Billionaire Carl Icahn’s Top 5 Picks

2. Occidental Petroleum Corporation (NYSE: OXY)

Value: $1,534,138,000
Percent of Carl Icahn’s 13F Portfolio: 7.64%
Number of Hedge Fund Holders: 49

Occidental Petroleum is the second-biggest stock holding of Billionaire Carl Icahn, as of the end of the fourth quarter. Occidental plans to reach net-zero emissions for its operations by 2040 and net-zero emissions for its products by 2050. The company has a strong footprint in the Permian and DJ basins. The stock is up 149% over the last 12 months.

According to our database, the number of OXY’s long hedge funds positions increased at the end of the fourth quarter of 2020. 49 hedge funds hold a position in Occidental Petroleum Corp. by the end of December, compared to the 43 funds in the third quarter. The company’s biggest stakeholder is Icahn Capital, with 88.6 million shares worth $1.5 billion.