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Icahn Carl Portfolio holdings
AUM
$8.26B
Turnover
0%
1-Year Est. Return
15.11%
This Fund
S&P 500
This Quarter
Est. Return
+11.88%
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
$8.55B
AUM Growth
+$108M
(+1.3%)
Cap. Flow
-$686M
Cap. Flow
% of AUM
-8.02%
Top 10 Holdings %
Top 10 Hldgs %
98.6%
Holding
13
New
–
Increased
2
Reduced
1
Closed
1
Avg Time Held
4.4
years
Top 10 Avg Time Held
3.5
years
Top 20 Avg Time Held
4.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVR Energy
CVI
|
+$20.1M |
| 2 |
SandRidge Energy
SD
|
+$585K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southwest Gas
SWX
|
+$483M |
| 2 |
EchoStar
ECHO
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 77.45% |
| 2 | Materials | 9.79% |
| 3 | Utilities | 6.74% |
| 4 | Communication Services | 1.92% |
| 5 | Industrials | 1.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Icahn Enterprises
IEP
$4.72B
| $4.15B | 48.49% |
549,400,539
| – | – |
2013 Q2
51 quarters
|
|
|
2
CVR Energy
CVI
$6.23B
| $2.4B | 28.01% |
71,201,875
+783,404
| +1% | +$20.1M |
2013 Q2
51 quarters
|
|
3
CVR Partners
UAN
$1.35B
| $527M | 6.17% |
4,164,274
| – | – |
2024 Q1
8 quarters
|
|
4
Centuri Holdings
CTRI
$2B
| $419M | 4.9% |
14,336,044
| – | – |
2024 Q2
7 quarters
|
|
5
International Flavors & Fragrances
IFF
$22.9B
| $310M | 3.63% |
4,275,000
| – | – |
2022 Q1
16 quarters
|
|
|
6
EchoStar
ECHO
$25.6B
| $164M | 1.92% |
1,404,542
-1,950,000
| -58% | -$224M |
2025 Q3
2 quarters
|
|
7
American Electric Power
AEP
$68.7B
| $158M | 1.85% |
1,205,300
| – | – |
2023 Q4
9 quarters
|
|
8
JetBlue
JBLU
$1.14B
| $149M | 1.74% |
33,621,735
| – | – |
2024 Q1
8 quarters
|
|
9
Monro
MNRO
$421M
| $81.5M | 0.95% |
5,078,573
| – | – |
2025 Q3
2 quarters
|
|
|
10
SandRidge Energy
SD
$521M
| $80.7M | 0.94% |
4,947,701
+36,137
| +0.7% | +$585K |
2017 Q4
33 quarters
|
|
11
Caesars Entertainment
CZR
$5.97B
| $64.5M | 0.75% |
2,440,109
| – | – |
2024 Q2
7 quarters
|
|
12
Bausch + Lomb
BLCO
$5.73B
| $55.6M | 0.65% |
3,500,000
| – | – |
2022 Q2
15 quarters
|
|
|
13
Southwest Gas
SWX
$6.18B
| – | – |
-6,032,604
| Closed | -$483M | – |
|
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Icahn Carl's Q1 2026 Portfolio in Review
As of Q1 2026, Icahn Carl held 13 positions worth $8.55B, up 1.3% from $8.45B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Icahn Carl withdrew a net $686M in Q1 2026, closing 1 position and reducing 1 holding. Its most notable exit was Southwest Gas, an estimated $483M position sold in full.
By sector, the portfolio is most concentrated in Energy at 77% of assets, up from 71% a quarter earlier, followed by Materials and Utilities.
Against the trend, Icahn Carl added an estimated $20.1M to CVR Energy.
- Icahn Carl added most to CVR Energy in Q1 2026, an estimated $20.1M increase.
- Icahn Carl's biggest Q1 2026 reduction was EchoStar, cutting an estimated $224M.
- Icahn Carl fully exited Southwest Gas in Q1 2026, selling an estimated $483M.
- Icahn Carl's ten largest holdings make up 99% of its $8.55B portfolio in Q1 2026.
- Icahn Carl opened 0 new positions and closed 1 in Q1 2026.
- Icahn Carl's portfolio value rose 1.3% quarter-over-quarter to $8.55B.
Based on Icahn Carl's 13F filing for Q1 2026, filed 15 May 2026.