Icahn Enterprises
IEP
124 hedge funds and large institutions have $4.22B invested in Icahn Enterprises in 2025 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 39 increasing their positions, 31 reducing their positions, and 19 closing their positions.
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
26% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 31
8% more funds holding
Funds holding: 115 → 124 (+9)
1.63% more ownership
Funds ownership: 91.58% → 93.21% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $4.41B → $4.22B (-$188M)
79% less call options, than puts
Call options by funds: $7.72M | Put options by funds: $37.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$246M |
| 2 |
Morgan Stanley
New York
|
+$24M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.48M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$5.31M |
| 5 |
Jane Street
New York
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$1.03M |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$881K |
| 3 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$674K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$627K |
| 5 |
CMF
Counterpoint Mutual Funds
San Diego,
California
|
-$529K |
IEP Hedge Fund Activity: Q4 2025 in Review
124 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Icahn Enterprises (IEP) for Q4 2025, worth a combined $4.22B — down 4.3% from $4.41B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new IEP positions and 19 closed out — a net gain of 10 holders — while 39 added to existing stakes and 31 trimmed.
The largest buyer was Icahn Carl, adding an estimated $246M. The largest seller was International Assets Investment Management, cutting an estimated $1.03M.
- 124 institutional investors held Icahn Enterprises (IEP) as of Q4 2025, up from 115 in Q3 2025.
- Funds reported $4.22B of Icahn Enterprises stock for Q4 2025, down 4.3% quarter-over-quarter.
- 29 funds opened new Icahn Enterprises positions in Q4 2025 and 19 closed out, a net change of +10 holders.
- The largest Icahn Enterprises buyer in Q4 2025 was Icahn Carl, an estimated $246M added.
- The largest Icahn Enterprises seller in Q4 2025 was International Assets Investment Management, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2025.