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Shiho Fukada / AP Carl Icahn |
Meanwhile, billionaire investor George Soros raised his
stake in Wall Street firm Lehman Brothers [LEH
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] and Bill Gates' charitable foundation revealed holdings in Crocs and Dick's Sporting Goods, among others. (See more below.)
Icahn's Icahn Capital also disclosed he cut his stake in the Class A common stock of Time Warner Cable [TWX
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] to 1.8 million shares from 4.7 million shares as of March 31. (Video: Matt Nesto on Icahn's holdings)
He said in his quarterly disclosure filing with the U.S. Securities and Exchange Commission that his portfolio increased in value to $4.85 billion from $4.64 billion.
Icahn also reported that he had dissolved his small stake in Perry Ellis International [PERY
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] since the prior quarter and had taken up an 86,430-share stake in biopharmaceutical company Emisphere Technologies [EMIS
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].
Also, his stake in Amylin Pharmaceuticals [AMLN
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] increased to 6.8 million shares from 6.3 million shares.
Icahn settled his proxy battle with Yahoo just days before its Aug. 1 shareholder meeting, at which the activist investor had originally sought to replace the entire board with his nominees and oust Chief Executive Jerry Yang.
As part of the deal, Yahoo agreed to appoint Icahn to its nine-member board and add two new directors from Icahn's list of nominees.
Icahn has repeatedly placed pressure on mobile phone maker Motorola to turn around the business.
Soros Ups Lehman Stake to 9.5 million Shares
Soros hiked his stake in Lehman to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in a filing with the Securities and Exchange Commission.
Soros raised his stake in Lehman ahead of a turbulent month for the investment bank, whose shares plunged in mid-July amid a broader selloff in financials sparked by concern about government-backed mortgage companies Fannie Mae and Freddie Mac.
Lehman shares rose 63 cents, or 4.1 percent, to close at $16.20 before the news. They are down 18 percent since the end of June and off 75 percent so far this year.
A Lehman Brothers spokesman declined to comment. Officials at Soros' fund could not immediately be reached. Based on Lehman's share count in its most recent quarterly filing, the 9.5 million shares would be equivalent to a 1.4 percent stake.
Gates Holds Crocs, Dick's Sporting Goods
The Bill and Melinda Gates Foundation Trust disclosed holding shares of Bank of Florida [BOFL
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]
] and Dick's Sporting Goods [DKS
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] as of June 30, according to a U.S. regulatory filing on Thursday. (Video: Matt Nesto on the Gates Foundation holdings)
In a filing with the SEC, the trust disclosed holding 217,400 Bank of Florida shares, 1 million Crocs shares and 1.05 million Dick's Sporting shares.
It also raised its stake in Eastman Kodak [EK
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