Carl Icahn’s Largest Moves During the First Quarter

In the latest round of 13F filings, billionaire Carl Icahn reported his equity portfolio as of the end of the first quarter of 2014. The aggregate value of the portfolio amounts to $32.93 billion, which represents an increase from $30.56 billion held at the end of last year. Overall, the equity portfolio remained unchanged, Mr. Icahn holds a total of 19 positions, out of which he reduced the holding in one company, and raised his exposure to three others.

Carl Icahn - Icahn Capital Lp

At the same time, the 13F filing revealed one new stock on which Mr. Icahn was bullish during the first three months of the year: eBay Inc (NASDAQ:EBAY). His holding amasses around 27.8 million shares, with a total value of $1.54 billion. The stock of eBay Inc (NASDAQ:EBAY) remained basically flat during the January-March period.

Earlier in March Carl Icahn asked the Board of Directors of eBay to nominate two employees of his fund, Icahn Capital LP to be elected for the company’s board and for the separation of eBay Inc (NASDAQ:EBAY)’s PayPal e-commerce business. After negotiations between Mr. Icahn and eBay’s CEO John Donahoe the parties came to an agreement. Mr. Icahn has withdrawn his requests and the company agreed to nominate former AT&T Inc. (NYSE:T) CEO David Dorman as an independent director.

However, in a statement issued by eBay, Icahn was quoted saying that he still intends to pursue the spin-off of PayPal and will continue discussing with Donahoe on different matters related to the company.

Glenview Capital Management, led by Larry Robbins also initiated a $297.96 million stake in eBay, which amasses 5.39 million shares. Rob Citrone‘s Discovery Capital Management is another shareholder with 11.39 million shares, worth $629.41 million.

In addition, Carl Icahn boosted his exposure to Apple Inc. (NASDAQ:AAPL). He reported holding 7.54 million shares of the company, up by around 60% on the quarter, with a reported value of close to $4.05 billion. Jim Simons‘ Renaissance Technologies has initiated a stake in the company reporting a $440.86 million position, which contains around 821,400 shares.

Earlier this year, Mr. Icahn urged Apple Inc. (NASDAQ:AAPL) to increase its buyback program and return more capital to shareholders. At the end of April Apple’s Board approved increasing the program to return capital to shareholders planning to use around $130 billion of cash, by the end of 2015. Out of this amount, Apple Inc. (NASDAQ:AAPL) plans to use $90 billion for buying back its stock (up from $60 billion disclosed earlier), and it has increased its quarterly dividend by 8% to $3.29 per share.

Mr. Icahn, as it was mentioned above, reduced his holding in one company, Netflix, Inc. (NASDAQ:NFLX). In Netflix, the billionaire currently owns some 2.24 million shares, worth $790.17 million, the position being reduced by around 421,000 shares. The stock of the $20.5 billion Internet television network declined by around 7% since the beginning of the year. Philippe Laffont‘s Coatue Management, on the other hand, raised its stake in Netflix, Inc. (NASDAQ:NFLX) by some 477,600 shares to 1.54 million shares, worth $543.61 million.

Disclosure: none

Recommended Reading:

Carl Icahn Further Increases Stake In Navistar International Corp (NAV)

Carl Icahn To Get Three More Board Seats at Herbalife Ltd. (HLF)

Carl Icahn’s Interview on eBay Inc (EBAY)

 

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!