Carl Icahn
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.
Carl Icahn (Icahn Capital) discloses a $8.55B portfolio across 12 US-listed positions in the latest 13F filing (2026Q1, filed May 15, 2026). The largest holding is IEP at 48.5% of the book. The biggest move of the quarter: fully exited SWX (was 5.7% of the book).
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.
2026Q1 brief
2026Q1 activity: 1 exit (top: SWX). Top 5 holdings: IEP, CVI, UAN, CTRI, IFF (91% of portfolio).
AI-generated. Not investment advice.
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Holdings (12) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | IEP | 48.5% | $4.15B | |||
| 2 | CVI | 28.0% | $2.40B | |||
| 3 | UAN | 6.2% | $527M | |||
| 4 | CTRI | 4.9% | $419M | |||
| 5 | IFF | 3.6% | $310M | |||
| 6 | SATS | 1.9% | $164M | |||
| 7 | AEP | 1.8% | $158M | |||
| 8 | JBLU | 1.7% | $149M | |||
| 9 | MNRO | 1.0% | $81M | |||
| 10 | SD | 0.9% | $81M | |||
| 11 | CZR | 0.8% | $64M | |||
| 12 | BLCO | 0.7% | $56M |
- 1IEPport48.5%val$4.15BIcahn Enterprises LPthis Q hold·40q
- 2CVIport28.0%val$2.40BCvr Energy Incthis Q hold·40q
- 3UANport6.2%val$527MCvr Partners LPthis Q hold·9q
- 4CTRIport4.9%val$419MCenturi Holdings Incthis Q hold·8q
- 5IFFport3.6%val$310MIntl Flavors & Fragrancesthis Q hold·17q
- 6SATSport1.9%val$164MEchostar Corp-athis Q -58%·3q
- 7AEPport1.8%val$158MAmerican Electric Powerthis Q hold·10q
- 8JBLUport1.7%val$149MJetblue Airways Corpthis Q hold·9q
- 9MNROport1.0%val$81MMonro Incthis Q hold·3q
- 10SDport0.9%val$81MSandridge Energy Incthis Q hold·34q
- 11CZRport0.8%val$64MCaesars Entertainment Incthis Q hold·8q
- 12BLCOport0.7%val$56MBausch + Lomb Corpthis Q hold·16q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| SWX | Southwest Gas Holdings Inc | EXIT | 5.7% | -100% | $0 |
| SATS | Echostar Corp-a | TRIM | 1.9% | -58% | $164M |
- EXITSWX5.7%Southwest Gas Holdings IncΔ -100%·$0
- TRIMSATS1.9%Echostar Corp-aΔ -58%·$164M
Frequently asked questions
- What stocks does Carl Icahn own?
- As of 2026Q1, Carl Icahn's 13F discloses 12 positions worth $8.55B. The top five holdings: IEP (48.5%), CVI (28.0%), UAN (6.2%), CTRI (4.9%), IFF (3.6%). 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 2026Q1 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?
- $8.55B across 12 positions per the latest 13F (filed May 15, 2026). The top five holdings account for 91% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000921669). Not investment advice.