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 |
Dell
DELL
|
+$611M |
| 2 |
Icahn Enterprises
IEP
|
+$326M |
| 3 |
EGN
Energen
EGN
|
+$188M |
| 4 |
Newell Brands
NWL
|
+$127M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VMW
VMware, Inc
VMW
|
+$284M |
| 2 |
Cigna
CI
|
+$85.5M |
| 3 |
Cheniere Energy
LNG
|
+$19.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 68.97% |
| 2 | Consumer Staples | 10.74% |
| 3 | Industrials | 8.48% |
| 4 | Technology | 5.42% |
| 5 | Materials | 2.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $12.1B | 47.9% |
170,793,800
+4,400,450
| +3% | +$326M |
|
2
CVR Energy
CVI
$3.97B
| $2.86B | 11.36% |
71,198,718
| – | – |
|
3
Herbalife
HLF
$1.33B
| $1.92B | 7.62% |
35,227,904
| – | – |
|
|
4
Cheniere Energy
LNG
$57.3B
| $1.62B | 6.44% |
23,380,490
-300,000
| -1% | -$19.3M |
|
|
5
Dell
DELL
$286B
| $856M | 3.39% |
31,408,062
+22,913,295
| +270% | +$611M |
|
|
6
Newell Brands
NWL
$2.59B
| $786M | 3.12% |
38,700,000
+5,406,987
| +16% | +$127M |
|
7
Freeport-McMoran
FCX
$110B
| $698M | 2.77% |
50,161,354
| – | – |
|
|
EGN
8
DELISTED
Energen
EGN
| $661M | 2.62% |
7,666,382
+2,470,261
| +48% | +$188M |
|
|
NAV
9
DELISTED
Navistar International
NAV
| $644M | 2.55% |
16,729,960
| – | – |
|
10
Xerox
XRX
$381M
| $633M | 2.51% |
23,456,087
| – | – |
|
|
ARII
11
DELISTED
American Railcar Industries, Inc.
ARII
| $547M | 2.17% |
11,871,268
| – | – |
|
|
HTZ
12
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $478M | 1.9% |
33,682,713
| – | – |
|
13
Conduent
CNDT
$250M
| $446M | 1.77% |
19,806,000
| – | – |
|
|
AFSI
14
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $267M | 1.06% |
18,418,732
| – | – |
|
15
Herc Holdings
HRI
$5.41B
| $230M | 0.91% |
4,494,789
| – | – |
|
|
WBT
16
DELISTED
Welbilt, Inc.
WBT
| $211M | 0.83% |
10,082,660
| – | – |
|
|
CVRR
17
DELISTED
CVR Refining, LP
CVRR
| $113M | 0.45% |
5,750,000
| – | – |
|
|
VMW
18
DELISTED
VMware, Inc
VMW
| $65.8M | 0.26% |
421,425
-1,853,644
| -81% | -$284M |
|
19
SandRidge Energy
SD
$532M
| $52.4M | 0.21% |
4,818,832
| – | – |
|
20
Manitowoc
MTW
$710M
| $40.4M | 0.16% |
1,686,076
| – | – |
|
|
21
Cigna
CI
$73.3B
| – | – |
-503,380
| Closed | -$85.5M |
|
Similar funds
Carl Icahn's Q3 2018 Portfolio in Review
As of Q3 2018, Carl Icahn held 21 positions worth $25.2B, up 4.4% from $24.1B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Carl Icahn deployed $864M of net new capital in Q3 2018, adding to 4 existing holdings.
By sector, the portfolio is most concentrated in Energy at 69% of assets, up from 69% a quarter earlier, followed by Consumer Staples and Industrials.
On the sell side, the largest reduction was VMware, Inc, an estimated $284M trimmed.
- Carl Icahn added most to Dell in Q3 2018, an estimated $611M increase.
- Carl Icahn's biggest Q3 2018 reduction was VMware, Inc, cutting an estimated $284M.
- Carl Icahn fully exited Cigna in Q3 2018, selling an estimated $85.5M.
- Carl Icahn's ten largest holdings make up 90% of its $25.2B portfolio in Q3 2018.
- Carl Icahn opened 0 new positions and closed 1 in Q3 2018.
- Carl Icahn's portfolio value rose 4.4% quarter-over-quarter to $25.2B.
Based on Icahn Carl's 13F filing for Q3 2018, filed 14 Nov 2018.