GO
Loading...

Icahn Fund Discloses Major Stakes in Alcan and Alcoa

U.S. billionaire investor Carl Icahn reported on Tuesday that his fund has taken significant stakes in aluminum companies Alcan and Alcoa , which had previously held discussions to merge.

Carl Icahn
Shiho Fukada
Carl Icahn

Icahn Management reported in a filing with the U.S. Securities and Exchange Commission its holdings as of June 30, which included a 3.52 million share stake in Alcoa and a 1.18 million share stake in Alcan.

The fund also reported its stake in mobile phone maker Motorola, which came to 69.11 million shares when combined with Icahn's individual holdings disclosed in a separate filing.

Icahn said in May that he and affiliates owned more than 68 million Motorola shares, or a roughly 3% stake.

Icahn had failed to win a seat on the board at Motorola in May after a bitter proxy battle with the company. Motorola, which posted its second quarterly loss in a row on July 19, has been losing market share to rivals amid criticism about its product line-up.

Icahn Management also reported holding a 3.92 million share stake in Kraft Foods, in which fellow billionaire investor Nelson Peltz has also taken a stake.

Further, the fund reported owning 2.37 million shares of retailer Macy's, 3.78 million shares of packaging maker MeadWestvaco and 7.94 million shares of business software maker BEA Systems, which were not reported in the previous quarter's holdings.

The fund also reported taking a 1.47 million share stake in Clear Channel Communications, a 1.74 million share stake in Enzon Pharmaceuticals and a 3.24 million share stake in contract driller and equipment maker Rowan.

Symbol
Price
 
Change
%Change
MSSVX
---
ENZN
---
MDLZ
---
M
---
MWV
---
RDC
---

The overall value of Icahn Management's holdings almost doubled from the previous quarter to $4.29 billion as of June 30.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*

Don't Miss

U.S. Video

  • CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The markets were closed for Thanksgiving, but did manage to hit new highs. Low oil prices gave consumers more money to spend for Black Friday.

  • Cyber Monday deals on Walmart's website on Dec. 2, 2013.

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top stories. The jobs report comes out this week, as do auto sales. And the Rockefeller Center Christmas tree is lit.

  • Following last week's wild energy ride, analysts expect oil prices to continue to drop during the holiday season. CNBC's Patti Domm reports.