There were some changes in star investor Carl Icahn’s portfolio in the third quarter of 2023.
Star investor Carl Icahn once again looks back on a few turbulent months. The allegations against the stock market professional’s holding company, Icahn Enterprises, of operating a pyramid scheme continued to weigh on the holding company’s share price, which also caused Icahn’s own assets to suffer significantly. This can also be seen in the portfolio value of the stock market expert. While the portfolio still had assets under management of $15.484 billion in the second quarter of 2023, this fell to just $12.080 billion in the third quarter.
However, these assets still greatly exceed $100 million, which is why Icahn is required to file a 13F report with the U.S. Securities and Exchange Commission at the end of each quarter disclosing his investments.
Accordingly, there were some changes in Carl Icahn’s portfolio in the third quarter of 2023. Among other things, the star investor took advantage of his own company’s price weakness to stock up on additional stocks.
The following ranking lists the top 10 investments according to their value in the past quarter. Only stock investments are taken into account for the ranking. The ranking is as of September 30, 2023.
Editorial team finanzen.net
11th place: The ranking
In the third quarter of this year, star investor Carl Icahn managed assets of around $12.08 billion. Since this clearly exceeds the value of 100 million US dollars, Icahn also had to disclose his investments in a 13F report at the end of the third quarter of 2023. The following ranking lists the top 10 investments in the most recently completed quarter, sorted by their value. Only stock investments are taken into account. The ranking is as of September 30, 2023.
Source: sec.gov, Image: Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images
10th place: SandRidge Energy
New to the top 10 in the third quarter of 2023 was the oil and natural gas company SandRidge Energy. At the end of the last quarter, the investor owned 4,818,832 shares of the company, valued at $75.463 million and totaling 0.62 percent of Icahn’s portfolio.
Source: sec.gov, Image: bioraven / Shutterstock.com
9th place: Crown Holdings
The provider of packaging products Crown was also able to climb into the top 10 in the third quarter of 2023, securing ninth place. The unchanged 1,040,100 shares were worth $92.028 million at the end of the third quarter of 2023 and totaled 0.76 percent of Icahn’s portfolio.
Source: sec.gov, Image: cybrain / Shutterstock.com
8th place: Conduent
Carl Icahn left his stake in the provider of digital business solutions, Conduent, untouched in the third quarter of 2023, but it nevertheless improved by two places. Furthermore, 38,149,336 shares of the US company with an equivalent value of 132.760 million US dollars remained in the star investor’s portfolio. The investment accounted for 1.10 percent of the entire portfolio.
Source: sec.gov, Image: IgorGolovniov / Shutterstock.com
7th place: Dana
Automotive supplier Dana also improved by two positions to seventh place. Icahn left Dana’s securities untouched in the third quarter of the year. At the end of September, the company’s 14,286,505 shares were worth a total of $209.583 million, making up 1.73 percent of Icahn’s portfolio.
Source: sec.gov, Image: IgorGolovniov / Shutterstock.com
6th place: Bausch Health
The pharmaceutical company Bausch Health, in which Icahn neither expanded nor reduced his stake, was up one place to sixth place. The 34,721,118 Bausch shares were worth $285.408 million as of the reporting date. Overall, the stake in the pharmaceutical company makes up 2.36 percent of its entire portfolio.
Source: sec.gov, Image: Pavel Kapysh / Shutterstock.com
5th place: FirstEnergy
FirstEnergy remained in fifth place. Icahn did not change his stake in the US utility company in the past quarter. The US company’s 14,090,778 shares were worth $481.623 million as of the reporting date and made up 3.99 percent of Icahn’s portfolio.
Source: sec.gov, Image: Postmodern Studio / Shutterstock.com
4th place: Southwest Gas
The energy supplier Southwest Gas slipped one place and fell to fourth place. In the third quarter of 2023, Icahn increased his holdings by 1.64 percent or 177,923 shares. The total of 11,022,604 shares were worth $665.876 million at the end of the third quarter and made up 5.51 percent of Icahn’s portfolio.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
3rd place: Occidental Petroleum
At Occidental Petroleum, which is active in the exploration and production of oil and gas, Icahn kept his feet on the ground, but it still moved up one rank compared to the previous quarter. The star investor also held 16,485,432 shares in the company. The shareholding accounted for 5.90 percent of the overall portfolio. The equivalent value as of the reporting date was $712.995 million.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
2nd place: CVR Energy
Unaffected, Icahn’s stake in renewable fuels-focused holding company CVR Energy remained in second place. The investor threw 4,506,337 shares (-6.33 percent) out of the portfolio. However, the remaining 66,692,381 CVR Energy securities still accounted for 18.79 percent of the total portfolio with a value of 2.270 billion US dollars.
Source: sec.gov, Image: rafapress / Shutterstock.com
1st place: Icahn Enterprises
The securities of Icahn’s conglomerate Icahn Enterprises were once again in undisputed first place. Here, the investor legend increased its own shareholding by 4.88 percent (16,324,527 shares) in the third quarter of the year. The now 350,819,104 shares were worth around $6.939 billion as of September 30, 2023 and made up a full 57.44 percent of Icahn’s portfolio.
Source: sec.gov, Image: IgorGolovniov / Shutterstock.com
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Image sources: Neilson Barnard/Getty Images for New York Times, Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images