Billionaire Trump Supporter Carl Icahn Made These Changes To His Portfolio Amid Trump’s Win

Paypal Holdings Inc (NASDAQ:PYPL)

– Shares Held By Icahn Capital (as of December 31): 33.4 Million

– Value of Holding (as of December 31): $1.3 Billion

Icahn Capital lowered its stake in Paypal Holdings Inc (NASDAQ:PYPL), during the fourth quarter, albeit marginally, by 1%. For most of the time that Paypal Holdings Inc (NASDAQ:PYPL) has traded as a separate entity after its separation from eBay Inc (NASDAQ:EBAY), its stock has been range-bound. Nevertheless, it is currently trading up by 6.13% year-to-date. Earlier this month, Craig-Hallum analyst Brad Berning released a note in which he asked clients to buy the dips in Paypal Holdings, citing the talks that the company’s management has had with Amazon to include PayPal services for purchases on Amazon’s platform. Mr. Berning believes that if the deal goes through, it could bring an additional $25 billion in payments volume to PayPal. On February 14, Paypal announced that it has agreed to acquire bill payment provider TIO Networks for $233 million in an all-cash deal.

American International Group Inc (NYSE:AIG)

– Shares Held By Icahn Capital (as of December 31): 45.64 Million

– Value of Holding (as of December 31): $2.98 Billion

With Icahn Capital making no changes to its stake in American International Group Inc (NYSE:AIG), the insurance giant continued to remain the fund’s second-largest equity holding at the end of 2016, trailing only its majority ownership stake in Icahn Enterprises LP (NASDAQ:IEP). American International Group Inc (NYSE:AIG)’s stock is currently trading down by 5.24% in 2017, with most of those losses coming in recently after the company reported disappointing Q4 numbers. While analysts were anticipating AIG to report EPS of $1.18, the company declared an ugly loss of $2.72 per share for the quarter. Despite the recent sell-off of the stock, it still sports an impressive return of 132% over the last five years. Most analysts who track AIG believe that the recent sell-off is a knee-jerk reaction by market participants and that the capital return program that the company started last year after being pressured by Mr. Icahn and John Paulson will prove to be hugely beneficial for shareholders long-term. On Wednesday, analysts at FBR & Co reiterated their ‘Outperform’ rating on the stock.

Disclosure: None