Leucadia National Corp

Fairholme Capital lowered its position in Leucadia National in 2Q14. The position currently accounts for 4.14% of the fund’s portfolio.

Icahn Enterprises’ segments invest in businesses that they believe to be undervalued. The company has strong financial muscle to park its permanent capital.

JANA Partners’ 13F filing disclosed a brand new position in aluminum product manufacturer Constellium N.V. (CSTM) that accounts for 1.83% of JANA’s 1Q 2014 portfolio.

Icahn Enterprises’ (IEP) stock price corrected by 33% from April 20, 2015, to April 20, 2016. On April 15, 2016, the company was trading at $61.3.

Due to its long-term value-oriented investment style and its interests in diversified businesses, Leucadia National is known as Baby Berkshire.

JANA Partners’ 13F filing said the fund sold its position in Safeway Inc. (SWY) that accounted for 3.98% of JANA’s 4Q 2013 portfolio.

The Three White Soldiers candlestick pattern is also a reversal pattern. It forms at the bottom of a downtrend. The pattern has three candles. All three of the candles are long and bullish.

JANA Partners’ 13F filing said the fund sold its position in Huntsman (HUN) that accounted for 3.27% of JANA’s 4Q 2013 portfolio.

Essent Group Ltd. saw an IPO on October 31 2013 that raised $335 million. The company sold 19.7 million shares in the IPO at $17 per share.

At the end of 2Q16, IEP’s market value of subsidiaries was $4.4 billion ($5.6 billion at the end of 1Q16). The value of unlisted companies was $4.6 billion.

On August 4, 2016, Icahn Enterprises announced its 2Q16 results, sending its shares down by 4.1% from the opening price of $55.60 to $53.31 that day.

Icahn Enterprises’ (IEP) stock fell 14.4% from April 1 to July 19, 2016. On July 20, the stock was trading at $54.0.

Icahn Enterprises (IEP) is scheduled to release its 2Q16 earnings on August 4, 2016. Icahn Enterprises’ 1Q16 revenue stood at $3.1 billion, nearly 26.6% below the market consensus of $4.3 billion.

In 4Q15, Icahn Enterprises’ (IEP) market value of subsidiaries was $7.8 billion. The value of its unlisted companies was $3.2 billion.

Icahn Enterprises’ investment strategy involves identifying and purchasing undervalued businesses and assets at distressed prices.

Following the employment report on September 4, the financial and material sectors fell, primarily due to the Fed’s uncertainty surrounding a rate hike.

The energy sector can keep both Russian ETFs down until crude oil prices do not reverse their slide. A fall in energy sector stocks would impact both Russian ETFs.

Omega Advisors trimmed its position in Harbinger Group (HRG) this month. Omega holds 10,811,163 shares, a 5.38% stake, via an amended 13G filing.

Fairholme Capital Management lowered its position in Leucadia National (LUK) by ~633,000 shares. Leucadia now accounts for 4.6% of the fund’s size.

Soros sold its 1.20% position in Johnson & Johnson (JNJ) last quarter. Johnson & Johnson’s reported 37% increase in adjusted net earnings in 4Q was mainly driven by its pharmaceutical segment.

Barrick Gold (ABX), the world’s top gold producer, is a 1.25% position in Soros’ U.S. long portfolio initiated in 4Q 2013.

Soros revealed a 1.03% position in Leucadia National Corp. (LUK). Leucadia is a diversified holding company engaged through its consolidated subsidiaries in a variety of businesses.

Soros initiated a 1.01% position in JP Morgan peer Citigroup Inc. (C) in 4Q 2013. Citigroup Inc (C) saw profits more than double in its 4Q results last month, but shares fell as earnings fell short of analyst estimates.

Soros Management initiated a 1.41% position in JPMorgan Chase (JPM) in 4Q 2013. JPMorgan shares were up in November last year after the bank put its legal issues behind it.