Icahn Enterprises 13F, Q3 2025
Carl Icahn · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 921669
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| Icahn Enterprises LP | IEP | $4.37B | 47.8% | +5% shares |
| CVR Energy Inc | CVI | $2.57B | 28.1% | unchanged |
| Southwest Gas Holdings Inc. | SWX | $472.59M | 5.2% | -20% shares |
| CVR Partners, LP | UAN | $375.28M | 4.1% | unchanged |
| EchoStar Corporation | ECHO | $332.51M | 3.6% | new |
| International Flavors and Fragrances Inc. | IFF | $292.31M | 3.2% | +27% shares |
| Centuri Holdings, Inc. | CTRI | $229.65M | 2.5% | +69% shares |
| JetBlue Airways Corp. | JBLU | $165.42M | 1.8% | unchanged |
| American Electric Power Company | AEP | $135.60M | 1.5% | unchanged |
| Caesars Entertainment, Inc. | CZR | $65.94M | 0.7% | unchanged |
| SandRidge Energy, Inc. | SD | $54.94M | 0.6% | unchanged |
| Bausch Plus Lomb Corp. | BLCO | $52.74M | 0.6% | unchanged |
| Monro, Inc. | MNRO | $26.33M | 0.3% | new |
What changed since Q2 2025
Against the Q2 2025 filing, Icahn Enterprises opened 2 new positions, added to 3, trimmed 1, left 7 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001539497-25-002973, filed by ICAHN CARL C. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.