Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Icahn Enterprises LP (IEP), Apple Inc. (AAPL), CVR Energy, Inc. (CVI): Carl Icahn Reveals His Top Picks

Activist investor Carl Icahn has delivered no surprise when he made public his holdings for the second quarter in a recent 13F filing with the Security and Exchange Commission.  His top picks are the same as in the last quarter, though some minor changes have occurred. His portfolio remains heavily focused on tech, energy and industrials, which make up 70% of the total. In the past quarter, he acquired a stake of 10% in Family Dollar Stores, Inc. (NYSE:FDO), but trimmed most of it at a handsome profit as his desire to push the company sell itself has been fulfilled. Yesterday he announced a new campaign at Gannett Co., Inc. (NYSE:GCI), acquiring a stake of 6.63%, only to find himself pushing at an open door as the company announced plans to split just a few days before Icahn intended to engage in talks with the management on the very same matter.

ICAHN CAPITAL Carl Icahn

First place in the Icahn portfolio remains his publicly listed Icahn Enterprises LP (NASDAQ:IEP), where he owns a whopping 105 million shares which have a market value of $10.5 billion. The stake in Icahn Enterprises LP (NASDAQ:IEP) makes 27% of his portfolio of 20 positions. In the current quarter the investor has increased its stake by acquiring additional 3 million shares for around $101 million.

Far behind Icahn Enterprises LP (NASDAQ:IEP) sits Apple Inc. (NASDAQ:AAPL) on the second place. The legendary investor has not sold, nor bought any shares during the second quarter, probably being busy with other activist endeavors.  Icahn holds 52 million of Apple Inc. (NASDAQ:AAPL) shares which have a market value of $4.9 billion, making 12.72% of his entire portfolio. Icahn has repeatedly said that he likes Apple Inc. (NASDAQ:AAPL)’s management and it is one of the few companies in America that is well run. He was delighted when Tim Cook decided to respond positively to his request for share repurchase or dividends.

On third position, not far behind Apple Inc. (NASDAQ:AAPL) remains CVR Energy, Inc. (NYSE:CVI), a 17.7 billion market cap petroleum refiner based in Texas. Icahn has increased its stake in the company by purchasing 6 million shares, to 77 million. The holding in CVR Energy, Inc. (NYSE:CVI) has a total market value of $3.5 billion and makes 9.29% of the whole equity portfolio. Icahn is a majority shareholder in CVR Energy, Inc. (NYSE:CVI) and has complete control over the company.

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading 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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!