Icahn Capital Increases Stakes In 4 Stocks: Manitowoc Company Inc (MTW), Chesapeake Energy Corporation (CHK), More

In the first quarter, Icahn increased his equity stake in Federal-Mogul Holdings Corporation (NASDAQ:FDML), a Michigan-based automotive supplier, to 138.59 million shares valued at $1.84 billion, an increase of 15%. Federal-Mogul Holdings Corporation (NASDAQ:FDML) recently disclosed its financial results for the first quarter and though the appreciation of the U.S. dollar negatively affected the company, it still managed to generate a 3% year-over-year increase in net sales of $1.84 billion. Despite the fact that Federal-Mogul Holdings Corporation (NASDAQ:FDML)’s shares have plunged by nearly 19% in 2015, numerous funds, including Murray Stahl’s Horizon Asset Management and Mario Gabelli’s GAMCO Investors, have increased their already sizable stakes in the stock.

Voltari Corp (NASDAQ:VLTC) was Icahn Capital’s biggest increase percentage-wise, but also its smallest position. The firm added to the position by almost 600%. As of the end of the first quarter, the firm held 4.73 million shares with a value of $4.79 million and representing less than 0.01% of its portfolio. Voltari Corp (NASDAQ:VLTC) is also a very small company with a market cap of just $68 million. Jim Simons’ Renaissance Technologies also holds a position in the company. Read more about Voltari Corp (NASDAQ:VLTC) here.

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