Carl Icahn portfolio & holdings
Icahn Capital
Tracked for reference — not part of the super-investor cohort, so this filer doesn't count toward CCS, consensus lists, or per-stock owner counts.
Historical clone performance and limitations
Carl Icahn (Icahn Capital) discloses a $8.26B portfolio across 12 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is IEP at 54.0% of the book.
Q2 2026 reported changes: 0 new positions, 0 additions, 2 reductions, and 0 exits.
Holdings as of Jun 30, 2026; filed Aug 14, 2026. 13F filings do not reveal trade dates, prices, or reasons.
Open this manager's SEC filings ↗Latticework Follow
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Holdings (12) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | IEP | 54.0% | $4.46B | |||
| 2 | CVI | 23.7% | $1.96B | |||
| 3 | UAN | 5.6% | $464M | |||
| 4 | CTRI | 5.2% | $434M | |||
| 5 | IFF | 4.1% | $339M | |||
| 6 | SATS | 1.7% | $143M | |||
| 7 | JBLU | 1.4% | $118M | |||
| 8 | MNRO | 1.1% | $87M | |||
| 9 | CZR | 0.9% | $74M | |||
| 10 | SD | 0.8% | $69M | |||
| 11 | AEP | 0.7% | $59M | |||
| 12 | BLCO | 0.7% | $58M |
- 1IEPport54.0%val$4.46BIcahn Enterprises LPthis Q hold·40q
- 2CVIport23.7%val$1.96BCvr Energy Incthis Q hold·40q
- 3UANport5.6%val$464MCvr Partners LPthis Q hold·10q
- 4CTRIport5.2%val$434MCenturi Holdings Incthis Q hold·9q
- 5IFFport4.1%val$339MIntl Flavors & Fragrancesthis Q hold·18q
- 6SATSport1.7%val$143MEchostar Corp-athis Q hold·4q
- 7JBLUport1.4%val$118MJetblue Airways Corpthis Q -39%·10q
- 8MNROport1.1%val$87MMonro Incthis Q hold·4q
- 9CZRport0.9%val$74MCaesars Entertainment Incthis Q hold·9q
- 10SDport0.8%val$69MSandridge Energy Incthis Q hold·35q
- 11AEPport0.7%val$59MAmerican Electric Powerthis Q -64%·11q
- 12BLCOport0.7%val$58MBausch + Lomb Corpthis Q hold·17q
Tickers without links do not have a dedicated stock research page. Their reported positions remain in this table. Inspect the manager's SEC filings ↗
2026Q2 moves, by size (2)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| AEP | American Electric Power | TRIM | 0.7% | -64% | $59M |
| JBLU | Jetblue Airways Corp | TRIM | 1.4% | -39% | $118M |
- TRIMAEP0.7%American Electric PowerΔ -64%·$59M
- TRIMJBLU1.4%Jetblue Airways CorpΔ -39%·$118M
About Carl Icahn
Carl Icahn built his reputation as an activist shareholder starting in the 1980s, when he accumulated positions in undervalued or poorly managed companies and pressured boards into asset sales, buybacks, or strategic reviews — a playbook that generated both substantial returns and a generation of imitators. His approach is concentrated and control-oriented: the portfolio consistently holds fewer than 20 names, and the 13F as of 2026 Q1 reflects this, with five positions accounting for 91% of disclosed long equity value. Readers should note that Icahn Enterprises (IEP) — a publicly traded holding company he controls — represents nearly half the reported book, meaning the 13F substantially double-counts exposure already consolidated within IEP itself. His actual economic bets are embedded in IEP's operating subsidiaries, which include refining (CVR Energy / CVI) and fertilizers (CVR Partners / UAN). The 13F is less a window into active stock-picking than a map of a holding-company structure, and should be read accordingly.
2026Q2 brief
Carl Icahn's Icahn Capital remained in deep hibernation this quarter, with just two trims across a 12-position, $8.3B book and no new buys or exits. JBLU was cut 39% (now 1.4%) and AEP was slashed 64% (now 0.7%), the latter an interesting reversal given that peers like Soros are aggressively building utility exposure for AI power demand. The portfolio's structural reality is stark: IEP (Icahn Enterprises) consumes 54% of disclosed holdings at ~$4.5B, while CVI (CVR Energy) takes another 24%, meaning roughly 78% of the book is self-controlled operating companies rather than traditional equity investments. UAN, CTRI, and IFF round out the top five at a combined 15%. This is less a traditional 13F portfolio and more a disclosure artifact of Icahn's holding company structure. With IEP's unit price and distribution under continued scrutiny, watch whether Icahn begins trimming any of the smaller positions (SATS, MNRO) to manage liquidity, or if an activist campaign surfaces as a signal of renewed capital deployment in Q3.
AI-generated. Not investment advice.
Filing history
Carl Icahn's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 12 | $8.26B |
| Q1 2026 — what changed → | 12 | $8.55B |
| Q4 2025 — what changed → | 13 | $8.45B |
| Q3 2025 — what changed → | 13 | $9.14B |
| Q2 2025 — what changed → | 12 | $7.89B |
| Q1 2025 — what changed → | 14 | $7.49B |
| Q4 2024 holdings | 14 | $7.42B |
| Q3 2024 holdings | 14 | $9.88B |
| Q2 2024 holdings | 14 | $10.84B |
| Q1 2024 holdings | 14 | $11.92B |
| Q4 2023 holdings | 14 | $10.91B |
| Q3 2023 holdings | 14 | $12.08B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Frequently asked questions
- What stocks does Carl Icahn own?
- As of 2026Q2, Carl Icahn's 13F discloses 12 positions worth $8.26B. The top five holdings: IEP (54.0%), CVI (23.7%), UAN (5.6%), CTRI (5.2%), IFF (4.1%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Carl Icahn buy this quarter?
- The 2026Q2 filing shows no new purchases — no new positions were opened and no existing holdings were added to this quarter.
- How big is Carl Icahn's portfolio?
- $8.26B across 12 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 93% of the disclosed book.
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000921669). Not investment advice.