Billionaire activist Carl Icahn‘s Icahn Capital has recently cut its position in Nuance Communications Inc. (NASDAQ:NUAN), according to a recent filing with the US Securities and Exchange Commission. The filing showed that Icahn owns around 30.07 million shares of Nuance, which represent 9.88% of the company’s outstanding stock. The holding compares with 34.47 million shares the investor disclosed in an earlier filing.
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Earlier this month, Icahn entered into a Stock Purchase Agreement with Nuance Communications Inc. (NASDAQ:NUAN), under the terms of which the investor sold some 26.32 million shares to Nuance at $19.00 apiece (read more details here).
Overall, heading into 2016, a total of 31 of the hedge funds tracked by Insider Monkey held long positions in Nuance Communications Inc. (NASDAQ:NUAN), with Icahn Capital holding the largest position. Principal Global Investors‘ Columbus Circle Investors also reported a substantial position, worth $88.7 million as of the end of 2015. Other funds bullish on Nuance include Jim Simons’ Renaissance Technologies, D. E. Shaw’s D E Shaw and Israel Englander’s Millennium Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| High River Limited Partnership | 6,013,769 | 0 | 6,013,769 | 0 | 6,013,769 | 1.98% |
| Hopper Investments | 0 | 6,013,769 | 0 | 6,013,769 | 6,013,769 | 1.98% |
| Barberry Corp | 0 | 6,013,769 | 0 | 6,013,769 | 6,013,769 | 1.98% |
| Icahn Partners Master Fund | 9,989,076 | 0 | 9,989,076 | 0 | 9,989,076 | 3.28% |
| Icahn Offshore | 0 | 9,989,076 | 0 | 9,989,076 | 9,989,076 | 3.28% |
| Icahn Partners | 14,065,988 | 0 | 14,065,988 | 0 | 14,065,988 | 4.62% |
| Icahn Onshore | 0 | 14,065,988 | 0 | 14,065,988 | 14,065,988 | 4.62% |
| Icahn Capital | 0 | 24,055,064 | 0 | 24,055,064 | 24,055,064 | 7.90% |
| IPH GP | 0 | 24,055,064 | 0 | 24,055,064 | 24,055,064 | 7.90% |
| Icahn Enterprises Holdings | 0 | 24,055,064 | 0 | 24,055,064 | 24,055,064 | 7.90% |
| Icahn Enterprises G.P. Inc | 0 | 24,055,064 | 0 | 24,055,064 | 24,055,064 | 7.90% |
| Beckton Corp | 0 | 24,055,064 | 0 | 24,055,064 | 24,055,064 | 7.90% |
| Carl C. Icahn | 0 | 30,068,833 | 0 | 30,068,833 | 30,068,833 | 9.88% |
