IEP - 81% of Carl Icahn's Portfolio Is Invested in These 2 Stocks
2023-03-16 06:05:00 ET
Carl Icahn is one of the most successful investors on Wall Street, and he takes a value-investing approach similar to Berkshire Hathaway CEO Warren Buffett. However, Icahn differs from Buffett in that he takes an active role in turning around undervalued companies by shaking up management teams or implementing other changes he believes will turn around the business. He then sells his stake in those companies once the changes are implemented and their valuations improve. This differs from Buffett, who buys undervalued stocks with the intention of holding them indefinitely.
One of Icahn's recent successes includes eBay . In 2014, Icahn took a significant position in eBay, calling it one of the worst-run companies he'd ever seen. He urged the company to spin off PayPal , which it announced it would do in August 2014. Icahn exited eBay in 2015 and sold off his stake in PayPal in 2018.
Investors can catch a glimpse of what Carl Icahn's investing in based on his most recent Form 13F filing. In it, you can see that Icahn has 81% of his stake invested in two companies: Icahn Enterprises (NASDAQ: IEP) and CVR Energy (NYSE: CVI) .
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81% of Carl Icahn's Portfolio Is Invested in These 2 Stocks