Three shares super investor Carl Icahn is buying
Carl Icahn has been buying up shares in Southwest Gas, Occidental Petroleum, and Illumina while selling off Newell Brands and Herc Holdings.
This was revealed in Icahn’s 13F filing with the SEC, which is required for all super investors who manage over $100 million in funds.
Icahn is the founder and controlling shareholder of Icahn Enterprises, a diversified holding company with interests in various industries, including manufacturing, energy, and healthcare.
Icahn is known for his aggressive investment style and willingness to take on corporate management.
He has been involved in several high-profile corporate battles, including his successful campaign to break up RJR Nabisco and his failed attempt to take over Time Warner.
Icahn was born in Queens, New York, in 1936. He attended Princeton University, where he studied philosophy.
After graduating from Princeton, Icahn worked as a stockbroker for several years before starting his own investment firm in 1968.
Icahn quickly became known for his aggressive investment style, which often involved buying large stakes in companies and then pressuring management to make changes to benefit shareholders.
In the 1980s, Icahn became one of the most famous investors in the United States and eventually became one of the wealthiest people in the world.
He is worth $10.7 billion and manages a portfolio worth over $20 billion.
Carl Icahn’s portfolio
A significant portion of Icahn’s portfolio is held in his own company, Icahn Enterprises, which is worth over $15 billion by itself. The rest of the portfolio amounts to less than $7 billion.
Icahn has added to his positions in Occidental Petroleum and Southwest Gas holdings while also acquiring a new position in Illumina Inc.
Illumina is an American biotechnology company headquartered in San Diego, California, serving over 140 countries. It develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function.
Icahn reduced his exposure to food manufacturer Newell Brands and has nearly sold off all his holdings in the rental company Herc Holdings.
|Company||Share of portfolio||Change in share||Value of share|
|IEP – Icahn Enterprises||70.43%||$15,512,877,000|
|CVI – CVR Energy Inc.||10.6%||$2,333,894,000|
|FE – FirstEnergy Corp.||3.45%||$759,848,000|
|OXY.WS – Occidental Petroleum WTS||3.07%||Add 0.43%||$675,903,000|
|SWX – Southwest Gas Holdings Inc.||2.98%||Add 59.12%||$657,011,000|
|XRX – Xerox Holdings Corp.||2.39%||$527,378,000|
|NWL – Newell Brands Inc.||1.69%||Reduce 9.33%||$373,023,000|
|BHC – Bausch Health||1.28%||$281,241,000|
|DAN – Dana Inc.||0.98%||$215,012,000|
|LNG – Cheniere Energy Inc.||0.72%||$157,600,000|
|CNDT – Conduent Inc.||0.59%||$130,852,000|
|ILMN – Illumina Inc.||0.45%||Buy||$99,997,000|
|CCK – Crown Holdings||0.39%||$86,027,000|
|SD – SandRidge Energy Inc.||0.32%||$69,439,000|
|BLCO – Bausch + Lomb Corp||0.28%||$60,935,000|
|IFF – International Flavors & Fragrances Inc.||0.27%||$59,269,000|
|HRI – HERC Holdings Inc.||0.12%||Reduce 93.77%||$26,215,000|