Carl Icahn

Mostly held

Icahn Carl C — managed by Carl Icahn; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$8.55B（+1%）

Holdings12（−1）

Reporting quarterQ1 2026

Top holdingIcahn Enterprises Lp

Portfolio overview

Icahn Carl C's most recent 13F filing, for the quarter ended 2026-03-31, reports 12 positions worth $8.55B. The top 5 holdings represent 91% of that value, a concentrated portfolio.

The single largest position is Icahn Enterprises Lp at 48.5% of the portfolio, followed by Cvr Energy Inc at 28.0% and Cvr Partners, Lp at 6.2%.

Against the prior quarter, Carl Icahn opened 0 new positions, exited 1, added to 2, and trimmed 1. The most notable sale was the full exit from Southwest Gas Holdings Inc.

Across all 8 quarters on file, Icahn Enterprises Lp has appeared in every filing, as has Cvr Energy Inc. Icahn Enterprises Lp currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Sandridge Energy, IncSDAdding · 3q

Added for 3 straight quarters.

Cvr Energy IncCVIBig new buy

Big add last quarter — 28.0% of the book.

Icahn Enterprises LpIEPCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Carl Icahn's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Carl Icahn has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Icahn Enterprises LpIEP	$4.15B	—	1	549,400,539	49.1% → 48.5%
Cvr Energy IncCVI	$2.40B	Within band	1	71,201,875	21.2% → 28.0% ▲
Cvr Partners, LpUAN	$527.5M	Within band	1	4,164,274	5.1% → 6.2%
Centuri Holdings, IncCTRI	$418.8M	—	1	14,336,044	4.3% → 4.9%
International Flavors And Fragrances IncIFF	$310.2M	—	4	4,275,000	3.4% → 3.6%
Echostar CorporationSATS	$164.4M	—	4	1,404,542	4.3% → 1.9% ▼
American Electric Power CompanyAEP	$158.0M	Above value	4	1,205,300	1.6% → 1.8%
Jetblue Airways CorpJBLU	$148.6M	—	2	33,621,735	1.8% → 1.7%
Monro, IncMNRO	$81.5M	Above value	1	5,078,573	1.2% → 1.0%
Sandridge Energy, IncSD	$80.7M	Within band	1	4,947,701	0.8% → 0.9% ▲
Caesars Entertainment, IncCZR	$64.5M	Below value· unconf.	2	2,440,109	0.7% → 0.8%
Bausch Plus Lomb CorpBLCO	$55.6M	—	2	3,500,000	0.7% → 0.7%

Icahn Enterprises LpIEP
Value$4.15BValuation—Holders1Weight (prev→now)49.1% → 48.5%
Cvr Energy IncCVI
Value$2.40BValuationWithin bandHolders1Weight (prev→now)21.2% → 28.0% ▲
Cvr Partners, LpUAN
Value$527.5MValuationWithin bandHolders1Weight (prev→now)5.1% → 6.2%
Centuri Holdings, IncCTRI
Value$418.8MValuation—Holders1Weight (prev→now)4.3% → 4.9%
International Flavors And Fragrances IncIFF
Value$310.2MValuation—Holders4Weight (prev→now)3.4% → 3.6%
Echostar CorporationSATS
Value$164.4MValuation—Holders4Weight (prev→now)4.3% → 1.9% ▼
American Electric Power CompanyAEP
Value$158.0MValuationAbove valueHolders4Weight (prev→now)1.6% → 1.8%
Jetblue Airways CorpJBLU
Value$148.6MValuation—Holders2Weight (prev→now)1.8% → 1.7%
Monro, IncMNRO
Value$81.5MValuationAbove valueHolders1Weight (prev→now)1.2% → 1.0%
Sandridge Energy, IncSD
Value$80.7MValuationWithin bandHolders1Weight (prev→now)0.8% → 0.9% ▲
Caesars Entertainment, IncCZR
Value$64.5MValuationBelow value· unconf.Holders2Weight (prev→now)0.7% → 0.8%
Bausch Plus Lomb CorpBLCO
Value$55.6MValuation—Holders2Weight (prev→now)0.7% → 0.7%

Exited this quarter (1)Southwest Gas Holdings Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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