Icahn Capital: 13F holdings, Q1 2011
Activist · SEC EDGAR filings (CIK 0001412093) · Explore on the interactive board
Icahn Capital disclosed 18 US equity positions worth $4.2bn in its Q1 2011 13F filing (holdings as of March 31, 2011, filed May 16, 2011). Its largest position is BIIB at 22.7% of the reported book, followed by GENZYME CORP, CLX. The top ten holdings are 95.2% of the book, and the portfolio behaves like about 7 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 2, reduced 2 and exited 3. Note: this manager's most recent filing is 61 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Icahn Capital own? Top holdings as of March 31, 2011
Change is measured in shares against the previous filing (Q4 2010), so price moves do not read as decisions. This quarter: 3 new, 2 added, 2 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | BIIB BIOGEN IDEC INC | Healthcare | 22.7% | $943.8m | 12,860,205 | 0% | held |
| 2 | GENZYME CORP | 19.2% | $798.1m | 10,480,000 | 0% | held | |
| 3 | CLX CLOROX CO DEL | Consumer Defensive | 16.8% | $700.7m | 10,000,000 | – | new |
| 4 | MOTOROLA MOBILITY HLDGS INC | 15.7% | $654.0m | 26,804,565 | – | new | |
| 5 | LIONS GATE ENTMNT CORP | 5.4% | $223.2m | 35,713,655 | 0% | held | |
| 6 | MENTOR GRAPHICS CORP | 4.5% | $188.7m | 12,896,232 | 0% | held | |
| 7 | LAWSON SOFTWARE INC NEW | 4.2% | $172.8m | 14,278,916 | 5% | added | |
| 8 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 3.6% | $151.3m | 9,844,502 | 0% | held |
| 9 | CHESAPEAKE ENERGY CORP | 1.6% | $65.5m | 1,954,908 | -91% | reduced | |
| 10 | CMC COMMERCIAL METALS CO | Industrials | 1.5% | $63.8m | 3,692,984 | 0% | held |
| 11 | CYBERONICS INC | 1.5% | $61.4m | 1,929,569 | -8% | reduced | |
| 12 | FOREST LABS INC | 1.3% | $53.4m | 1,652,372 | 36% | added | |
| 13 | ENZON PHARMACEUTICALS INC | 1.2% | $51.5m | 4,723,891 | 0% | held | |
| 14 | EXEL EXELIXIS INC | Healthcare | 0.6% | $26.6m | 2,357,110 | 0% | held |
| 15 | SOUTHERN UN CO NEW | 0.1% | $5.3m | 186,154 | – | new | |
| 16 | LIONS GATE ENTMNT CORP | 0.0% | $918.0k | 923,200 | 0% | held | |
| 17 | LIONS GATE ENTMNT CORP FRNT 3.625% 3/1 | 0.0% | $341.0k | 343,200 | 0% | held | |
| 18 | ADVENTRX PHARMAMACEUTICALS INC | 0.0% | $289.0k | 138,377 | 0% | held |
What did Icahn Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| MOTOROLA INC | 97.3% | $1.9bn |
| MAS MASCO CORP | 2.6% | $52.9m |
| NAV NAVISTAR INTL CORP NEW | 0.0% | $540.0k |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 23.3% |
| Consumer Defensive | 16.8% |
| Communication Services | 3.6% |
| Industrials | 1.5% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Icahn Capital's portfolio?
Across every quarter Icahn Capital has filed, its median largest position is 33.5% of the book and its median top-ten weight is 97.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 34 completed holding spells, the median lasted 3.5 quarters; 18 positions are still open and their final length is unknown.