There were some changes in the portfolio of star investor Carl Icahn in the second quarter of 2023.
Star investor Carl Icahn has had a few turbulent months. The holding company of the stock market professional Icahn Enterprises was targeted by the short seller Hindenburg Research. In a detailed report, he accused the investor of operating a pyramid scheme in order to be able to continue to make high distributions. The allegations weighed on the holding company’s share price, causing Icahn’s own fortune to plummet. This can also be seen from the stock market expert’s portfolio value. While the portfolio had assets under management of $22.03 billion in the first quarter of 2023, this melted down to $15.484 billion in the second quarter.
Nonetheless, those assets still far exceed $100 million, which is why Icahn is required to file a 13F report with the SEC at the end of each quarter, disclosing his investments.
The star investor left numerous positions in his portfolio untouched in the second quarter. However, he completely separated from two holdings. The financial professional threw all the shares in the energy company Cheniere Energy out of his portfolio. In the previous quarter, the share certificates had taken a place in the top 10. Icahn also reduced its investment in leasing company Herc by 100 percent. On the other hand, the star investor used the share price weakness of his own company to stock up on other titles.
The following ranking lists the top 10 holdings according to their value in the past quarter. Only equity investments are taken into account for the ranking. Status of the ranking is June 30, 2023.
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11th place: The ranking
In the second quarter of the year, star investor Carl Icahn managed assets of around 15.48 billion US dollars. Since this clearly exceeds the value of 100 million US dollars, Icahn also had to disclose its investments in a 13F report at the end of the second quarter of 2023. The following ranking lists the top 10 investments in the last quarter, sorted by value. Only equity investments are taken into account. Status of the ranking is June 30, 2023.
Source: sec.gov, Image: Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images
10th place: Conduent
The investment in the provider of digital business solutions Conduent left Carl Icahn unaffected in the second quarter of 2023. Furthermore, 38,149,336 shares in the US company with a value of 129.708 million US dollars remained in the star investor’s custody account. The investment accounted for 0.84 percent of the entire portfolio.
Source: sec.gov, image: IgorGolovniov / Shutterstock.com
9th place: Dana
The automotive supplier Dana remains in ninth place. Icahn left Dana’s stock untouched in the second quarter of the year. At the end of June, the company’s 14,286,505 shares were worth a total of $242.871 million, representing 1.57 percent of Icahn’s portfolio.
Source: sec.gov, image: IgorGolovniov / Shutterstock.com
8th place: Newell Brands
The consumer goods manufacturer Newell Brands slipped one placement in the second quarter of 2023. In the past quarter, the investor sold 4,548,638 shares, 15 percent of its shares in the company. The remaining 25,437,125 shares were valued at $271.668 million at the end of the second quarter of 2023, totaling 1.68 percent of Icahn’s portfolio.
Source: sec.gov, Image: JHVEPhoto / Shutterstock.com
7th place: Bausch Health
In seventh place is pharmaceutical company Bausch Health, in which Icahn neither increased nor reduced its stake. The 34,721,118 Bausch shares were worth $277.769 million as of the reporting date. Overall, the stake in the drug company accounts for 1.79 percent of its entire portfolio.
Source: sec.gov, Image: Pavel Kapysh / Shutterstock.com
6th place: Xerox
Xerox is also still in the top 10. Icahn didn’t change its stake in the technology and services company last quarter. The US company’s 34,245,314 shares were valued at $509.913 million as of the reporting date and accounted for 3.29 percent of Icahn’s portfolio.
Source: sec.gov, Image: 360b / Shutterstock.com
5th place: FirstEnergy
In the second quarter of 2023, Icahn significantly reduced its stake in US utility company FirstEnergy. The investor threw 4,876,979 shares (-25 percent) out of the portfolio, causing the company to slip down from third place in the previous quarter to fifth place. However, the remaining 14,090,778 FirstEnergy shares accounted for $547.849 million, still accounting for 3.54 percent of the total portfolio.
Source: sec.gov, Image: Postmodern Studio / Shutterstock.com
4th place: Occidental Petroleum
Icahn kept his feet still at Occidental Petroleum, which is active in the exploration and production of oil and gas. The star investor also held 16,485,432 shares in the company. The holding accounted for 3.97 percent of the total portfolio. The equivalent amounted to 615.236 million US dollars as of the reporting date.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
3rd place: Southwest Gas
The energy supplier Southwest Gas has moved up two places and is now in the top 3. In the second quarter of 2023, Icahn increased its holding by 3 percent, or 324,081 shares. The now total of 10,844,681 shares were valued at $690.264 million at the end of the second quarter and accounted for 4.46 percent of Icahn’s portfolio.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
2nd place: CVR Energy
Untouched, Icahn’s holding in renewable fuels-focused holding company CVR Energy remained in second place. As in the second quarter of 2023, Icahn held 71,198,718 shares of the company. As of the reporting date, they were worth around $2.133 billion, accounting for 13.78 percent of Icahn’s stock portfolio.
Source: sec.gov, Image: rafapress / Shutterstock.com
1st place: Icahn Enterprises
The securities of Icahn’s conglomerate Icahn Enterprises were repeatedly the undisputed number one. Here, the legendary investor increased its stake by eleven percent (34,496,953 shares) in the second quarter of the year. The now 334,494,577 shares were worth approximately $9.71 billion as of June 30, 2023 and accounted for 62.67 percent of Icahn’s portfolio.
Source: sec.gov, image: IgorGolovniov / Shutterstock.com
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