Updated from 7:06 a.m. EDT

Carl Icahn, the noted stock trader and corporate raider, made his billions with the help of Michael Milken's junk bonds. Icahn hasn't been successful yet with his activism with Yahoo! ( YHOO), but over the years, he has been extremely successful.

With the recent volatility in the stock market, investors interesting in piggybacking on Icahn's investments might want to pay special attention to those with high yields. With that in mind, Stockpickr has reviewed Icahn's stockholdings and compiled a list of the highest-yielding Icahn stocks, including J.C. Penney ( JCP) and Motorola ( MOT).

To read more, visit Stockpickr.com.
Stockpickr is a wholly owned subsidiary of TheStreet.com.

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