Icahn Exits Chesapeake, Transocean Stakes, Reduces CVR RefiningBy
Billionaire activist investor discloses 3Q holdings in 13F
Carl Icahn also trimmed investments in Nuance, Allergan
Billionaire investor Carl Icahn sold out of shale driller Chesapeake Energy Corp. and offshore driller Transocean Ltd. in the third quarter, after earlier disclosing big reductions in both holdings.
Icahn also reduced his stakes in refiner CVR Refining LP, speech technology group Nuance Communications Inc., and drugmaker Allergan Plc, a regulatory filing Monday showed. He left unchanged holdings in 13 companies including insurer American International Group Inc., liquid natural gas-exporter Cheniere Energy Inc., and payments platform PayPal Holdings Inc.
Icahn, 80, rose to fame in the 1980s as a corporate raider but has rebranded as an activist investor and outspoken shareholder advocate. Worth about $20 billion, according to the Bloomberg Billionaires Index, Icahn primarily invests his own fortune rather than relying on money from outsiders.