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Carl Icahn Buys 45 Million Apple Shares

Aug 15, 2014, 03:01 IST

Carl Icahn bought 45 million shares of Apple, bringing his holdings in the iPhone maker to more than $857 million, according to his latest 13F filing with the SEC.

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Icahn's filing also showed that he sold another 480,000 shares of Netflix, bringing his holding in the internet streaming video service to 1.76 million shares worth about $2.9 billion.

A 13F requires hedge funds to disclose their long positions within 45 days after a quarter ends, and so Thursday's filing represents Icahn's holdings as of June 30.

Icahn's 13F also showed that he took a new 2.7 million share stake in Gannett, though a subsequent filing with the SEC on Thursday shows that Icahn significantly increased this stake to nearly 15 million shares.

Icahn said he took a stake in the company because he believed it was undervalued and would benefit from a split of its print and broadcasting assets. Gannett announced on August 5 it would do just that, and Icahn said he plans to have discussions with management regarding the planned separation, though he has not done so to this point.

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In after hours trade on Thursday Gannett shares were up more than 5.5%.

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