Icahn hundreds up on Twitter, oil and fuel in third quarter, dumps Welbilt



Billionaire investor Carl Icahn acquired greater than 12.5 million shares of Twitter Inc. through the third quarter, forward of Elon Musk’s takeover of the corporate, whereas additionally boosting his holdings in Occidental Petroleum Corp. and Southwest Gasoline Holdings., in response to a submitting Monday.

Icahn’s stake within the social media platform, which is now personal after Musk purchased it final month, was price almost $550 million, in response to the submitting. His place in Twitter was reported by the Wall Road Journal in October. The Journal mentioned Icahn constructed up that stake over the previous few months.

Elsewhere, with power costs nonetheless elevated, Icahn scooped up 843,638 extra shares of oil producer Occidental Petroleum
representing a 5.52% enhance, and bringing his whole holdings to 16,116,069 shares. He additionally acquired 1,508,509 shares of pure fuel distributor Southwest Gasoline
representing a 29.56% enhance, for whole holdings of 6,611,630 shares.

Shares of Southwest Gasoline have been up 5.2% after hours. Occidental dipped 0.3%.

Icahn additionally shook up his holdings within the meals and beverage business.

He offered off his whole stake — 11,150,368 shares — in Welbilt Inc., which makes gear for eating places and different segments of the meals business. Ali Holding purchased Welbilt in July. Icahn additionally acquired 1,040,000 shares of Crown Holdings Inc.
which makes aluminum and metal cans and different packaging.

Crown Holdings inventory was unchanged after hours.

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