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GuruFocus Guru of the Year Carl Icahn's Top Fourth Quarter Holdings

Monica Wolfe

Monica Wolfe

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GuruFocus’ Guru of the Year for 2013 reported his fourth quarter portfolio holdings today which highlighted 18 stocks valued at over $30.4 billion. This is a significant jump up from the company’s third quarter stocks which were valued at $24.6 billion. Over the past quarter the guru bought into one new company, Hologic (HOLX), and sold out of Take-Two Interactive Software (TTWO).

The following five companies are Icahn’s top portfolio holdings as of the close of the fourth quarter.

Icahn Enterprises LP (IEP)

Icahn’s largest position is in Icahn Enterprises where he holds a massive 101,872,900 shares of the stock. His position takes up 36.6% of his total portfolio and 90.64% of the company’s shares outstanding.

During the fourth quarter Icahn upped his position 1.43% by purchasing an additional 1,436,503 shares of Icahn Enterprises’ stock. The guru purchased these shares in the quarterly price range of $81.00 to $148.53, 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 $12.8 billion. Its shares are currently trading at around $112.40 with a P/E ratio of 15.20, a P/S ratio of 0.60 and a P/B ratio of 2.20. The company also currently holds a dividend yield of 4.00%.

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 10.2% 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 38% 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 Peter Lynch Chart suggests that CVR Energy is currently undervalued:

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CVR Energy has a market cap of $3.26 billion. Its shares are currently trading at around $37.52 with a P/E ratio of 7.60, a P/S ratio of 0.40 and a P/B ratio of 2.60. CVR Energy currently holds a dividend yield of 5.90%. The company had an annual average earnings growth of 32.90% over the past five years.

Apple (AAPL)

Icahn’s third largest holding is now in Apple where he holds on to 4,730,739 shares of the company’s stock. His position represents 8.7% of his total holdings as well as 0.52% of Apple’s total shares outstanding.

The guru upped his position in the company 22.08% by purchasing an additional 855,676 shares of the company’s stock. He bought these shares near the estimated average quarterly price of 528.97. Since his buy the price per share has gone up approximately 2.7%.

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 Peter Lynch Chart suggests that the company is currently undervalued:

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Apple has a market cap of $485.23 billion. Its shares are currently trading at around $543.99 with a P/E ratio of 13.60, 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.

Federal-Mogul Corp (FDML)

The guru’s fourth 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.

The guru did not alter his position in the company over the past quarter. But since his last buy in the third quarter the price per share is up about 13.1%.

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.

Federal-Mogul has a market cap of $2.54 billion. Its shares are currently trading at around $16.93 with a P/S ratio of 0.30 and a P/B ratio of 2.00.

Forest Laboratories (FRX)

Icahn’s fifth largest position is in Forest Laboratories where he holds on to 30,662,005 shares. This position makes up for 6% of his total portfolio as well as 11.4% of the company’s shares outstanding.

Icahn did not change his holdings over the past quarter. He last made a buy in the third quarter of 2012.

Carl Icahn (Trades, Portfolio)’s historical holding history:

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Forest Laboratories develops, manufactures and sells branded forms of ethical drug products most of which require a physician's prescription.

Forest Laboratories’ historical revenue and net income:

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The analysis on Forest Laboratories reports that the company has no debt, its revenue has been in decline over the past three years and its price is sitting at a 5-year high.

Also over the past year the company named a new President and CEO. Forest Laboratories named former CEO of Bausch + Lomb Brenton Saunders as the company’s new leader. Saunders took on his new role on Oct. 1, 2013.

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

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Forest Laboratories has a market cap of $18.73 billion. Its shares are currently trading at around $69.14 with a P/S ratio of 5.70 and a P/B ratio of 3.10.

Check out Carl Icahn’s complete fourth quarter holdings here.

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