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Icahn Carl Portfolio holdings

AUM $8.55B
1-Year Est. Return 29.29%
This Fund
S&P 500
This Quarter Est. Return
+4.99%
1 Year Est. Return
+29.29%
3 Year Est. Return
-52.41%
5 Year Est. Return
-44.99%
10 Year Est. Return
-2.67%
AUM
$7.89B
AUM Growth
+$399M
Cap. Flow
+$292M
Cap. Flow %
3.7%
Top 10 Hldgs %
98.76%
Holding
14
New
–
Increased
4
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
IEP icon
Icahn Enterprises
IEP
+$376M
2
CTRI icon
Centuri Holdings
CTRI
+$76.6M
3
CVI icon
CVR Energy
CVI
+$41.5M
4
UAN icon
CVR Partners
UAN
+$5.24M

Top Sells

Rank Stock Value
1
DAN icon
Dana Inc
DAN
+$190M
2
ILMN icon
Illumina
ILMN
+$17.5M

Sector Composition

Rank Sector Weight
1 Energy 75.11%
2 Utilities 10.51%
3 Materials 8.19%
4 Healthcare 3.51%
5 Industrials 1.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IEP icon
1
Icahn Enterprises
IEP
$5.03B
$3.98B 50.47%
494,783,619
+43,995,449
+10% +$376M
CVI icon
2
CVR Energy
CVI
$3.53B
$1.89B 23.97%
70,418,471
+1,884,201
+3% +$41.5M
SWX icon
3
Southwest Gas
SWX
$6.66B
$560M 7.11%
7,532,604
– –
UAN icon
4
CVR Partners
UAN
$1.26B
$370M 4.69%
4,164,274
+65,119
+2% +$5.24M
IFF icon
5
International Flavors & Fragrances
IFF
$20B
$276M 3.5%
3,750,000
– –
BHC icon
6
Bausch Health
BHC
$1.8B
$231M 2.93%
34,721,118
– –
CTRI icon
7
Centuri Holdings
CTRI
$2.8B
$144M 1.82%
6,403,877
+3,917,382
+158% +$76.6M
JBLU icon
8
JetBlue
JBLU
$2.02B
$142M 1.8%
33,621,735
– –
AEP icon
9
American Electric Power
AEP
$71.9B
$125M 1.59%
1,205,300
– –
CZR icon
10
Caesars Entertainment
CZR
$6.08B
$69.3M 0.88%
2,440,109
– –
SD icon
11
SandRidge Energy
SD
$503M
$52.1M 0.66%
4,818,832
– –
BLCO icon
12
Bausch + Lomb
BLCO
$5.8B
$45.5M 0.58%
3,500,000
– –
DAN icon
13
Dana Inc
DAN
$2.86B
– –
-14,286,505
Closed -$190M
ILMN icon
14
Illumina
ILMN
$28.2B
– –
-220,000
Closed -$17.5M

Similar funds

NB
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ACM
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PCM
Penserra Capital Management Orinda, California $8.52B AUM 37.76% 1-Year Est. Return
AV
ASR Vermogensbeheer Utrecht, Netherlands $8.5B AUM 25.14% 1-Year Est. Return
GRQ
Gardner Russo & Quinn Lancaster, Pennsylvania $8.5B AUM 9.79% 1-Year Est. Return
DM
Deerfield Management New York $8.48B AUM 99.04% 1-Year Est. Return
PCIA
Prime Capital Investment Advisors Overland Park, Kansas $8.65B AUM 19.52% 1-Year Est. Return
FT
Fiduciary Trust Boston, Massachusetts $8.46B AUM 21.38% 1-Year Est. Return

Icahn Carl's Q2 2025 Portfolio in Review

As of Q2 2025, Icahn Carl held 14 positions worth $7.89B, up 5.3% from $7.49B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Icahn Carl deployed $292M of net new capital in Q2 2025, adding to 4 existing holdings.

By sector, the portfolio is most concentrated in Energy at 75% of assets, up from 73% a quarter earlier, followed by Utilities and Materials.

On the sell side, the most notable exit was Dana Inc, an estimated $190M sold.

  • Icahn Carl added most to Icahn Enterprises in Q2 2025, an estimated $376M increase.
  • Icahn Carl fully exited Dana Inc in Q2 2025, selling an estimated $190M.
  • Icahn Carl's ten largest holdings make up 99% of its $7.89B portfolio in Q2 2025.
  • Icahn Carl opened 0 new positions and closed 2 in Q2 2025.
  • Icahn Carl's portfolio value rose 5.3% quarter-over-quarter to $7.89B.

Based on Icahn Carl's 13F filing for Q2 2025, filed 14 Aug 2025.