Carl Icahn
Icahn Capital Management
Corporate raider and activist
$8.26B
Portfolio Value
12
Holdings
Q2 '26
Period
2026-08-14
Filed
About Carl Icahn
Carl Celian Icahn (born 1936) is an American financier and activist investor. He is the founder and controlling shareholder of Icahn Enterprises, a diversified conglomerate holding company. One of the original corporate raiders of the 1980s, he has been an activist investor for over five decades.
Investment Philosophy
Activist investing focused on unlocking value in undervalued or poorly managed companies. Takes large stakes and pushes for changes including management shakeups, spin-offs, buybacks, and strategic alternatives. Believes that many companies are undervalued because of poor corporate governance.
Notable Facts
- •One of the original 'corporate raiders' of the 1980s
- •Forced the breakup of TWA airlines in 1985
- •Has been an activist at companies including Apple, eBay, and Xerox
- •Known for his public battles with other investors and company boards
Simulated 13F Return
Total Return
+15.05%
Q4 '24 → Q3 '25
Annualized
+20.63%/yr
S&P: +18.77%/yr
Alpha (vs S&P)
+1.33%
3 quarters tracked
1-Year Return
—
⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.
📈 Recent Activity
Changes from previous quarter
📊 Sector Breakdown
Portfolio allocation by sector
💼 Holdings
12 of 12 positions · $8.26B
This quarter: increased 3, reduced 1. Net buyer.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IEPIcahn Enterprises LP | 54.0% | Add 12.56% | 618393343 | $7.21 | $4.46B | — | — | — | — | 📄 | |
| 2 | CVICVR Energy Inc | 23.7% | Held | 71201875 | $27.54 | $1.96B | — | — | — | — | 📄 | |
| 3 | UANCVR Partners, LP | 5.6% | Held | 4164274 | $111.48 | $464.2M | — | — | — | — | 📄 | |
| 4 | CTRICenturi Holdings, Inc. | 5.2% | Held | 14336044 | $30.24 | $433.5M | — | — | — | — | 📄 | |
| 5 | IFFInternational Flavors and Fragrances Inc. | 4.1% | Held | 4275000 | $79.22 | $338.7M | — | — | — | — | 📄 | |
| 6 | ECHOEchoStar Corporation | 1.7% | Held | 1404542 | $101.50 | $142.6M | — | — | — | — | 📄 | |
| 7 | JBLUJetBlue Airways Corp. | 1.4% | Reduce 38.56% | 20658179 | $5.73 | $118.4M | — | — | — | — | 📄 | |
| 8 | MNROMonro, Inc. | 1.1% | Held | 5078573 | $17.11 | $86.9M | — | — | — | — | 📄 | |
| 9 | CZRCaesars Entertainment, Inc. | 0.9% | Held | 2440109 | $30.18 | $73.6M | — | — | — | — | 📄 | |
| 10 | SDSandRidge Energy, Inc. | 0.8% | Add 2.17% | 5054907 | $13.70 | $69.3M | — | — | — | — | 📄 | |
| 11 | AEPAmerican Electric Power Company | 0.7% | Add 63.93% | 434710 | $136.81 | $59.5M | — | — | — | — | 📄 | |
| 12 | BLCOBausch Plus Lomb Corp. | 0.7% | Held | 3500000 | $16.56 | $58.0M | — | — | — | — | 📄 |