Home > Finance, Technology > Carl Icahn Increases Stake In Apple, Pushes for Stock Buyback

Carl Icahn Increases Stake In Apple, Pushes for Stock Buyback

Thursday, October 24th, 2013 Leave a comment Go to comments

Earlier today, well-known activist investor Carl Icahn went on CNBC and made a push for Apple to engage in a $150 billion stock buyback. While Icahn’s comments certainly make the headlines, it should be noted that Icahn’s $2.5 billion stake in Apple means he only owns roughly 0.5% of the tech giant. Put in a broader context, Icahn remains far down the list of Apple’s top shareholders.

Below is a chart of Apple’s top shareholders. Notably, Blackrock tops the list with just over a 5% stake in the company.

 

FloatingPath_Icahn-in-Apple-600x392

 

Source: Floating Path

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