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


Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

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.

Source: WSJ



Daily round-ups or a weekly refresher, straight from Cult of Mac to your inbox.

  • The Weekender

    The week's best Apple news, reviews and how-tos from Cult of Mac, every Saturday morning. Our readers say: "Thank you guys for always posting cool stuff" -- Vaughn Nevins. "Very informative" -- Kenly Xavier.