Carl Icahn's Top Holdings in 2025: Focus on Energy and Tech Stocks
A snapshot of Carl Icahn's portfolio as of December 31, 2025, highlighting his top holdings including Icahn Enterprises LP (IEP) and EchoStar Corporation (SATS), with notable changes in share positions.
As of December 31, 2025, Carl Icahn's portfolio, managed by Icahn Capital Management, totals approximately $8.45 billion. His top holdings reflect a focus on energy and technology sectors, with significant changes in share positions observed across several stocks.
Icahn's largest position is in Icahn Enterprises LP (IEP), a company in the Energy sector. With a portfolio allocation of 49.12%, IEP's shares increased by 5.87% from the prior period, indicating a strategic buildup in this energy-focused investment. For more details on Icahn Enterprises, visit https://www.insiderset.com/investors/stocks/IEP.
In the Technology sector, Carl Icahn holds EchoStar Corporation (SATS). His stake in SATS saw a significant reduction, with a decrease of 22.96% in shares during the prior period. This tech holding accounts for 4.32% of his total portfolio. You can find more information about EchoStar Corporation here: https://www.insiderset.com/investors/stocks/SATS.
Another substantial holding is Centuri Holdings, Inc. (CTRI), a Utilities company. Icahn's position in CTRI increased by 32.16% in shares, boosting its portfolio allocation to 4.29%. Details on Centuri Holdings are available at https://www.insiderset.com/investors/stocks/CTRI.
International Flavors and Fragrances Inc. (IFF), a Basic Materials stock, experienced a decline in Icahn's holdings. His shares in IFF decreased by 10.0% compared to the previous period. For more on IFF, please visit https://www.insiderset.com/investors/stocks/IFF.
Carl Icahn also holds a position in Monro, Inc. (MNRO), a Consumer Cyclical stock. This investment saw an enormous increase of 246.66% in shares during the prior period, though it only accounts for 1.21% of the portfolio. More information on Monro, Inc. can be found here: https://www.insiderset.com/investors/stocks/MNRO.
Lastly, SandRidge Energy, Inc. (SD), another Energy stock, showed a modest increase of 0.85% in shares held by Icahn, representing 0.84% of the portfolio. Visit https://www.insiderset.com/investors/stocks/SD for more details.
For a complete overview of Carl Icahn's investment profile, including all holdings and transactions, please refer to his profile on InsiderSet.