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Carl Icahn Icahn Carl

AUM $8.26B
1-Year Est. Return 15.11%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-22.5%
1 Year Est. Return
+15.11%
3 Year Est. Return
-36.88%
5 Year Est. Return
-51.16%
10 Year Est. Return
-0.48%
AUM
$7.42B
AUM Growth
-$2.46B
Cap. Flow
+$45.1M
Cap. Flow %
0.61%
Top 10 Hldgs %
97.67%
Holding
14
New
–
Increased
2
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
IEP icon
Icahn Enterprises
IEP
+$213M
2
UAN icon
CVR Partners
UAN
+$12.6M

Top Sells

Rank Stock Value
1
SWX icon
Southwest Gas
SWX
+$103M
2
ILMN icon
Illumina
ILMN
+$55.5M
3
CTRI icon
Centuri Holdings
CTRI
+$21.5M

Sector Composition

Rank Sector Weight
1 Energy 70.32%
2 Utilities 11.33%
3 Materials 8.44%
4 Healthcare 4.7%
5 Consumer Discretionary 3.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IEP icon
1
Icahn Enterprises
IEP
$4.83B
$3.91B 52.71%
450,788,170
+17,581,237
+4% +$213M
CVI icon
2
CVR Energy
CVI
$3.97B
$1.25B 16.85%
66,692,381
– –
SWX icon
3
Southwest Gas
SWX
$6.44B
$681M 9.19%
9,632,604
-1,390,000
-13% -$103M
IFF icon
4
International Flavors & Fragrances
IFF
$21.5B
$317M 4.28%
3,750,000
– –
UAN icon
5
CVR Partners
UAN
$1.33B
$309M 4.17%
4,066,192
+174,192
+4% +$12.6M
BHC icon
6
Bausch Health
BHC
$2.41B
$280M 3.77%
34,721,118
– –
DAN icon
7
Dana Inc
DAN
$3.41B
$165M 2.23%
14,286,505
– –
JBLU icon
8
JetBlue
JBLU
$1.85B
$139M 1.88%
17,727,029
– –
AEP icon
9
American Electric Power
AEP
$65.8B
$111M 1.5%
1,205,300
– –
CZR icon
10
Caesars Entertainment
CZR
$6.06B
$81.5M 1.1%
2,440,109
– –
BLCO icon
11
Bausch + Lomb
BLCO
$6.16B
$63.2M 0.85%
3,500,000
– –
SD icon
12
SandRidge Energy
SD
$532M
$56.4M 0.76%
4,818,832
– –
CTRI icon
13
Centuri Holdings
CTRI
$2.16B
$48M 0.65%
2,486,495
-1,105,434
-31% -$21.5M
ILMN icon
14
Illumina
ILMN
$33.1B
$5.35M 0.07%
40,000
-390,000
-91% -$55.5M

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Carl Icahn's Q4 2024 Portfolio in Review

As of Q4 2024, Carl Icahn held 14 positions worth $7.42B, down 25% from $9.88B the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Trading was light in Q4 2024: portfolio turnover was 0%. Carl Icahn opened no new positions and made no exits, leaving the 14-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 70% of assets, down from 75% a quarter earlier, followed by Utilities and Materials.

  • Carl Icahn added most to Icahn Enterprises in Q4 2024, an estimated $213M increase.
  • Carl Icahn's biggest Q4 2024 reduction was Southwest Gas, cutting an estimated $103M.
  • Carl Icahn's ten largest holdings make up 98% of its $7.42B portfolio in Q4 2024.
  • Carl Icahn opened 0 new positions and closed 0 in Q4 2024.
  • Carl Icahn's portfolio value fell 25% quarter-over-quarter to $7.42B.

Based on Icahn Carl's 13F filing for Q4 2024, filed 14 Feb 2025.