In this article, we discuss billionaire Carl Icahn’s top 5 picks. For Icahn’s comments on his investment philosophy and the complete top 10 list, read Billionaire Carl Icahn’s Top 10 Picks.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind, here are Carl Icahn’s top 5 stock picks:
5. Cheniere Energy, Inc. (NYSE: LNG)
Percent of Carl Icahn’s 13F Portfolio: 4.83%
Number of Hedge Fund Holders: 38
Cheniere Energy is a Texas-based gas company with operations in the U.S., Singapore, U.K. and Chile. The stock was recently upgraded to Buy from Hold by CFRA, with an $85 price target, raised from $55. The firm said that the company has strong opportunities to boost its performance in 2021, driven by a strengthening LNG market and price disparities between U.S. and international markets. The stock is up about 94% over the last 12 months.
With a $970.6 million stake in Cheniere Energy, Carl Icahn’s Icahn Capital owns 16.2 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 38 hedge funds held stakes in LNG at the end of the fourth quarter, versus 40 funds at the end of the third quarter.