Carl Icahn

Carl Icahn

Last Update: 06-19-2017

Number of Stocks: 16
Number of New Stocks: 1

Total Value: $19,937 Mil
Q/Q Turnover: 4%

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

Carl Icahn Watch

  • Apple Computers: Time to be Greedy While Others Are Fearful

    It appears the market is afraid of a possible slowdown in Apple’s (AAPL) growth in its next earnings and has dropped the stock from the $130s in 2015 to below $94 in February, a drop of 20%. This is shortsighted speculating rather than investing. It is time for value investors to be greedy.

    Forward estimates are not a science as we see by Morgan Stanley’s (NYSE:MS) note in March that said that, per its iPhone tracker, demand for the iPhone for the March quarter is tracking well ahead of the Street consensus. This is after it had lowered its price expectation by 12% in December 2015. This is why a value investor looks at the past actuals rather than forward estimates, which are a form of speculation.


  • Carl Icahn Raises Stake in AIG by More Than 3,000%

    Carl Icahn (Trades, Portfolio), whose net worth is estimated by Bloomberg to be $20.8 billion, focused most of his fourth-quarter trading activity on additions to existing stakes. He didn’t limit himself to additions, however. He also made two new buys and trimmed three existing stakes.

    Icahn’s most noteworthy fourth-quarter transaction was the increase of more than 3,003% to his stake in American International Group Inc. (NYSE:AIG), a New York-based insurance and financial services company. Icahn purchased 40,882,745 shares for an average price of $61.09 per share. The deal had an 8.6% impact on Icahn’s portfolio.


  • Icahn Removes 2 Directors, Cuts Stake in Nuance Communications

    Activist investor Carl Icahn (Trades, Portfolio) reported Tuesday that he trimmed his position in Nuance Communications (NASDAQ:NUAN) by 12.77%, and now holds 30,068,833 shares, or 9.88% of the company.

    Icahn sold 4,400,000 shares of the company for $20 per share. Nuance provides voice and language solutions for businesses. The stock has appreciated 41% over the past year and traded at $19.63 as of Thursday afternoon.


  • Whole Foods Market Update: Did I Make a Mistake?

    I’ve been holding Whole Foods Market (NASDAQ:WFM) for close to two years now, and it’s one of my bigger losers.

    In fact, it’s glaring at me with its ugly blood shot eyes, flashing -32%.


  • Carl Icahn Gets 7.7% Stake in New Manitowoc Spin-Off

    Carl Icahn (Trades, Portfolio) has reported receipt of 10,582,660 shares of equipment company Manitowoc Foodservice Inc. (NYSE:MFC), a spin-off that he helped orchestrate from the former farm equipment-slash-foodservice company, Manitowoc Co. Inc. (NYSE:MTW).

    Icahn sprung his classic campaign on Manitowoc in December 2014, taking a 7.77% stake and making known his aim to divide the company in two. The company acquiesced to Icahn’s plan (Larry Robbins (Trades, Portfolio) of Glenview Capital joined him on the endeavor) on Feb. 11. Shareholders received one free share of the new company for each share of the crane company they owned, meaning Icahn has an equal amount of shares of both companies.


  • 5 Most Popular S&P 500 Stocks

    The following were five of the most popular Standard & Poor's 500 stocks among the gurus during the fourth quarter, according to results from GuruFocus’ All-in-One Screener.

    Apple (NASDAQ:AAPL)


  • Apple Still a Great Long-Term Play

    Apple Inc. (NASDAQ:AAPL) has seen over $25 billion in market cap value wiped away thanks to slow iPhone growth and Carl Icahn (Trades, Portfolio) trimming his position. Clearly the global economy is slowing down, which is resulting in a slow down in iPhone sales. But this doesn't mean there isn't value in Apple. The company has over $200 billion in cash and has repurchased over a $100 billion dollars of its shares over the last few years. Apple has continued to increase its share repurchase program, which now stands at $180 billion. This has resulted in the company increasing debt to 20% of its balance sheet; however, the company produces more than enough in operating cash flow to pay this down with five years.

    Business overview


  • Icahn Holding American Railcar Selling at Major Discount

    American Railcar Industries Inc. (NASDAQ:ARII) is a North American designer and manufacturer of hopper and tank railcars operating in three segments: Manufacturing, Railcar Leasing, and Railcar Services.

    American Railcar dates back to the 1800’s when the Milton Car Works and 12 other railcar builders led by William Keeny Bixby of Missouri Car and Foundry formed the predecessor, the American Car and Foundry Company. It remained private until 2006, when American Railcar began trading on the Nasdaq.


  • Carl Icahn Sells Half of Stake in Mentor Graphics

    Carl Icahn (Trades, Portfolio) last week lightened his holding of Mentor Graphics (NASDAQ:MENT), an abortive activist target attempt from five years ago, as his money poured from his top holdings such as Cheniere Energy (LNG) and CVR Energy (NYSE:CVI).

    His sale of 8,060,145 shares of Mentor, or half his stake, on Friday netted him a hefty profit. The company paid him $18.12 per share, or $146 million in total, to repurchase the shares from him at the previous day’s closing price. Icahn reportedly paid between $8 and $11 when he accumulated the stake in 2010 and 2011.


  • Carl Icahn Buys AIG, Reduces Apple

    Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. The following were his most heavily weighted trades during the fourth quarter.

    Icahn increased his stake in American International Group Inc. (AIG) by 3003.16%, and the deal had an impact of 8.6% on the portfolio.


  • John Paulson, Icahn Pick to Join AIG Board

    Insurance giant American International Group Inc. (NYSE:AIG) today announced that it would expand its board of directors to accommodate two new seats and nominated fund managers John Paulson (Trades, Portfolio) and Samuel Merksamer to fill them.

    The board of directors agreed to increase its number of seats from 14 to 16 and to vote on Paulson, the president of Paulson & Co. and Merksamer, managing director of Icahn Capital LP, at the 2016 annual meeting of shareholders in May.


  • The Samurai Stock Market

    The strong ones in life are those who understand the meaning of the word patience. Patience means restraining one’s inclinations. There are seven emotions: joy, anger, anxiety, adoration, grief, fear and hate, and if a man does not give way to these he can be called patient. I am not as strong as I might be, but I have long known and practiced patience. And if my descendants wish to be as I am, they must study patience.” – Tokugawa Ieyasu


  • Carl Icahn Boosts Xerox Stake as Company Decides to Split, Give Him Board Seats

    Carl Icahn (Trades, Portfolio) increased his shareholding of Xerox (NYSE:XRX) in January, a filing revealed Friday as the company announced increased partnership with him and major changes in line with his vision for the company.

    Icahn’s funds purchased an additional 5,740,871 during the period from Jan. 4 to Jan. 8, at an average price of $10.05 per share. According to the filing, the purchases brought his total stake in the company to 92,377,043 shares, or 9.12% of its shares outstanding, and a boost of 12.2% from his last disclosure in December.


  • What Is David Einhorn Doing?

    Greenlight Capital’s David Einhorn (Trades, Portfolio) made a splash this week by seeking a seat on the board of troubled solar company SunEdison (SUNE). SunEdison’s stock is down nearly 90% since July, though Greenlight has been adding to its position since the beginning of this year and now owns about 6% of the company.

    While SunEdison is getting the headlines right now, I’m more interested in some of Einhorn’s other investments. Einhorn, like a lot of aggressive hedge fund managers, runs a concentrated long portfolio. So the movement of a single stock or two can have an outsized impact on his portfolio. And Einhorn — like a lot of value managers, myself included — has taken his lumps over the past year.


  • AIG Releases Plans for Changes, Shareholder Returns

    After close scrutiny from activist investor Carl Icahn (Trades, Portfolio), insurer American International Group (NYSE:AIG) today released its plans for the future of the firm which include some substantial changes but fall short of the leading shareholder's demands.

    Holding approximately 42 million shares of the outstanding stock of AIG, Icahn wrote an open letter to the firm’s management on Oct. 28 suggesting the firm break up into three independent companies. Outspoken in his suggestions, the activist investor’s urgings follow much speculation from shareholders and market experts on the optimal business structure for the firm, specifically following trends in the industry that have increased regulatory burdens for insurance companies.


  • AIG Responds to Icahn's Call for Breakup

    NEW YORK--(BUSINESS WIRE)--Jan. 19, 2016-- American International Group, Inc. (NYSE:AIG)(NYSE: AIG) today issued the following statement:

    AIG continues to take steps to narrow its focus, improve its financial performance, and return capital to shareholders. AIG maintains an active dialogue with shareholders, including Carl Icahn (Trades, Portfolio). As previously announced, on January 26, AIG will provide an update on its strategy and its proactive plan to drive shareholder value.  

  • Carl Icahn Sends Open Letter to AIG Board

    New York, New York, January 19, 2016 – Today Carl C. Icahn released the following open letter to the board of directors of American International Group, Inc. (NYSE:AIG)(NYSE: AIG):


  • Share Your Year-End Performance, Best Picks for 2016

    It’s a new year and we’re interested in hearing how GuruFocus members fared in 2015, a rather tough year for the market. What were your best holdings, which stocks were your largest detractors and what is your best idea for 2016? Share your picks in the comments area below.

    The gurus posted performances all across the spectrum. Carl Icahn (Trades, Portfolio), who was recently voted Guru of the Year by a landslide, had a busy 2015 with a multitude of activist moves involving companies like AIG (NYSE:AIG), Pep Boys (NYSE:PBY) and Cheniere Energy (LNG). Despite being down 2.8% through the third quarter, Icahn’s fund is still outperforming the S&P 500, which declined 8% over the same time frame.  

  • Is There Value in Apple?

    Apple (NASDAQ:AAPL) is a company that is incredibly difficult to value because of its short product cycles. Earnings are high, true, but they could fall back quickly if and when next year’s product isn’t a hit. Costs are always harder to scale back as quickly.

    Gurus I greatly respect like David Einhorn (Trades, Portfolio) and Carl Icahn (Trades, Portfolio) have taken up their allocations to 20%-plus levels. Meanwhile, I have consistently underestimated how well Apple would do given its meteoric rise over the past decade.


  • Carl Icahn Wins Title of 'Guru of the Year'

    Carl Icahn (Trades, Portfolio) has won Guru of the Year for 2015.

    The investor garnered 43.9% of GuruFocus reader votes, almost twice that of the leading competitor. Other gurus who earned nominations this year were Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B)’s two money managers Ted Weschler and Todd Combs, Lou Simpson (Trades, Portfolio), John Malone and Bill Nygren (Trades, Portfolio).


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