FilingsTodayCarl Icahn
At a glance
One of the best-known activist investors, active since the 1980s. He builds large stakes and then pushes for board changes or a sale, investing largely through the listed Icahn Enterprises. Holdings are few and individually large.
At the end of 2026 Q2, Carl Icahn's 13F listed 12 US stocks worth $8.26B. The largest position was Icahn Enterprises LP at 54% of the portfolio, and the top 10 made up 98.6%, a concentrated book. The five biggest holdings were Icahn Enterprises LP ($4.46B), CVR Energy ($1.96B), CVR Partners, LP ($464.2M), Centuri Holdings ($433.5M) and International Flavors & Fragrances ($338.7M).
Against 2026 Q1, it opened 0 new positions and sold out of 0. Among the bigger holdings it added to Icahn Enterprises LP (+12.6% shares) and Sandridge Energy (+2.2% shares). It trimmed Jetblue Airways (-38.6%) and American Electric Power (-63.9%).
Over 8 quarters from 2024 Q3 to 2026 Q2, the reported portfolio went from $9.88B to $8.26B (-16.3%) and from 14 to 12 stocks. It was largest at 2024 Q3 ($9.88B). Icahn Enterprises LP was the largest holding in every quarter. New positions and exits added up to 6 over these quarters.
Top 10 by weight
Quarter by quarter (last 8)
| Quarter | Total value | Stocks | New | Exited | Largest |
|---|---|---|---|---|---|
| 2026 Q2 | $8.26B | 12 | 0 | 0 | Icahn Enterprises LP |
| 2026 Q1 | $8.55B | 12 | 0 | 1 | Icahn Enterprises LP |
| 2025 Q4 | $8.45B | 13 | 0 | 0 | Icahn Enterprises LP |
| 2025 Q3 | $9.14B | 13 | 2 | 1 | Icahn Enterprises LP |
| 2025 Q2 | $7.89B | 12 | 0 | 2 | Icahn Enterprises LP |
| 2025 Q1 | $7.49B | 14 | 0 | 0 | Icahn Enterprises LP |
| 2024 Q4 | $7.42B | 14 | 0 | 0 | Icahn Enterprises LP |
| 2024 Q3 | $9.88B | 14 | - | - | Icahn Enterprises LP |
Holdings top 12
| Stock | Value | Weight | Share change |
|---|---|---|---|
| Icahn Enterprises LPAdded | $4.46B | 53.95% | +12.6% |
| CVR Energy CVI | $1.96B | 23.73% | 0.0% |
| CVR Partners, LP UAN | $464.2M | 5.62% | 0.0% |
| Centuri Holdings CTRI | $433.5M | 5.25% | 0.0% |
| International Flavors & Fragrances IFF | $338.7M | 4.10% | 0.0% |
| EchoStar ECHO | $142.6M | 1.73% | 0.0% |
| Jetblue Airways JBLUReduced | $118.4M | 1.43% | -38.6% |
| Monro MNRO | $86.9M | 1.05% | 0.0% |
| Caesars Entertainment CZR | $73.6M | 0.89% | 0.0% |
| Sandridge Energy SDAdded | $69.3M | 0.84% | +2.2% |
| American Electric Power AEPReduced | $59.5M | 0.72% | -63.9% |
| Bausch Plus Lomb | $58M | 0.70% | 0.0% |
Source: SEC Form 13F. Options and bonds are excluded; multiple lines for the same stock are combined. Stocks are matched by their SEC-registered names.