NEW YORK (TheStreet) -- Shares of Fannie Mae
(FNMA) Freddie Mac
(FMCC) are trading higher today, up 2.70% to $4.56 and 2.25% to $4.54, respectively.
Carl Icahn bought about $50 million worth of common stock in both from financier Bruce Berkowitz's funds in March, according to a court filing by Mr. Berkowitz, the Wall Street Journal reports.
Icahn bought 6.8 million shares of Fannie and 5.7 million shares of Freddie from Berkowitz's Fairholme Capital Management LLC, the court document states.
Must Read: Warren Buffett's 25 Favorite Growth Stocks
He paid $4.03 a share for the Fannie stake for a total of $27.5 million, and $4.04 a share for the Freddie shares for a total of $23.2 million, the document says.
Icahn's deals would give him about 0.6% of Fannie shares outstanding, and 0.9% of Freddie. It wasn't clear if Mr. Icahn still owns the stock. He hasn't had to disclose the position and wasn't immediately available for comment Tuesday, the Journal noted.
FNMA data by YCharts
data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts