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Icahn Capital

Superinvestor

Icahn Carl C

SEC CIK
0000921669
Manager
Carl Icahn
Style
Activist
Latest filing
Aug 14, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
12
−2 vs. Q1 2025
Portfolio value
$7.89B
+$399.0M (+5.3%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of Icahn Capital in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
IEPIcahn Enterprises L.P.DEPOSITARY UNIT494,783,619$3.98B50.5%+43,995,449+9.8%AddedHistory
CVICVR Energy IncCOM70,418,471$1.89B24.0%+1,884,201+2.7%AddedHistory
SWXSouthwest Gas Holdings, Inc.COM7,532,604$560.4M7.1%00.0%UnchangedHistory
UANCVR Partners, LPCOM4,164,274$370.0M4.7%+65,119+1.6%AddedHistory
IFFInternational Flavors & Fragrances IncCOM3,750,000$275.8M3.5%00.0%UnchangedHistory
BHCBausch Health Companies Inc.Stock34,721,118$231.2M2.9%00.0%UnchangedHistory
CTRICenturi Holdings, Inc.COM SHS6,403,877$143.7M1.8%+3,917,382+157.5%AddedHistory
JBLUJetBlue Airways CorpCOM33,621,735$142.2M1.8%00.0%UnchangedHistory
AEPAmerican Electric Power Co IncStock1,205,300$125.1M1.6%00.0%UnchangedHistory
CZRCaesars Entertainment, Inc.COM2,440,109$69.3M0.9%00.0%UnchangedHistory
SDSandridge Energy IncCOM NEW4,818,832$52.1M0.7%00.0%UnchangedHistory
BLCOBausch & Lomb CorpCOMMON SHARES3,500,000$45.5M0.6%00.0%UnchangedHistory

Sold out since Q1 2025 (2)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Icahn Capital sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
DANDANA IncCOM14,286,505$190.4M2.5%History
ILMNIllumina, Inc.COM220,000$17.5M0.2%History