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
|
+$431M |
| 2 |
Xerox
XRX
|
+$70.2M |
| 3 |
Occidental Petroleum Corp Warrants
OXY.WS
|
+$61.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CZR
Caesars Entertainment Corporation
CZR
|
+$1.39B |
| 2 |
Herbalife
HLF
|
+$723M |
| 3 |
Cheniere Energy
LNG
|
+$35.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 76.89% |
| 2 | Consumer Staples | 9.82% |
| 3 | Consumer Discretionary | 4.56% |
| 4 | Industrials | 4.42% |
| 5 | Technology | 3.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $10.5B | 60.63% |
213,591,832
+8,528,504
| +4% | +$431M |
|
|
2
Herbalife
HLF
$1.33B
| $957M | 5.51% |
20,505,879
-14,722,025
| -42% | -$723M |
|
|
3
Cheniere Energy
LNG
$57.3B
| $931M | 5.36% |
20,127,955
-692,274
| -3% | -$35.1M |
|
|
4
Occidental Petroleum
OXY
$61.3B
| $887M | 5.11% |
88,627,271
| – | – |
|
5
CVR Energy
CVI
$3.97B
| $881M | 5.07% |
71,198,718
| – | – |
|
6
Newell Brands
NWL
$2.59B
| $750M | 4.32% |
43,704,616
| – | – |
|
|
NAV
7
DELISTED
Navistar International
NAV
| $728M | 4.19% |
16,729,960
| – | – |
|
|
CLDR
8
DELISTED
Cloudera, Inc.
CLDR
| $570M | 3.28% |
52,327,391
| – | – |
|
|
9
Xerox
XRX
$381M
| $516M | 2.97% |
27,466,027
+4,009,940
| +17% | +$70.2M |
|
10
Herc Holdings
HRI
$5.41B
| $178M | 1.02% |
4,494,789
| – | – |
|
11
Conduent
CNDT
$250M
| $121M | 0.7% |
38,149,336
| – | – |
|
12
Delek US
DK
$4.38B
| $117M | 0.68% |
10,539,880
| – | – |
|
|
WBT
13
DELISTED
Welbilt, Inc.
WBT
| $73.6M | 0.42% |
11,942,238
| – | – |
|
|
TEN
14
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $63.4M | 0.37% |
9,136,392
| – | – |
|
|
15
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $57.9M | 0.33% |
+19,304,913
| New | +$61.7M |
|
16
SandRidge Energy
SD
$532M
| $7.95M | 0.05% |
4,818,832
| – | – |
|
|
CZR
17
DELISTED
Caesars Entertainment Corporation
CZR
| – | – |
-114,250,942
| Closed | -$1.39B |
|
Similar funds
Carl Icahn's Q3 2020 Portfolio in Review
As of Q3 2020, Carl Icahn held 17 positions worth $17.4B, down 12% from $19.7B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Carl Icahn withdrew a net $1.58B in Q3 2020, closing 1 position and reducing 2 holdings. Its most notable exit was Caesars Entertainment Corporation, an estimated $1.39B position sold in full.
By sector, the portfolio is most concentrated in Energy at 77% of assets, up from 72% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Carl Icahn opened a new position in Occidental Petroleum Corp Warrants worth $57.9M.
- Carl Icahn's largest Q3 2020 buy was Occidental Petroleum Corp Warrants: 19,304,913 shares worth $57.9M.
- Carl Icahn added most to Icahn Enterprises in Q3 2020, an estimated $431M increase.
- Carl Icahn's biggest Q3 2020 reduction was Herbalife, cutting an estimated $723M.
- Carl Icahn fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $1.39B.
- Carl Icahn's ten largest holdings make up 97% of its $17.4B portfolio in Q3 2020.
- Carl Icahn opened 1 new position and closed 1 in Q3 2020.
- Carl Icahn's portfolio value fell 12% quarter-over-quarter to $17.4B.
Based on Icahn Carl's 13F filing for Q3 2020, filed 13 Nov 2020.