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 |
Icahn Enterprises
IEP
|
+$186M |
| 2 |
Herbalife
HLF
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$727M |
| 2 |
Chesapeake Energy Corporation
CHK
|
+$313M |
| 3 |
Transocean
RIG
|
+$255M |
| 4 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$29.9M |
| 5 |
CVRR
CVR Refining, LP
CVRR
|
+$1.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 44.83% |
| 2 | Financials | 20.69% |
| 3 | Industrials | 12.03% |
| 4 | Consumer Discretionary | 8.61% |
| 5 | Consumer Staples | 6.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$3.73B
| $6.42B | 32.43% |
127,072,847
+3,520,975
| +3% | +$186M |
2013 Q2
13 quarters
|
|
2
American International
AIG
$42.8B
| $2.71B | 13.68% |
45,644,982
| – | – |
2015 Q3
4 quarters
|
|
3
Cheniere Energy
LNG
$63.7B
| $1.42B | 7.19% |
32,680,490
| – | – |
2015 Q2
5 quarters
|
|
4
PayPal
PYPL
$49B
| $1.39B | 7.01% |
33,897,153
| – | – |
2015 Q3
4 quarters
|
|
|
FDML
5
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $1.33B | 6.72% |
138,590,141
| – | – |
2013 Q2
13 quarters
|
|
|
6
Herbalife
HLF
$1.6B
| $1.22B | 6.14% |
39,223,058
+5,223,058
| +15% | +$165M |
2013 Q2
13 quarters
|
|
7
Freeport-McMoran
FCX
$88.2B
| $1.13B | 5.7% |
104,000,000
| – | – |
2015 Q3
4 quarters
|
|
8
Xerox
XRX
$141M
| $1B | 5.07% |
37,581,895
| – | – |
2015 Q4
3 quarters
|
|
9
CVR Energy
CVI
$4.6B
| $980M | 4.95% |
71,198,718
| – | – |
2013 Q2
13 quarters
|
|
10
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $520M | 2.62% |
14,892,324
| – | – |
2016 Q2
1 quarter
|
|
|
ARII
11
DELISTED
American Railcar Industries, Inc.
ARII
| $492M | 2.49% |
11,871,268
| – | – |
2013 Q2
13 quarters
|
|
|
NAV
12
DELISTED
Navistar International
NAV
| $372M | 1.88% |
16,272,524
| – | – |
2013 Q2
13 quarters
|
|
|
NUAN
13
DELISTED
Nuance Communications, Inc.
NUAN
| $285M | 1.44% |
22,727,037
-2,283,199
| -9% | -$29.9M |
2013 Q2
13 quarters
|
|
|
WBT
14
DELISTED
Welbilt, Inc.
WBT
| $172M | 0.87% |
10,582,660
| – | – |
2016 Q1
2 quarters
|
|
15
Herc Holdings
HRI
$5.67B
| $145M | 0.73% |
4,312,860
| – | – |
2014 Q3
8 quarters
|
|
|
AGN
16
DELISTED
Allergan plc
AGN
| $98M | 0.49% |
425,438
-2,974,562
| -87% | -$727M |
2016 Q2
1 quarter
|
|
17
Manitowoc
MTW
$889M
| $50.7M | 0.26% |
2,645,665
| – | – |
2014 Q4
7 quarters
|
|
|
CVRR
18
DELISTED
CVR Refining, LP
CVRR
| $50.4M | 0.25% |
5,750,000
-250,000
| -4% | -$1.78M |
2015 Q3
4 quarters
|
|
|
VLTC
19
DELISTED
Voltari Corporation
VLTC
| $12.5M | 0.06% |
4,739,620
| – | – |
2013 Q2
13 quarters
|
|
|
20
Transocean
RIG
$5.96B
| – | – |
-21,477,900
| Closed | -$255M | – |
|
|
21
DELISTED
Chesapeake Energy Corporation
CHK
| – | – |
-365,250
| Closed | -$313M | – |
|
Similar funds
Icahn Carl's Q3 2016 Portfolio in Review
As of Q3 2016, Icahn Carl held 21 positions worth $19.8B, down 2.3% from $20.3B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Icahn Carl withdrew a net $976M in Q3 2016, closing 2 positions and reducing 3 holdings. Its most notable exit was Chesapeake Energy Corporation, an estimated $313M position sold in full.
By sector, the portfolio is most concentrated in Energy at 45% of assets, down from 47% a quarter earlier, followed by Financials and Industrials.
Against the trend, Icahn Carl added an estimated $186M to Icahn Enterprises.
- Icahn Carl added most to Icahn Enterprises in Q3 2016, an estimated $186M increase.
- Icahn Carl's biggest Q3 2016 reduction was Allergan plc, cutting an estimated $727M.
- Icahn Carl fully exited Chesapeake Energy Corporation in Q3 2016, selling an estimated $313M.
- Icahn Carl's ten largest holdings make up 92% of its $19.8B portfolio in Q3 2016.
- Icahn Carl opened 0 new positions and closed 2 in Q3 2016.
- Icahn Carl's portfolio value fell 2.3% quarter-over-quarter to $19.8B.
Based on Icahn Carl's 13F filing for Q3 2016, filed 14 Nov 2016.