It’s Shaping Up To Be A Tough Year For Carl Icahn

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Rupert Hargreaves
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H/T Climateer Investing 2015 is shaping up to be a year Carl Icahn would rather forget. Year-to-date almost all of Icahn’s personal equity investments, and those of Icahn Enterprises LP have underperformed the market. Excluding dividends, year-to-date Icahn Enterprises LP is down 15%. These declines are a direct result of the poor performance of top holdings; American Railcar Industries, Inc., Tropicana Entertainment Inc., Federal-Mogul Holdings Corp., CVR Energy Inc., CVR Refining, LP and CVR Partners, LP. Carl Icahn’s other holdings have also taken a hammering recently. Chesapeake Energy Corporation has lost nearly two-thirds of its value so far this year: While Apple Inc. has fallen 7.5%…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk

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