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Carl Icahn Stock Portfolio: Top 5 Picks

In this article, we shall discuss the top 5 picks in Carl Icahn’s stock portfolio. To read our detailed analysis of Icahn’s history, his investment strategy, and hedge fund performance, go directly and see Carl Icahn Stock Portfolio: Top 12 Picks.

5. Newell Brands Inc. (NYSE:NWL)

Icahn Capital’s Stake Value: $629.7M

Percentage of Icahn Capital’s 13F Portfolio: 3.01%

Number of Hedge Fund Holdings: 22

Based in Atlanta, Georgia, Newell Brands (NYSE:NWL) is an American company which specializes in the manufacturing, marketing, and distribution of consumer and commercial products. Investor interest in Newell Brands (NYSE:NWL) has declined  significantly in the second quarter of 2022, with 22 hedge funds long the stock, down from 31 hedge funds in the previous quarter.

Icahn Capital is more conservative in their ownership of the stock, having a total stake value of $629.7 million in Q2 2022. Icahn has maintained his hold over the stock from the preceding quarter, with Newell Brands (NYSE:NWL) making up for 3.01% of Icahn’s investment portfolio.

4. FirstEnergy Corp. (NYSE:FE)

Icahn Capital’s Stake Value: $728.2M

Percentage of Icahn Capital’s 13F Portfolio: 3.49%

Number of Hedge Fund Holdings: 42

FirstEnergy Corp. (NYSE:FE) is an electric utility which focuses on the distribution, transmission and generation of electricity, energy management, and other similar services. The company is one of the largest investor-owned utility companies in the United States, with a customer base of almost 8 million within 65,000 square miles.

Icahn Capital is the largest shareholder in the stock, with FirstEnergy Corp. (NYSE:FE) making up for 3.49% for the billionaire’s 13F portfolio for Q2 2022. Carl Icahn has a total stake of $728.2 million in FirstEnergy Corp. (NYSE:FE).

Here is what ClearBridge Investments had to say about FirstEnergy Corp. (NYSE:FE) in their Q4 2021 investor letter:

“On a regional level, the Strategy’s largest exposure is in the U.S. and Canada (44%), consisting of regulated and contracted utilities (31%) and economically sensitive user-pays infrastructure (13%).
During the quarter we initiated new positions in U.S. electric utility FirstEnergy.  With supply chain issues, higher housing costs, higher commodity prices and producer price inflation remaining square in the sights for 2022, we think higher inflation is a risk for global markets. We expect growth to slow to trend or below by mid-2022 and U.S.”

3. Cheniere Energy Inc. (NYSE:CQP)

Icahn Capital’s Stake Value: $746.5M

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

Number of Hedge Fund Holdings: 65

Headquartered in Houston, Texas, Cheniere Energy Inc. (NYSE:CQP) is an American utility company which deals in liquefied natural gas. On September 19, Stifel analyst Benjamin Nolan raised the firm’s price target on Cheniere Energy Inc. (NYSE:CQP) from $159 to $201, keeping a Buy rating on the shares.

Icahn Capital is the largest shareholder in Cheniere Energy Inc. (NYSE:CQP), owning more than 5.61 million shares worth $746.5 million. A result of Icahn loosening his grip over the stock by 43%, Cheniere Energy Inc. (NYSE:CQP) makes up for 3.57% of Icahn’s investment portfolio.

2. CVR Energy Inc. (NYSE:CVI)

Icahn Capital’s Stake Value: $2.39B

Percentage of Icahn Capital’s 13F Portfolio: 11.43%

Number of Hedge Fund Holdings: 22

CVR Energy Inc. (NYSE:CVI) is a diversified holding company, which specializes in petroleum refinery and the manufacture of nitrogen fertilizer.

On September 15, Wolfe Research analyst downgraded CVR Energy Inc. (NYSE:CVI) to Peer Perform from Outperform, and did not confer any price target on the stock.

As of Q2 2022, Icahn Capital is the largest shareholder in the stock, having stakes worth $2.39 billion. CVR Energy Inc. (NYSE:CVI) makes up for 11.43% of Icahn’s 13F portfolio for Q2 2022.

1. Icahn Enterprises L.P. (NASDAQ:IEP)

Icahn Capital’s Stake Value: $

Percentage of Icahn Capital’s 13F Portfolio: %

Number of Hedge Fund Holdings: 

Based in Sunny Isle Beach, Florida, Icahn Enterprises L.P. (NASDAQ:IEP) is an American conglomerate which has diversified investments in the energy, automotive, food packaging, metals, real estate, and home fashion sectors. The company was founded by and is controlled by Carl Icahn, who owns 88% of the company’s common stock. Hedge fund sentiment around Icahn Enterprises L.P. (NASDAQ:IEP) has fallen in Q2 2022, with 2 hedge funds long the stock, compared to 4 hedge funds in Q1 2022. Icahn Capital is the largest shareholder in Q2 2022, owning more than 277.7 shares valued at $13.36 billion. The result of Icahn further strengthening his hold over the company by 9%, Icahn Enterprises L.P. (NASDAQ:IEP) makes up for 64.05% of Icahn’s 13F investment portfolio.

You can also take a peek at 10 Best Fast Money Stocks To Buy Now and 10 Most Valuable Internet Companies Today.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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