Investor Carl Icahn Buys Another 2.8 Million Apple Shares
Submitted by Jon Reed on
Billionaire hedge fund trader Carl Icahn has increased his holdings in Apple (NASDAQ: AAPL) by 2.8 million shares - about $1.65 billion, according to a Security and Exchanges Commission filing. The move brings his stake in the company up to a total of 7.5 million shares which, as of this writing, is worth just under $4.5 billion.

Icahn has been quite vocal recently about what Apple should be doing, namely buying back shares. In January he purchased $500 million worth of shares and tweeted, "Just bought $500 mln more AAPL shares. My buying seems to be going neck-and-neck with Apple's buyback program, but I hope they win that race." Whether on account of Icahn's pressure or not, Apple did indeed expand its stock repurchase program last month, announcing that its board had authorized up to