# Carl Icahn — Icahn Capital Management

Portfolio USD 8,264,090,000 · 12 positions · 2026 Q2 · history from 2013 Q2.
Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/ic

## Positions (2026 Q2)

| Ticker | Company | % of portfolio | Value | This quarter | Holders |
|---|---|---:|---:|---|---:|
| IEP | Icahn Enterprises | 54% | USD 4,458,616,000 | +12.56% |  |
| CVI | CVR Energy Inc. | 24% | USD 1,960,900,000 | hold |  |
| UAN | CVR Partners LP | 5.6% | USD 464,233,000 | hold |  |
| CTRI | Centuri Holdings Inc | 5.3% | USD 433,522,000 | hold |  |
| IFF | International Flavors & Fragrances Inc. | 4.1% | USD 338,666,000 | hold |  |
| ECHO | EchoStar Corp. | 1.7% | USD 142,561,000 | hold |  |
| JBLU | JetBlue Airways Corp. | 1.4% | USD 118,371,000 | -38.56% |  |
| MNRO | Monro Inc. | 1.1% | USD 86,894,000 | hold |  |
| CZR | Caesars Entertainment | 0.9% | USD 73,642,000 | hold |  |
| SD | SandRidge Energy Inc. | 0.8% | USD 69,252,000 | +2.17% |  |
| AEP | American Electric Power | 0.7% | USD 59,473,000 | -63.93% |  |
| BLCO | Bausch + Lomb Corp | 0.7% | USD 57,960,000 | hold |  |

## Moves this quarter (4)

- IEP Icahn Enterprises: +12.56% (USD 4,458,616,000)
- JBLU JetBlue Airways Corp.: -38.56% (USD 118,371,000)
- SD SandRidge Energy Inc.: +2.17% (USD 69,252,000)
- AEP American Electric Power: -63.93% (USD 59,473,000)

## Portfolio value by quarter

- 2013 Q2: USD 21,517,469,209 (19 positions)
- 2013 Q3: USD 24,636,959,144 (18 positions)
- 2013 Q4: USD 30,456,030,937 (18 positions)
- 2014 Q1: USD 32,924,962,983 (19 positions)
- 2014 Q2: USD 38,534,479,812 (19 positions)
- 2014 Q3: USD 33,634,929,986 (21 positions)
- 2014 Q4: USD 31,893,522,850 (22 positions)
- 2015 Q1: USD 32,051,958,150 (21 positions)
- 2015 Q2: USD 31,196,107,748 (22 positions)
- 2015 Q3: USD 27,874,454,339 (24 positions)
- 2015 Q4: USD 29,435,644,371 (26 positions)
- 2016 Q1: USD 21,480,899,928 (21 positions)
- 2016 Q2: USD 20,275,927,961 (21 positions)
- 2016 Q3: USD 19,808,808,815 (19 positions)
- 2016 Q4: USD 22,377,998,722 (18 positions)
- 2017 Q1: USD 19,937,172,402 (16 positions)
- 2017 Q2: USD 19,553,807,639 (16 positions)
- 2017 Q3: USD 21,246,667,661 (16 positions)
- 2017 Q4: USD 22,660,405,080 (17 positions)
- 2018 Q1: USD 20,124,223,169 (16 positions)
- 2018 Q2: USD 24,146,281,798 (21 positions)
- 2018 Q3: USD 25,217,167,716 (20 positions)
- 2018 Q4: USD 20,421,449,298 (18 positions)
- 2019 Q1: USD 24,100,304,001 (16 positions)
- 2019 Q2: USD 26,525,367,898 (16 positions)
- 2019 Q3: USD 25,693,123,619 (18 positions)
- 2019 Q4: USD 26,179,760,573 (18 positions)
- 2020 Q1: USD 18,003,129,457 (19 positions)
- 2020 Q2: USD 19,726,506,111 (16 positions)
- 2020 Q3: USD 17,374,143,185 (16 positions)
- 2020 Q4: USD 20,058,168,957 (18 positions)
- 2021 Q1: USD 23,848,301,921 (19 positions)
- 2021 Q2: USD 24,294,370,691 (17 positions)
- 2021 Q3: USD 22,517,159,082 (17 positions)
- 2021 Q4: USD 22,289,187,626 (16 positions)
- 2022 Q1: USD 21,866,656,243 (16 positions)
- 2022 Q2: USD 20,855,515,390 (16 positions)
- 2022 Q3: USD 21,225,221,760 (17 positions)
- 2022 Q4: USD 21,752,457,894 (16 positions)
- 2023 Q1: USD 22,024,319,018 (17 positions)
- 2023 Q2: USD 15,487,077,353 (15 positions)
- 2023 Q3: USD 12,082,831,231 (14 positions)
- 2023 Q4: USD 10,912,963,895 (14 positions)
- 2024 Q1: USD 11,916,596,820 (14 positions)
- 2024 Q2: USD 10,843,027,487 (14 positions)
- 2024 Q3: USD 9,876,208,702 (14 positions)
- 2024 Q4: USD 7,414,508,936 (14 positions)
- 2025 Q1: USD 7,488,303,314 (14 positions)
- 2025 Q2: USD 7,884,090,227 (12 positions)
- 2025 Q3: USD 9,140,697,363 (13 positions)
- 2025 Q4: USD 8,443,479,067 (13 positions)
- 2026 Q1: USD 8,553,640,766 (12 positions)
- 2026 Q2: USD 8,264,090,000 (12 positions)