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.
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.