Carl Icahn now owns a massive $4.4 billion of Apple shares


Bullish billionaire activist-investor Carl Icahn recently ramped up his stake in Apple to the tune of 2.8 million shares — bringing his total stake in the company to a little over $4.4 billion.

Icahn’s position was revealed in a Securities and Exchange Commission filing on Thursday, showing how Icahn now owns more than 7.5 million AAPL shares. The buy took place during the March period, which preceded Apple’s announcement of the 7-to-1 stock split and share repurchase program.

Well known for trying to take on an active role steering the companies he invests in, Icahn has previously been a thorn in Tim Cook’s side. Last year he rallied Apple shareholders to demand a stock buyback, before eventually backing down after influential proxy adviser ISS’s call against the proposal.

Still, with the Apple board having increased buyback authorization to $90 billion from a previous $60 billion — along with the stock split to take place on June 2 — Icahn’s purchase of Apple shares can be viewed as a stamp of approval concerning decisions made by the Apple board.

Until he’s unhappy again, that is.

Tim Cook should keep his dinner diary open, just in case.

  • DarthDisney

    This guy is an ass.

  • AAPL_@_$101_Is_A_Done_Deal_:)

    Now there’s an ugly man sitting pretty on a mountain of cash. In some people’s lives everything they touch turns into money and this man is a blessed example of having the Midas Touch.

About the author

Luke DormehlLuke Dormehl is a UK-based journalist and author, with a background working in documentary film for Channel 4 and the BBC. He is the author of The Formula: How Algorithms Solve All Our Problems, And Create More and The Apple Revolution, both published by Penguin/Random House. His tech writing has also appeared in Wired, Fast Company, Techmeme, and other publications. He'd like you a lot if you followed him on Twitter.

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