Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. The following were his heavily weighted trades in the first quarter:
The guru closed his stake in Apple Inc. (AAPL) with an impact of -16.36% on the portfolio.
The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content.
During the second quarter revenue was $50.6 billion and quarterly net income of $1.90 per diluted share compared to revenue of $58 billion and net income of $2.33 per diluted share, in the year-ago quarter.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 40.05% and ROA of 17.80% that are outperforming 97% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.69 that is below the industry median of 1.43.
Ken Fisher (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.21% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.21%, Warren Buffett (Trades, Portfolio) with 0.18%, Pioneer Investments (Trades, Portfolio) with 0.16%, David Einhorn (Trades, Portfolio) with 0.15% and Jeremy Grantham (Trades, Portfolio) with 0.13%.
The investor exited his stake in Hologic Inc. (HOLX) with an impact of -3.7% on the portfolio.
The company is a developer, manufacturer and supplier of medical imaging systems and diagnostic and surgical products serving women's health care needs.
GAAP diluted earnings per share (EPS) increased 41.2% and non-GAAP diluted EPS increased 14.6%. Revenue grew 5.8% on a reported basis and 6.3% on a constant currency basis.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 9.74% and ROA of 2.68% that are outperforming 55% of the companies in the Global Medical Instruments & Supplies industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.09 that is below the industry median of 1.69.
Following Icahn's divestiture Vanguard Health Care Fund (Trades, Portfolio) was Hologic's leading shareholder among the gurus with 2.08% of outstanding shares followed by Kahn Brothers (Trades, Portfolio) with 0.48%, Jim Simons (Trades, Portfolio) with 0.45%, RS Investment Management (Trades, Portfolio) with 0.33% and Steven Cohen (Trades, Portfolio) with 0.2%.
The guru reduced his stake in Nuance Communications Inc. (NUAN) by 50.53% with an impact of -2.08% on the portfolio.
The company is a provider of voice recognition solutions and natural language understanding technologies. It offers its solutions to banks, hospitals, airlines, carriers and car manufacturers.
In the first quarter, Nuance delivered strong revenue, non-GAAP EPS and cash flow from operations in which non-GAAP revenue was $494.9 million compared to $489.0 million in the first quarter of fiscal 2015.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -3.14% and ROA of -1.26% that are underperforming 70% of the companies in the Global Software - Application industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.14 that is below the industry median of 12.34.
PRIMECAP Management (Trades, Portfolio) is the second-largest shareholder of the company among the gurus with 5% of outstanding shares followed by Simons with 1.14%, Pioneer Investments (Trades, Portfolio) with 0.45%, Fisher with 0.27%, Ray Dalio (Trades, Portfolio) with 0.18% and Joel Greenblatt (Trades, Portfolio) with 0.05%.
The investor exited his stake in Tegna Inc. (TGNA) with an impact of -1.11% on the portfolio.
The company is an international media and marketing solutions company and diverse local content providers in the U.S. It operates in segments including Broadcasting and Digital.
During the first quarter non-GAAP earnings from continuing operations had an 88% year-over-year increase. Adjusted EBITDA grew 16% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 16.44% and ROA of 4.50% that are outperforming 65% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.02 that is below the industry median of 1.64.
The largest shareholder among the gurus is Diamond Hill Capital (Trades, Portfolio) with 3.92% of outstanding shares followed by John Rogers (Trades, Portfolio) with 3.14%, Manning & Napier Advisors Inc. with 2.26%, Greenblatt with 0.78%, John Keeley with 0.19%, Pioneer Investments (Trades, Portfolio) with 0.14%, Simons with 0.13% and Grantham with 0.05%.
The guru reduced in PayPal Holdings Inc. (PYPL) by 18.25% with an impact of -1.04% on the portfolio.
The company is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants.
First-quarter revenue had a growth of 19% and GAAP operating margin grew 16% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 10.80% and ROA of 4.93% that are outperforming 62% of the companies in the Global Credit Services industry. Financial strength has a rating of 6 out of 10 with no debt.
Icahn is the company's largest shareholder among the gurus with 3.12% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 0.86%, Manning & Napier Advisors with 0.61%, Seth Klarman (Trades, Portfolio) with 0.58%, PRIMECAP Management (Trades, Portfolio) with 0.56% and David Rolfe (Trades, Portfolio) with 0.39%.
The investor closed his stake in Pep Boys - Manny Moe & Jack (PBY) with an impact of -0.41% on the portfolio.
The company together with its subsidiaries offers automotive repair and maintenance services and sells automotive tires, parts and accessories through a chain of stores.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -1.61% and ROA of -0.57% that are underperforming 82% of the companies in the Global Auto Parts industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.37 that is below the industry median of 0.72.
The investor exited his stake in Mentor Graphics Corp. (MENT) with an impact of -1.01% on the portfolio.
The company is a supplier of electronic design automation systems. It provides software and hardware design solutions to the communications, computer, consumer electronics, semiconductor, networking, military and aerospace and transportation industries.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 7.26% and ROA of 4.71% that are outperforming 55% of the companies in the Global Software - Application industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.79 that is below the industry median of 12.34.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.95% of outstanding shares followed by Fisher with 1.62%, Private Capital (Trades, Portfolio) with 1.18%, Chuck Royce (Trades, Portfolio) with 1.16%, Greenblatt with 0.93% and Simons with 0.37%.
The guru increased his stake in American International Group Inc. (AIG) by 5.16% with an impact of 0.55% on the portfolio.
The company through its subsidiaries provides insurance and related services in the U.S. and abroad.
During the first quarter normalized ROE increased by 110 basis points to 8.9% from the first quarter of 2015, and the company returned $4.0 billion to shareholders.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -0.46% and ROA of -0.09% that are underperforming 85% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.05 that is far below the industry median of 9,999.0.
HOTCHKIS & WILEY is the company's second-largest shareholder among the gurus with 1.5% of outstanding shares followed by John Paulson (Trades, Portfolio) with 1%, First Pacific Advisors (Trades, Portfolio) with 0.98%, Steven Romick (Trades, Portfolio) with 0.84%, First Eagle Investment (Trades, Portfolio) with 0.74% and Bill Nygren (Trades, Portfolio) with 0.64%.
The guru closed his stake in Gannett Co. Inc. (GCI) with an impact of -0.36% on the portfolio.
The company is engaged in providing commercial printing, newswire, marketing and data services operations.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 13.96% and ROA of 6.16% that are outperforming 53% of the companies in the Global Publishing industry. Financial strength has a rating of 6 out of 10 with no debt.
The largest shareholder among the gurus is Rogers with 1.63% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.49%, Greenblatt with 0.48%, Grantham with 0.44%, Simons with 0.06% and Paul Tudor Jones (Trades, Portfolio) with 0.04%.
Start a free seven-day trial of Premium Membership to GuruFocus.
