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 |
CZR
Caesars Entertainment Corporation
CZR
|
+$860M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$625M |
| 2 |
Diamondback Energy
FANG
|
+$107M |
| 3 |
Cheniere Energy
LNG
|
+$92M |
| 4 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$83.7M |
| 5 |
Freeport-McMoran
FCX
|
+$71.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 73.52% |
| 2 | Consumer Staples | 10.36% |
| 3 | Consumer Discretionary | 6.34% |
| 4 | Industrials | 6.27% |
| 5 | Materials | 2.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Icahn Enterprises
IEP
$4.83B
| $12.7B | 52.77% |
175,441,588
| – | – |
|
2
CVR Energy
CVI
$3.97B
| $2.93B | 12.17% |
71,198,718
| – | – |
|
3
Herbalife
HLF
$1.33B
| $1.87B | 7.74% |
35,227,904
| – | – |
|
|
4
Cheniere Energy
LNG
$57.3B
| $1.5B | 6.23% |
21,980,490
-1,400,000
| -6% | -$92M |
|
|
CZR
5
DELISTED
Caesars Entertainment Corporation
CZR
| $862M | 3.58% |
+99,250,942
| New | +$860M |
|
6
Xerox
XRX
$381M
| $750M | 3.11% |
23,456,087
| – | – |
|
7
Newell Brands
NWL
$2.59B
| $631M | 2.62% |
41,119,415
| – | – |
|
|
8
Freeport-McMoran
FCX
$110B
| $570M | 2.37% |
44,255,585
-5,905,769
| -12% | -$71.4M |
|
|
NAV
9
DELISTED
Navistar International
NAV
| $540M | 2.24% |
16,729,960
| – | – |
|
|
10
Diamondback Energy
FANG
$59B
| $527M | 2.19% |
5,187,236
-1,039,842
| -17% | -$107M |
|
|
HTZ
11
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $421M | 1.75% |
27,927,713
-5,755,000
| -17% | -$83.7M |
|
12
Conduent
CNDT
$250M
| $274M | 1.14% |
19,806,000
| – | – |
|
13
Herc Holdings
HRI
$5.41B
| $175M | 0.73% |
4,494,789
| – | – |
|
|
WBT
14
DELISTED
Welbilt, Inc.
WBT
| $165M | 0.69% |
10,082,660
| – | – |
|
|
TEN
15
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $125M | 0.52% |
5,651,177
| – | – |
|
16
SandRidge Energy
SD
$532M
| $38.6M | 0.16% |
4,818,832
| – | – |
|
|
17
Dell
DELL
$286B
| – | – |
-25,251,135
| Closed | -$625M |
|
18
Manitowoc
MTW
$710M
| – | – |
-1,601,169
| Closed | -$23.6M |
|
|
CVRR
19
DELISTED
CVR Refining, LP
CVRR
| – | – |
-5,750,000
| Closed | -$60M |
|
Similar funds
Carl Icahn's Q1 2019 Portfolio in Review
As of Q1 2019, Carl Icahn held 19 positions worth $24.1B, up 18% from $20.4B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Carl Icahn's Q1 2019 filing shows 1 new, 4 reduced and 3 closed positions. Its largest new stake was Caesars Entertainment Corporation: 99,250,942 shares worth $862M. The largest sale was Dell, an estimated $625M.
By sector, the portfolio is most concentrated in Energy at 74% of assets, up from 71% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
- Carl Icahn's largest Q1 2019 buy was Caesars Entertainment Corporation: 99,250,942 shares worth $862M.
- Carl Icahn's biggest Q1 2019 reduction was Diamondback Energy, cutting an estimated $107M.
- Carl Icahn fully exited Dell in Q1 2019, selling an estimated $625M.
- Carl Icahn's ten largest holdings make up 95% of its $24.1B portfolio in Q1 2019.
- Carl Icahn opened 1 new position and closed 3 in Q1 2019.
- Carl Icahn's portfolio value rose 18% quarter-over-quarter to $24.1B.
Based on Icahn Carl's 13F filing for Q1 2019, filed 15 May 2019.