Icahn Carl Portfolio holdings
The Icahn Carl 13F filing belongs to Carl Icahn, one of the first activist investors, who takes large stakes in companies and presses management for changes. In 1968 he bought a seat on the New York Stock Exchange and set up Icahn & Co., which traded in risk arbitrage and options. His takeover of Trans World Airlines, which he later sold off in pieces, earned him a reputation as a 1980s corporate raider. Icahn founded Icahn Enterprises and controls it. This public conglomerate owns businesses in energy, automotive, metals, real estate and other sectors, and took its name in 2007 when American Real Estate Partners, another Icahn-controlled entity, merged into it. Icahn started the hedge fund Icahn Partners in 2004, and has not managed money for outside clients since 2011.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$784M |
| 2 |
Hertz Global Holdings, Inc.
HTZ
|
+$559M |
| 3 |
Icahn Enterprises
IEP
|
+$333M |
| 4 |
American International
AIG
|
+$67.5M |
| 5 |
Xerox
XRX
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$486M |
| 2 |
PayPal
PYPL
|
+$150M |
| 3 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$144M |
| 4 |
ENZN
ENZON PHARMACEUTICALS INC
ENZN
|
+$2.78M |
| 5 |
SSE
SEVENTY SEVEN ENERGY INC COM
SSE
|
+$2.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 47.43% |
| 2 | Financials | 18.01% |
| 3 | Industrials | 11.69% |
| 4 | Consumer Discretionary | 6.62% |
| 5 | Materials | 5.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$3.69B
| $6.67B | 32.91% |
123,551,872
+5,832,687
| +5% | +$333M |
2013 Q2
12 quarters
|
|
|
2
American International
AIG
$42.8B
| $2.41B | 11.91% |
45,644,982
+1,222,796
| +3% | +$67.5M |
2015 Q3
3 quarters
|
|
|
3
PayPal
PYPL
$47.4B
| $1.24B | 6.1% |
33,897,153
-3,931,266
| -10% | -$150M |
2015 Q3
3 quarters
|
|
4
Cheniere Energy
LNG
$67.5B
| $1.23B | 6.05% |
32,680,490
| – | – |
2015 Q2
4 quarters
|
|
5
Freeport-McMoran
FCX
$89.7B
| $1.16B | 5.71% |
104,000,000
| – | – |
2015 Q3
3 quarters
|
|
|
FDML
6
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $1.15B | 5.68% |
138,590,141
| – | – |
2013 Q2
12 quarters
|
|
7
CVR Energy
CVI
$5.87B
| $1.1B | 5.44% |
71,198,718
| – | – |
2013 Q2
12 quarters
|
|
8
Herbalife
HLF
$1.37B
| $995M | 4.91% |
34,000,000
| – | – |
2013 Q2
12 quarters
|
|
|
9
Xerox
XRX
$195M
| $940M | 4.64% |
37,581,895
+2,524,807
| +7% | +$66.4M |
2015 Q4
2 quarters
|
|
|
AGN
10
DELISTED
Allergan plc
AGN
| $786M | 3.88% |
+3,400,000
| New | +$784M |
2016 Q2
0 quarters
|
|
|
11
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $569M | 2.81% |
+14,892,324
| New | +$559M |
2016 Q2
0 quarters
|
|
|
ARII
12
DELISTED
American Railcar Industries, Inc.
ARII
| $469M | 2.31% |
11,871,268
| – | – |
2013 Q2
12 quarters
|
|
|
NUAN
13
DELISTED
Nuance Communications, Inc.
NUAN
| $338M | 1.67% |
25,010,236
-9,719,266
| -28% | -$144M |
2013 Q2
12 quarters
|
|
14
DELISTED
Chesapeake Energy Corporation
CHK
| $313M | 1.54% |
365,250
| – | – |
2013 Q2
12 quarters
|
|
15
Transocean
RIG
$7.75B
| $255M | 1.26% |
21,477,900
| – | – |
2013 Q2
12 quarters
|
|
|
NAV
16
DELISTED
Navistar International
NAV
| $190M | 0.94% |
16,272,524
| – | – |
2013 Q2
12 quarters
|
|
|
WBT
17
DELISTED
Welbilt, Inc.
WBT
| $186M | 0.92% |
10,582,660
| – | – |
2016 Q1
1 quarter
|
|
|
18
Herc Holdings
HRI
$5.55B
| $148M | 0.73% |
4,312,860
-16,923,501
| -80% | -$486M |
2014 Q3
7 quarters
|
|
19
Manitowoc
MTW
$831M
| $57.7M | 0.28% |
2,645,665
| – | – |
2014 Q4
6 quarters
|
|
|
CVRR
20
DELISTED
CVR Refining, LP
CVRR
| $46.5M | 0.23% |
6,000,000
| – | – |
2015 Q3
3 quarters
|
|
|
VLTC
21
DELISTED
Voltari Corporation
VLTC
| $17.2M | 0.08% |
4,739,620
| – | – |
2013 Q2
12 quarters
|
|
|
ENZN
22
DELISTED
ENZON PHARMACEUTICALS INC
ENZN
| – | – |
-5,904,863
| Closed | -$2.78M | – |
|
|
SSE
23
DELISTED
SEVENTY SEVEN ENERGY INC COM
SSE
| – | – |
-4,746,421
| Closed | -$2.75M | – |
|
Similar funds
Icahn Carl's Q2 2016 Portfolio in Review
As of Q2 2016, Icahn Carl held 23 positions worth $20.3B, down 5.6% from $21.5B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Icahn Carl deployed $1.02B of net new capital in Q2 2016, opening 2 new positions and adding to 3 existing holdings. Its largest new stake was Allergan plc: 3,400,000 shares worth $786M.
By sector, the portfolio is most concentrated in Energy at 47% of assets, down from 51% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Herc Holdings, an estimated $486M trimmed.
- Icahn Carl's largest Q2 2016 buy was Allergan plc: 3,400,000 shares worth $786M.
- Icahn Carl added most to Icahn Enterprises in Q2 2016, an estimated $333M increase.
- Icahn Carl's biggest Q2 2016 reduction was Herc Holdings, cutting an estimated $486M.
- Icahn Carl fully exited ENZON PHARMACEUTICALS INC in Q2 2016, selling an estimated $2.78M.
- Icahn Carl's ten largest holdings make up 87% of its $20.3B portfolio in Q2 2016.
- Icahn Carl opened 2 new positions and closed 2 in Q2 2016.
- Icahn Carl's portfolio value fell 5.6% quarter-over-quarter to $20.3B.
Based on Icahn Carl's 13F filing for Q2 2016, filed 15 Aug 2016.