Carl Icahn Portfolio Update: December 2025 Holdings

As of December 31, 2025, Carl Icahn's portfolio, managed by Icahn Capital Management, held a total value of $8.45 billion. The top holdings reflect significant changes in allocation and share counts during the period.

Icahn Enterprises LP (IEP), an Energy company, remains the largest position at $4.15 billion, representing 49.12% of the portfolio. The position saw a significant increase of 5.87% in shares during the period.

EchoStar Corporation (SATS), a Technology company, experienced a notable reduction. The position decreased by 22.96% in shares, moving from its previous allocation.

Centuri Holdings, Inc. (CTRI), a Utilities company, maintained its position with a slight increase in shares, growing by 32.16%.

International Flavors and Fragrances Inc. (IFF), a Basic Materials company, held steady in terms of percentage allocation but saw a decrease in shares by 10.0%.

Monro, Inc. (MNRO), a Consumer Cyclical company, showed a substantial increase in allocation, boosted by a 246.66% jump in shares.

SandRidge Energy, Inc. (SD), another Energy company, maintained a small position of 0.84% with minimal changes in shares.

For detailed information on Carl Icahn's holdings and the companies he invests in, please visit Carl Icahn's investor profile and the individual company pages, such as Icahn Enterprises LP, EchoStar Corporation, Centuri Holdings, Inc., International Flavors and Fragrances Inc., Monro, Inc., and SandRidge Energy, Inc..