Billionaire Carl Icahn’s Top 5 Picks

4. Herbalife Nutrition Ltd. (NYSE: HLF)

Value: $985,307,000
Percent of Carl Icahn’s 13F Portfolio: 4.91%
Number of Hedge Fund Holders: 41

Herbalife is a California-based nutritional products company. Carl Icahn has a history with this stock. He waged a war against his rival Pershing Square’s Bill Ackman in 2013, buying a huge stake in the company, challenging Ackman who had shorted the stock, betting that its value would tank to zero. Ackman lost close to $1 billion as a result, ending his entire stake in Herbalife in 2019. Herbalife accounts for about 4.9% of Icahn’s total portfolio.

Herbalife shares are up about 55% over the last 12 months.

As of the end of the fourth quarter, 41 hedge funds in Insider Monkey’s database of 887 funds held stakes in HLF, compared to 36 funds in the third quarter. Icahn Capital is the company’s most significant stakeholder, with 20.5 million shares worth $985.3 million.