Carl Icahn's Strategic Moves in Icahn Enterprises LP Amplify His Portfolio in Q3 2024

GuruFocus11-15

Insight into the Billionaire's Latest 13F Filings and Investment Adjustments Carl Icahn (Trades, Portfolio), known for his assertive investment style, recently disclosed his 13F filings for the third ...

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As an activist investor, Icahn is renowned for acquiring substantial stakes in undervalued companies, advocating for operational or managerial changes to unlock shareholder value. His investment vehicles include Icahn Partners, American Real Estate Partners, and Icahn Management LP, with GuruFocus monitoring the comprehensive stock holdings managed by Icahn Capital Management. Icahn's strategy focuses on revitalizing distressed assets, often purchasing stocks that are out of favor or emerging from bankruptcy, and later selling them at a profit once they regain market favorability.Portfolio Overview As of the third quarter of 2024, Carl Icahn (Trades, Portfolio)'s investment portfolio encompasses 14 stocks, with significant allocations in various sectors. His largest holding is in Icahn Enterprises LP (IEP, Financial), which constitutes 59.3% of his portfolio. Other major investments include CVR Energy Inc (CVI, Financial) at 15.55%, Southwest Gas Holdings Inc (SWX, Financial) at 8.23%, International Flavors & Fragrances Inc (IFF, Financial) at 3.98%, and Bausch Health Companies Inc (BHC, Financial) at 2.87%. The portfolio predominantly spans six industries: Energy, Utilities, Basic Materials, Healthcare, Consumer Cyclical, and Industrials.Key Position Increases During the third quarter, Carl Icahn (Trades, Portfolio) made notable adjustments to his holdings, increasing his stakes in two companies:Icahn Enterprises LP (IEP, Financial) saw a significant addition of 26,892,947 shares, bringing the total to 433,206,933 shares. This increase of 6.62% in share count had a substantial impact of 3.68% on his current portfolio, with the total value now standing at $5,856,957,740. Centuri Holdings Inc (CTRI, Financial) also experienced a boost, with an additional 1,000,000 shares acquired. This adjustment represents a 38.58% increase in share count, bringing the total to 3,591,929 shares valued at $58,009,650. Strategic Implications The strategic increase in Icahn Enterprises LP shares underscores Carl Icahn (Trades, Portfolio)'s confidence in the company's potential for growth and profitability. This move aligns with his investment philosophy of capitalizing on undervalued assets to generate substantial returns. The significant stake in IEP, coupled with the diverse industry coverage of his portfolio, positions Icahn to leverage sectoral shifts and market dynamics effectively. Investors and market watchers will likely keep a close eye on Icahn's future maneuvers, as his investments tend to signal broader economic trends and opportunities.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483027360"}