Apple Inc. (AAPL): Carl Icahn Now Has $2.5 Billion In Apple Shares

Posted Nov 15, 2013

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.

[Source: AllThingsD]