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Guru of the Year – Carl Icahn’s Top Five Holdings

Monica Wolfe

Monica Wolfe

129 followers

GuruFocus’ Guru of the Year for 2013 reported his first quarter portfolio holdings this week which highlighted 19 stocks valued at over $38.53 billion. This is a notable jump up from the company’s first quarter stocks which were valued at $32.3 billion. Over the past quarter the guru bought into one new company, Gannett Co (GCI) and sold out of Forest Laboratories (FRX).

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

Icahn Enterprises (IEP)

Icahn’s largest position is in Icahn Enterprises where he holds a massive 105,842,442 shares of the stock. His position takes up 27.4% of his total portfolio and 89.33% of the company’s shares outstanding.

During the second quarter Icahn upped his position 2.9% by purchasing an additional 2,984,791 shares of Icahn Enterprises’ stock. The guru purchased these shares in the quarterly price range of $98.29 to $104.06, with an estimated average quarterly price of $100.25. Since then the price per share has increased approximately 6.8%.

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 and Jim Simons (Trades, Portfolio) are the only gurus that hold a position in Icahn Enterprises.

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

Icahn Enterprises has a market cap of $12.85 billion. Its shares are currently trading at around $107.06 with a P/E ratio of 11.00, a P/S ratio of 0.56 and a P/B ratio of 8.30. The company also currently holds a dividend yield of 5.37%. The company had an annual average earnings growth of 6.90% over the past five years.

Hologic (HOLX)

The activist guru’s second largest holding is in Hologic where he holds on to 34,154,879 shares of the company’s stock. This position makes up for 17.8% of the guru’s total portfolio as well as 12.36% of the company’s shares outstanding.

The guru did not alter his holdings over the past quarter. His last move was in the fourth quarter of 2013, and since then the price per share is up about 16%.

Icahn’s historical holding history:

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Hologic is a developer, manufacturer and supplier of medical imaging systems and diagnostic and surgical products focused on the healthcare needs of women. The company's core business segments are focused on breast health, diagnostics, GYN surgical and skeletal health.

Hologic’s historical revenue and net income:

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The analysis on Hologic reports that the company’s asset growth is faster than its revenue growth, it’s price is near a 5-year high and its revenue per share has slowed down over the past five years.

There are currently eight gurus that hold a position in Hologic. Check out their holding histories here.

Hologic has a market cap of $7.1 billion. Its shares are trading at around $25.56 with a P/S ratio of 2.81 and a P/B ratio of 3.50.

Apple (APPL)

Icahn’s third largest holding is now in Apple where he holds on to 52,760,848 shares of the company’s stock. His position represents 12.7% of his total holdings as well as 0.88% of Apple’s total shares outstanding.

The guru did not alter his position over the past quarter. His last move was in the first quarter of 2014 and since then the price per share has jumped up an additional 28.8%.

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 Peter Lynch Chart suggests that the company is currently overvalued:

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Apple has a market cap of $586.69 billion. Its shares are currently trading at around $97.98 with a P/E ratio of 15.50, a P/S ratio of 3.42 and a P/B ratio of 4.50. The company currently holds a dividend yield of 1.85% and has seen an annual average earnings growth of 64.50% over the past ten years.

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

CVR Energy (CVI)

The guru’s fourth 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 8.9% 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 75% 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 $4.11 billion. Its shares are currently trading at around $47.36 with a P/E ratio of 17.40, a P/S ratio of 0.44 and a P/B ratio of 3.50. CVR Energy currently holds a dividend yield of 6.33%. The company had an annual average earnings growth of 54.40% over the past five years.

Federal-Mogul Holdings (FDML)

The guru’s fifth largest holding goes to Federal-Mogul where he holds on to 121,111,976 shares of the company’s stock. His position represents 6.9% 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 10.1%.

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.

The Peter Lynch Chart suggests that the company overvalued:

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Federal-Mogul has a market cap of $2.47 billion. Its shares are currently trading at around $16.48 with a P/S ratio of 0.35 and a P/E ratio of 44.10. Federal-Mogul had an annual average earnings growth of 0.50% over the past ten years.

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

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