Icahn owned 3.9 million shares of Apple as of Sept. 30 -filing


(Corrects seventh paragraph to say Icahn Enterprises L.P.shares up more than 158 percent)

By Sam Forgione

NEW YORK, Nov 14 (Reuters) - Activist investor Carl Icahndisclosed Thursday that he owned about 3.88 million shares oftechnology giant Apple Inc. at the end of September, aregulatory filing showed.

Icahn revealed on social media platform Twitter on August 13that his investment firm had a "large position" in Apple, butdid not specify the size of the stake at the time.

Icahn, who has demanded a $150 billion buyback publicly andprivately to Apple chief executive Tim Cook since August, hassaid that Apple shares could trade at $700 with a larger stockbuyback.

Apple shares were up 1.44 percent to trade at $528.16 at theclose of trading on Thursday. That price is up about 10.8percent from Sept. 30, when the stock closed at $476.75.

Based on that closing price and the stake revealed in thefiling with the Securities and Exchange Commission, Icahn'sstake in the company at the end of the third quarter was worthabout $1.85 billion.

In a letter to Cook made public on Oct. 24, Icahn revealedthat he had increased his stake in Apple to just over 4.7million shares since dining privately with Cook in September-underscoring his belief that the stock was undervalued.

Icahn was not immediately available for comment.

Shares in Icahn's investment firm Icahn Enterprises L.P. have risen more than 158 percent this year and were up2.4 percent to trade at $115.38 at the close of tradingThursday.

Icahn's investment fund rose 26.3 percent from the start ofthe year through Sept. 30, owing to investments in companieslike Netflix and Herbalife, according to hisfirm's 10Q regulatory filing earlier this month. (Reporting by Sam Forgione; Editing by Jennifer Ablan and BillTrott)


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