, Portfolio) thinks that there is a reckoning coming, and there are a lot of investors who have no idea how much risk they are exposed to.

    He singles out the high yield bond market where rising interest rates will be the catalyst to create the plunge.


  • Carl Icahn vs Larry Fink

    CNBC did its again at Delivering Alpha, putting Carl Icahn (Trades, Portfolio) and Larry Fink on the same stage at the same time together. These two titans of finance have been going at its the last year about various topics but mainly Activist Investing. Both men gave their views on the various topics at the conference. They both went back and forth over everything from the high yield market to activists' effect on the economy. Icahn laid out his case that the economy looks just like 2007; Mr. Fink didn't agree with him and laid out his case that Icahn is wrong about the economic. Both men gave their opinions of what higher interest rates will do to the economy and if the Fed will raise rates this year. Mr. Icahn called Blackrock dangerous because of the ETFs and the high yield markets. Both men are very informed and have far different views of the economy. Every investor should watch their back and forth because there is so much to learn from these titans of finance.

    Icahn vs Fink


  • Carl Icahn Reports Increased Stake in Gannett

    Carl Icahn (Trades, Portfolio) on June 29 received shares of Gannett Co. Inc. (NYSE:GCI) as part of the company’s split that he supported, according to Real Time Picks data.

    Icahn effectively has 7,483,683 shares of the new Gannett after the June 29 split, roughly a 6.51% stake. Shareholders received two shares of the new Gannett for every share they held of Gannett, which changed its name to Tegna Inc. (NYSE:TGNA).


  • One of Icahn's Favorite Stocks Seems to be Overvalued

    One well-known activist investor, Carl Icahn (Trades, Portfolio), further increased his position in Chesapeake Energy Corporation (NYSE:CHK) through Icahn Capital LP by 10% to $1.03 billion in the company's latest filing, with 73.05 million shares. Chesapeake is Icahn's eighth-largest holding in its $32.05 billion portfolio, and the stake represents 3.2% of Icahn´s portfolio, so we can conclude that the stock´s performance will affect its performance.

    Icahn remains bullish on the company as evidenced by his increased position in the company's shares, so let´s try to find the intrinsic value of the stock based on an absolute valuation model and see if we can have an upside potential in this stock.


  • Will Bill Ackman Go After Express Scripts Next?

    Bill Ackman (Trades, Portfolio) of Pershing Square, the second most well known activist investor only after Carl Icahn (Trades, Portfolio), just raised more money by issuing a billion worth of bonds. The NY Post reported that according to a source on an investor's call: Ackman plans to use the debt proceeds to help his $20 billion fund take on a big target. Ackman gets his fair share of headlines, and his targets usually quickly get bumped up a few notches. That makes it both fun and potentially profitable to speculate on his next target. With his fund getting bigger and bigger targets are becoming scarce which helps.

    To try and deduce what company Pershing Square will target, the first thing I did was set up a screen that excludes companies based on Ackman’s likely preferences. My screen excluded companies below $50 billion because he is going after a big target. It also excluded various industries like retail, energy and basic materials that I think he is unlikely to invest in right now based on his historic preferences and public comments he made. In addition I only included companies with a multiyear stable operating cash flow record and finally also excluded companies that analysts are extremely optimistic about because these are not logical targets for an activist. Finally, I expect Ackman will not invest outside the U.S. because of the additional legal issues and because of all the additional travel he and his team would need to do which could hurt the overall portfolio.


  • Market Valuations and Expected Returns – June 26, 2015

    The market was up more than 30% in 2013, the best year since the go-go years of 1990s. 2014 was another strong year for the market. The S&P 500 index was up more than 13%. Since the market recovery in 2009, the stock market has been up for 6 consecutive years. Yet in January 2015, the stock market benchmark S&P 500 lost 3.10%. In February, the market regained its strength by increasing 5.49%. Throughout March, the market went down by 1.74%. In April and May, the market was up by 0.85% and 1.05% separately.

    Bernard Baruch once said, “A market without bears would be like a nation without a free press. There would be no one to criticize and restrain the false optimism that always leads to disaster.”


  • Carl Icahn Sells Holding in Netflix

    Carl Icahn (Trades, Portfolio) of Icahn Enterprises (NASDAQ:IEP) did an interview with CNBC on Wednesday were he informed the world that he's no longer a shareholder of Netflix (NASDAQ:NFLX). His investment in Netflix is one of the best trades seen in a very long time. Icahn bought his stake in Netflix in 2013 when the company was selling for $54 per share, and over the last two years have returned 1,000% for Icahn. He discusses why he sold out and why he believes that Apple (NASDAQ:AAPL) is another Netflix. After discussing Netflix and Apple, Icahn went on to discuss why he believes that the market is overvalued and that we are in another bubble like the one that burst in 2008.

    Part One


  • Carl Icahn: It's Time To Be Concerned About The Market

    Carl Icahn (Trades, Portfolio) believes it is ridiculous to buy a high yield bond today when you can buy a top quality corporate bond for a yield that is only 2% lower. He says that buyers of high yield debt are taking on a large amount of risk for the slightly better return that they will get if everything goes well.


  • Top Micro-Cap Picks From the Gurus

    Much like small-cap stocks, micro caps (generally defined as capitalizations between $50-300 million) offer opportunities for very large growth, but also present significant risk and volatility.

    Over the last year, the Russell Microcap Index returned 11.19%, slightly underperforming the Russell 3000 return of 11.86%. When looking over a three-year period, the Microcap index returned 20.89% compared to Russell 3000’s 19.92%.


  • The Fed Needs To Start Raising Rates Immediately – Billionaire Investor Carl Icahn

    Carl Icahn (Trades, Portfolio) thinks that the Federal Reserve should already have started raising rates.

    He isn't anti-Fed as he believes that they saved the country in 2008.


  • Marc Faber Sees Colossal Systemic Risks In The Markets Today

    Carl Icahn (Trades, Portfolio) thinks that there is a bubble brewing in the financial markets.

    The reason for this is the unprecedented length of time that interest rates have been held down for.


  • 7 Quirky Dividend Stocks

    With bond yields in the gutter for these past six years, investors have grown accustomed to looking in… shall we say… “nonconventional” places for yield. Whether in odd corners of the stock market or in dodgy-looking private placements, anything offering a respectable current income is bound to get at least a little attention.

    It’s easy enough to understand why. The 10-year Treasury yields barely more than 2%, and traditionally high-yielding sectors like utilities and REITs yield less than 4%. Even “high-yield” junk bonds (and yes, you have to write “high-yield” in quotation marks these days) yield only 5.9%, and these come with the not-so-insignificant risk of default.


  • Larry Robbins keeps on buying Manitowoc Co Inc.

    After his latest buys of Q1 2015, Guru Larry Robbins (Trades, Portfolio) keeps on increasing his stake in Manitowoc Co Inc (MTW) even in June (Q2), according to GuruFocus real time picks.

    In March he bought the stock for the first time, and now he increased his stake by 11.61% at an average price of $19.3 reaching a total of 9,614,197 shares held. After this buy the Investor is still the second main holder of MTW after Carl Icahn (Trades, Portfolio) who owns 10,582,660 shares.


  • Carl Icahn Reflects On His Long Career Of Corporate Raiding

    In 1962 Carl Icahn (Trades, Portfolio) learned a critical lesson.

    The source of the lesson was him losing all of his money.


  • Carl Icahn: Part Of His Interview With Wall Street Week

    Carl Icahn did a two-part interview with Wall Street Week. and the second part is out. He discuss his early career on Wall Street, and the option brokerage firm that he started. Icahn also discuss losing all of his money and the lessons he learned from that massive loss. He talked about the casino mentality that runs through the market and how dangerous it is. It's a great interview and anyone wanting to know more about Icahn's early career should watch and also get the book "King Icahn: The Biography of a Renegade Capitalist." The book really tells you how Icahn started is activism and how he won his activist campaigns.

    Part 2


  • Apple, SunEdison and Biogen: Hellman, Jordan Management's Top 3 Stocks Outperform the Rise in the S&P 500 Index

    Hedge fund Hellman, Jordan Management Company, Inc disclosed an equity portfolio valued at some $548.6 million as of the end of the first quarter of 2015. The equity portfolio is mainly invested in Technology (32%), Consumer Discretionary (24%) and Health Care (17%) stocks. The fund’s last 13F filing showed that the fund raised its exposure towards consumer discretionary and tech stocks but reduced its holdings in the health care and industrials sector.

    In this article we will look into the top three picks held at the end of Q1. Among 10 largest holdings from Hellman, Jordan’s equity portfolio (which amass 37.07% of the total portfolio value), the three top are: Apple Inc. (NASDAQ:AAPL), SunEdison, Inc. (NYSE:SUNE) and Biogen Inc. (NASDAQ:BIIB).


  • Carl Icahn's Biggest Portfolio Changes

    Activist investor Carl Icahn (Trades, Portfolio) did not buy new stocks in the first quarter but made several other notable moves.

    The investor has spent much of his time in the public eye over the past several months vying for change at Apple Inc. (NASDAQ:AAPL), a stock that eats 20.48% of his portfolio as his second largest holding. On April 28 he proclaimed the company “still undervalued and misunderstood” on Twitter. He then projected 40% earnings growth for the year and a worth of $240 on its shares, in an open letter dated May 18.


  • Should You Invest Like Carl Icahn?

    Brian Rosenblatt of Rosenblatt Securities and Mark Hale of Hale Capital Management were both at CNBC where they debated the pros and cons of investing like Carl Icahn (Trades, Portfolio).


  • Apple Wins The Age-Old Legal Bout Against Samsung In The U.S.

    The balance in the high profile smartphone proprietorship litigation case between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co. Ltd. (SSNLF) tilted in the former’s favor with the Washington, D.C., Federal Appeals court, the specialized U.S. establishment for reviewing patent appeals, upholding a majority of the 2012 federal ruling that awarded Apple $930 million in damages. Samsung’s appeal against the excessive monetary fine for using the "basic" design of rectangular with rounded corners flat and touch screen phone and asked for reduction by $382 million was accepted in principle by the court and up to 40% of the unprecedented damage will now be reconsidered.

    In spite of losing its claim of "trade dress," the visual shape of iPhone, Apple is feeling vindicated and calls the highly anticipated ruling that established violations of many patent inventions of Apple IPhone by Samsung and its incorporation in a series of Samsung smartphones to boost sales, a victory for its intellectual property against the shameless copying of its innovative, simple, easy to use and elegant designs that were protected by patents. Following the decisive turn of events, representatives of Samsung chose not to comment on the guilty charges but welcomed the part of ruling favoring them and said they will continue to protect their own designs and patents.


  • Activist Investing Guru Carl Icahn – Apple Is A No-Brainer

    Carl Icahn (Trades, Portfolio) believes that Apple (NASDAQ:AAPL) shares are worth $240 a piece, a healthy premium to the current share price.

    He considers the company to be a "no-brainer" at this point:


  • Hertz To Improve Rental Prices To Boost Bottom Line

    As if the raise in airfares wasn’t giving tough times to consumers, the announcement by Hertz Global Holdings Inc. to increase car rental rates has come as a blow though its good news for the investors of the company. An important thing noted here is the clashing of the price hike by Hertz with the recent announcement of Carl Icahn (Trades, Portfolio)’s $100 million investment in the car sharing company Lyft Inc.

    Florida based American car rental company Hertz Global Holdings Inc. (NYSE:HTZ) shared its decision to raise car rental prices at U.S. airports by $5 a day and $20 a week. Outside the airport, the prices are set to go up by $3 a day and $10 a week. Hertz doesn’t seem to be affected by the recent announcement of investment by Carl Icahn (Trades, Portfolio) in car sharing company Lyft, which might prove as a tough competition for the company. Shares of the company rose 5.3% to close at $20.60.


  • Carl Icahn Thinks Apple Is Worth $1 Trillion

    Carl Icahn (Trades, Portfolio)'s Letter to Tim Cook

    Key Assumptions


  • 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 - 5 days ago
good job Mr
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ReplyDrKrullebol - 2 months 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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