Carl Icahn Portfolio: All Stocks & Buys/Sells
Every US stock position Icahn Capital reported in its most recent mandatory SEC filing — weightings, plus the buys and sells against the prior quarter.
As of Q1 2026 · reported on SEC Form 13F
Portfolio at a glance
What these numbers show — and what they don't
The source is SEC Form 13F, the disclosure institutional investment managers must file with the U.S. Securities and Exchange Commission (SEC). It covers long positions in US-listed securities — stocks, plus exchange-traded options and convertible notes, an option being carried at the value of the underlying shares. Cash, short positions, ordinary bonds and holdings outside the US never appear. Filings are quarterly and land up to 45 days after the reporting date, so these figures are an official but delayed and partial view — not a live portfolio.
Buys and sells this quarter
Comparing the Q1 2026 filing against Q4 2025.
New positions
Nothing in this group.
Added to
- CVI 70,418,471 → 71,201,875
- SDRDW 4,911,564 → 4,947,701
Trimmed
- SATS 3,354,542 → 1,404,542
Sold out
- SWX was 6,032,604
Every position in the portfolio
Scrolls sideways. Linked tickers lead to our own stock page for that company.
| # | Ticker | Company | Value | Weight | Shares | Change |
|---|---|---|---|---|---|---|
| 1 | IEP | Icahn Enterprises LP | $4.15B | 48.49% | 549,400,539 | unchanged |
| 2 | CVI | CVR Energy Inc | $2.40B | 28.01% | 71,201,875 | +1.1% |
| 3 | – | CVR Partners, LP | $527.5M | 6.17% | 4,164,274 | unchanged |
| 4 | CTRI | Centuri Holdings, Inc. | $418.8M | 4.90% | 14,336,044 | unchanged |
| 5 | IFF | International Flavors and Fragrances Inc. | $310.2M | 3.63% | 4,275,000 | unchanged |
| 6 | SATS | EchoStar Corporation | $164.4M | 1.92% | 1,404,542 | -58.1% |
| 7 | AEP | American Electric Power Company | $158.0M | 1.85% | 1,205,300 | unchanged |
| 8 | JBLU | JetBlue Airways Corp. | $148.6M | 1.74% | 33,621,735 | unchanged |
| 9 | MNRO | Monro, Inc. | $81.5M | 0.95% | 5,078,573 | unchanged |
| 10 | SDRDW | SandRidge Energy, Inc. | $80.7M | 0.94% | 4,947,701 | +0.7% |
| 11 | CZR | Caesars Entertainment, Inc. | $64.5M | 0.75% | 2,440,109 | unchanged |
| 12 | BLCO | Bausch Plus Lomb Corp. | $55.7M | 0.65% | 3,500,000 | unchanged |
About Carl Icahn
Carl Icahn is one of the most famous, and most feared, activist investors in Wall Street history. He built his reputation as a corporate raider in the 1980s with headline-grabbing takeover fights, most notably TWA, and has spent decades since forcing change at companies he believes are undervalued or poorly run. Through his investment firm, Icahn Capital Management, and his publicly traded holding company, Icahn Enterprises, he builds concentrated stakes rather than diversified portfolios.
His playbook is confrontational: public letters to boards, demands for buybacks, spin-offs, management shake-ups or asset sales, and proxy fights for board seats when persuasion isn't enough. The mere announcement of a new Icahn stake has historically been enough to move a stock, a pattern traders sometimes call the 'Icahn bump.' He's also known for very public feuds with company management and fellow investors.
This page tracks the US stock positions Icahn Capital Management is required to disclose to US regulators, along with portfolio weightings and quarter-over-quarter buys and sells. A few caveats worth knowing: these mandatory filings by institutional investors (SEC Form 13F) only cover long positions in US-listed stocks, are published once per quarter, and can lag by up to 45 days. Short positions, ordinary bonds, non-US holdings, and actual portfolio returns never appear in a 13F.
Frequently Asked Questions
Icahn typically runs a concentrated portfolio of a handful of large positions in companies where he sees room for change, spanning energy, industrials, consumer, and healthcare names over the years. The table on this page always reflects his most recently disclosed US stock holdings and portfolio weightings, based on SEC Form 13F.
Icahn Capital Management's buys and sells are disclosed quarterly through SEC Form 13F, with a reporting lag of up to 45 days. You'll find the latest position changes, broken out by holding and compared with the prior quarter, directly in the portfolio table above.
Icahn is an activist investor: he buys meaningful stakes in companies and then pushes for change through board seats, public pressure, or litigation, pursuing buybacks, spin-offs, management changes, or asset sales. That hands-on approach sets him apart from classic value investors, who tend to wait passively for the market to re-rate a stock.
A 13F is a mandatory disclosure that the US Securities and Exchange Commission (SEC) requires from institutional investors managing more than $100 million in assets. It reveals their US long stock positions, but only once a quarter, with a lag of up to 45 days, and without short positions, derivatives, or international holdings.
The label dates back to the 1980s, when Icahn became known for aggressive, sometimes hostile takeover attempts like his fight for TWA. His methods have grown more sophisticated since, but the core of his strategy hasn't changed: buy a stake, apply pressure, and push for change he argues benefits shareholders.
Source
SEC Form 13F — the mandatory quarterly disclosure institutional investment managers file with the U.S. Securities and Exchange Commission (SEC). One filing per quarter, submitted up to 45 days after the reporting date; values are market values on that date, in US dollars.
These pages show reported holdings. They are not investment advice and not a recommendation to buy.