Carl Icahn - Icahn Capital Management Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Icahn Capital Management portfolio balances reported a total equity value of $8.45B across 13 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 17, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight Icahn Enterprises LP (IEP) as the single largest position, accounting for 49.1% of total equity value, followed by CVR Energy Inc (CVI), Southwest Gas Holdings Inc. (SWX), CVR Partners, LP (UAN), and others. Collectively, the top five holdings represent 85.4% of the portfolio, showing how capital is distributed among core positions and long-term investments.