Carl Icahn

Carl Icahn

Last Update: 03-17-2017

Number of Stocks: 19
Number of New Stocks: 0

Total Value: $22,374 Mil
Q/Q Turnover: 3%

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

Carl Icahn Watch

  • Monday Value Overview

    There was a lot of activity today with 13F filings and buyouts. Carl Icahn did well with Motorola Mobility’s (NYSE:MMI) buyout offer from Google (NASDAQ:GOOG). I also have information on Motorola Solutions (NYSE:MSI), Biogen (NASDAQ:BIIB), Clorox (NYSE:CLX), Berkshire Hathaway (NYSE:BRK.B), Dollar General (NYSE:DG), and Verisk Analytics (NASDAQ:VRSK). has some great information on Sterling Construction (NASDAQ:STRL), Lincoln Educational Services (NASDAQ:LINC), and BPZ Resources (BPZ). We close out with some action from Tiger Management about Teva Pharmaceutical (TEVA), Concho Resources (CXO), LyondellBasell (LYB), and ChinaCache International Holdings (CCIH).

    Carl Icahn strikes again, making about $350 million today. Not bad for a day’s work. Icahn owns about 27 million shares of Motorola Mobility and Google kicked off the day by announcing a $40 per share offer of the handset maker. It appears Google is particularly interested in MMI’s patents and will operate the company as a stand-alone subsidiary. There’s about a 5% spread still on the table. I haven’t seen Icahn’s Q2 picks yet, but at the end of Q1 Icahn’s top holdings were Motorola Solutions, Biogen, Clorox, and then MMI.  

  • Carl Icahn: The Sell Off Is Over Done

    Carl Icahn spoke with CNBC. He is now only managing his own money. He talked about the market, the regulation. He thinks that corporations have the best balance sheets ever.


  • Monday Value Overview

    We started off the week with a nightmare. Bank of America (NYSE:BAC) may have been the worst. Berkshire Hathaway (NYSE:BRK.B) made an offer to TransAtlantic Holdings (TRH) resulting in TRH being one of the very few positive stocks on the day. I’ve got a McGraw-Hill (MHP) crack, a Carl Icahn video, some stats from today, and a suggestion to ignore the crowd.

    What can you say about Bank of America? The stock totally fell apart today. CNBC reported that David Tepper sold out of his stake. Dick Bove said they won’t need to raise more capital, but others disagree. This seems like a concerted effort by hedge funds to force Bruce Berkowitz to make major sales. It just goes to show how little day to day trading has to do with actual fundamentals. This makes Berkowitz’s August 10 conference call with Brian Moynihan even more compelling. For those investors not concerned with the short term, this stock at this price is as good a deal as it has ever been.  

  • Monday Value Overview

    Monday’s edition reluctantly touches on the debt ceiling, has a link to an attack against Carl Icahn saying he destroyed Yahoo (NASDAQ:YHOO) and Motorola (NYSE:MMI), follows up on the fake Apple (APPL) store in China, and has a few picks from a value shop out in California that includes Wal-Mart (NYSE:WMT), Disney (NYSE:DIS), and Chesapeake Energy (NYSE:CHK). Finally, we close out with a Buffett quote that could describe the debt ceiling debate, the crisis in Europe and, really, the stock market this whole year.

    We had a big up and then down and then slightly down day today. The announcement of a debt ceiling agreement among Congressional leaders last night caused markets to skyrocket at the open. They were then hurt by economic indicators that say the economy has significantly slowed. Pain continued with bad news from Europe, before ending the day only down somewhat. The Congressional votes will come tonight and the President will sign the bill lifting the debt limit soon thereafter. Immediately after, Democrats will call for higher taxes on hedge fund managers.  

  • Friday Value Overview

    This Friday’s edition links to an argument in favor of a housing boom, a note about Caterpillar’s (NYSE:CAT) earnings, a great post using Interdigital (NASDAQ:IDCC) and Nortel (NT) as examples and noting Carl Icahn’s ideas for Motorola Mobility (NYSE:MMI). I’ve also got a rumor about Steven Cohen buying Facebook shares and, finally, thoughts and prayers for Norway.

    Here’s an interesting and unique take on the housing market. The Economist has a piece referring to a blog post by Karl Smith. I admit to not having heard of Smith before, but he uses the argument that construction and supply is well below replacement rates. New household formation has dropped significantly, but a good portion of that is from things like more roommates in one house, kids moving back in with parents, and vice-versa. We always see this when unemployment is high, so when it drops, we can expect higher household formation and a supply and demand problem with existing units. That doesn’t mean sales will necessarily pick up, because of difficulties getting mortgages and lack of desire to own, but it will mean there will be a shortage of units. Rents have already picked up strongly. Smith thinks this course-correction will come in the next 12 months. I don’t know about that, but it will come, and Smith is right that there will be a two year period with significant supply pressure. That just might be enough to make homeowners more optimistic.  

  • Wednesday Value Overview

    The middle of the week was full of earnings releases. The markets were slightly down, led by techs. Carl Icahn made more news with his Clorox (NYSE:CLX) bid. I’ve got a link to the Michael Burry profile from last night. American Express (NYSE:AXP) had a great quarter. Bank of America (NYSE:BAC) was so-so but oversold. Genworth Financial (NYSE:GNW) was horrendous. Finally, I’ve got a link to a very funny story on Apple (APPL), and it doesn’t have a thing to do with Steve Jobs.

    Carl Icahn was not happy with the response he got from Clorox to his previous $76.50 offer. It seems obvious to me that Clorox didn’t take Icahn seriously and didn’t think his idea of shopping Clorox to a different bidder was feasible or attractive. In response to him, the Board installed a poison pill plan to limit further purchases by Icahn. Icahn’s new bid is $80 per share, which equals $10.7 billion. To further show he is serious, he offered to put $6.2 billion in escrow if Clorox would negotiate with him. This might be a tough one for Icahn to win, but if you read the letter he sent to the Board, you might come away with the impression that he’ll do anything just to get back at them.  

  • Billionaire Icahn's Bid for Clorox

    Clorox has recently rejected the $10 billion bid of billionaire Carl Icahn as the bid seemed too low for the firm.

    Clorox is a 98 year-old manufacturer and marketer of consumer and institutional products. The products are varied including bleach and cleaning products, natural cleaning and laundry products, auto-care products, dressings and sauces, water-filtration systems wraps and containers, and natural personal care products. The firm sells its products primarily through mass merchandisers, grocery stores and other retail outlets.  

  • Carl Icahn Says Clorox (CLX) is "Very Undervalued"

  • Friday Value Overview

    The close of the week brings us big news from Google (NASDAQ:GOOG), a piece on Charlie Munger, Carl Icahn’s Clorox (NYSE:CLX) offer and his comments about Procter & Gamble (NYSE:PG), Kimberley-Clark (NYSE:KMB), and Colgate-Palmolive (NYSE:CL), Citigroup (NYSE:C) earnings, and the latest edition to CNBC’s Squawk Box.

    Google reported blow-out earnings, both with revenue and earnings, in their release yesterday. Shares skyrocketed higher, adding more than $20 billion to their market cap. Adding the value equivalent of a group of pre-IPO companies in just one day is not an easy thing to do. Some are even chattering that Google is now, again, a growth company. A few more days like this and it certainly will be growing out of the value camp it's been stuck in over the last few years.  

  • Carl Icahn Still Looking for Trouble

    Fortune article on the long time corporate agitator. Apparently he has a 25.3% rate of compounded return since 1990. That will turn a little bit into a whole pile of money.

    FORTUNE: Why did you decide to return all of the money from outside investors in your hedge fund, and close the fund to new investors?  

  • Carl Icahn Sounds Alarm Over Excessive Leverage

    Legendary money manager Carl Icahn sounded the alarm bell after the Ira Sohn conference.

    In an interview with CNBC, Icahn said the following:  

  • Ira Sohn Conference: Carl Icahn's Favorite Stock is Icahn Enterprises

    Carl Icahn began his career on Wall Street in 1961 and has become one of the most well-known and influential investors in America. In 1968, Icahn formed Icahn & Company. As a leading shareholder activist, Icahn believes his efforts have unlocked billions of dollars of shareholder and bondholder value and have improved the competitiveness of American companies. Icahn is a graduate of Princeton University, with a degree in philosophy.

    He was told by his father he had no talent. His father was an artist and his mother a musician.  

  • Billionaire Investor Carl Icahn Q1 Portfolio Update; Buys CLX, AMGN, SUG

    Billionaire activist investor Carl Icahn just reported his Q1 portfolio. Icahn likes to invest in distressed situations and push for a change in companies’ management. As of 03/31/2011, Icahn Capital Management LP owns 24 stocks with a total value of $6.2 billion. These are the details of the buys and sells.  

  • Carl Icahn: My Finest Hour as an Investor

    Activist investor Carl Icahn wrote to the editor of The New York Times to correct the misconception that one of the paper’s previous articles may have given its readers:

    While I found your article, “The Raider in Winter” (April 17) to be informative, I believe readers might draw conclusions that are inaccurate. The article states, “Mr. Icahn lost so much money during the financial crisis that he is still a bit shaken by the experience.” I find this statement to be nonsense.  

  • Carl Icahn Not Done Yet – Still Fighting the Likes of Trump and Ackman

    CARL C. ICAHN chases deals the way a dog chases cars. The guy just won’t quit. Talk to him for three minutes, and you get the feeling he couldn’t quit if he wanted to.

    “What else would I do? Play shuffleboard somewhere?” Mr. Icahn grumbles into the phone from his vacation home in Indian Creek, Fla., the rarefied enclave near Miami.  

  • NYT: The Raider in Winter: Carl Icahn at 75

    NYT has a good article on Carl Icahn, written by Janet Morrisey entitled, "The Raider in Winter: Carl Icahn at 75."

    These days, Icahn enjoys so much fame that one only has to mention that Carl Icahn has taken a stake in certain stocks, and those stocks will go up. For instance, in November 2010, regulatory filings showed that he had taken stakes in the toy maker Mattel and the building products company Masco. Mattel’s shares jumped to a 52-week high. Masco’s are up about 17%t since he bought the stake.  

  • Mentor Graphics Rejects Icahn Takeover, Proceeds with Debt Plan

    Carl Icahn, activist investor who specializes in overtaking distressed or out-of-favor companies and turning them around, continues in the battle for his latest target – Mentor Graphics Corp.(NASDAQ:MENT) Mentor Graphics is a company that designs electronic design automation; it has a market cap of $1.6 billion and negative 2.6% revenue growth in the last five years. Icahn currently owns 12,896,232 shares (11.76%) of the company and on Feb. 22 offered to acquire it for $17 per share or $1.91 billion. On March 28, the company’s board of directors unanimously rejected the offering, saying “The $17 per share proposal by Carl Icahn and certain of his affiliated entities (“Icahn Entities”) undervalues the company and its future prospects.” They also said they believed that selling to a strategic buyer would put it at commercial and regulatory risk that would not be in the best interest of the company or its shareholders.

    The very next day, Mentor announced that it would commence selling $220 million in bonds which could be converted to stock if the company is sold. The bonds would reduce Mentor’s annual interest payment on its debt to 4% from 6.25%.  

  • Carl Icahn to Return All Funds He Manages for Outside Investors

    In what would have to qualify as pretty big news, Carl Icahn has announced that he will be returning all the money he manages for outside investors.  

  • Icahn’s Takes a Beating on AMLN Stake

    Billionaire activist investor Carl Icahn is set to take a beating on his large stake in Amylin Pharmaceuticals (AMLN). Amylin shares fell 25 percent to $11.20 in early Nasdaq Stock Market trading after the companies diabetes drug Bydureon was found to be ineffective. A recent study found that Bydureon didn’t control diabetes disease better than the existing drug, Novo Nordisk A/S’ Victoza.

    Icahn Capital Management LP recently added to his holdings in AMLN in the fourth quarter of 2010. His holdings were 14,381,925 shares as of 12/31/2010 and he owns almost 10% of the company. AMLN makes up 5.39% of Icahn’s total portfolio.  

  • Carl Icahn Continues to Ride Organic Food Boom

    Carl Icahn continues to load up on shares of organic food distributor The Hain Celestial Group, Inc.(NASDAQ:HAIN).

    In a Feb. 18, 2011 SEC filing Icahn revealed that he picked up another 15,800 shares since December 31, 2010.  

  • Carl Icahn Extends Offer to Buy Out Mentor Graphics Corp.

    Carl Icahn the activist investor is very busy these days and cannot be easily discouraged. Shortly after Dynergy shareholders rejected his buyout offer, yesterday he extended an offer to buy another company, Mentor Graphics Corp. (NASDAQ:MENT), for $1.91 billion or $17 per share. This is the letter Icahn sent to the BOD of MENT, according to a SEC filing:
    I hereby offer to have one or more of my affiliated entities purchase Mentor Graphics in a transaction, the form of which will be determined, designed to yield its shareholders $17 per share net in cash. That price represents an approximate premium of about 40% above the price at the beginning of January 2011. This offer is conditioned on completion of cursory due diligence, and the redemption and waiver of anti-takeover devices and laws such as the poison pill. There will be no financing conditions. Furthermore, we will not insist upon providing for a break-up fee in the transaction so as not to provide a roadblock to others who may want to consider bidding higher than our bid. As we have told you, we believe that there are potential strategic bidders for Mentor Graphics whose bid will reflect inherent synergies and should be superior to our $17 offer. However, in any event, we believe that our fellow shareholders should have the opportunity to accept our offer or a higher one, if one emerges as we think it will.
    Over the past few quarters, Icahn built a sizeable position in this stock and the trade by itself has been very profitable.

    By extending the offer to Mentor Graphics, Icahn also opens door for selling his own shares to higher bidders.  

  • Why Carl Icahn is Pouring a Fortune into These Stocks

    Want a great stock tip? You might want to take one from Carl Icahn, since he seems to know what he's doing. The 75-year-old investing legend earned his fortune the old-fashioned way: through leveraged buyouts and private equity deals. Since 1978, Icahn has been taking on majority stakes in companies, unlocking their full value (usually with management shakeups), selling them for a nice gain and then rolling those profits into the next and bigger deal.

    Considering he's parlayed very little into an $11 billion portfolio in a little more than three decades, it might be worth poaching one of his picks.  

  • Carl Icahn Buys NAV, CHK, ENZN, AMLN, CMC,

    Billionaire activist investor Carl Icahn reported his Q4 portfolio. As of 12/31/2010, Icahn Capital Management LP owns 25 stocks with a total value of $5.6 billion. These are the details of the buys and sells. Carl Icahn likes to buy shares of companies that in distressed situations. He then push for a change. His latest impact is with Motorola, the 70-year old company was split into two, Motorola Mobile and Motorola Solutions. Carl Icahn is moving into Chesapeake Energy. He now owns more than 20 million shares of CHK. We are waiting to see what kind of changes he will push into the company.

    This is the portfolio chart of Carl Icahn. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.  

  • Activist Investor Carl Icahn and Donald Drapkin Going After Mentor Graphics

    Mentor Graphics Corporation is a provider of software and hardware design solutions that enable its customers to develop electronic products. Recently it is the $1.4 billion market cap company is the target of some heavy-weight activist investors, including our own Investment Guru Carl Icahn.

    Today, Carl Icahn and Donald Drapkin tell CNBC why they feel Mentor Graphics is trying to disenfranchise shareholders.  

  • Carl Icahn Built a 5.8% Stake in Chesapeake Energy Corp.

    A little over two years ago, Chairman and CEO of Chesapeake Energy Corp. Aubrey McClendon made news for having to liquidate his 33.4 million in his company due to a margin call for $16.52 per share.

    Shortly after that, McClendon was shortly thereafter awarded a controversial one-off $75,000,000.00 'Well Cost Incentive Award' by the board of directors.  

  • Are We Seeing Carl Icahn’s Influence – Chesapeake Announces Plans for Debt Reduction

    I’ve written about Chesapeake quite a few times over the past few months as the share price lingered in the $21 to $23 range. This link recaps most of what I’ve written.  

  • After Motorola, How to Play Carl Icahn's Next Move in Chesapeake Energy?

    Carl Icahn has a pretty simple formula for investing: Find a company with unappreciated assets and a sleepy management team, rattle a few cages, and wait for shares to finally appreciate. That's what he did with Motorola (MOT) and many other companies over the years. [Read my take on that here.] He doesn't always succeed, but several big hits have pushed him into the billionaire's club (he's actually worth an estimated $8.9 billion, according to Forbes).

    He's at it again. Icahn has been buying up shares of natural gas firm Chesapeake Energy (NYSE:CHK), and is gearing up some fresh cage rattling. Icahn just announced in a 13-D filing that his firm now owns 5.8% of the company and "intends to seek to continue to have conversations with the company's management to discuss the business & operations of the company and the maximization of shareholder value."  

  • Carl Icahn Recounts the Penzoil Texaco/Getty Oil Feud

    The Getty Oil takeover battle between Texaco and Pennzoil was probably one of the ugliest in Wall Street's history. In 1984, Texaco swooped in at the last minute with a winning bid before Pennzoil was able to finalize an already agreed-upon deal with Getty Oil.

    A furious Pennzoil filed suit and started a bitter legal feud that lasted for the following four years, which pushed Texaco into bankruptcy, until a settlement of $3 billion, brokered by Carl Icahn, was reached. At the time, Cal Icahn, a noted corporate raider and financier, accumulated over 13% of Texaco's stock in a failed attempt to take control of the board.  

  • Carl Icahn's Dynegy Power Struggle and Coming Showdown at Chesapeak Energy

    It has been a literal power struggle between Dynegy, Inc. (DNY) -- the third-largest U.S. independent power producer--and its investors. With weak natural gas prices dragging down power prices, Dynegy booked a net loss of $1.25 billion in 2009 and another $70 million loss in the first nine months of this year.

    Natgas Kills The Power  

  • Activist Investors Are Ready to Fight in 2011

    The Chinese Zodiac says 2011 is the Year of the Rabbit. According to tradition, it’s supposed to be a period of relative calm and diplomacy, where people should opt for negotiation, rather than forcing an issue.

    It would be nice if that happened. But don’t expect it to occur in the stock market.  

  • Carl Icahn Buys Mattel (MAT): What Does Icahn See in Mattel? And Should You Buy Mattel at $25?

    Carl Icahn recently bought 2.4 million shares of Mattel (NASDAQ:MAT). On average, Icahn paid $21.94 for his Mattel shares. The stock now trades at $25.64. That means Icahn already has a 17% gain on his investment in Mattel.

    Should you follow Carl Icahn into Mattel?  

  • Carl Icahn on Showdown with Lion Gate Entertainment Management

    The story of Carl Icahn’s investment in movie maker Lion Gate Entertainment (LGF) is getting more tense every day. Here is what he has to say today about the management of the company.


  • Carl Icahn Buys Masco (MAS): What Does Icahn See in the Stock? And Should You Buy Masco at $12 a Share?

    Carl Icahn recently bought 5 million shares of Masco (NYSE:MAS) at an average price of $10.84 a share. This is a new position for Carl Icahn. He joins fellow Gurus Richard Pzena and Arnold Van Den Berg in the stock. Pzena owns more than 6% of Masco.

    So what does Carl Icahn see in Masco?  

  • Carl Icahn is “Cautiously Optimitic”; Top Purchases: MOT, CHK, MENT, MAT, MAS

    Carl Icahn talked to CNBC this morning. He is “sort of bullish” and “cautiously optimistic” on the stock market, giving credit to Fed Chairman Ben Bernanke, who according to Icahn, did something brilliant. There is a lot of cash on the sideline and it is coming out to be put in use.

    Much of the CNBC interview is on Lion Gate (LGF), for which Icahn extended a buyout offer three times before and he has just extended again:  

  • Carl Icahn Buys MAT, MAS, DYN, CMC, CDNS, Sells APC, YHOO, MCRS, ESV

    This is the Q3 portfolio update of legendary activist investor Carl Icahn. He seems to see a lot of new opportunities.

    Carl Icahn likes to buy into distressed situations, then forces change in the company operations. He likes even better if the whole industry is distressed.  

  • Carl Icahn Encourages Lions Gate Entertainment to Merger with MGM while Opposes Blackstone's Buying out Dynergy

    Activist investor Carl Icahn is very busy these days. While he embattle with the management of Lion’s Gate Entertainment Corp. (LGF) in the court house over certain transactions, he actually expressed agreement on LGF’s proposal to merger with MGM. As if that is not enough, he disclosed his ownership of 9.95% in Dynergy and disclosed his opposition to Blackstone’s takeover bid.

    Here are two articles from Reuters on stories respectively:  

  • How to Invest With a Wall Street Legend

    An extremely valuable investment strategy is to keep tabs on what the major players on Wall Street are doing with their money. Warren Buffett, George Soros, Bill Gross, Mario Gabelli and Jeremy Grantham quickly come to mind -- especially considering they are more than willing to put their own money on the line. So does Carl Icahn.

    Icahn is an especially interesting subject, given his reputation as a corporate raider and activist shareholder willing to go head-to-head with management teams he deems inept or unable to maximize shareholder value. His moves have paid off -- Icahn is currently worth an estimated $10.5 billion dollars. Past moves that have paid off big include the sale of a handful of casinos in Nevada just as the market was crumbling in 2007. Reports put his proceeds at $1.3 billion -- $1 billion more than his purchase price. He has also been active in healthcare and succeeded in pushing MedImmune to be acquired by AstraZeneca (NYSE:AZN).  

  • Why Carl Icahn Keeps Buying The Hain Celestial Group Stocks

    The Hain Celestial Group, Inc. (NASDAQ:HAIN) manufacture, market, distribute and sell natural and organic products under brand names which are sold as “better-for-you” products, providing consumers with the opportunity to lead “A Healthy Way of LifeTM.” It is a leader in many natural and organic food categories, with such food brands as Earth’s Best® , Celestial Seasonings®, Terra®, Garden of Eatin’®, among many other. The company’s cleaning products are marketed under the Martha Stewart CleanTM brand.

    The company has enjoyed healthy growth during the past decade. On per share basis, revenue has grown at a 10.2% per year rate, even taking into account the decline in the most recent year.  

  • Carl Icahn's Favorite Stock -- Motorola

    Carl Icahn just can't help himself. Rather than sit patiently and wait for his large investment in Motorola (MOT) to ripen, he keeps pulling out his check book to buy another large block of the telecom giant's stock.

    In late August, he bought another $111 million worth of stock and now owns more than $1.8 billion or 10% of the entire company. He started buying when shares were on their way down to around $3 in early 2009, and he's been buying stock even as it has more than doubled off of those lows. Let's take a look at why he thinks Motorola is still nice at twice the price.  

  • Icahn in energy

    Carl Icahn has plowed $1 billion into energy stocks over the last 6 months according to his latest SEC filing. Says The NYTimes Dealbook column:

    [quote]Yet speculation is rife given the activist investor’s history with energy companies and his reputation for focusing on companies that he believes are undervalued and ripe for a shake-up in some way — with a restructuring or a sale among the possibilities.  

  • Carl Icahn Buys Anadarko Petroleum, Mentor Graphics, NRG Energy, Lawson Software Inc., Chesapeake Energy, Sells Adventrx Pharmaceuticals

    Activist invest Carl Icahn is very active these days. He initiated many new positions and added to the existing ones. These are the details of buys and sells for the second quarter.

    Carl Icahn owns 23 stocks with a total value of $3.7 billion. These are the details of the buys and sells.  

  • Icahn Sees Value in the Energy Patch

    As great investors often do it seems Carl Icahn stepped up in the second quarter of this year and made a big bet on the energy sector.  

  • Carl Icahn Discusses His Tender Offer for Lions Gate Entertainment

    Billionaire investor, Carl Icahn, shed light on his offer for Lions Gate Entertainment (LGF). Icahn’s offer is to buy the shares of the company for $7.00 per share. The offer is expiring by Tomorrow (Wednesday). Icahn said he is paying a premium for the stock and he in no way is going to extend the offer beyond Wednesday.

    Icahn said the company needs to change direction: instead of being a producer, it needs to confining itself to be a distributor.  

  • If Icahn buys BP…

  • Icahn and Lions Gate Entertainment Feud Intensifies

    “Lions Gate Entertainment Corp. may be flirting with bankruptcy, according to Carl Icahn, the billionaire investor attempting a hostile takeover of the movie studio.” – Business News Network 6/11/2010

    The contentious battle over control of Lions Gate Entertainment (LGF) has heated up between activist investor Carl Icahn and the current board of directors. The two parties have exchanged a series of open-letters regarding Icahn’s hostile bid to buy the company for $7 per share for the Vancouver-based movie studio and television producing unit; a price that the board believes is much too low. The latest development is that Icahn has made it known that he will not extend his $7 offer past the current deadline next Wednesday. Furthermore, he is looking to acquire 6.4 million shares currently held by Mark Cuban, which would push Icahn’s stake over the 20% threshold that may trigger a default on some of its debts. The Dallas Maverick’s owner has hinted that he may be interested in tendering his shares to Icahn. It seems the two parties are in a game of chicken and the remaining shareholders are just along for the ride.  

  • View on Carl Icahn

    Imp read on Carl Icahn Mentor Graphics Investment  

  • Carl Icahn Top Holdings: Motorola Inc., Biogen Idec Inc, Genzyme Corp. , Amylin Pharmaceuticals Inc. Lions Gate Entertainment Corp., TakeTwo Interactive Software Inc.

    Carl Icahn is known for his activist investing and his investment performance has been good: since inception of 2004, his partnership Icahn Captial returned a total of 41.3%, beating S&P500’s 5.9%. In 2009, the partnership returned 31.9%, also beating S&P 500, as he disclosed in his 4Q09 letter to shareholders (see a copy at the end of this articles).

    But Icahn did not necessarily achieved his good performance through stocks. According to GuruFocus, which tracks Icahn Capital Management’s long equity position together with that of 70+ other investment gurus, as of March 31, 2010, he held only 3.18 $billion allocated among 16 stocks. We know Icahn manages far more money than this amount. long equity position was only 15.4% of his total portfolio at Icahn Capital L.P.. The rest is long credit (34.6%), short equity and short credit.  

  • Carl Icahn Buys Chesapeake Energy Corp., Genzyme Corp., Motorola Inc., Taketwo Interactive Software Inc., Sells Blockbuster Inc., CIT Group Inc.

    Activist investor Carl Icahn likes to push restructuring in companies that are in distress. Interestingly, he just got into Chesapeake Energy. He got out of two positions: Blockbuster Inc., CIT Group Inc. Maybe he is tired of losing money with Blockbuster Inc. This is the Q1 portfolio update of Carl Icahn. Carl Icahn buys Chesapeake Energy Corp., sells Blockbuster Inc., Cit Group Inc., Ultrashort Real Estate during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Icahn Capital Management LP. Carl Icahn owns 16 stocks with a total value of $3.2 billion. These are the details of the buys and sells.

    For the details of Carl Icahn's stock buys and sells, go to  

  • Carl Icahn Comments On His Offer Lion Gate Entertainment Corp.

    Activist Investor Carl Icahn is making his move again. This time he is on the case of Lion Gate Entertainment Corp. (LGF). Looking to block Lions Gate from MGM Deal, Carl Icahn offered to buy the rest of the shares of LGF for $6.00 on March 19, 2010, a price only pennies above LGF’s then price. The offer, naturally, was rejected by the management.

    I think all the future shareholder-manager conflict should be debated on television:  

  • Lions Gate: Worth More Than Icahn’s Offering

    Lions Gate Entertainment (LGF), a motion picture and television programming studio, is at the center of an increasingly contentious takeover attempt by activist investor Carl Icahn. For starters, Icahn already owns about 19% of the company, but he is unsatisfied with the current managements’ plans for a merger with fellow movie studio Metro-Goldwyn-Mayer, Inc (aka MGM) which put itself up for sale after failing to make interest payments last year. So, on March 19th Icahn offered $6 per share to buy the rest of the studio, only three cents better than the previous day’s closing price. The Lions Gate board has roundly rejected that offering price from Icahn calling it “financially inadequate and coercive,” and urged investors to reject the bid as well.

    Icahn, never one to shy away from a fight, issued a statement this morning where he says Lions Gate management has failed investors as evidenced by the stagnant stock price. The company’s stock has been in a holding pattern, as the rest of the market has rallied over the last year Lions Gate has returned a measly 11% in the last twelve months.  

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