Follow the Rich
Activist · Corporate Raider
Carl Icahn
Icahn Enterprises / Icahn Capital
Founder and Chairman
Investing style
Activist investing — taking large stakes in companies he believes are undervalued or mismanaged, then pushing publicly for changes.
Famous principles
- "When most investors, including the pros, all agree on something, they're usually wrong."
- Buy something no one wants, and change what management is doing.
- Unlock shareholder value through governance, spin-offs, or capital returns.
NoteFiled as 'Icahn Carl C' with Icahn Capital LP and related managers. Nearly half the reported portfolio is Icahn's own Icahn Enterprises units. Holdings aggregated by issuer (18 filing entries → 12 issuers).
Total portfolio value
$8.55B
Positions
18
Largest holding
IEP · 48.5%
Biggest move this quarter
Added: CVI $2.40B
Allocation
Top 8 holdings + Other
| Ticker | Company | Value | % of Portfolio | Change |
|---|---|---|---|---|
| Icahn Enterprises LP (Depositary Units) | $4.15B | 48.49% | unchanged | |
| CVR Energy Inc | $2.40B | 28.01% | added | |
| CVR Partners, LP | $527.5M | 6.17% | unchanged | |
| Centuri Holdings, Inc. | $418.8M | 4.90% | unchanged | |
| International Flavors & Fragrances | $310.2M | 3.63% | unchanged | |
| EchoStar Corporation (Cl A) | $164.4M | 1.92% | trimmed | |
| American Electric Power Co | $158.0M | 1.85% | unchanged | |
| JetBlue Airways Corp | $148.6M | 1.74% | unchanged | |
| Monro, Inc. | $81.5M | 0.95% | unchanged | |
| SandRidge Energy, Inc. | $80.7M | 0.94% | added | |
| Caesars Entertainment, Inc. | $64.5M | 0.75% | unchanged | |
| Bausch + Lomb Corp | $55.6M | 0.65% | unchanged |
Showing top 12 of 18 reported positions.
What changed this quarter
- addedCVICVR Energy Inc
- trimmedSATSEchoStar Corporation (Cl A)
- addedSDSandRidge Energy, Inc.
- exitedSWXSouthwest Gas Holdings Inc