As a new weekly feature here at The Acquirer’s Multiple, we’re going to take a look at the latest activist positions from some of our favorite superinvestors based on their latest 13D/13G filings. Activist investors like Warren Buffett, Carl Icahn, David Einhorn, Bill Ackman, Paul Singer, Howard Marks. John Paulson, Mario Gabelli, and Dan Loeb.
Difference Between 13D And 13G Filings
Basically, any investor that takes a 5% position in a company has to file a beneficial ownership filing in the form of a 13D or 13G, within ten days of the event. If the investor does not intend to influence management they are considered to be a passive investor and required to file a 13G. If the investor intends to influence management they are considered to be an activist investor and required to file a 13D.
This week we’ll take a look at Carl Icahn. The current market value of his portfolio is $25,693,122,000. Take note of the filing type 13D (activist), 13G (passive). Also included is the current ownership stake in the target company.
Latest Activist Positions
|Filing||Target Company||Filing Date||Shares Owned||Ownership %|
|SC 13D/A||TEN / Tenneco Inc.||2020-02-03||9,084,333||15|
|SC 13D/A||IEP / Icahn Enterprises LP||2019-12-23||197,049,652||92.2|
|SC 13D/A||LNG / Cheniere Energy Inc||2019-11-15||19,585,094||7.69|
|SC 13D/A||HLF /Herbalife Nutrition Ltd||2019-10-30||35,227,904||23.92|
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