Carl Icahn is a public investor, known for making large bets on corporations. He made his fortune by buying up shares of undervalued companies and attempting to gain control of them to improve their profitability. In March 2012, "Bloomberg Billionaires Index" ranked him as the richest person in New York City with a net worth of US$20 billion. Icahn Capital Management provides shareholders with the opportunity to participate in Mr. Icahn's investment success by owning a diversified portfolio of common stocks that he has selected and purchased for his own account. The Wall Street Journal consistently ranks him as one of the top performing hedge fund managers in the country.
Carl Icahn, the renowned investor, predominantly concentrates his investments in a collection of high-conviction stocks. His portfolio's largest holding is Icahn Enterprises L P, representing a majority stake at 59.5%, reflecting his firm belief in this diversified conglomerate. The second-largest investment is the energy sector player CVR Energy Inc, accounting for 21.9% of his portfolio, showcasing Icahn's strategic bet on the energy industry's stability and growth potential. At 7.5%, Southwest Gas Holdings Inc comes third, indicating Icahn's interest in utilities, which are often considered defensive investments. Pharmaceutical company Bausch Health Companies Inc holds the fourth position with 2.8%, suggesting a foray into healthcare, a sector known for its resilience during economic fluctuations. Lastly, Firstenergy Corp., an electric utility company, makes up 2.1% of the portfolio, underscoring a focus on essential service providers and further diversification within the utility space. Investors tracking Carl Icahn's activity can note his preference for substantial stakes in fewer companies, prioritizing sectors like energy, utilities, and healthcare for their steady performance and long-term value proposition.
He got a job in arbitrage trading in 1961. He founded his first company, Icahn & Co, in 1968. The firm specialised in arbitrage and options trading. In 1978, he increasingly changed his strategy and bought more into companies.
He is known as an active investor. Sometimes he is referred to as a “Corporate Raider”. He buys enough shares in a company to actively shape the company, e.g. by taking a leading position in the company.
Carl Celian Icahn was born in Queens, New York City on February 16, 1936. He is an American billionaire and investor. Icahn grew up in a Jewish family as the son of teachers. He studied philosophy at Princeton University. After receiving his degree in 1957, he studied medicine again at the request of his mother at New York University. However, he dropped out. He then went to the army for two years. After he came back to New York, he started his career on Wall Street.
