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 |
Newell Brands
NWL
|
+$856M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$2.56B |
| 2 |
PayPal
PYPL
|
+$589M |
| 3 |
Freeport-McMoran
FCX
|
+$507M |
| 4 |
Xerox
XRX
|
+$40M |
| 5 |
Manitowoc
MTW
|
+$32.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 64.85% |
| 2 | Consumer Staples | 14.91% |
| 3 | Industrials | 11.11% |
| 4 | Materials | 4.38% |
| 5 | Consumer Discretionary | 2.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Icahn Enterprises
IEP
$4.83B
| $9.01B | 44.76% |
157,898,582
| – | – |
|
2
Herbalife
HLF
$1.33B
| $2.23B | 11.08% |
45,744,648
| – | – |
|
3
CVR Energy
CVI
$3.97B
| $2.15B | 10.69% |
71,198,718
| – | – |
|
4
Cheniere Energy
LNG
$57.3B
| $1.75B | 8.68% |
32,680,490
| – | – |
|
|
5
Freeport-McMoran
FCX
$110B
| $881M | 4.38% |
50,161,354
-26,994,081
| -35% | -$507M |
|
|
6
Newell Brands
NWL
$2.59B
| $772M | 3.83% |
+30,279,791
| New | +$856M |
|
|
7
Xerox
XRX
$381M
| $675M | 3.35% |
23,456,087
-1,301,415
| -5% | -$40M |
|
|
NAV
8
DELISTED
Navistar International
NAV
| $585M | 2.91% |
16,729,960
| – | – |
|
|
HTZ
9
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $581M | 2.89% |
33,682,713
| – | – |
|
|
ARII
10
DELISTED
American Railcar Industries, Inc.
ARII
| $444M | 2.21% |
11,871,268
| – | – |
|
11
Conduent
CNDT
$250M
| $369M | 1.83% |
19,806,000
| – | – |
|
12
Herc Holdings
HRI
$5.41B
| $292M | 1.45% |
4,494,789
| – | – |
|
|
WBT
13
DELISTED
Welbilt, Inc.
WBT
| $196M | 0.97% |
10,082,660
| – | – |
|
|
CVRR
14
DELISTED
CVR Refining, LP
CVRR
| $75M | 0.37% |
5,750,000
| – | – |
|
15
SandRidge Energy
SD
$532M
| $69.9M | 0.35% |
4,818,832
| – | – |
|
|
16
Manitowoc
MTW
$710M
| $48M | 0.24% |
1,686,076
-959,581
| -36% | -$32.9M |
|
|
17
American International
AIG
$39.8B
| – | – |
-42,978,619
| Closed | -$2.56B |
|
|
18
PayPal
PYPL
$52.7B
| – | – |
-8,000,000
| Closed | -$589M |
|
Similar funds
Carl Icahn's Q1 2018 Portfolio in Review
As of Q1 2018, Carl Icahn held 18 positions worth $20.1B, down 11% from $22.7B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Carl Icahn withdrew a net $2.87B in Q1 2018, closing 2 positions and reducing 3 holdings. Its most notable exit was American International, an estimated $2.56B position sold in full.
By sector, the portfolio is most concentrated in Energy at 65% of assets, up from 57% a quarter earlier, followed by Consumer Staples and Industrials.
Against the trend, Carl Icahn opened a new position in Newell Brands worth $772M.
- Carl Icahn's largest Q1 2018 buy was Newell Brands: 30,279,791 shares worth $772M.
- Carl Icahn's biggest Q1 2018 reduction was Freeport-McMoran, cutting an estimated $507M.
- Carl Icahn fully exited American International in Q1 2018, selling an estimated $2.56B.
- Carl Icahn's ten largest holdings make up 95% of its $20.1B portfolio in Q1 2018.
- Carl Icahn opened 1 new position and closed 2 in Q1 2018.
- Carl Icahn's portfolio value fell 11% quarter-over-quarter to $20.1B.
Based on Icahn Carl's 13F filing for Q1 2018, filed 15 May 2018.