Icahn Enterprises L.p. (IEP): Billionaire Carl Icahn’s Icahn Capital Raises Stake

According to a newly-amended 13D filing with the US SEC, Carl Icahn‘s Icahn’s Capital LP owns 120.50 million depositary units representing limited partner interests of Icahn Enterprises LP (NASDAQ:IEP), which account for 89.75% of the company’s total amount of depositary units. This is slightly more than 117.72 million depositary units Icahn’s Capital LP owned at the end of February, as revealed in a previous 13D filing. In a Form 4 filing, Icahn Capital reported the acquisition of some 2.77 million as a “payment-in-kind” dividend, which represented a forgone value of $60.88 per unit.

Icahn Enterprises L.P is a holding company that owns a plethora of subsidiaries that are operating in fields of Energy, Food Packaging, Investments, Real Estate, Automotive, to name a few. The company’s shares have lost 33% in the last 12 months, mainly due to its significant exposure to the energy sector, which tanked following a drop in oil prices.

Heading into 2016, six funds tracked by Insider Monkey were bullish on Icahn Enterprises LP (NASDAQ:IEP), including Icahn Capital. Murray Stahl Horizon Asset Management  reported the second-largest position, worth $220.6 million. Other investors long the stock are Jim Simons’s Renaissance Technologies, George Hall’s Clinton Group and Ken Griffin’s Citadel Investment Group.

On the other hand, investors who lost the interest in Icahn Enterprises LP (NASDAQ:IEP) include  Matthew Hulsizer’s PEAK6 Capital Management, which dropped the largest stake valued at $800,000 in stock, and Roger Ibbotson’s Zebra Capital Management that dumped about $700,000 worth of shares.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
CCI Onshore 29,288,688 0 29,288,688 0 29,288,688 21.82%
Gascon Partners 17,796,627 0 17,796,627 0 17,796,627 13.26%
High Coast Limited Partnership 53,648,805 29,288,688 53,648,805 29,288,688 82,937,493 61.78%
Highcrest Investors 14,525,054 0 14,525,054 0 14,525,054 10.82%
Thornwood Associates Limited Partnership 5,231,586 0 5,231,586 0 5,231,586 3.90%
Barberry Corp 0 5,231,586 0 5,231,586 5,231,586 3.90%
Starfire Holding Corporation 0 14,525,054 0 14,525,054 14,525,054 10.82%
Little Meadow Corp 0 100,734,120 0 100,734,120 100,734,120 75.03%
Carl C. Icahn 0 120,490,760 0 120,490,760 120,490,760 89.75%

Carl Icahn
Carl Icahn
Icahn Capital LP

Page 1 of 14 – SEC Filing






Washington, D.C. 20549









Under the Securities Exchange Act of 1934
(Amendment No. 40)*


Icahn Enterprises L.P.

(Name of Issuer)


Depositary Units Representing Limited Partner Interests

(Title of Class of Securities)


029169 10 9

(CUSIP Number)


Jesse Lynn, Esq.

Icahn Associates LLC

767 Fifth Avenue, 47th Floor

New York, New York 10153

(212) 702-4300

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)


April 14, 2016

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



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