This is the Q3 portfolio update of legendary activist investor Carl Icahn. He seems to see a lot of new opportunities.
Carl Icahn likes to buy into distressed situations, then forces change in the company operations. He likes even better if the whole industry is distressed.
Carl Icahn buys Motorola Inc., Chesapeake Energy Corp., Mentor Graphics Corp., Mattel Inc., Masco Corp., Hain Celestial Group Inc., Lawson Software Inc., Dynegy Inc., Commercial Metals Company, Lions Gate Entertainment Corp., Cadence Design Systems Inc., Hain Celestial Group Inc..
He sells Anadarko Petroleum Corp., Yahoo! Inc., Micros Systems Inc., Ensco International Inc., Smith & Wesson Holding Corp, Wendy's International Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Icahn Capital Management LP.
As of 09/30/2010, Icahn Capital Management LP owns 22 stocks with a total value of $5 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Carl Icahn
Added: Motorola Inc. (MOT)
Carl Icahn added to his holdings in Motorola Inc. by 12.76%. His purchase prices were between $6.48 and $8.68, with an estimated average price of $7.79. The impact to his portfolio due to this purchase was 3.85%. His holdings were 200,341,729 shares as of 09/30/2010.
Motorola, Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. Motorola Inc. has a market cap of $18.23 billion; its shares were traded at around $7.81 with a P/E ratio of 23 and P/S ratio of 0.8.
Added: Chesapeake Energy Corp. (CHK)
Carl Icahn added to his holdings in Chesapeake Energy Corp. by 30.64%. His purchase prices were between $20.04 and $22.56, with an estimated average price of $21.29. The impact to his portfolio due to this purchase was 1.76%. His holdings were 16,643,030 shares as of 09/30/2010.
Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $14.37 billion; its shares were traded at around $21.96 with a P/E ratio of 7.2 and P/S ratio of 1.9. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.
Added: Mentor Graphics Corp. (MENT)
Carl Icahn added to his holdings in Mentor Graphics Corp. by 107.5%. His purchase prices were between $8.29 and $11, with an estimated average price of $9.63. The impact to his portfolio due to this purchase was 1.41%. His holdings were 12,896,232 shares as of 09/30/2010.
MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. Mentor Graphics Corp. has a market cap of $1.22 billion; its shares were traded at around $11.15 with a P/E ratio of 123.9 and P/S ratio of 1.5.
Added: Hain Celestial Group Inc. (HAIN)
Carl Icahn added to his holdings in Hain Celestial Group Inc. by 73.78%. His purchase prices were between $19.56 and $24.7, with an estimated average price of $21.78. The impact to his portfolio due to this purchase was 1.02%. His holdings were 5,040,577 shares as of 09/30/2010.
The Hain Celestial Group is a natural, specialty and snack food company. Hain Celestial Group Inc. has a market cap of $1.11 billion; its shares were traded at around $25.9 with a P/E ratio of 23.5 and P/S ratio of 1.2.
Added: Lawson Software Inc. (LWSN)
Carl Icahn added to his holdings in Lawson Software Inc. by 72.96%. His purchase prices were between $7.27 and $8.4, with an estimated average price of $7.86. The impact to his portfolio due to this purchase was 0.94%. His holdings were 13,159,546 shares as of 09/30/2010.
Lawson Software, Inc. is a provider of enterprise software solutions targeting specific services industries. Lawson Software Inc. has a market cap of $1.36 billion; its shares were traded at around $8.32 with a P/E ratio of 26.9 and P/S ratio of 1.9. Lawson Software Inc. had an annual average earning growth of 42.7% over the past 5 years.
Added: Lions Gate Entertainment Corp. (LGF)
Carl Icahn added to his holdings in Lions Gate Entertainment Corp. by 11.6%. His purchase prices were between $6.03 and $7.38, with an estimated average price of $6.81. The impact to his portfolio due to this purchase was 0.54%. His holdings were 35,713,655 shares as of 09/30/2010.
Lions Gate Entertainment is a leading, diversified independent producer and distributor of motion pictures, home entertainment, television programming, animation and video-on-demand content. Lions Gate Entertainment Corp. has a market cap of $1000 million; its shares were traded at around $7.34 with and P/S ratio of 0.6.
New Purchase: Mattel Inc. (MAT, Financial)
Carl Icahn initiated holdings in Mattel Inc.. His purchase prices were between $20.66 and $23.76, with an estimated average price of $21.93. The impact to his portfolio due to this purchase was 1.13%. His holdings were 2,425,520 shares as of 09/30/2010.
Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers anddirect to consumers. Mattel Inc. has a market cap of $8.74 billion; its shares were traded at around $24.33 with a P/E ratio of 13.6 and P/S ratio of 1.7. The dividend yield of Mattel Inc. stocks is 3.1%. Mattel Inc. had an annual average earning growth of 4% over the past 10 years.
New Purchase: Masco Corp. (MAS, Financial)
Carl Icahn initiated holdings in Masco Corp.. His purchase prices were between $10.05 and $11.93, with an estimated average price of $10.84. The impact to his portfolio due to this purchase was 1.1%. His holdings were 5,022,080 shares as of 09/30/2010.
Masco Corporation is the country's manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Masco Corp. has a market cap of $3.98 billion; its shares were traded at around $11.11 with a P/E ratio of 41.2 and P/S ratio of 0.5. The dividend yield of Masco Corp. stocks is 2.7%.
New Purchase: Dynegy Inc. (DYN, Financial)
Carl Icahn initiated holdings in Dynegy Inc.. His purchase prices were between $2.78 and $5.1, with an estimated average price of $4.25. The impact to his portfolio due to this purchase was 0.93%. His holdings were 9,600,001 shares as of 09/30/2010.
Dynegy Inc. is a provider of energy products and services in North America, the United Kingdom and in continental Europe. Dynegy Inc. has a market cap of $605.4 million; its shares were traded at around $5.02 with a P/E ratio of 6.1 and P/S ratio of 0.2.
New Purchase: Commercial Metals Company (CMC, Financial)
Carl Icahn initiated holdings in Commercial Metals Company. His purchase prices were between $12.39 and $14.85, with an estimated average price of $13.87. The impact to his portfolio due to this purchase was 0.71%. His holdings were 2,457,052 shares as of 09/30/2010.
Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Commercial Metals Company has a market cap of $1.62 billion; its shares were traded at around $14.16 with and P/S ratio of 0.3. The dividend yield of Commercial Metals Company stocks is 3.4%.
New Purchase: Cadence Design Systems Inc. (CDNS, Financial)
Carl Icahn initiated holdings in Cadence Design Systems Inc.. His purchase prices were between $5.65 and $7.83, with an estimated average price of $6.87. The impact to his portfolio due to this purchase was 0.44%. His holdings were 2,864,000 shares as of 09/30/2010.
Cadence Design Systems, Inc. provides comprehensive software and othertechnology and offers design and methodology services for the productdevelopment requirements of the world's electronics companies. Cadence Design Systems Inc. has a market cap of $2.16 billion; its shares were traded at around $8.12 with a P/E ratio of 18.4 and P/S ratio of 2.6.
Sold Out: Anadarko Petroleum Corp. (APC, Financial)
Carl Icahn sold out his holdings in Anadarko Petroleum Corp.. His sale prices were between $38.07 and $57.68, with an estimated average price of $50.49.
Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $31.2 billion; its shares were traded at around $63.03 with a P/E ratio of 40.7 and P/S ratio of 3.5. The dividend yield of Anadarko Petroleum Corp. stocks is 0.6%. Anadarko Petroleum Corp. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 2-star.
Sold Out: Yahoo! Inc. (YHOO, Financial)
Carl Icahn sold out his holdings in Yahoo! Inc.. His sale prices were between $13.109 and $15.52, with an estimated average price of $14.06.
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $21.9 billion; its shares were traded at around $16.24 with a P/E ratio of 27.5 and P/S ratio of 3.4.
Sold Out: Micros Systems Inc. (MCRS, Financial)
Carl Icahn sold out his holdings in Micros Systems Inc.. His sale prices were between $32.46 and $42.54, with an estimated average price of $37.29.
MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Micros Systems Inc. has a market cap of $3.48 billion; its shares were traded at around $43.41 with a P/E ratio of 28.9 and P/S ratio of 3.8. Micros Systems Inc. had an annual average earning growth of 24.5% over the past 10 years. GuruFocus rated Micros Systems Inc. the business predictability rank of 4.5-star.
Sold Out: Ensco International Inc. (ESV, Financial)
Carl Icahn sold out his holdings in Ensco International Inc.. His sale prices were between $40.2 and $46.64, with an estimated average price of $42.93.
Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $6.86 billion; its shares were traded at around $47.96 with a P/E ratio of 11.8 and P/S ratio of 3.5. The dividend yield of Ensco International Inc. stocks is 1.6%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
Sold Out: Smith & Wesson Holding Corp (SWHC)
Carl Icahn sold out his holdings in Smith & Wesson Holding Corp. His sale prices were between $3.57 and $4.13, with an estimated average price of $3.82.
Smith & Wesson Holding Corporation is one of the world's producers of quality handguns, law enforcement products and firearm safety and security products. Smith & Wesson Holding Corp has a market cap of $230 million; its shares were traded at around $3.835 with a P/E ratio of 11.6 and P/S ratio of 0.6.
Sold Out: Wendy's International Inc. (WEN)
Carl Icahn sold out his holdings in Wendy's International Inc.. His sale prices were between $3.89 and $4.69, with an estimated average price of $4.26.
WENDY'S/ARBY'S GROUP, Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. Wendy's International Inc. has a market cap of $1.92 billion; its shares were traded at around $4.59 with a P/E ratio of 23 and P/S ratio of 0.6. The dividend yield of Wendy's International Inc. stocks is 1.4%.
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Carl Icahn likes to buy into distressed situations, then forces change in the company operations. He likes even better if the whole industry is distressed.
Carl Icahn buys Motorola Inc., Chesapeake Energy Corp., Mentor Graphics Corp., Mattel Inc., Masco Corp., Hain Celestial Group Inc., Lawson Software Inc., Dynegy Inc., Commercial Metals Company, Lions Gate Entertainment Corp., Cadence Design Systems Inc., Hain Celestial Group Inc..
He sells Anadarko Petroleum Corp., Yahoo! Inc., Micros Systems Inc., Ensco International Inc., Smith & Wesson Holding Corp, Wendy's International Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Icahn Capital Management LP.
As of 09/30/2010, Icahn Capital Management LP owns 22 stocks with a total value of $5 billion. These are the details of the buys and sells.
- New Purchases: MAT, MAS, DYN, CMC, CDNS,
- Added Positions: MOT, CHK, MENT, HAIN, LWSN, LGF,
- Sold Out: APC, YHOO, MCRS, ESV, SWHC, WEN,
This is the sector weightings of his portfolio:
| Technology | 39.4% |
| Health Care | 38.6% |
| Oil & Gas | 7.5% |
| Consumer Goods | 5.5% |
| Consumer Services | 5.2% |
| Industrials | 1.1% |
| Utilities | 1% |
| Basic Materials | 0.7% |
These are the top 5 holdings of Carl Icahn
- Motorola Inc. (MOT) - 200,341,729 shares, 34.05% of the total portfolio. Shares added by 12.76%
- Genzyme Corp. (GENZ) - 10,480,000 shares, 14.78% of the total portfolio.
- Biogen Idec Inc (BIIB) - 12,860,205 shares, 14.38% of the total portfolio.
- Chesapeake Energy Corp. (CHK) - 16,643,030 shares, 7.51% of the total portfolio. Shares added by 30.64%
- Amylin Pharmaceuticals Inc. (AMLN) - 12,971,328 shares, 5.39% of the total portfolio.
Added: Motorola Inc. (MOT)
Carl Icahn added to his holdings in Motorola Inc. by 12.76%. His purchase prices were between $6.48 and $8.68, with an estimated average price of $7.79. The impact to his portfolio due to this purchase was 3.85%. His holdings were 200,341,729 shares as of 09/30/2010.
Motorola, Inc. is a global leader in providing integrated communications solutions and embedded electronic solutions. Motorola Inc. has a market cap of $18.23 billion; its shares were traded at around $7.81 with a P/E ratio of 23 and P/S ratio of 0.8.
Added: Chesapeake Energy Corp. (CHK)
Carl Icahn added to his holdings in Chesapeake Energy Corp. by 30.64%. His purchase prices were between $20.04 and $22.56, with an estimated average price of $21.29. The impact to his portfolio due to this purchase was 1.76%. His holdings were 16,643,030 shares as of 09/30/2010.
Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $14.37 billion; its shares were traded at around $21.96 with a P/E ratio of 7.2 and P/S ratio of 1.9. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.
Added: Mentor Graphics Corp. (MENT)
Carl Icahn added to his holdings in Mentor Graphics Corp. by 107.5%. His purchase prices were between $8.29 and $11, with an estimated average price of $9.63. The impact to his portfolio due to this purchase was 1.41%. His holdings were 12,896,232 shares as of 09/30/2010.
MENTOR GRAPHICS CORP. designs, manufactures, markets and supports electronic design automation (EDA) software for the integrated circuit and systems design markets. Mentor Graphics Corp. has a market cap of $1.22 billion; its shares were traded at around $11.15 with a P/E ratio of 123.9 and P/S ratio of 1.5.
Added: Hain Celestial Group Inc. (HAIN)
Carl Icahn added to his holdings in Hain Celestial Group Inc. by 73.78%. His purchase prices were between $19.56 and $24.7, with an estimated average price of $21.78. The impact to his portfolio due to this purchase was 1.02%. His holdings were 5,040,577 shares as of 09/30/2010.
The Hain Celestial Group is a natural, specialty and snack food company. Hain Celestial Group Inc. has a market cap of $1.11 billion; its shares were traded at around $25.9 with a P/E ratio of 23.5 and P/S ratio of 1.2.
Added: Lawson Software Inc. (LWSN)
Carl Icahn added to his holdings in Lawson Software Inc. by 72.96%. His purchase prices were between $7.27 and $8.4, with an estimated average price of $7.86. The impact to his portfolio due to this purchase was 0.94%. His holdings were 13,159,546 shares as of 09/30/2010.
Lawson Software, Inc. is a provider of enterprise software solutions targeting specific services industries. Lawson Software Inc. has a market cap of $1.36 billion; its shares were traded at around $8.32 with a P/E ratio of 26.9 and P/S ratio of 1.9. Lawson Software Inc. had an annual average earning growth of 42.7% over the past 5 years.
Added: Lions Gate Entertainment Corp. (LGF)
Carl Icahn added to his holdings in Lions Gate Entertainment Corp. by 11.6%. His purchase prices were between $6.03 and $7.38, with an estimated average price of $6.81. The impact to his portfolio due to this purchase was 0.54%. His holdings were 35,713,655 shares as of 09/30/2010.
Lions Gate Entertainment is a leading, diversified independent producer and distributor of motion pictures, home entertainment, television programming, animation and video-on-demand content. Lions Gate Entertainment Corp. has a market cap of $1000 million; its shares were traded at around $7.34 with and P/S ratio of 0.6.
New Purchase: Mattel Inc. (MAT, Financial)
Carl Icahn initiated holdings in Mattel Inc.. His purchase prices were between $20.66 and $23.76, with an estimated average price of $21.93. The impact to his portfolio due to this purchase was 1.13%. His holdings were 2,425,520 shares as of 09/30/2010.
Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers anddirect to consumers. Mattel Inc. has a market cap of $8.74 billion; its shares were traded at around $24.33 with a P/E ratio of 13.6 and P/S ratio of 1.7. The dividend yield of Mattel Inc. stocks is 3.1%. Mattel Inc. had an annual average earning growth of 4% over the past 10 years.
New Purchase: Masco Corp. (MAS, Financial)
Carl Icahn initiated holdings in Masco Corp.. His purchase prices were between $10.05 and $11.93, with an estimated average price of $10.84. The impact to his portfolio due to this purchase was 1.1%. His holdings were 5,022,080 shares as of 09/30/2010.
Masco Corporation is the country's manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Masco Corp. has a market cap of $3.98 billion; its shares were traded at around $11.11 with a P/E ratio of 41.2 and P/S ratio of 0.5. The dividend yield of Masco Corp. stocks is 2.7%.
New Purchase: Dynegy Inc. (DYN, Financial)
Carl Icahn initiated holdings in Dynegy Inc.. His purchase prices were between $2.78 and $5.1, with an estimated average price of $4.25. The impact to his portfolio due to this purchase was 0.93%. His holdings were 9,600,001 shares as of 09/30/2010.
Dynegy Inc. is a provider of energy products and services in North America, the United Kingdom and in continental Europe. Dynegy Inc. has a market cap of $605.4 million; its shares were traded at around $5.02 with a P/E ratio of 6.1 and P/S ratio of 0.2.
New Purchase: Commercial Metals Company (CMC, Financial)
Carl Icahn initiated holdings in Commercial Metals Company. His purchase prices were between $12.39 and $14.85, with an estimated average price of $13.87. The impact to his portfolio due to this purchase was 0.71%. His holdings were 2,457,052 shares as of 09/30/2010.
Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Commercial Metals Company has a market cap of $1.62 billion; its shares were traded at around $14.16 with and P/S ratio of 0.3. The dividend yield of Commercial Metals Company stocks is 3.4%.
New Purchase: Cadence Design Systems Inc. (CDNS, Financial)
Carl Icahn initiated holdings in Cadence Design Systems Inc.. His purchase prices were between $5.65 and $7.83, with an estimated average price of $6.87. The impact to his portfolio due to this purchase was 0.44%. His holdings were 2,864,000 shares as of 09/30/2010.
Cadence Design Systems, Inc. provides comprehensive software and othertechnology and offers design and methodology services for the productdevelopment requirements of the world's electronics companies. Cadence Design Systems Inc. has a market cap of $2.16 billion; its shares were traded at around $8.12 with a P/E ratio of 18.4 and P/S ratio of 2.6.
Sold Out: Anadarko Petroleum Corp. (APC, Financial)
Carl Icahn sold out his holdings in Anadarko Petroleum Corp.. His sale prices were between $38.07 and $57.68, with an estimated average price of $50.49.
Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $31.2 billion; its shares were traded at around $63.03 with a P/E ratio of 40.7 and P/S ratio of 3.5. The dividend yield of Anadarko Petroleum Corp. stocks is 0.6%. Anadarko Petroleum Corp. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 2-star.
Sold Out: Yahoo! Inc. (YHOO, Financial)
Carl Icahn sold out his holdings in Yahoo! Inc.. His sale prices were between $13.109 and $15.52, with an estimated average price of $14.06.
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc. has a market cap of $21.9 billion; its shares were traded at around $16.24 with a P/E ratio of 27.5 and P/S ratio of 3.4.
Sold Out: Micros Systems Inc. (MCRS, Financial)
Carl Icahn sold out his holdings in Micros Systems Inc.. His sale prices were between $32.46 and $42.54, with an estimated average price of $37.29.
MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Micros Systems Inc. has a market cap of $3.48 billion; its shares were traded at around $43.41 with a P/E ratio of 28.9 and P/S ratio of 3.8. Micros Systems Inc. had an annual average earning growth of 24.5% over the past 10 years. GuruFocus rated Micros Systems Inc. the business predictability rank of 4.5-star.
Sold Out: Ensco International Inc. (ESV, Financial)
Carl Icahn sold out his holdings in Ensco International Inc.. His sale prices were between $40.2 and $46.64, with an estimated average price of $42.93.
Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco International Inc. has a market cap of $6.86 billion; its shares were traded at around $47.96 with a P/E ratio of 11.8 and P/S ratio of 3.5. The dividend yield of Ensco International Inc. stocks is 1.6%. Ensco International Inc. had an annual average earning growth of 23.9% over the past 10 years. GuruFocus rated Ensco International Inc. the business predictability rank of 3.5-star.
Sold Out: Smith & Wesson Holding Corp (SWHC)
Carl Icahn sold out his holdings in Smith & Wesson Holding Corp. His sale prices were between $3.57 and $4.13, with an estimated average price of $3.82.
Smith & Wesson Holding Corporation is one of the world's producers of quality handguns, law enforcement products and firearm safety and security products. Smith & Wesson Holding Corp has a market cap of $230 million; its shares were traded at around $3.835 with a P/E ratio of 11.6 and P/S ratio of 0.6.
Sold Out: Wendy's International Inc. (WEN)
Carl Icahn sold out his holdings in Wendy's International Inc.. His sale prices were between $3.89 and $4.69, with an estimated average price of $4.26.
WENDY'S/ARBY'S GROUP, Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. Wendy's International Inc. has a market cap of $1.92 billion; its shares were traded at around $4.59 with a P/E ratio of 23 and P/S ratio of 0.6. The dividend yield of Wendy's International Inc. stocks is 1.4%.
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