Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and pushes for change. During the second quarter of 2016, the guru increased several stakes. The following are the ones with the highest performance since being purchased.
Hertz Global Holdings Inc. (HTZ)
The guru raised his stake in Hertz Global Holdings by 200.00% during the second quarter and now holds 862,577 shares. Since then, the price of the stock has risen by 1,857%.
The company has a market cap of $3.83 billion and an enterprise value of $19.11 billion. It is engaged in car and truck rental and leasing and equipment rental with operations in North America, Europe, the United States, Canada and France.
The price of the stock has dropped by 5% over the past five years, by 19% since the beginning of the year and by 31% during the last 12 months. The stock is now 43.59% below its 52-week high and 62.75% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with an ROE of 13.10%, which is outperforming and an ROA of 1.19%, which is underperforming 66% of the companies in the global rental and leasing services industry.
Larry Robbins (Trades, Portfolio) is another notable shareholder among the gurus, with 0.14% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.03%, PRIMECAP Management (Trades, Portfolio) with 0.02% and Jim Simons (Trades, Portfolio) with 0.01%.
Xerox Corp. (XRX)
The guru increased his stake in Xerox Corp by 7.20% during the second quarter and now  holds 99,030,026 shares. Since then, the price of the stock has risen by 9%.
The company has a market cap of $10.51 billion and an enterprise value of $16.6 billion. It is engaged in business process and document management solutions. It provides services, technology and expertise to companies to focus on their core business and operate more effectively.
The price of the stock has risen by 15% over the past five years, but dropped by 4% since the beginning of the year and by 10% during the last 12 months. The stock is now 13.87% below its 52-week high and 16.39% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with an ROE of 4.32% and an ROA of 1.70%, which are under performing 58% of the companies in the global information technology services industry.
Another notable shareholder among the gurus is Joel Greenblatt (Trades, Portfolio) with 0.39% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.06%, Bernard Horn (Trades, Portfolio) with 0.04% and Manning & Napier Advisors, Inc with 0.03%.
Icahn Enterprises LP. (IEP)
The guru raised his stake in Icahn Enterprises by 2.54% during the second quarter and now  holds 123,551,872 shares. Since then, the price of the stock has risen by 10%.
The company has a market cap of $7.82 billion and an enterprise value of $14.39 billion. It is a diversified holding company owning subsidiaries engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion.
The price of the stock has risen by 43% over the past five years, but dropped by 9% since the beginning of the year and by 26% during the last 12 months. The stock is now 28.89% below its 52-week high and 36.12% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with an ROA of -47.41% and an ROE of -6.10%, which are underperforming 88% of the companies in the global conglomerates industry.
The largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 9.153% of outstanding shares, followed by Murray Stahl (Trades, Portfolio) with 2.6% and Jim Simons (Trades, Portfolio) with 0.04%.
Hologic Inc. (HOLX)
The investor reduced his stake in Hologic Inc by 35.32% during the second quarter and now  holds 10,234,951 shares. Since then, the price of the stock has risen by 12%.
The company has a market cap of $10.82 billion and an enterprise value of $13.82 billion. It is a developer, manufacturer and supplier of medical imaging systems and diagnostic and surgical products.
The price of the stock has risen by 136% over the past five years, by 3% since the beginning of the year, but dropped by 6% during the last 12 months. The stock is now 9.40% below its 52-week high and 22.36% above its 52-week low.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with an ROE of 12.47% and an ROA of 3.46%, which are outperforming 59% of the companies in the global medical instruments and supplies industry.
Another notable shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 2.63% of outstanding shares, followed by Kahn Brothers (Trades, Portfolio) with 0.48%, Jim Simons (Trades, Portfolio) with 0.46%, RS Investment Management (Trades, Portfolio) with 0.33% and Steven Cohen (Trades, Portfolio) with 0.2%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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