Carl Icahn’s Top Mid-Cap Picks Include Hologic Inc. (HOLX), Hertz Global Holdings Inc. (HTZ)

Icahn also left his position in Hertz Global Holdings Inc. (NYSE:HTZ) unchanged during the first quarter at 51.92 million shares valued at $1.13 billion. Although shares of Hertz dropped by roughly 18% since the beginning of this year, Icahn remains confident about the medium- and long-term financial performance of the American car rental company. This stock might be an attractive investment opportunity for investors seeking a good entry price into the stock. Even though Hertz has been experiencing some accounting and operational issues, the company is working to get back on track. Some other funds that remain bullish on Hertz Global Holdings Inc. (NYSE:HTZ) by building up their stakes in the company during the first quarter include Barry Rosenstein’s JANA Partners and Jeffrey Altman’s Owl Creek Asset Management.

Icahn increased his equity holding in Chesapeake Energy Corporation (NYSE:CHK) to 73.05 million shares valued at almost $1.034 billion, an increase of 6.60 million shares during the first quarter. Buying energy stocks has required a strong stomach lately and Chesapeake Energy Corporation is no different, with the firm being downgraded by a number of investment banks and other institutions recently, including Goldman Sachs. The share price of Chesapeake Energy Corporation has been declining along with the price of crude oil, which is falling in part because of the strengthening U.S. dollar. However, even though the future financial performance of the company relies heavily on the price of crude, a number of other hedge funds including John Kim’s Karamaan Group still remain bullish on Chesapeake Energy Corporation (NYSE:CHK).

Disclosure: None