Carl Icahn, Talisman Energy
: In a 13D just filed with the SEC, Carl Icahn
has reported a 5.9% stake in Talisman Energy Inc. (USA) (NYSE:TLM
). Three of Icahn's seven largest positions are in energy companies, and the corporate raider lists undervaluation, asset sales, restructuring and Board representation as possible outcomes of his activist stake.
One interesting thing to point out: at the end of last quarter, Icahn's former right hand man, Keith Meister, was Talisman's largest shareholder
. Meister's Corvex Capital
held a $103.5 million position, roughly one-sixth the size of Icahn's new stake.
In addition to Icahn's move, there have been many other big-time hedge fund trades in the past week. Here's a look at the most important.
reduced his Herbalife short significantly, replacing it with long-term put options.
Dan Loeb ups his activist campaign at Sotheby’s
, snatching 9.3% of the company while calling for its CEO to resign.
Activist Barry Rosenstein
and Jana Partners disclosed a 13.5% stake in Outerwall
Billionaire Stephen Mandel
now owns 5.3%
Mick McGuire and Marcato Capital reported that they still hold a large stake
in Sotheby's alongside Loeb.
Jeff Ubben and ValueAct, another activist, now own 9.7%
of Rockwell Collins; say they're banking on avionics division.
Richard Perry cuts
9M J.C. Penney shares.
’s Walter Energy bet shows he doesn't think coal is dead just yet.
Ken Griffin's Citadel Advisors reported a new 5.8%
stake in Global Brass and Copper Holdings.
Ricky Sandler, Eminence Capital up their Aeropostale position
’s biotech fund doubles its Achillion Pharmaceuticals stake.
Andrew Feldstein and Stephen Siderow joined a REIT party
at Chatham Lodging Trust.
Now We Know Why Julian Robertson Sold Apple Earlier This Year
Hedge Fund News: Bruce Berkowitz, George Soros & Carl Icahn’s Raider Lifestyle
Activist Lawrence Seidman Ups His Position in OBA Financial