Carl Icahn Further Decreases Holding Of Family Dollar Stores, Inc. (FDO) Stock To 3.6%

Carl Icahn has dumped a huge chunk of his Family Dollar Stores, Inc. (NYSE:FDO) shares and is no longer the largest shareholder. In two recent filing with the Securities and Exchange Commission, Icahn has disclosed a decrease in his investment first to 6.87 million and then to 4.11 million shares of Family Dollar Stores, Inc. (NYSE:FDO). As a result, Icahn and his fund, Icahn Capital LP, now hold only 3.61% of the company’s common stock.

Carl Icahn as viking

As Family Dollar Stores, Inc. (NYSE:FDO) is set to be taken over by Dollar Tree, Inc. (NASDAQ:DLTR), Nelson Peltz is set to rip huge profits from the deal. In its latest 13F filing, Peltz’s fund, Trian Partners, reported ownership of approximately 8.36 million shares. John Paulson is another hedge fund guru who will register a fat profit on this investment in the company. His fund, Paulson & Co, owns approximately 6.47 million shares, down by 34% during the first quarter of 2014. Harris Associates, run by Natixis Global Asset Management, also holds a significant position in Family Dollar Stores, Inc. (NYSE:FDO): 6.21 million shares, down 5% during Q1.

Disclosure: none.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!