Carl Icahn, the billionaire activist investor, has increased his holdings in Apple Inc. (NASDAQ:AAPL). According to a filing with the SEC, Icahn Enterprises has disclosed an Apple stake that is worth nearly $1.9 billion as of September 30th. However, Icahn sent a letter to Apple CEO Tim Cook, which has disclosed that his stake has increased to 4.7 million shares. Based on these shares, his ownership in Apple is now worth $2.5 billion. Icahn is not one of Apple’s Top 10 institutional shareholders. But if Icahn Enterprises was a mutual fund, then it would rank seventh.
Apple’s largest single shareholder is a mutual fund owned by Vanguard Group. Vanguard owns around 44 million shares as of September 30th (5% of the shares outstanding that is worth around $23.2 billion).
Carl Icahn has been hounding Apple Inc. (NASDAQ:AAPL) CEO Tim Cook to buy back $150 billion in stock. Icahn and Cook had dinner on September 30th to talk about that idea.
Apple Inc. (NASDAQ:AAPL) is sticking with their plan to buy back $60 billion and will make dividend payments, which will return around $100 billion back to shareholders. In the last five quarters, Apple Inc. (NASDAQ:AAPL) bought back shares and dividends that was worth $36 billion.