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
|
+$412M |
| 2 |
Southwest Gas
SWX
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$510M |
| 2 |
Newell Brands
NWL
|
+$239M |
| 3 |
CVR Energy
CVI
|
+$154M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 76.85% |
| 2 | Utilities | 9.5% |
| 3 | Healthcare | 3.34% |
| 4 | Consumer Discretionary | 2.5% |
| 5 | Technology | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Icahn Enterprises
IEP
$4.83B
| $6.94B | 57.44% |
350,819,104
+16,324,527
| +5% | +$412M |
|
|
2
CVR Energy
CVI
$3.97B
| $2.27B | 18.79% |
66,692,381
-4,506,337
| -6% | -$154M |
|
3
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $713M | 5.9% |
16,485,432
| – | – |
|
|
4
Southwest Gas
SWX
$6.44B
| $666M | 5.51% |
11,022,604
+177,923
| +2% | +$11.4M |
|
5
FirstEnergy
FE
$26.6B
| $482M | 3.99% |
14,090,778
| – | – |
|
6
Bausch Health
BHC
$2.41B
| $285M | 2.36% |
34,721,118
| – | – |
|
7
Dana Inc
DAN
$3.41B
| $210M | 1.73% |
14,286,505
| – | – |
|
8
Conduent
CNDT
$250M
| $133M | 1.1% |
38,149,336
| – | – |
|
9
Crown Holdings
CCK
$13B
| $92M | 0.76% |
1,040,100
| – | – |
|
10
SandRidge Energy
SD
$532M
| $75.5M | 0.62% |
4,818,832
| – | – |
|
11
Bausch + Lomb
BLCO
$6.16B
| $59.3M | 0.49% |
3,500,000
| – | – |
|
12
Illumina
ILMN
$33.1B
| $59M | 0.49% |
442,040
| – | – |
|
|
13
Newell Brands
NWL
$2.59B
| $53.6M | 0.44% |
5,940,744
-24,045,019
| -80% | -$239M |
|
14
International Flavors & Fragrances
IFF
$21.5B
| $43.9M | 0.36% |
644,510
| – | – |
|
|
15
Xerox
XRX
$381M
| – | – |
-34,245,314
| Closed | -$510M |
|
Similar funds
Carl Icahn's Q3 2023 Portfolio in Review
As of Q3 2023, Carl Icahn held 15 positions worth $12.1B, down 22% from $15.5B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Carl Icahn withdrew a net $479M in Q3 2023, closing 1 position and reducing 2 holdings. Its most notable exit was Xerox, an estimated $510M position sold in full.
By sector, the portfolio is most concentrated in Energy at 77% of assets, down from 77% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Carl Icahn added an estimated $412M to Icahn Enterprises.
- Carl Icahn added most to Icahn Enterprises in Q3 2023, an estimated $412M increase.
- Carl Icahn's biggest Q3 2023 reduction was Newell Brands, cutting an estimated $239M.
- Carl Icahn fully exited Xerox in Q3 2023, selling an estimated $510M.
- Carl Icahn's ten largest holdings make up 98% of its $12.1B portfolio in Q3 2023.
- Carl Icahn opened 0 new positions and closed 1 in Q3 2023.
- Carl Icahn's portfolio value fell 22% quarter-over-quarter to $12.1B.
Based on Icahn Carl's 13F filing for Q3 2023, filed 14 Nov 2023.