Posts for Ticker ‘Icahn’

Icahn’s Top Holdings (APC, BEAS, BIIB, CSX, LEA, M, MOT, JCP, REGN, TIN, TWX, TWC, UNM, WMB)

Billionaire activist investor and financier Carl Icahn has released the total holdings in an SEC filing for the period end December 31, 2007 for  ICAHN CAPITAL, LP.

As Carl Icahn and his friends are multi-billionaires, we have eliminated the positions under $50 million since smaller postions are hardly worth his time and effort. The left column is the dollar amounts and the second number is the number of shares:

  • ANADARKO PETROLEUM (NYSE: APC) $970,600,000  14,775,468 shares
  • BEA SYSTEMS (NASDAQ: BEAS)  $654,176,000; 41,456,016 shares
  • BIOGEN IDEC (NASDAQ: BIIB)  $469,973,000; 8,256,723 shares
  • CSX CORP (NYSE: CSX) $128,422,000; 2,920,000
  • LEAR CORP (NYSE: LEA) 265,424,000; 9,595,954 shares
  • MACYS (NYSE: M)  $133,610,000; 5,164,660 shares
  • MOTOROLA (NYSE: MOT) $969,881,000; 60,466,400 shares
  • J.C.PENNEY (NYSE: JCP)  $183,274,000; 4,166,271 shares
  • REGENERON PHARMA (NASDAQ: REGN)  $60,568,000; 2,508,001 shares
  • TEMPLE INLAND (NYSE: TIN) $71,901,000; 3,448,488 shares
  • TIME WARNER CABLE (NYSE: TWC) $130,027,000; 4,711,128 shares
  • TIME WARNER INC (NYSE: TWX) $213,526,000; 12,933,159
  • UNUM GROUP (NYSE: UNM) $95,659,000; 4,020,960 shares
  • WILLIAMS COS INC (NYSE: WMB)  $173,201,000; 4,840,724 shares

Jon C. Ogg
February 14, 2008

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.  Join the 24/7 Wall St. open email distribution list to hear of spin-offs, emerging IPO, break-up, reorganization, and other special situation stocks.

Posted on: February 14, 2008 – 11:58 am in Activist Investor, Insider Activity, Mutual Funds, , , , , , , , , , , , , , , ,

Carl Icahn Buying Into J.C.Penney? (JCP)

The WSJ has reported that Carl Icahn has been amassing a stake in J.C.Penney Co. (NYSE: JCP).  Unfortunately, the WSJ is citing "people familiar with the matter."  Those people are not always clear and not always perfect, although we’d be under the opinion that the WSJ wouldn’t have run this based solely on "people" if it hadn’t gotten confirmation from unrelated sources that may know. 

We don’t know the size of the stake taken if this really occurred, although one noted that the holding may be on of the larger holdings.  As J.C.Penney has a $10+ Billion market cap, there is a lot of stock that could be acquired.

We’ll probably get to find out if this is real or if this isn’t tonight, because Carl Icahn is scheduled to appear briefly on CNBC’s FAST MONEY at 5:00 PM EST. 

So far J.C.Penney shares are up a bit over 1% at $48.00, although the stock has traded as high as $49.14 today.  The 52-week trading range is $33.27 to $87.18.  While many retail stocks were punished hard, JCP shares are actually up so far in 2008.

CEO Ullman is one of Jim Cramer’s favorite CEO’s as well so we’d expect Cramer to be discussing this tonight on CNBC’s MAD MONEY as this is a retail stock and within his current trends.

Jon C. Ogg
February 1, 2008

Posted on: February 1, 2008 – 1:48 pm in Activist Investor, Retail, , , ,