Billionaire investor Carl Icahn bought back more than 12.5 million shares of Twitter Inc. in the third quarter, before Elon Musk took over the company, while also boosting his stakes in Occidental Petroleum Corp and Southwest Gas Holdings, according to a filing Monday.
According to the filing, Icahn’s stake in the social media platform, which is now private after Musk bought it last month, is worth nearly $550 million. His position on Twitter was reported by The Wall Street Journal in October. The magazine says Icahn has built up that stake over the past few months.
Elsewhere, with energy prices still rising, Icahn bought another 843,638 shares of oil producer Occidental Petroleum.
increased 5.52% and brought his total holdings to 16,116,069 shares. He also acquired 1,508,509 shares of natural gas distributor Southwest Gas .
increased by 29.56% with a total holding of 6,611,630 shares.
Shares of Southwest Gas rose 5.2% in a few hours. Mystery decreased by 0.3%.
Icahn also shed his stake in the food and beverage industry.
He sold his entire stake – 11,150,368 shares – in Welbilt Inc., which makes equipment for restaurants and other segments of the food industry. Ali Holding bought Welbilt in July. Icahn also acquired 1,040,000 shares of Crown Holdings Inc.
manufactures aluminum and steel cans and other types of packaging.
Crown Holdings shares were unchanged after hours.