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

3. Cheniere Energy, Inc. (NYSE:LNG)

Icahn Capital LP’s Stake Value: $746,513,000

Percentage of Icahn Capital LP’s 13F Portfolio: 3.57%     

Number of Hedge Fund Holders: 65

Cheniere Energy, Inc. (NYSE:LNG) has turned out to be one of the most successful active bets for Mr. Icahn during his investing career. His firm first reported initiating a stake in the world’s second-largest LNG operator in mid-2015 and immediately went to work by asking the management to make changes.

Over the years, and after a tumultuous period, the partnership between Cheniere Energy, Inc. (NYSE:LNG) and Icahn Capital LP finally culminated in the former announcing on June 15 that it entered into a Purchase Agreement to buyback $350 million worth of the company’s shares from Mr. Icahn and his affiliates. As a result, Icahn Capital LP unloaded 42% of its holdings or 4.11 million shares of Cheniere Energy, Inc. (NYSE:LNG) during Q2, bringing its stake down to 5.61 million shares at the end of June.

On August 23, the price of natural gas in the United States breached the $10/MMBtu mark for the first time since 2008. This surge in natural gas prices has reflected well on Cheniere Energy, Inc.’s (NYSE:LNG) shares as they also made their lifetime high of $172.25 last week and are currently trading very close to it.