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's investment strategy is showcased in his top five stocks, reflecting a diverse yet focused portfolio. Icahn Enterprises L.P., a conglomerate of various industries, dominates his investments at 59.9%. Energy sector holdings are significant for Icahn, with CVR Energy Inc representing 21.0% of his portfolio; this indicates a strong belief in the energy market's profitability. Natural gas services company Southwest Gas Holdings Inc also has a prominent share at 7.8%, showing Icahn’s interest in utility investments. The pharmaceutical industry isn't overlooked, as Bausch Health Companies Inc constitutes 2.9% of his assets, suggesting a strategic position within healthcare. Lastly, at 2.2%, FirstEnergy Corp. anchors his commitment to the electrical utilities space. This composition illustrates Carl Icahn's investment acumen and provides insights into sectors he deems valuable.
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.