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 |
Icahn Enterprises
IEP
|
+$594M |
| 2 |
Conduent
CNDT
|
+$301M |
| 3 |
Herbalife
HLF
|
+$20.7M |
| 4 |
NAV
Navistar International
NAV
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FDML
Federal-Mogul Holdings Corporation
FDML
|
+$1.43B |
| 2 |
Xerox
XRX
|
+$370M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$274M |
| 4 |
AGN
Allergan plc
AGN
|
+$89.3M |
| 5 |
PayPal
PYPL
|
+$76.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 51.31% |
| 2 | Financials | 21.11% |
| 3 | Industrials | 11.07% |
| 4 | Consumer Staples | 6.67% |
| 5 | Materials | 6.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $7.2B | 36.12% |
140,524,155
+10,525,105
| +8% | +$594M |
|
2
American International
AIG
$39.8B
| $2.85B | 14.29% |
45,644,982
| – | – |
|
3
Cheniere Energy
LNG
$57.3B
| $1.54B | 7.75% |
32,680,490
| – | – |
|
4
CVR Energy
CVI
$3.97B
| $1.43B | 7.17% |
71,198,718
| – | – |
|
|
5
PayPal
PYPL
$52.7B
| $1.36B | 6.81% |
31,574,653
-1,822,500
| -5% | -$76.2M |
|
|
6
Herbalife
HLF
$1.33B
| $1.33B | 6.67% |
45,744,648
+744,648
| +2% | +$20.7M |
|
7
Freeport-McMoran
FCX
$110B
| $1.22B | 6.11% |
91,236,296
| – | – |
|
|
8
Xerox
XRX
$381M
| $727M | 3.65% |
24,757,507
-12,824,388
| -34% | -$370M |
|
|
HTZ
9
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $513M | 2.57% |
33,682,713
| – | – |
|
|
ARII
10
DELISTED
American Railcar Industries, Inc.
ARII
| $488M | 2.45% |
11,871,268
| – | – |
|
|
NAV
11
DELISTED
Navistar International
NAV
| $412M | 2.07% |
16,729,960
+457,436
| +3% | +$12.6M |
|
|
12
Conduent
CNDT
$250M
| $332M | 1.67% |
+19,806,000
| New | +$301M |
|
13
Herc Holdings
HRI
$5.41B
| $211M | 1.06% |
4,312,860
| – | – |
|
|
WBT
14
DELISTED
Welbilt, Inc.
WBT
| $208M | 1.04% |
10,582,660
| – | – |
|
15
Manitowoc
MTW
$710M
| $60.3M | 0.3% |
2,645,665
| – | – |
|
|
CVRR
16
DELISTED
CVR Refining, LP
CVRR
| $54.3M | 0.27% |
5,750,000
| – | – |
|
|
NUAN
17
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-21,226,702
| Closed | -$274M |
|
|
AGN
18
DELISTED
Allergan plc
AGN
| – | – |
-425,438
| Closed | -$89.3M |
|
|
FDML
19
DELISTED
Federal-Mogul Holdings Corporation
FDML
| – | – |
-138,590,141
| Closed | -$1.43B |
|
Similar funds
Carl Icahn's Q1 2017 Portfolio in Review
As of Q1 2017, Carl Icahn held 19 positions worth $19.9B, down 11% from $22.4B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Carl Icahn withdrew a net $1.31B in Q1 2017, closing 3 positions and reducing 2 holdings. Its most notable exit was Federal-Mogul Holdings Corporation, an estimated $1.43B position sold in full.
By sector, the portfolio is most concentrated in Energy at 51% of assets, up from 49% a quarter earlier, followed by Financials and Industrials.
Against the trend, Carl Icahn opened a new position in Conduent worth $332M.
- Carl Icahn's largest Q1 2017 buy was Conduent: 19,806,000 shares worth $332M.
- Carl Icahn added most to Icahn Enterprises in Q1 2017, an estimated $594M increase.
- Carl Icahn's biggest Q1 2017 reduction was Xerox, cutting an estimated $370M.
- Carl Icahn fully exited Federal-Mogul Holdings Corporation in Q1 2017, selling an estimated $1.43B.
- Carl Icahn's ten largest holdings make up 94% of its $19.9B portfolio in Q1 2017.
- Carl Icahn opened 1 new position and closed 3 in Q1 2017.
- Carl Icahn's portfolio value fell 11% quarter-over-quarter to $19.9B.
Based on Icahn Carl's 13F filing for Q1 2017, filed 15 May 2017.