Icahn Enterprises
115 hedge funds and large institutions have $4.03B invested in Icahn Enterprises in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 45 increasing their positions, 27 reducing their positions, and 14 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 27
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
4.58% more ownership
Funds ownership: 87.06% → 91.64% (+4.6%)
5% more funds holding
Funds holding: 110 → 115 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $4.12B → $4.03B (-$96.6M)
47% less call options, than puts
Call options by funds: $13.4M | Put options by funds: $25.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$376M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.29M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.4M |
| 4 |
Morgan Stanley
New York
|
+$1.86M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$463K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$457K |
| 3 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$389K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$386K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$356K |
IEP Hedge Fund Activity: Q2 2025 in Review
115 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Icahn Enterprises (IEP) for Q2 2025, worth a combined $4.03B — down 2.3% from $4.12B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new IEP positions and 14 closed out — a net gain of 5 holders — while 45 added to existing stakes and 27 trimmed.
The largest buyer was Icahn Carl, adding an estimated $376M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $463K sold.
- 115 institutional investors held Icahn Enterprises (IEP) as of Q2 2025, up from 110 in Q1 2025.
- Funds reported $4.03B of Icahn Enterprises stock for Q2 2025, down 2.3% quarter-over-quarter.
- 19 funds opened new Icahn Enterprises positions in Q2 2025 and 14 closed out, a net change of +5 holders.
- The largest Icahn Enterprises buyer in Q2 2025 was Icahn Carl, an estimated $376M added.
- The largest Icahn Enterprises seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $463K sold.
Based on aggregated 13F filings for Q2 2025.