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.
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.