Carl Icahn changes positions, boosts Time Warner holdings

Some SEC filings from today show several changes to Carl Icahn's investments. Please be advised that these are shown as of September 30, so they could be far different than what the filings from today have indicated. Icahn has made acquisitions of hotel stocks including 4.1 million shares of Hilton Hotels (NYSE:HLT) and 2.2 million shares of Wyndham Worldwide Corp. (NYSE:WYN).

What was surprising was that through his personal holdings and through his entities, he has apparently increased his Time Warner, Inc. (NYSE:TWX) holdings.

There are two different filings and it is unclear if there will be more or if there are some overlapping positions:

• ICAHN CARL C ET AL (0000921669) (Filer)
• ICAHN MANAGEMENT LP (0001317365) (Filer)

The reason the Time Warner position was more unusual is because he is deemed by the Street as having some restrictions on his ability to sell for a period of time and the intent of the purchase has not been telegraphed. I may follow up with another report if there are more updates, but the Street has not widely expected any changes to Time Warner holdings by Carl Icahn.

It appears that his holdings in Imclone Systems, Inc. (NASDAQ:IMCL) have also grown and he has initiated a position in Cyberonics, Inc. (NASDAQ:CYBX). Other increased holdings are Take-Two Interactive Software, Inc. (NASDAQ:TTWO). He has eliminated holdings in BJ's Wholesale Club, Inc. (NYSE:BJ) and Symantec Corp. (NASDAQ:SYMC).