The Best and Worst Investments of 2013

By Ben Steverman - 2013-12-06T18:41:13Z

Photograph by Mark Lennihan/AP Photo

Company Symbol % Change
16 of 22

Best Master-Limited Partnership

Icahn Enterprises L.P.

+193.8%

Activist investor Carl Icahn isn't widely known for his involvement in master-limited partnerships, but Icahn Enterprises (IEP) makes up about half of his net worth, according to the Bloomberg Billionaires Index. MLPs are a kind of publicly traded stock that provide tax benefits and generous dividends. They're restricted to companies primarily in the natural resources, commodity and real estate industries. Icahn's firm qualifies, with a diverse group of holdings that include energy and metals companies along with rail cars, food packaging and home fashion companies.

Of 108 master-limited partnerships listed on U.S. exchanges with market capitalizations of $500 million or more.

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