Carl Icahn Icahn Carl
Carl Icahn is one of the most famous activist investors in U.S. markets, with decades of campaigns to change corporate strategy, capital allocation, and leadership. Through Icahn-related entities he has taken large stakes in companies he views as undervalued or poorly run. His approach combines financial engineering, board engagement, and public pressure to unlock shareholder value.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Icahn Enterprises
IEP
|
+$531M |
| 2 |
SandRidge Energy
SD
|
+$1.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$102M |
| 2 |
JetBlue
JBLU
|
+$66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 78.52% |
| 2 | Materials | 9.72% |
| 3 | Utilities | 5.97% |
| 4 | Consumer Discretionary | 1.94% |
| 5 | Communication Services | 1.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $4.46B | 53.95% |
618,393,343
+68,992,804
| +13% | +$531M |
|
2
CVR Energy
CVI
$3.97B
| $1.96B | 23.73% |
71,201,875
| – | – |
|
3
CVR Partners
UAN
$1.33B
| $464M | 5.62% |
4,164,274
| – | – |
|
4
Centuri Holdings
CTRI
$2.16B
| $434M | 5.25% |
14,336,044
| – | – |
|
5
International Flavors & Fragrances
IFF
$21.5B
| $339M | 4.1% |
4,275,000
| – | – |
|
|
ECHO
6
EchoStar
ECHO
$25.2B
| $143M | 1.73% |
1,404,542
| – | – |
|
|
7
JetBlue
JBLU
$1.85B
| $118M | 1.43% |
20,658,179
-12,963,556
| -39% | -$66M |
|
8
Monro
MNRO
$392M
| $86.9M | 1.05% |
5,078,573
| – | – |
|
9
Caesars Entertainment
CZR
$6.06B
| $73.6M | 0.89% |
2,440,109
| – | – |
|
|
10
SandRidge Energy
SD
$532M
| $69.3M | 0.84% |
5,054,907
+107,206
| +2% | +$1.6M |
|
|
11
American Electric Power
AEP
$65.8B
| $59.5M | 0.72% |
434,710
-770,590
| -64% | -$102M |
|
12
Bausch + Lomb
BLCO
$6.16B
| $58M | 0.7% |
3,500,000
| – | – |
|
Similar funds
Carl Icahn's Q2 2026 Portfolio in Review
As of Q2 2026, Carl Icahn held 12 positions worth $8.26B, down 3.4% from $8.55B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Carl Icahn deployed $365M of net new capital in Q2 2026, adding to 2 existing holdings.
By sector, the portfolio is most concentrated in Energy at 79% of assets, up from 77% a quarter earlier, followed by Materials and Utilities.
On the sell side, the largest reduction was American Electric Power, an estimated $102M trimmed.
- Carl Icahn added most to Icahn Enterprises in Q2 2026, an estimated $531M increase.
- Carl Icahn's biggest Q2 2026 reduction was American Electric Power, cutting an estimated $102M.
- Carl Icahn's ten largest holdings make up 99% of its $8.26B portfolio in Q2 2026.
- Carl Icahn opened 0 new positions and closed 0 in Q2 2026.
- Carl Icahn's portfolio value fell 3.4% quarter-over-quarter to $8.26B.
Based on Icahn Carl's 13F filing for Q2 2026, filed 14 Aug 2026.