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Carl Icahn’s Top Held Stocks

November 18, 2013 | About:
Monica Wolfe

Monica Wolfe

127 followers
Carl Icahn had a busy third quarter, highlighted by losing his battle to Michael Dell and fighting for more share buybacks with Apple. The guru made notable moves by selling out of his positions in WebMD, Hain Celestial and Dell and buying in to Apple and Talisman Energy over the past quarter.

Icahn’s most recent portfolio update includes 18 stocks valued at $24.635 billion. The following five companies represent Icahn’s top five heaviest weighted stocks held in his Icahn Capital Management portfolio.

Icahn Enterprises LP (IEP)

Icahn’s largest position is in Icahn Enterprises where he holds a massive 100,436,406 shares of the stock. His position takes up 33.9% of his total portfolio and 89.36% of the company’s shares outstanding.

During the third quarter Icahn upped his position 1.23% by purchasing an additional 1,222,582 shares of Icahn Enterprises’ stock. The guru purchased these shares in the quarterly price range of $71.05 to $83.27, with an estimated average quarterly price of $75.27. Since then the price per share has jumped up approximately 58.7%.

Icahn’s historical holding history:

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Icahn Enterprises LP is a diversified holding company owning subsidiaries engaged in the following continuing operating businesses: Investment, Automotive, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. The Company owns a 99% limited partner interest in Icahn Enterprises Holdings L.P., or Icahn Enterprises Holdings.

Icahn Enterprises’ historical revenue and net income:

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The analysis on Icahn Enterprises reports that the company is currently trading near its 10-year high in price, its P/S ratio is near a 5-year high and it has been in operating loss over the past few years.

Carl Icahn and Murray Stahl are the only gurus that hold a position in Icahn Enterprises. Stahl holds on to 4,057,779 shares representing 4.6% of his total assets managed and 3.61% of the company’s shares outstanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Icahn Enterprises has a market cap of $13.19 billion. Its shares are currently trading at around $115.83 with a P/E ratio of 16.00, a P/S ratio of 0.70 and a P/B ratio of 2.20. The company also currently holds a dividend yield of 3.90%.

CVR Energy (CVI)

The guru’s second largest position goes to CVR Energy where he holds on to 71,198,718 shares of the company’s stock. His holdings make up for 11.1% of his total portfolio and 82% of the company’s shares outstanding.

Icahn has not altered his position in CVR Energy since 2012Q2. The guru has also seen average gains of 39% on his shares bought.

Icahn’s historical holding history:

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CVR Energy is a diversified holding company. The company is engaged in petroleum refining and nitrogen fertilizer manufacturing industries through its holdings. Its business segment includes: petroleum and nitrogen fertilizer.

CVR Energy’s historical revenue and net income:

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The analysis on CVR Energy reports that the company’s operating margin is expanding, its dividend yield is at a 1-year high and its price is near a 1-year low. The analysis also notes that the company has a high Piotroski F-Score, representing a very healthy situation.

The top guru shareholders of CVR Energy:

1. Carl Icahn: 71,198,718 shares, representing 82% of the company’s shares outstanding.

2. John Hussman: 350,000 shares, representing 0.4% of the company’s shares outstanding.

3. Joel Greenblatt: 319,128 shares, representing 0.37% of the company’s shares outstanding.

The Peter Lynch Chart suggests that CVR Energy is currently undervalued:

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CVR Energy has a market cap of $3.23 billion. Its shares are currently trading at around $37.24 with a P/E ratio of 7.40, a P/S ratio of 0.40 and a P/B ratio of 2.60. CVR Energy currently holds a dividend yield of 6.10%. The company had an annual average earnings growth of 35.60% over the past five years.

Federal-Mogul Corp (FDML)

The guru’s third largest holding goes to Federal-Mogul where he holds on to 121,111,976 shares of the company’s stock. His position represents 8.3% of his total holdings as well as 80.73% of the company’s shares outstanding.

During the past quarter Icahn upped his stake 57.91% by purchasing a total of 44,414,172 shares of the company’s stock. He bought these shares in the price range of $9.92 to $17.33, with an estimated average quarterly price of $14.97. Since then the price per share has increased approximately 33.3%.

Icahn’s historical holding history:

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Federal-Mogul Corporation is supplier of technology for vehicle and industrial products for fuel economy, emissions reduction and safety systems. It supplies components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and energy, industrial and transportation markets.

Federal-Mogul’s historical revenue and net income:

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The analysis on Federal-Mogul reports that the company’s revenue has been in decline over the past year, its price is near a 2-year high as is its P/S ratio.

Top guru shareholders of Federal-Mogul:

1. Carl Icahn: 121,111,976 shares, representing 80.73% of the company’s shares outstanding.

2. Mario Gabelli: 5,912,682 shares, representing 3.94% of the company’s shares outstanding.

3. John Keeley: 2,391,250 shares, representing 1.59% of the company’s shares outstanding.

Federal-Mogul has a market cap of $2.99 billion. Its shares are currently trading at around $19.95 with a P/S ratio of 0.30 and a P/B ratio of 2.40.

Apple (AAPL)

Icahn bought in to Apple over the past quarter and made it his fourth largest position. The guru holds on to 3,875,063 shares of the company’s stock. His position represents 7.5% of his total holdings as well as 0.43% of Apple’s total shares outstanding.

The guru bought in to Apple in the third quarter price range of $402.88 to $507.74, with an estimated average quarterly price of $464.25 per share. Since his buy the price per share has gone up approximately 12.8%.

Icahn’s historical holding history:

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Apple designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals, and networking solutions.

Apple’s historical revenue and net income:

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The analysis on Apple reports that the company’s revenue has slowed over the past year, its asset growth is notably faster than its revenue growth and its operating margin is expanding.

The top guru shareholders of Apple:

1. Carl Icahn: 3,875,063 shares, representing 0.43% of the company’s shares outstanding.

2. David Einhorn: 2,397,706 shares, representing 0.26% of the company’s shares outstanding.

3. Ken Fisher: 1,540,133 shares, representing 0.17% of the company’s shares outstanding.

The Peter Lynch Chart suggests that the company is currently undervalued:

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Apple has a market cap of $466.63 billion. Its shares are currently trading at around $518.63 with a P/E ratio of 13.00, a P/S ratio of 2.90 and a P/B ratio of 3.70. The company currently holds a dividend yield of 2.30% and has seen an annual average earnings growth of 60.10% over the past ten years.

GuruFocus rated Apple the business predictability rank of 4.5-star.

Netflix (NFLX)

The guru’s third quarter, fifth largest holding is in Netflix where he holds on to 5,541,066 shares of the company’s stock. Netflix is one of Icahn’s greatest stock holdings, gaining an average of 355% on his shares bought since 2012Q3. Icahn’s holdings in the company make up for 7% of his total portfolio as well as 9.40% of the company’s shares outstanding.

Icahn has not altered his position in the company since 2012Q4 when he added over 4.2 million shares to his stake.

The guru’s historical holding history:

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Netflix is the world's largest internet television network. The company is organized in to three operating segments: domestic streaming, international streaming and domestic DVD.

Netflix’s historical revenue and net income:

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The analysis on Netflix reports that the company’s revenue has slowed down over the past year, its price is near a 10-year high and its asset growth is currently faster than its revenue growth.

Top guru shareholders of Netflix as of the close of the third quarter:

1. Carl Icahn: 5,541,066 shares, representing 9.4% of the company’s shares outstanding. (As of Oct. 22, Icahn holds 4.52% of the company’s shares outstanding)

2. Chris Davis: 512,826 shares, representing 0.87% of the company’s shares outstanding.

3. Chase Coleman: 440,000 shares, representing 0.75% of the company’s shares outstanding.

Netflix has a market cap of $20.25 billion. Its shares are currently trading at around $341.77 with a P/E ratio of 286.20, a P/S ratio of 5.00 and a P/B ratio of 16.70. The company had an annual average earnings growth of 44.90% over the past ten years.

GuruFocus rated the company the business predictability rank of 5-star.

Check out Icahn’s complete third quarter holdings here.

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