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 |
Southwest Gas
SWX
|
+$249M |
| 2 |
Illumina
ILMN
|
+$90.5M |
| 3 |
Occidental Petroleum Corp Warrants
OXY.WS
|
+$2.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$478M |
| 2 |
Newell Brands
NWL
|
+$43.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 82.05% |
| 2 | Utilities | 6.43% |
| 3 | Industrials | 2.51% |
| 4 | Healthcare | 2.01% |
| 5 | Consumer Staples | 1.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Icahn Enterprises
IEP
$4.83B
| $15.5B | 70.43% |
299,997,624
| – | – |
|
2
CVR Energy
CVI
$3.97B
| $2.33B | 10.6% |
71,198,718
| – | – |
|
3
FirstEnergy
FE
$26.6B
| $760M | 3.45% |
18,967,757
| – | – |
|
|
4
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $676M | 3.07% |
16,485,432
+70,900
| +0.4% | +$2.87M |
|
|
5
Southwest Gas
SWX
$6.44B
| $657M | 2.98% |
10,520,600
+3,908,970
| +59% | +$249M |
|
6
Xerox
XRX
$381M
| $527M | 2.39% |
34,245,314
| – | – |
|
|
7
Newell Brands
NWL
$2.59B
| $373M | 1.69% |
29,985,763
-3,084,669
| -9% | -$43.5M |
|
8
Bausch Health
BHC
$2.41B
| $281M | 1.28% |
34,721,118
| – | – |
|
9
Dana Inc
DAN
$3.41B
| $215M | 0.98% |
14,286,505
| – | – |
|
10
Cheniere Energy
LNG
$57.3B
| $158M | 0.72% |
1,000,000
| – | – |
|
11
Conduent
CNDT
$250M
| $131M | 0.59% |
38,149,336
| – | – |
|
|
12
Illumina
ILMN
$33.1B
| $100M | 0.45% |
+442,040
| New | +$90.5M |
|
13
Crown Holdings
CCK
$13B
| $86M | 0.39% |
1,040,100
| – | – |
|
14
SandRidge Energy
SD
$532M
| $69.4M | 0.32% |
4,818,832
| – | – |
|
15
Bausch + Lomb
BLCO
$6.16B
| $60.9M | 0.28% |
3,500,000
| – | – |
|
16
International Flavors & Fragrances
IFF
$21.5B
| $59.3M | 0.27% |
644,510
| – | – |
|
|
17
Herc Holdings
HRI
$5.41B
| $26.2M | 0.12% |
230,160
-3,466,285
| -94% | -$478M |
|
Similar funds
Carl Icahn's Q1 2023 Portfolio in Review
As of Q1 2023, Carl Icahn held 17 positions worth $22B, up 1.2% from $21.8B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Carl Icahn's Q1 2023 filing shows 1 new, 2 increased and 2 reduced positions. Its largest new stake was Illumina: 442,040 shares worth $100M. The largest sale was Herc Holdings, an estimated $478M.
By sector, the portfolio is most concentrated in Energy at 82% of assets, up from 81% a quarter earlier, followed by Utilities and Industrials.
- Carl Icahn's largest Q1 2023 buy was Illumina: 442,040 shares worth $100M.
- Carl Icahn added most to Southwest Gas in Q1 2023, an estimated $249M increase.
- Carl Icahn's biggest Q1 2023 reduction was Herc Holdings, cutting an estimated $478M.
- Carl Icahn's ten largest holdings make up 98% of its $22B portfolio in Q1 2023.
- Carl Icahn opened 1 new position and closed 0 in Q1 2023.
- Carl Icahn's portfolio value rose 1.2% quarter-over-quarter to $22B.
Based on Icahn Carl's 13F filing for Q1 2023, filed 15 May 2023.