What Carl Icahn Bought in Q3 2025
Icahn Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-09-30 · Filed · Historical
$9.14B
Total Value
13
Holdings
2
New Buys
2
Reduced
In Q3 2025, Carl Icahn reported 13 long equity positions worth $9.14B in their Icahn Capital Management 13F filing, including 2 new positions (largest: EchoStar Corporation at $332.5M) and 3 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | IEP | Icahn Enterprises LP | 518932944 | $4.37B | 47.80% | +4.9% |
| 2 | CVI | CVR Energy Inc | 70418471 | $2.57B | 28.10% | — |
| 3 | SWX | Southwest Gas Holdings Inc. | 6032604 | $472.6M | 5.17% | -19.9% |
| 4 | UAN | CVR Partners, LP | 4164274 | $375.3M | 4.11% | — |
| 5 | ECHO | EchoStar Corporation | 4354542 | $332.5M | 3.64% | NEW |
| 6 | IFF | International Flavors and Fragrances Inc. | 4750000 | $292.3M | 3.20% | +26.7% |
| 7 | CTRI | Centuri Holdings, Inc. | 10847672 | $229.6M | 2.51% | 69.4% |
| 8 | JBLU | JetBlue Airways Corp. | 33621735 | $165.4M | 1.81% | — |
| 9 | AEP | American Electric Power Company | 1205300 | $135.6M | 1.48% | — |
| 10 | CZR | Caesars Entertainment, Inc. | 2440109 | $65.9M | 0.72% | — |
| 11 | SD | SandRidge Energy, Inc. | 4870233 | $54.9M | 0.60% | +1.1% |
| 12 | BLCO | Bausch Plus Lomb Corp. | 3500000 | $52.7M | 0.58% | — |
| 13 | MNRO | Monro, Inc. | 1465000 | $26.3M | 0.29% | NEW |