Carl Icahn’s Icahn Capital Filed For $CLX, $WBMD, and $MMI

Carl Icahn’s Icahn Capital recent disclosed its activist stakes in Clorox Co (CLX), Webmd Health Corp. (WBMD), and Motorola Mobility Holdings, Inc. (MMI). Carl Icahn disclosed his amendments to his positions in these stocks. Filings show Carl Icahn keeps selling CLX and now remains 6.59 million shares or 4.99% activist stake ownership. Carl Icahn has already decreased its position by 45% after he disclosed 12 million shares in CLX at the end of the third quarter. CLX is now trading at $64.91, and has returned 6% year to date.

Hedge Fund Strategies

Carl Icahn filed for WBMD on November 30th, and he did not change his previous 5.69 million shares or 9.99% activist stake position. Carl Icahn intends to discuss with the issuer about a repurchase up to one billion dollars of WBMD’s outstanding shares through a Dutch tender offer with $36 per share as the high-end of the range. Carl Icahn began to purchase WBMD in late August and reported 2.18 million shares in the stock at the end of September. Carl Icahn has increased his position in WBMD twice after his initial 13D on October 21st. He reported 5.3 million shares in the stock on November 3rd, and 5.69 million shares on November 25th. WBMD has lost 30% in 2011. The stock is priced at $36.04.

Carl Icahn disclosed 30.19 million shares in MMI, which gave him 10.08% activist stake ownership. According to the filing, Carl Icahn sold 3.32 million shares from November 18 to 28, at from $38.73 to $38.79. Carl Icahn reported 33.51 million shares in MMI at the end of September. MMI has increased by nearly 35% so far and is trading at $38.72.

In the second quarter seventeen hedge funds invested in CLX. Carl Icahn took much more shares than other hedge funds in our list. He increased his position by 25% and reported 12.5 million shares at that time.

Twenty hedge funds invested in WBMD in the second quarter. Michael Lowenstein’s Kensico Capital had 2.03 million shares in the stock, or 3.55% stake. Phill Gross And Robert Atchinson’s Adage Capital Management had 630 thousand shares. Jim Simons’ Renaissance Technologies had 340 thousand shares.

Seventeen hedge funds were also bullish about MMI beside Carl Icahn, according to their Q2 holdings. Jonathon Jacobson’s Highfields Capital Management had 8.74 million shares since January. Ken Griffin’s Citadel Investment Group increased its position by more than 21 times and reported 1.96 million shares.

Clorox Company is a Housewares & Accessories company. According to Yahoo! Finance, the company “manufactures and markets consumer and institutional products worldwide. The company operates in four segments: Cleaning, Lifestyle, Household, and International. The company was founded in 1913 and is headquartered in Oakland, California.”

WebMD Health Corp is a health information services company. The company provides branded health and wellness content, tools and services to consumers, physicians and other healthcare professionals, employers, and health planers through its online portals, mobile platforms and health-focused publications. The online portals include www.WebMD.com and www.Medscape.com, as well as other sites. The company was founded in 1995 and is headquartered in New York City, NY.

Per Yahoo! Finance, Motorola Mobility Holdings, Inc. “provides technologies, products, and services for mobile and wire line digital communication, information, and entertainment applications.” The companys operates mobile devices portfolio and home portfolio. In addition, the company offers converged media experiences, including Motorola Medios software suite. Motorola Mobility markets its products mainly in the United States, China, Brazil, and Singapore. “The company is based in Libertyville, Illinois. As of January 04, 2011, Motorola Mobility Holdings, Inc. (NYSE:MMI) operates independently of Motorola Solutions, Inc.”

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