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Carl Icahn
Portfolio: Top Holdings & Stock Picks

Icahn Carl C

Deep Value Investing Activist Investing

Carl Icahn (Icahn Carl C) disclosed 13 total holdings in its latest 13F filing dated 09/30/2025, with a portfolio value of $9.14 B and a turnover rate of 4.1%.

Portfolio Value
$9.14 B
Total Holdings
13
Latest Filing
Q3 2025
November 14, 2025
Turnover Rate
4.1%

Carl Icahn Top Holdings of Q3 2025

Ticker Name Shares Value % of Portfolio Time Held % Change
IEP
518.93 M $4.37 B 47.80% >10 Years +4.88%
CVI
70.42 M $2.57 B 28.10% >10 Years 0.00%
SWX
6.03 M $472.59 M 5.17% 4 Years -19.91%
UAN
4.16 M $375.28 M 4.11% 1.5 Years 0.00%
4.35 M $332.51 M 3.64% New Buy +100.00%
IFF
4.75 M $292.32 M 3.20% 3.5 Years +26.67%
10.85 M $229.65 M 2.51% 1.3 Years +69.39%
33.62 M $165.42 M 1.81% 1.5 Years 0.00%
AEP
1.21 M $135.6 M 1.48% 1.7 Years 0.00%
CZR
2.44 M $65.94 M 0.72% 1.3 Years 0.00%

Recent Moves

Significant New Position
+4.35 M Shares | +$332.51 M Value
Initiated a new position in the Communication Services sector
Q3 2025
Added to Core Holding
+24.15 M Shares | +$203.34 M Value
Largest position increase in Energy sector
Q3 2025
Reduced Exposure to Position
-1.5 M Shares | -$117.51 M Value
Significant reduction in holdings of Utilities
Q3 2025
Complete Exit
-34.72 M Shares | -$231.24 M Value
Cleared BHC, sector remains in portfolio
Q3 2025

Carl Icahn's Historical Top Holdings Overview

Portfolio Date:

Carl Icahn Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
09/30/2025 New Buy 4.35 M 4.35 M $332.51 M
BHC
09/30/2025 Sold Out 34.72 M -34.72 M $231.24 M
IEP
09/30/2025 Add 4.9% 518.93 M 24.15 M $203.34 M
SWX
09/30/2025 Reduce -19.9% 6.03 M -1.5 M $117.51 M
09/30/2025 Add 69.4% 10.85 M 4.44 M $94.08 M
IFF
09/30/2025 Add 26.7% 4.75 M 1 M $61.54 M
09/30/2025 New Buy 1.46 M 1.46 M $26.33 M
SD
09/30/2025 Add 1.1% 4.87 M 51,401 $579,803.27
IEP
06/30/2025 Add 9.8% 494.78 M 44 M $353.94 M
DAN
06/30/2025 Sold Out 14.29 M -14.29 M $190.44 M

Carl Icahn's Portfolio Sector Breakdown

Portfolio Date:

About Carl Icahn

Carl Icahn is a pioneering American financier and one of the most influential activist investors in history. Beginning his career on Wall Street in the 1960s, he rose to prominence as a "corporate raider" in the 1980s by taking hostile control of companies. As the founder of Icahn Enterprises, a diversified conglomerate, he has spent decades waging high-profile campaigns against major corporations, cementing his reputation as a formidable and relentless force dedicated to holding management accountable and challenging the corporate status quo.

Frequently Asked Questions

As of 09/30/2025, Carl Icahn holds 13 stocks. Top positions include IEP, CVI, SWX, UAN, SATS. For full portfolio details, please visit Carl Icahn’s portfolio.

In Q3 2025, Carl Icahn’s largest purchase by dollar amount was SATS. For complete transaction details, please visit Carl Icahn’s portfolio.

According to the 13F filing for Q3 2025, Carl Icahn increased their stake in IEP.

Carl Icahn’s firm may occasionally request confidential treatment under SEC rule 13F-HR, which allows temporary non-disclosure of certain positions.