Billionaire investor Carl Icahn shared with us back in August that he had taken “a large position” in Apple, but at the time it was unknown as to just how much stock he had purchased. Speculation at the time put the amount at more than $1 billion.
A regulatory filing now reveals that he purchased 3.88M shares, which at the time would have been worth $1.85B, reports Business Insider. With the increase in AAPL’s stock price, and additional purchases Icahn made since, it’s estimated that he now holds around $2.5B worth of Apple shares.
iCahn has been demanding a $150 billion stock buyback both publicly and privately to Apple CEO Tim Cook. iCahn says Apple shares could trade at $700 with a larger stock buyback.