Billionaire Carl Icahn acquired a 1 percent stake in Hilton Hotels Corp. Tuesday, according to a filing with the Securities and Exchange Commission.

The New York-based investor acquired 4.1 million shares of the Beverly Hills-based hotel owner and operator, worth $126.7 million at Tuesday’s closing price of $30.91 which was a 52-week high for the stock.

Icahn also acquired about the same amount of stock in Parsippany, N.J.-based hotel operator Wyndham Worldwide Corp.

Icahn has earned a reputation for buying sizable stakes in public companies and then leaning on management to make changes to boost shareholder returns like he did earlier this year when he voiced his desire to break up Time Warner Inc. all in a successful effort to increase the media giant’s stock value.

Icahn’s stake in Hilton was made public two weeks after Hilton reported solid third-quarter earnings which boosted its stock nearly 30 percent.

Analysts speculated that Icahn’s interest in Hilton is relatively passive, for now.

Shares in Hilton were up 4 cents to $30.95 early Wednesday.