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Carl Icahn's Top 3 Second Quarter Portfolio Increases

August 16, 2013 | About:
Monica Wolfe

Monica Wolfe

129 followers
Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one.

As of the close of the second quarter, Carl Icahn held 19 stocks valued at $21.516 billion.



Increases: DELL, NUAN, CVRR, RIG, HLF, IEP

Dell Inc. (DELL)

Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell. The guru made his largest increase of the quarter in Dell, upping his position by 2078.27%. During the second quarter Icahn purchased 145,478,650 shares in the price range of $13.09 to $14.32, with an estimated average price of $13.54. The share price has increased approximately 1.3% since then.

Icahn currently holds 156,478,650 shares of Dell, representing 8.96% of the company’s shares outstanding and 9.5% of his total portfolio.

Icahn’s holding history as of the second quarter:

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The company offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs.

Dell’s historical revenue and net income:

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The Peter Lynch Chart suggests that Dell is currently undervalued:

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Dell has a market cap of $24.28 billion. Its shares are currently trading at around $13.82 with a P/E ratio of 13.00, a P/S ratio of 0.40 and a P/B ratio of 2.20. Dell has the business predictability rank of 3-star.

Nuance Communications (NUAN)

During the second quarter Icahn upped his stake in Nuance by 727.59%. Icahn purchased these shares in the second quarter price range of $18.12 to $23.30, with an estimated average price of $19.68. The price per share has dropped approximately 3%.

Icahn now holds 50,940,395 shares of Nuance, representing 16.11% of the company’s shares outstanding and 2.7% of his total portfolio.

Icahn’s holding history as of the second quarter:

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The company is a provider of voice and language solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems.

Nuance’s historical revenue and net income:

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Nuance Communications has a market cap of $5.91 billion. Its shares are currently trading at around $19.04 with a P/E ratio of 173.20, a P/S ratio of 3.30 and a P/B ratio of 2.30. The company had an annual average earnings growth of 23.1% over the past ten years.

GuruFocus rated the business predictability rank of 3.5-star.

CVR Refining (CVRR)

During the second quarter Icahn increased his position in CVR Refining by 50%. The guru purchased 2 million shares at an estimated average quarterly price of $31.09. The price per share has dropped approximately -14.1% since then.

As of the second quarter, Icahn held 6 million shares of CVR Refining, representing 4.07% of the company’s shares outstanding and 0.84% of his total portfolio.

Icahn’s holding history as of the second quarter:

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CVR Refining is an independent downstream energy company with crude oil refining, gathering and refined petroleum product marketing operations located in the Midwest.

CVR Refining’s historical revenue and net income:

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CVR Refining has a market cap of $3.94 billion. Its shares are currently trading at around $26.70 with a P/S ratio of 0.90, a P/E ratio of 7.30 and a P/B ratio of 2.20.

Check out Carl Icahn’s current portfolio here.

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Rating: 2.0/5 (4 votes)

Comments

vgm
Vgm - 1 year ago
According to an SEC filing Aug 16, Icahn has upped his CHK holding from 9% to 10%.

Long CHK

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