Billionaire Carl Icahn’s Latest Portfolio: Top 5 Stock Picks

This article discusses the top 5 stock picks Carl Icahn’s Icahn Capital LP at the end of June 2022. To know more about Icahn Capital LP’s latest activist bets, the fund’s history, and changes it made to its portfolio recently, please check out Billionaire Carl Icahn’s Latest Portfolio: Top 10 Stock Picks.

5. Newell Brands Inc. (NYSE:NWL)

Icahn Capital LP’s Stake Value: $629,661,000

Percentage of Icahn Capital LP’s 13F Portfolio: 3.01%

Number of Hedge Fund Holders: 22

Newell Brands Inc. (NYSE:NWL) was the only consumer discretionary company among Icahn Capital LP’s top five stock picks at the end of Q2. Newell Brands Inc. (NYSE:NWL) designs, manufactures and distributes consumer and commercial products, which include Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation and Commercial Solutions products around the world. Formerly known as Newell Rubbermaid Inc., the Atlanta, Georgia- based company was founded in 1903 and currently employs 30,000 people.

Newell Brands Inc.’s (NYSE:NWL) stock has dropped close to 60% in the last 10 years, but the company has managed to pay a dividend every year in the previous 22 years. Newell Brands Inc. (NYSE:NWL)  currently pays a quarterly dividend of $0.23 per share, which translates into a forward annual dividend of $0.92 per share and, based on the stock’s last trading price, into an attractive annual dividend yield of 4.7%.