Billionaire Carl Icahn Portfolio: Top 5 Stock Picks

2. Cheniere Energy, Inc. (NYSE:LNG)

Carl Icahn’s Stake Value: $1,579,188,000

Percentage of Carl Icahn’s 13F Portfolio: 7.01%

Number of Hedge Fund Holders: 49

Cheniere Energy, Inc. (NYSE:LNG), a liquified natural gas company from Houston, is one of the top stock picks of Carl Icahn from the third quarter, with the billionaire owning more than 16 million shares in Cheniere Energy, Inc. (NYSE:LNG), worth $1.57 billion, representing 7.01% of his Q3 portfolio. 

Cheniere Energy, Inc. (NYSE:LNG), on November 4, reported its Q3 results. EPS in the quarter equaled -$4.23, missing estimates by -$5.50. The revenue totaled $3.20 billion, missing estimated revenue by $547.43 million. 

On November 17, Mizuho analyst Robert Mosca initiated coverage of Cheniere Energy, Inc. (NYSE:LNG) with a Buy rating and a $122 price target. The analyst expects Cheniere Energy, Inc. (NYSE:LNG) to benefit from the lucrative market opportunities before the gas backdrop normalizes. 

At the end of Q3, 49 hedge funds in the database of elite funds maintained by Insider Monkey reported owning stakes in Cheniere Energy, Inc. (NYSE:LNG), worth $3.1 billion. This is compared to the same number of funds in the preceding quarter, holding total stakes valued at $2.9 billion. 

Michael Lowenstein’s Kensico Capital is one of the leading stakeholders of Cheniere Energy, Inc. (NYSE:LNG), holding a $341 million position in the company at the end of September. 

Here is what Horizon Kinetics has to say about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2021 investor letter:

“Cheniere Energy, from this list, shows our time frame approach in action. The share price is up very substantially from when we initially bought it 2 ½ years ago, and it reaches new all-time highs almost monthly. The stock dropped by 50% early last year, and the entire return occurred this year. You might think, ‘Ok, 3 years, excellent performance, that’s it.’ That’s not why we bought it. We bought a certain business model, a value development pattern on a massive dormant asset, and a valuation discount.

We bought Cheniere because it was exceedingly cheap as it transitioned from a development stage operating company stage, having just turned profitable a year after completing its basic plant construction and selling its first shipload of liquified natural gas (LNG): 2017 loss of $(390) million vs. 2018 earnings of $470 million…” (Click here to see the full text)