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CARL ICAHN767 5th Avenue, 47th FloorNew York, NY 10153212-702-4300
Icahn Capital LP is a privately owned family office. In 2011, Icahn returned all fee paying capital to investors. As of his 13F from December 31, 2014, Icahn reported managing $31.90 billion across 22 different positions.
Carl Icahn is an American billionaire financier, corporate raider and private equity investor. In 2009, Forbes estimated his net worth to be $9 billion and is in an eight way tie for the 43rd richest man in the world. Icahn obtained an A.B. in Philosophy from Princeton University in 1957 and dropped out of the New York University School of Medicine. His career on Wall Street began in 1961 and in 1968 he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading. In 1978 he began seizing control of positions in individual companies including: RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Vicacom, Uniroyal, Dan River, Marshall Field, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Kerr-McGee, Time Warner and Motorola.
Highfields Capital Tudor InvestmentMetropolitan Capital AdvisorsSAC CapitalSandell Asset ManagementEastborrne Capital Management
Carl Icahn is the quintessential activist and has been extremely successful in both his return on investment and attaining his activist goals. He is very passionate about shareholder rights and good corporate governance and will go to extreme lengths to fight incompetent boards and over compensated managers. He has even formed the United Shareholders of America to assist in this battle. However, his most successful activist maneuvers have been orchestrating acquisitions or joint ventures in some of his larger positions, such as BEA Systems, ImClone and Medimmune. In March of 2011 he returned all outside money to investors and now manages only his own capital, in excess of $5 billion.
Footnote (*): Energen Corp.: Co-Filer Xerox Holdings Corp: The return is reflected to show the spinoff of Conduent Incorporated (CNDT) from Xerox Corp. (XRX) where each XRX shareholder received one share of CNDT for every five shares of XRX they held as of the close of business on December 15, 2016, the record date for the distribution. In addition, the return is reflected to show the one-for-four reverse stock split on June 14, 2017. Manitowoc Company Inc: The return is reflected to show the spin-off of Welbilt, Inc. (WBT) from Manitowoc Co. (MTW) on March 4, 2016. Each shareholder received one share of MFS for each share of MTW previously owned.
The return is also reflected to show the 1-for-4 reverse stock split on November 20, 2017. Herc Holdings Inc.: The return is reflected to show the spin-off of Hertz Global Holdings, Inc. (HTZ) from Herc Holdings Inc. (HRI) where for every five shares of HRI, shareholders received one share of HTZ. Herbalife Limited: The return is reflected to show the 2-for-1 stock split on May 15, 2018. Voltari Corp: The return is reflected to show the 1-for-10 reverse stock split on April 22, 2013. Motorola Solutions Inc: The return is reflected to show the one-for-seven reverse stock split of MSI and the spinoff of Motorola Mobility (MMI), where for every eight shares of old Motorola, shareholders received one share of MMI.
Activism where the activist owns 5% or less of the company’s common stock, and therefore was not required to file a 13D.
Footnote (*): Under The Threshold
The information contained herein is based on public filings, public data and, in
some cases, information provided by third parties that may not be publicly available.
The information is based upon sources we believe to be reliable, but is not guaranteed
by us and does not support to be a complete or error-free statement or summary of
the available data. In certain situations, such as bankruptcy exits and acquisitions,
the returns may not reflect proceeds received by the filer after the 13D exit due
to a restructuring investment made pursuant to a bankruptcy or an investment made
by the filer as part of the acquisition group. The filer’s return on its 13D investment
is based on the filer’s average cost and if not available, the closing price on
the date of the 13D filing. When a filer exits its 13D investment pursuant to a
13G filing or 13D amendment reporting less than 5% ownership, the exit price assumes
that the filer disposed of its remaining shares at the closing price on the date
of exit. In certain situations, the filer may own less than 5% of the company and
still have a live filing, as it may be part of a group.