Icahn Enterprises
114 hedge funds and large institutions have $4.41B invested in Icahn Enterprises in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 52 increasing their positions, 23 reducing their positions, and 19 closing their positions.
126% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 23
10% more capital invested
Capital invested by funds: $4.03B → $4.41B (+$386M)
0.06% less ownership
Funds ownership: 91.64% → 91.58% (-0.06%)
1% less funds holding
Funds holding: 115 → 114 (-1)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
25% less call options, than puts
Call options by funds: $12.3M | Put options by funds: $16.5M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$211M |
| 2 |
LWA
Lantern Wealth Advisors
Melville,
New York
|
+$8.75M |
| 3 |
Goldman Sachs
New York
|
+$787K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$784K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$709K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.07M |
| 2 |
Group One Trading
Chicago,
Illinois
|
-$1.45M |
| 3 |
Jane Street
New York
|
-$990K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$568K |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$539K |
IEP Hedge Fund Activity: Q3 2025 in Review
114 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Icahn Enterprises (IEP) for Q3 2025, worth a combined $4.41B — up 9.6% from $4.03B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of IEP and 18 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 52 added.
The largest buyer was Icahn Carl, adding an estimated $211M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $4.07M sold.
- 114 institutional investors held Icahn Enterprises (IEP) as of Q3 2025, down from 115 in Q2 2025.
- Funds reported $4.41B of Icahn Enterprises stock for Q3 2025, up 9.6% quarter-over-quarter.
- 18 funds opened new Icahn Enterprises positions in Q3 2025 and 19 closed out, a net change of -1 holder.
- The largest Icahn Enterprises buyer in Q3 2025 was Icahn Carl, an estimated $211M added.
- The largest Icahn Enterprises seller in Q3 2025 was Susquehanna International Group, an estimated $4.07M sold.
Based on aggregated 13F filings for Q3 2025.