Icahn Reports Higher Stake In Motorola
February 14 2011 - 8:15PM
Dow Jones News
Billionaire investor Carl Icahn raised his wager on Motorola in
the fourth quarter, ahead of the company's split in January.
Icahn had been steadily increasing his investment in Motorola
Inc., which split into two companies--Motorola Mobility Holdings
Inc. (MMI), which sells cellphones and home set-top boxes, and
Motorola Solutions Inc. (MSI), which builds public-safety radios
and enterprise computing devices.
Icahn bought 17.6 million shares of Motorola, bringing his total
holding to roughly 268 million shares, according to a filing with
the Securities and Exchange Commission.
Icahn reported that the assets in his funds were worth $11.52
billion as of the end of the fourth quarter. The assets were valued
at $10.55 billion at the end of the third quarter.
Many investors who manage more than $100 million are required to
disclose most securities holdings within a month and a half of the
end of a quarter. The filings give the public a relatively fresh
look at the portfolios of well-known investors.
-By Roger Cheng, Dow Jones Newswires; 212-416-2153;
roger.cheng@dowjones.com
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