Icahn Enterprises
72 hedge funds and large institutions have $11.2B invested in Icahn Enterprises in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 18 reducing their positions, and 16 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 18
0.76% more ownership
Funds ownership: 126.87% → 127.64% (+0.76%)
5% less funds holding
Funds holding: 76 → 72 (-4)
6% less capital invested
Capital invested by funds: $11.9B → $11.2B (-$658M)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
39% less call options, than puts
Call options by funds: $18.4M | Put options by funds: $30.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$108M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.49M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.43M |
| 4 |
JAFL
Jay A. Fishman Ltd
Troy,
Michigan
|
+$3.39M |
| 5 |
Renaissance Technologies
New York
|
+$3.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$26.3M |
| 2 |
SCM
SAB Capital Management
New York
|
-$15.1M |
| 3 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$5.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.71M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$4.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| – | -$564K | -5,156 | Closed |
|
|
CC
77
Cannell Capital
Alta,
Wyoming
| – | -$367K | -3,350 | Closed |
|
|
FAAS
78
First Allied Advisory Services
San Diego,
California
| – | -$346K | -3,215 | Closed |
|
|
HTC
79
Haverford Trust Company
Radnor,
Pennsylvania
| – | -$219K | -2,000 | Closed |
|
|
JC
80
JBF Capital
Aspen,
Colorado
| – | -$97K | -888 | Closed |
|
|
ITIM
81
Indiana Trust & Investment Management
Mishawaka,
Indiana
| – | -$69K | -630 | Closed |
|
82
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$44K | -361 | Closed |
|
83
Envestnet Asset Management
Chicago,
Illinois
| – | -$22K | -200 | Closed |
|
|
AP
84
Advisors Preferred
Rockville,
Maryland
| – | -$17K | -162 | Closed |
|
85
Ameriprise
Minneapolis,
Minnesota
| – | -$9K | -80 | Closed |
|
|
EWM
86
Elite Wealth Management
Kirkland,
Washington
| – | -$5K | -49 | Closed |
|
|
FMII
87
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$4K | -40 | Closed |
|
IEP Hedge Fund Activity: Q1 2014 in Review
72 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Icahn Enterprises (IEP) for Q1 2014, worth a combined $11.2B — down 5.5% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of IEP and 14 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 33 added.
The largest buyer was Icahn Carl, adding an estimated $108M. The largest seller was Morgan Stanley, cutting an estimated $26.3M.
- 72 institutional investors held Icahn Enterprises (IEP) as of Q1 2014, down from 76 in Q4 2013.
- Funds reported $11.2B of Icahn Enterprises stock for Q1 2014, down 5.5% quarter-over-quarter.
- 14 funds opened new Icahn Enterprises positions in Q1 2014 and 16 closed out, a net change of -2 holders.
- The largest Icahn Enterprises buyer in Q1 2014 was Icahn Carl, an estimated $108M added.
- The largest Icahn Enterprises seller in Q1 2014 was Morgan Stanley, an estimated $26.3M sold.
Based on aggregated 13F filings for Q1 2014.