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 |
CVR Partners
UAN
|
+$272M |
| 2 |
International Flavors & Fragrances
IFF
|
+$249M |
| 3 |
JetBlue
JBLU
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$216M |
| 2 |
Newell Brands
NWL
|
+$51.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 73.05% |
| 2 | Utilities | 7.91% |
| 3 | Materials | 5.27% |
| 4 | Healthcare | 4.09% |
| 5 | Consumer Discretionary | 1.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Icahn Enterprises
IEP
$4.83B
| $6.26B | 52.51% |
367,879,902
| – | – |
|
2
CVR Energy
CVI
$3.97B
| $2.38B | 19.96% |
66,692,381
| – | – |
|
3
Southwest Gas
SWX
$6.44B
| $839M | 7.04% |
11,022,604
| – | – |
|
4
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $711M | 5.96% |
16,485,432
| – | – |
|
5
Bausch Health
BHC
$2.41B
| $368M | 3.09% |
34,721,118
| – | – |
|
|
6
International Flavors & Fragrances
IFF
$21.5B
| $322M | 2.71% |
3,750,000
+3,105,490
| +482% | +$249M |
|
|
7
CVR Partners
UAN
$1.33B
| $306M | 2.57% |
+3,892,000
| New | +$272M |
|
8
Dana Inc
DAN
$3.41B
| $181M | 1.52% |
14,286,505
| – | – |
|
|
9
JetBlue
JBLU
$1.85B
| $132M | 1.1% |
+17,727,029
| New | +$110M |
|
10
Conduent
CNDT
$250M
| $129M | 1.08% |
38,149,336
| – | – |
|
11
American Electric Power
AEP
$65.8B
| $104M | 0.87% |
1,205,300
| – | – |
|
12
SandRidge Energy
SD
$532M
| $70.2M | 0.59% |
4,818,832
| – | – |
|
13
Bausch + Lomb
BLCO
$6.16B
| $60.5M | 0.51% |
3,500,000
| – | – |
|
14
Illumina
ILMN
$33.1B
| $59M | 0.5% |
442,040
| – | – |
|
|
15
FirstEnergy
FE
$26.6B
| – | – |
-5,887,171
| Closed | -$216M |
|
|
16
Newell Brands
NWL
$2.59B
| – | – |
-5,940,744
| Closed | -$51.6M |
|
Similar funds
Carl Icahn's Q1 2024 Portfolio in Review
As of Q1 2024, Carl Icahn held 16 positions worth $11.9B, up 9.2% from $10.9B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Carl Icahn deployed $364M of net new capital in Q1 2024, opening 2 new positions and adding to 1 existing holding. Its largest new stake was CVR Partners: 3,892,000 shares worth $306M.
By sector, the portfolio is most concentrated in Energy at 73% of assets, down from 77% a quarter earlier, followed by Utilities and Materials.
On the sell side, the most notable exit was FirstEnergy, an estimated $216M sold.
- Carl Icahn's largest Q1 2024 buy was CVR Partners: 3,892,000 shares worth $306M.
- Carl Icahn added most to International Flavors & Fragrances in Q1 2024, an estimated $249M increase.
- Carl Icahn fully exited FirstEnergy in Q1 2024, selling an estimated $216M.
- Carl Icahn's ten largest holdings make up 98% of its $11.9B portfolio in Q1 2024.
- Carl Icahn opened 2 new positions and closed 2 in Q1 2024.
- Carl Icahn's portfolio value rose 9.2% quarter-over-quarter to $11.9B.
Based on Icahn Carl's 13F filing for Q1 2024, filed 15 May 2024.