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Manager record · ✦ curated · archived quarter

Icahn Capital

Carl Icahn · Sunny Isles Beach, FL · CIK 921669 · EDGAR filings ↗

Activist positions, often alongside 13D filings.

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Diff ⇄
$8.45BReported 13F value
19Positions
97.8%Top-10 weight
3.40Effective holdings
3.7%Est. turnover
+0New
−0Exits

Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.

Reported value by quarter Q2 2024 → Q2 2026
Sector exposure
Energy 71.2% (-5.3pp)
Utilities 11.6% (+2.4pp)
Basic Materials 8.5% (+1.2pp)
Communication Services 4.3% (+0.7pp)
Consumer Cyclical 1.9% (+0.9pp)
Industrials 1.8% (+0.0pp)
Healthcare 0.7% (+0.1pp)

Share of reported common-equity value; (±pp) vs prior quarter.

The portfolio · Q4 2025
#SecurityWeightValueSharesΔ sharesHeld
1 IEP Icahn Enterprises L.P. 49.1% $2.08B 275.30M +5.9% ▲ Add 7
2 CVI CVR Energy, Inc. 21.2% $1.72B 67.57M 0.0% Held 7
3 IEP Icahn Enterprises L.P. 49.1% $886.24M 117.38M +5.9% ▲ Add 7
4 IEP Icahn Enterprises L.P. 49.1% $570.18M 75.52M +5.9% ▲ Add 7
5 SWX Southwest Gas Holdings, Inc. 5.7% $482.73M 6.03M 0.0% Held 7
6 IEP Icahn Enterprises L.P. 49.1% $458.19M 60.69M +5.9% ▲ Add 7
7 UAN CVR Partners, LP 5.1% $398.93M 3.89M 0.0% Held 7
8 ECHO EchoStar Corporation 4.3% $364.64M 3.35M -23.0% ▼ Trim 2
9 CTRI Centuri Holdings, Inc. 4.3% $361.99M 14.34M +32.2% ▲ Add 7
10 IFF International Flavors &… 3.4% $288.09M 4.28M -10.0% ▼ Trim 7
11 IEP Icahn Enterprises L.P. 49.1% $154.84M 20.51M +5.9% ▲ Add 7
12 JBLU JetBlue Airways Corporation 1.8% $152.98M 33.62M 0.0% Held 7
13 AEP American Electric Power… 1.6% $138.98M 1.21M 0.0% Held 7
14 MNRO Monro Inc. 1.2% $101.77M 5.08M +246.7% ▲ Add 2
15 CVI CVR Energy, Inc. 21.2% $72.45M 2.85M 0.0% Held 7
16 SD SandRidge Energy, Inc. 0.8% $70.87M 4.91M +0.8% ▲ Add 7
17 BLCO Bausch + Lomb Corporation 0.7% $59.78M 3.50M 0.0% Held 7
18 CZR Caesars Entertainment, Inc. 0.7% $57.07M 2.44M 0.0% Held 7
19 UAN CVR Partners, LP 5.1% $27.91M 272.27K 0.0% Held 7

Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.

Position age
22–4 quarters
115–8 quarters

Consecutive quarters each current position has been reported, within our data window.

Similar managers
ManagerCommon positionsName overlapWeighted similarity
LMR Partners LLP 3 0.3% 0.002 Compare ⇄
GAMCO Investors 7 0.8% 0.0016 Compare ⇄
Tidal Investments LLC 8 0.4% 0.0015 Compare ⇄
Balyasny Asset Management L.P. 8 0.4% 0.0009 Compare ⇄
Chevy Chase Trust Holdings, LLC 3 0.5% 0.0004 Compare ⇄
Nomura Holdings Inc 7 0.7% 0.0002 Compare ⇄
Adage Capital Partners 5 0.5% 0.0002 Compare ⇄
National Pension Service 3 0.5% 0.0002 Compare ⇄

Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology

Filing record
Aug 14 2026 13F-HR · period Q2 2026

$8.26B · 18 positions · View original SEC filing ↗

May 15 2026 13F-HR · period Q1 2026

$8.55B · 18 positions · View original SEC filing ↗

Feb 17 2026 13F-HR · period Q4 2025

$8.45B · 19 positions · View original SEC filing ↗

Nov 14 2025 13F-HR · period Q3 2025

$9.14B · 20 positions · View original SEC filing ↗

Aug 14 2025 13F-HR · period Q2 2025

$7.89B · 19 positions · View original SEC filing ↗

May 15 2025 13F-HR · period Q1 2025

$7.49B · 21 positions · View original SEC filing ↗

Feb 14 2025 13F-HR · period Q4 2024

$7.42B · 20 positions · View original SEC filing ↗

Nov 14 2024 13F-HR · period Q3 2024

$9.88B · 19 positions · View original SEC filing ↗

Aug 14 2024 13F-HR · period Q2 2024

$10.84B · 19 positions · View original SEC filing ↗

Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts. Reporting period: Q4 2025 · latest filing Aug 14, 2026 · Change methodology