Carl Icahn owned 3.9 million shares of Apple as of September 30 - filing

Advertisement
By Reuters | Updated: 15 November 2013 19:44 IST
Activist investor Carl Icahn disclosed Thursday that he owned about 3.88 million shares of technology giant Apple Inc. at the end of September, a regulatory filing showed.

Icahn revealed on social media platform Twitter on August 13 that his investment firm had a "large position" in Apple, but did not specify the size of the stake at the time.

Icahn, who has demanded a $150 billion buyback publicly and privately to Apple chief executive Tim Cook since August, has said that Apple shares could trade at $700 with a larger stock buyback.

(Also see: Carl Icahn spoke again with Tim Cook on Apple stock buyback: Report)

Advertisement

Apple shares were up 1.44 percent to trade at $528.16 at the close of trading on Thursday. That price is up about 10.8 percent from September 30, when the stock closed at $476.75.

Advertisement

Based on that closing price and the stake revealed in the filing with the Securities and Exchange Commission, Icahn's stake in the company at the end of the third quarter was worth about $1.85 billion.

In a letter to Cook made public on October 24, Icahn revealed that he had increased his stake in Apple to just over 4.7 million shares since dining privately with Cook in September- underscoring his belief that the stock was undervalued.

Advertisement

Icahn was not immediately available for comment.

Shares in Icahn's investment firm Icahn Enterprises L.P. have risen more than 158 percent this year and were up 2.4 percent to trade at $115.38 at the close of trading Thursday.

Advertisement

Icahn's investment fund rose 26.3 percent from the start of the year through September 30, owing to investments in companies like Netflix and Herbalife, according to his firm's 10Q regulatory filing earlier this month.

© Thomson Reuters 2013

 

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2025 hub.

Further reading: Apple, Carl Icahn, Tim Cook
Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus 15T Details Revealed; New Telephoto Lens, Bigger Battery Confirmed
  2. Here's When the Oppo Find X9 Ultra Will Be Launched Globally
  3. iQOO 15R Goes on Sale in India Today: Know Price and Offers
  4. iQOO Z11x 5G Will Launch in India on This Date
  5. Aspirants Season 3 OTT Release Date Announced: When and Where to Watch it Online?
  1. NASA’s Carruthers Observatory Begins Mission to Study Earth’s Hydrogen Halo
  2. MacBook Pro (2026) Launched in India With M5 Pro, M5 Max Chips, Up to 16-Inch Display: Price, Specifications
  3. MacBook Air With M5 Chip, Up to 15.3-Inch Display Launched in India
  4. Capcom Spotlight Livestream Announced for This Week; Will Feature Pragmata, Mega Man: Dual Override and More
  5. Tanvi The Great Now Streaming on Prime Video: An Inspiring Autistic Hero’s Journey
  6. Aspirants Season 3 OTT Release Date Announced: When and Where to Watch it Online?
  7. Samsung Announces ‘Holi Hai’ Sale With Cashback on Bespoke AI Appliances
  8. Kiss of the Spider Woman OTT Release Date: Know When and Where to Watch it Online
  9. Vanchana OTT Release: When and Where to Watch the Courtroom Drama
  10. Xiaomi 18, Xiaomi 18 Pro, Xiaomi 18 Pro Max Early Leak Reveals Rear Camera Details
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.