Carl Icahn - Icahn Capital Management Portfolio (Q1 2026)

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Icahn Capital Management, Carl Icahn, has built a diversified portfolio of 12 publicly traded holdings with a total market value of $8.6B as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 48.5% of the total portfolio value. The top 5 holdings account for 91.2% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

12
Total Holdings
$8.6B
Portfolio Value
Mar 31, 2026
Latest Filing
48.5%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in Icahn Enterprises LP (IEP) represents 48.5% of the total portfolio, valued at $4.1B.

Rank Symbol Company Value Portfolio % Change
1 IEP Icahn Enterprises LP $4.1B 48.5% -
2 CVI CVR Energy Inc $2.4B 28.0% +1.1%
3 UAN CVR Partners, LP $527.5M 6.2% -
4 CTRI Centuri Holdings, Inc. $418.8M 4.9% -
5 IFF International Flavors and Fragrances Inc. $310.2M 3.6% -

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 67 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
SWX Southwest Gas Holdings, Inc. -6,032,604 Mar 31, 2026 SELL
SATS EchoStar Corporation -1,950,000 Mar 31, 2026 SELL
CVI CVR Energy Inc. +783,404 Mar 31, 2026 BUY
SD SandRidge Energy, Inc. +36,137 Mar 31, 2026 BUY
IEP Icahn Enterprises L.P. - Deposi +30,467,595 Dec 31, 2025 BUY
MNRO Monro, Inc. +3,613,573 Dec 31, 2025 BUY
CTRI Centuri Holdings, Inc. +3,488,372 Dec 31, 2025 BUY
SATS EchoStar Corporation -1,000,000 Dec 31, 2025 SELL
IFF International Flavors & Fragran -475,000 Dec 31, 2025 SELL
SD SandRidge Energy, Inc. +41,331 Dec 31, 2025 BUY

Investment Strategy Insights

Icahn Capital Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in Icahn Enterprises LP (IEP) demonstrates strong conviction in this particular investment opportunity. indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 67 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 12 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Icahn Capital Management's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 12 holdings valued at $8.6B. The concentrated position in Icahn Enterprises LP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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