Carl Icahn

Icahn Enterprises

Annualized Return

10-Year Compound Annual Growth Rate

7.9%

10-Year ROI

10-Year Cumulative Return on Investment

55%
S&P 500 Index
Annualized
Return
5.9%
10-Year
ROI
77%

Current Holdings

Ticker Company Portfolio Weight P/E Fwd P/E PEG P/S P/B

Who is Carl Icahn?

Carl Icahn (born 1936) is the founder and chairman of Icahn Enterprises, a diversified business conglomerate (based in NYC). He grew up in a rough area of Queens, NY. Icahn graduated from Princeton U with a Bachelors in philosophy, and then entered NYU’s School of Medicine but dropped out to join the army. His father was an opera singer until he settled as a substitute teacher, and his mother was a schoolteacher. Despite his non-finance background, Icahn began his career on Wall Street as a stockbroker in 1961 and then started Icahn & Co. (1968), a securities firm focusing on risk arbitrage and options. In 1978 he began taking controlling stakes of companies and ultimately developed a reputation as the ruthless “corporate raider”. Today he is worth $17.1 billion.

Investment Style

“Activist”, “Deep Value”, “Contrarian”

Carl Icahn is known for his hostile takeovers. He has taken controlling stakes of mismanaged companies to fire the managers and replace with more qualified ones. He has had a track record of success doing this, thus earned the reputation of “corporate raider”. Carl Icahn also looks for “cigar butt” companies and contrarian opportunities. He buys up stock of failing investments and turns them around to create the “Icahn lift” phenomenon. In doing this, he has managed to take high risk and achieve very high returns.