Activist investor Carl Icahn reported his holding to the Securities and Exchange Commission (SEC) for the third quarter of 2012. Based on the 13f submitted by Icahn Associates Corp, his portfolio has approximately $11.205 billion market value.
During the third quarter, Carl Icahn purchased one stock, increased his stake in five companies and exited his positions in two stocks. The activist investor’s top holdings include Icahn Enterprises, L.P. (NASDAQ:IEP) 97,183,300 shares worth approximately $3.965 billion. The stock accounts for 35.38 percent of his portfolio. His second largest holding is CVR Energy, Inc. (NYSE:CVI); Icahn owns 71,189,718 shares worth approximately $2.616 billion. The stake in CVI represents 23.51 percent of his portfolio.
Icahn also owns 30,662,005 shares of Forest Laboratories, Inc. (NYSE:FRX) shares with an estimated value of $1.091 billion, 50,085,202 shares Chesapeake Energy Corporation (NYSE:CHK) worth approximately $945 million, and 79,697,804 shares Federal-Mogul Corporation (NASDAQ:FDML) with an estimated value of 701.8 million. The three stocks represent 9.47 percent, 8.43 percent, and 6.26 percent in his portfolio, respectively. Eagle Capital also owns a major position in Chesapeake Energy Corporation (NYSE:CHK). Mohnish Pabrai bought a large stake in CHK equity and Dan Loeb purchased the debt.
The activist investor’s new major position for the third quarter is Netflix, Inc. (NASDAQ:NFLX). We previously reported that Icahn acquired nearly a 10 percent stake. Carl Icahn is currently pushing for changes in the company and he is encouraging the shareholders of Netflix, Inc. (NASDAQ:NFLX) to support his proposal to sell the company to a technology giant capable of boosting the company’s distribution worldwide.
In response to Icahn’s proposal, the management of Netflix, Inc. (NASDAQ:NFLX) led by CEO Reed Hastings implemented a “poison pill plan” to prevent him from acquiring more shares in the company. Icahn criticized the action taken by the management of Netflix and described it as a poor example of corporate governance. Icahn says that he is prepared for a war against Netflix’s management if necessary.
Icahn increased his holding in Federal-Mogul Corporation (NASDAQ:FDML) by 312,549 shares, Forest Laboratories Inc (NYSE:FRX) by 4,300,319 shares, Navistar International Corp (NYSE:NAV) 2,082,597 shares, and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 301,740 shares.
Last month, Navistar avoided a proxy fight against Icahn by agreeing to appoint three new members to its board of directors.
During the third quarter, Icahn exited his positions in Amylin Pharmaceuticals LLC (NASDAQ:AMLN) and Dynegy Inc. (NYSE:DYN).