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
|
+$1.26B |
| 2 |
Southwest Gas
SWX
|
+$19.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$191M |
| 2 |
Cheniere Energy
LNG
|
+$158M |
| 3 |
Herc Holdings
HRI
|
+$26.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 76.96% |
| 2 | Utilities | 8% |
| 3 | Industrials | 3.29% |
| 4 | Healthcare | 2.77% |
| 5 | Consumer Discretionary | 2.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $9.71B | 62.71% |
334,494,577
+34,496,953
| +11% | +$1.26B |
|
2
CVR Energy
CVI
$3.97B
| $2.13B | 13.78% |
71,198,718
| – | – |
|
|
3
Southwest Gas
SWX
$6.44B
| $690M | 4.46% |
10,844,681
+324,081
| +3% | +$19.2M |
|
4
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $615M | 3.97% |
16,485,432
| – | – |
|
|
5
FirstEnergy
FE
$26.6B
| $548M | 3.54% |
14,090,778
-4,876,979
| -26% | -$191M |
|
6
Xerox
XRX
$381M
| $510M | 3.29% |
34,245,314
| – | – |
|
7
Bausch Health
BHC
$2.41B
| $278M | 1.79% |
34,721,118
| – | – |
|
8
Newell Brands
NWL
$2.59B
| $261M | 1.68% |
29,985,763
| – | – |
|
9
Dana Inc
DAN
$3.41B
| $243M | 1.57% |
14,286,505
| – | – |
|
10
Conduent
CNDT
$250M
| $130M | 0.84% |
38,149,336
| – | – |
|
11
Crown Holdings
CCK
$13B
| $90.4M | 0.58% |
1,040,100
| – | – |
|
12
Illumina
ILMN
$33.1B
| $80.6M | 0.52% |
442,040
| – | – |
|
13
SandRidge Energy
SD
$532M
| $73.5M | 0.47% |
4,818,832
| – | – |
|
14
Bausch + Lomb
BLCO
$6.16B
| $70.2M | 0.45% |
3,500,000
| – | – |
|
15
International Flavors & Fragrances
IFF
$21.5B
| $51.3M | 0.33% |
644,510
| – | – |
|
|
16
Herc Holdings
HRI
$5.41B
| – | – |
-230,160
| Closed | -$26.2M |
|
|
17
Cheniere Energy
LNG
$57.3B
| – | – |
-1,000,000
| Closed | -$158M |
|
Similar funds
Carl Icahn's Q2 2023 Portfolio in Review
As of Q2 2023, Carl Icahn held 17 positions worth $15.5B, down 30% from $22B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Carl Icahn deployed $900M of net new capital in Q2 2023, adding to 2 existing holdings.
By sector, the portfolio is most concentrated in Energy at 77% of assets, down from 82% a quarter earlier, followed by Utilities and Industrials.
On the sell side, the largest reduction was FirstEnergy, an estimated $191M trimmed.
- Carl Icahn added most to Icahn Enterprises in Q2 2023, an estimated $1.26B increase.
- Carl Icahn's biggest Q2 2023 reduction was FirstEnergy, cutting an estimated $191M.
- Carl Icahn fully exited Cheniere Energy in Q2 2023, selling an estimated $158M.
- Carl Icahn's ten largest holdings make up 98% of its $15.5B portfolio in Q2 2023.
- Carl Icahn opened 0 new positions and closed 2 in Q2 2023.
- Carl Icahn's portfolio value fell 30% quarter-over-quarter to $15.5B.
Based on Icahn Carl's 13F filing for Q2 2023, filed 14 Aug 2023.