Carl Icahn Icahn Carl
Carl Icahn is one of the most famous activist investors in U.S. markets, with decades of campaigns to change corporate strategy, capital allocation, and leadership. Through Icahn-related entities he has taken large stakes in companies he views as undervalued or poorly run. His approach combines financial engineering, board engagement, and public pressure to unlock shareholder value.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WBT
Welbilt, Inc.
WBT
|
+$154M |
| 2 |
American International
AIG
|
+$118M |
| 3 |
Xerox
XRX
|
+$58.1M |
| 4 |
Icahn Enterprises
IEP
|
+$39.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.82B |
| 2 |
HOLX
Hologic
HOLX
|
+$1.09B |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$573M |
| 4 |
TGNA
TEGNA Inc
TGNA
|
+$326M |
| 5 |
PayPal
PYPL
|
+$305M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 51.01% |
| 2 | Financials | 17.97% |
| 3 | Industrials | 11.11% |
| 4 | Consumer Discretionary | 7.32% |
| 5 | Materials | 5.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $7.42B | 34.55% |
117,719,185
+685,367
| +0.6% | +$39.4M |
|
|
2
American International
AIG
$39.8B
| $2.4B | 11.18% |
44,422,186
+2,178,115
| +5% | +$118M |
|
3
CVR Energy
CVI
$3.97B
| $1.86B | 8.65% |
71,198,718
| – | – |
|
|
4
PayPal
PYPL
$52.7B
| $1.46B | 6.8% |
37,828,419
-8,442,951
| -18% | -$305M |
|
|
FDML
5
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $1.37B | 6.37% |
138,590,141
| – | – |
|
6
Cheniere Energy
LNG
$57.3B
| $1.11B | 5.15% |
32,680,490
| – | – |
|
7
Freeport-McMoran
FCX
$110B
| $1.08B | 5.01% |
104,000,000
| – | – |
|
8
Herbalife
HLF
$1.33B
| $1.05B | 4.87% |
34,000,000
| – | – |
|
|
9
Xerox
XRX
$381M
| $1.03B | 4.8% |
35,057,088
+2,254,561
| +7% | +$58.1M |
|
10
Herc Holdings
HRI
$5.41B
| $671M | 3.12% |
21,236,361
| – | – |
|
|
NUAN
11
DELISTED
Nuance Communications, Inc.
NUAN
| $562M | 2.62% |
34,729,502
-35,476,738
| -51% | -$573M |
|
|
ARII
12
DELISTED
American Railcar Industries, Inc.
ARII
| $484M | 2.25% |
11,871,268
| – | – |
|
|
CHK
13
DELISTED
Chesapeake Energy Corporation
CHK
| $301M | 1.4% |
365,250
| – | – |
|
|
NAV
14
DELISTED
Navistar International
NAV
| $204M | 0.95% |
16,272,524
| – | – |
|
15
Transocean
RIG
$6.61B
| $196M | 0.91% |
21,477,900
| – | – |
|
|
WBT
16
DELISTED
Welbilt, Inc.
WBT
| $156M | 0.73% |
+10,582,660
| New | +$154M |
|
|
CVRR
17
DELISTED
CVR Refining, LP
CVRR
| $72.5M | 0.34% |
6,000,000
| – | – |
|
18
Manitowoc
MTW
$710M
| $45.8M | 0.21% |
2,645,665
-9,037,168
| -77% | -$131M |
|
|
VLTC
19
DELISTED
Voltari Corporation
VLTC
| $18.7M | 0.09% |
4,739,620
| – | – |
|
|
ENZN
20
DELISTED
ENZON PHARMACEUTICALS INC
ENZN
| $2.77M | 0.01% |
5,904,863
| – | – |
|
|
SSE
21
DELISTED
SEVENTY SEVEN ENERGY INC COM
SSE
| $2.75M | 0.01% |
4,746,421
| – | – |
|
|
22
Apple
AAPL
$4.51T
| – | – |
-183,043,392
| Closed | -$4.82B |
|
|
HOLX
23
DELISTED
Hologic
HOLX
| – | – |
-28,154,879
| Closed | -$1.09B |
|
|
TGNA
24
DELISTED
TEGNA Inc
TGNA
| – | – |
-19,956,039
| Closed | -$326M |
|
|
MENT
25
DELISTED
Mentor Graphics Corp
MENT
| – | – |
-16,120,289
| Closed | -$297M |
|
Similar funds
Carl Icahn's Q1 2016 Portfolio in Review
As of Q1 2016, Carl Icahn held 27 positions worth $21.5B, down 27% from $29.4B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Carl Icahn withdrew a net $7.4B in Q1 2016, closing 6 positions and reducing 3 holdings. Its most notable exit was Apple, an estimated $4.82B position sold in full.
By sector, the portfolio is most concentrated in Energy at 51% of assets, up from 40% a quarter earlier, followed by Financials and Industrials.
Against the trend, Carl Icahn opened a new position in Welbilt, Inc. worth $156M.
- Carl Icahn's largest Q1 2016 buy was Welbilt, Inc.: 10,582,660 shares worth $156M.
- Carl Icahn added most to American International in Q1 2016, an estimated $118M increase.
- Carl Icahn's biggest Q1 2016 reduction was Nuance Communications, Inc., cutting an estimated $573M.
- Carl Icahn fully exited Apple in Q1 2016, selling an estimated $4.82B.
- Carl Icahn's ten largest holdings make up 90% of its $21.5B portfolio in Q1 2016.
- Carl Icahn opened 1 new position and closed 6 in Q1 2016.
- Carl Icahn's portfolio value fell 27% quarter-over-quarter to $21.5B.
Based on Icahn Carl's 13F filing for Q1 2016, filed 16 May 2016.