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Carl Icahn

Carl Icahn

Last Update: 2013-05-15

Number of Stocks: 19
Number of New Stocks: 4

Total Value: $16,957 Mil
Q/Q Turnover: 10%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Carl Icahn's Profile & Performance

Profile

Carl Icahn is an activist investor. He takes minority stakes in public companies and typically pushes for change. He invests with three investment vehicles: the 7 billion hedge fund, Icahn Partners, American Real Estate Partners (AREP), a public traded private equity firm, and ICAHN MANAGEMENT LP, a $2 billion hedge fund. GuruFocus tracks the third portfolio, which covers all the stocks owned by Icahn Partners. Mr. Icahn has a personal wealth of $17 billion.

Web Page:http://www.icahnenterprises.com/

Investing Philosophy

Mr. Icahn buys beaten-down assets that nobody else wants, usually out of bankruptcy, then fixes them up and sells them when they are back in favor. Regarding to his style, explains Icahn: The consensus thinking is generally wrong. If you go with a trend, the momentum always falls apart on you. So I buy companies that are not glamorous and usually out of favor. It is even better if the whole industry is out of favor.

Total Holding History

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Top Ranked Articles

Activist Investor Carl Icahn on Genzyme Deal
Carl Icahn is famous for being an activist investor, where he buys a big stake in a corporation that enables him to influence the board. He has said, “I make all these billions because there are so many companies with problems that can be easily fixed.” So he is one kind of investor who involves himself in the decision making process of the company. He comes in and restructures/fixes the company's problems to drive its share price much higher. Read more...
Activist Investor Carl Icahn Bought Into Chesapeake Energy Carl Icahn - Activist Investor Carl Icahn Bought Into Chesapeake Energy
Activist billionaire investor Carl Icahn just reported that his funds have bought an aggregate amount of 50 million shares of Chesapeake Energy (CHK), which is about 7.56% of total shares outstanding. Carl Icahn started to buy the shares on April 19 at $18 a share and has added to the positions as the stock prices collapsed to around $14. His last purchase was on yesterday, May 24. His average cost is about $15.7 a share. Today Chesapeake stock closed at $15.99. Read more...
Talks of Carl Icahn Getting a Piece of Herbalife, Joining Loeb in Long Position Carl Icahn,Daniel Loeb,Bill Ackman - Talks Of Carl Icahn Getting A Piece Of Herbalife, Joining Loeb In Long Position
After fellow activist investor, Daniel Loeb set off the media earlier this week with his declaration to obtain a long position in Herbalife (HLF), a company that Pershing Square’s Bill Ackman just shorted weeks ago, corporate raiding Guru Carl Icahn has been reported yesterday afternoon of joining Loeb in taking a piece of the action. Read more...
Billionaire Icahn's Bid for Clorox
Clorox has recently rejected the $10 billion bid of billionaire Carl Icahn as the bid seemed too low for the firm. Read more...
Carl Icahn Publishes Letter to Investors and Comments on CIT Group Inc., Motorola Inc., Biogen Idec Inc., Trump Entertainment Resorts Inc. Carl Icahn Publishes Letter to Investors and Comments on HoldingsCarl Icahn - Carl Icahn Publishes Letter To Investors And Comments On CIT Group Inc., Motorola Inc., Biogen Idec Inc., Trump Entertainment Resorts Inc.
Carl Icahn is known for his activist investing. Thanks to Zerohedge who made a copy of Icahn 4Q09 Letter to Icahn Partners LP Investors available at www.scribd.com. One can get a glimpse of what’s happened with his investments and what goes on in his mind. GuruFocus tracks Icahn Capital Management’s long equity position. As of December 31, 2009, we record 2.87 $billion allocated among 18 stocks. We know Icahn manages far more money than this amount. As disclosed in his letter (Page 3), long equity position is only 15.4% of the total portfolio. The rest is long credit (34.6%), short equity and short credit. His investment performance has been good: since inception of 2004, the partnership returned a total of 41.3%, beating S&P500’s 5.9%. In 2009, the partnership returned 31.9%, also beating S&P 500. Read more...
» More Carl Icahn Articles

Commentaries and Stories

  • Currently 2.67/5

Rating: 2.7/5 (3 votes)

Carl Icahn - Michael Dell Should Not Be Dell's CEO
Icahn says that we need more than a bit of a cultural change at Dell (DELL). Michael Dell is no longer the guy to run this company. More...

  • Currently 4.15/5

Rating: 4.2/5 (13 votes)

CARL ICAHN: 'I Don't See Jim Chanos On The Forbes 400 List' Carl Icahn - CARL ICAHN: 'I Don't See Jim Chanos On The Forbes 400 List'
"I've been on the other side of him [Chanos] many times and I've made fortunes being against him," said Icahn. "I don't mean this in a derrogatory way, but I don't see Chanos on the Forbes 400 list," he said. More...

  • Currently 4.00/5

Rating: 4.0/5 (4 votes)

Carl Icahn Walks Us Through His Offer to Acquire Dell
Icahn thinks that the Michael Dell offer for Dell (DELL) that the board of directors has approved is a great giveaway. Instead he and Southeastern Asset Management are proposing a leveraged recapitalization. Icahn's offer involves shareholders getting $12.65 per share in cash and a share in the recapitalized Dell which will earn $0.89 in the first year (according to Icahn). If you put a 10 multiple on that $0.89 the recapitalized Dell could trade for over $8. In the interview below Icahn discusses the Dell takeover, Herbalife and Jim Chanos who has a short position in Dell. More...

  • Currently 2.60/5

Rating: 2.6/5 (5 votes)

Real-Time Review of Three Trades Carl Icahn,Edward Lampert - Real-Time Review Of Three Trades
According to GuruFocus Real Time Picks, these are some of the Guru trades listing in the last 24 hours and a look at how the companies are performing: More...

HOME IMPROVEMENT STORES, BROADCASTING - TV, HOUSEHOLD & PERSONAL PRODUCTS


  • Currently 2.25/5

Rating: 2.3/5 (4 votes)

Icahn Increases Voice Recognition NUAN at 52-Week Low Carl Icahn - Icahn Increases Voice Recognition NUAN At 52-Week Low
The GuruFocus 52-week low screener reveals that Nuance Communications Inc. (NUAN) is at a 52-week low of $18.94 (high was $25.89). According to the GuruFocus Value Screen for 52-week lows, NUAN is 26.8% off the high. But activist investor Guru Carl Icahn of Icahn Capital Management is putting his dough on this amazing voice recognition and imaging systems company that, in hindsight, has made television's old “The Jetsons” cartoon look like a kind of inspirational blueprint for today’s talking cars and interactive smart phones. More...

SOFTWARE - APPLICAITON


  • Currently 2.50/5

Rating: 2.5/5 (2 votes)

Forbes India Profiles Corporate Raider Carl Icahn
From Forbes India, a profile of Carl Icahn: More...

  • Currently 3.80/5

Rating: 3.8/5 (5 votes)

Carl Icahn Guest Lecture At Yale University
I'll let Carl Icahn introduce himself (from his site "The Icahn Report"): I was born in Brooklyn and grew up in Far Rockaway, Queens. My father was a frustrated opera singer and settled on being a cantor in Cedarhurst, Long Island. The fact that he was a dogmatic atheist did not exactly help him to get ahead in this profession and after a number of years he became a substitute teacher. My mother also worked as a schoolteacher. I attended the local public school, Far Rockaway High, later heading to Princeton University. My mother wanted me to be a doctor, so after earning an A.B. in Philosophy in 1957, I went to medical school. I quickly realized the medical field was not for me. After two years, I joined the army and soon after eagerly returned to New York to start a career on Wall Street. My career began in 1961, as a Registered Representative with Dreyfus & Company. I learned options and convertible arbitrage and built up a large business. By 1968 I bought a seat on the New York Stock Exchange and started Icahn & Co. Inc., a brokerage firm. In 1978, I began taking control positions in individual companies. Over the years, I have taken positions in various corporations including: RJR Nabisco, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, American Can, USX, Marvel, ImClone, Federal-Mogul, Kerr-McGee, Medimmune, BEA Systems and Time Warner. I became Chairman of Bayswater Realty & Capital Corp. in 1979; and Chairman of ACF Industries, Inc. in 1984 among others. Today, I am Chairman of Icahn Enterprises, a diversified holding company engaged in a variety of businesses, including investment management, metals, real estate, and consumer goods. I have been the Chairman of American Railcar Industries since 1994 and a Director of Blockbuster since May 2005. I became Chairman of ImClone Systems in 2006. In January 2008, I became the Chairman of Federal-Mogul. My wife Gail and I serve on the boards of my foundations. They include Icahn Charitable Foundation, Foundation for a Greater Opportunity, and Children’s Rescue Fund. Working with the Foundation for a Greater Opportunity, I founded three charter schools located in the South Bronx. The 2007 New York State English Language and Arts Exams show 80% of the kids at the Carl C. Icahn charter school passing the exam testing 36.7% higher than the neighborhood average and 97% passing the exam 37.5% higher in Math. In addition, we sponsor the Icahn Scholars Program at Choate Rosemary Hall. The Children’s Rescue Fund started the Icahn House in The Bronx, a 65-unit complex for homeless families housing single pregnant women and single women with children, and operates Icahn House East, a homeless shelter located in New York City. In the video below Icahn shares his time speaking with the kids at Yale University: More...

Yale Universtiy


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

60 Minutes Profiles Carl Icahn
Pushing for change at Chesapeake Energy and Herbalife, battling head to head on CNBC with Bill Ackman... Carl Icahn isn't your run-of-the-mill senior citizen. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Bill Nygren Commentary on Oakmark Fund, First Quarter 2013
The Oakmark Fund increased by 10% in the past quarter, bringing the gain for the first half of our fiscal year to 13%. The S&P 500 also increased significantly, up 11% and 10% for the quarter and six months, respectively. Despite these increases, we believe stocks remain moderately undervalued relative to their own history and extremely undervalued versus bonds. More...

Computers, Pharmaceutical


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Carl Icahn Writes Letter to Transocean Shareholders - Wants A Dividend Increase
How does Icahn get any sleep? He seems to be publicly active with a new company every week — Herbalife, Chesapeake, Dell (potential acquisition). More...

  • Currently 4.00/5

Rating: 4.0/5 (6 votes)

A Luddite Consumer Perspective - Icahn’s New Mega Buy, NUAN Carl Icahn - A Luddite Consumer Perspective - Icahn’s New Mega Buy, NUAN
In 1926 Nikola Tesla, scientist, futurist and inventor, stated: "When wireless is perfectly applied the whole earth will be converted into a huge brain, which in fact it is, all things being particles of a real and rhythmic whole." In the 1960s philosopher Marshall McLuhan’s vision of technology in a media-dominated global village was that it translates "our entire lives into the spiritual form of information" and unifies the entire globe and the human family into a single consciousness. More...

VOICE RECOGNITION, SMARTPHONES, TECHNOLOGY


  • Currently 3.50/5

Rating: 3.5/5 (4 votes)

Carl Icahn’s 4 Biggest Dividend Stock Holdings
Super investors made a great return in the past and they got very rich. Not all started to make money with little stock trading. Some of them made big deals with huge loans. They took the risk and won the game. More...

  • Currently 3.75/5

Rating: 3.8/5 (4 votes)

Dell Gets Higher Bids from Carl Icahn and Blackstone While Dollar General Beats and Raises Outlook
U.S. equity markets continue to hover around record territory and might get a push into record territory as a last minute deal was agreed to in Cyprus that would shut down its second largest bank and inflict losses on uninsured depositors in exchange for a 10 billion euro bailout. Despite the deal, markets continue to be modestly overvalued in my opinion. Two ratios I use to gauge market valuations is the overall Market-Cap/GDP valuation which indicates the market is set to return a measly 3% at current levels and the Shiller P/E which currently stands at 23, which is well above its historical mean of 16.5. More...

  • Currently 3.00/5

Rating: 3.0/5 (3 votes)

Gurus Gabelli and Icahn Own Large Chunks of Navistar
Navistar sounds like the GPS company but it isn’t. The global manufacturer of International brand commercial trucks, large vehicles, and diesel engines Navistar International Corp. (NAV) is one stock on the keep-buying lists of Gurus Mario Gabelli and Carl Icahn. The GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli owns 4,463,160 shares of NAV, valued as $97 million, as of Dec. 31, 2012. His NAV holdings account for 0.71% of his equity portfolio. More...

LARGE VEHICLE AND ENGINE MANUFACTURER, DIESEL ENGINES


  • Currently 3.45/5

Rating: 3.5/5 (11 votes)

Billionaire Carl Icahn: Pitbull At The Gate, Dell (DELL), Herbalife (HLF) And More
Be sure to check out our detailed stock analysis (click here). It seems everywhere we look, Carl Icahn is nipping at some company's heels, getting ready to bite. He is the ultimate alpha investor. The CBS program "60 Minutes" profiled him in August 2008 and called his effect on a company's share price the “Icahn Lift.” The premise behind this is that Icahn boosts the value of a company's share price for other investors when he buys stock in that particular company (check out all of Icahn's stock picks). More...

HEDGE FUNDS, CARL ICAHN


  • Currently 3.00/5

Rating: 3.0/5 (7 votes)

Carl Icahn Adds HLF as Herbalife War Erupts Carl Icahn,Joel Greenblatt - Carl Icahn Adds HLF As Herbalife War Erupts
In his sixth add of Herbalife Ltd. (HLF) since his buy on Feb. 4, 2013, Guru Carl Icahn again increased his stake by 2.01% on March 8, 2013, for a total current shares of 16,355,131. Icahn is listed as 10% owner of Herbalife Ltd. The current price of HLF is $40.38, with a change from average down 3%. Founded in 1980, Herbalife Ltd. is a leading provider of weight management and nutritional supplements operating in 72 countries through a network of 2 million independent distributors. More...

NUTRITIONAL SUPPLEMENTS


  • Currently 3.75/5

Rating: 3.8/5 (4 votes)

Express Down 10% on Weak Guidance and Ackman Praises NCL's Plea for Herbalife Investigation
U.S. markets are slightly positive in early trading after February retail sales numbers increased the most in five months, adding more bullishness to the current rally. The Commerce Department said on Wednesday retail sales increased 1.1% and revised the January figures to an increase of 0.2%. Economists were expecting an increase of 0.5%. After the report, stock futures turned green after initially indicating a red open. More...

  • Currently 2.90/5

Rating: 2.9/5 (10 votes)

Carl Icahn Boosts Stake in Herbalife and S&P Nears Record Territory
The Dow Jones Industrial Average (DJIA) continues to make new highs and it looks like it will make a new record high thanks to a very strong employment report in which February non-farm payroll numbers increased 236,000, easily beating the 160,000 economists were expecting. At the same time, the unemployment rate fell to 7.7%, its lowest rate since December 2008. Construction jobs continue to be strong as that sector of the economy added 48,000 new jobs in February and 25,000 new jobs in January. With these numbers, the Dow is poised to end the week on a strong note and in record territory. The S&P 500 is also very close to making new highs. The all-time closing high in the S&P is 1,565 and the intraday high is 1,576. More...

  • Currently 2.33/5

Rating: 2.3/5 (3 votes)

Carl Icahn Builds Dell Stake and Time Inc. Is Set to Get Spun Off After Deal Breaks Down
The Dow Jones Industrial Average continues to make new all-time highs and the S&P 500 isn’t too far behind as labor figures continue to come in following yesterday’s ADP number. Today jobless claims, the number of Americans filing new claims for unemployment benefits, unexpectedly fell by 7,000 to a seasonally adjusted 340,000. Economist were expecting jobless claims of 355,000. The Labor Department is expected to release its employment report tomorrow. More...

  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

Icahn on Bloomberg TV: I thank Ackman for Herbalife oppty
Carl Icahn spoke with Trish Regan on Bloomberg Television today and said that he is "excited" about the agreement with Herbalife (HLF) to add two of his nominees to the company's board. Icahn said, "We have a good rapport with them…We like them." More...

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