Icahn Enterprises 13F, Q4 2025
Carl Icahn · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 921669
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| Icahn Enterprises LP | IEP | $4.15B | 49.1% | +6% shares |
| CVR Energy Inc | CVI | $1.79B | 21.2% | unchanged |
| Southwest Gas Holdings Inc. | SWX | $482.73M | 5.7% | unchanged |
| CVR Partners, LP | UAN | $426.84M | 5.0% | unchanged |
| EchoStar Corporation | ECHO | $364.64M | 4.3% | -23% shares |
| Centuri Holdings, Inc. | CTRI | $361.99M | 4.3% | +32% shares |
| International Flavors and Fragrances Inc. | IFF | $288.09M | 3.4% | -10% shares |
| JetBlue Airways Corp. | JBLU | $152.98M | 1.8% | unchanged |
| American Electric Power Company | AEP | $138.98M | 1.6% | unchanged |
| Monro, Inc. | MNRO | $101.77M | 1.2% | +247% shares |
| SandRidge Energy, Inc. | SD | $70.87M | 0.8% | unchanged |
| Bausch Plus Lomb Corp. | BLCO | $59.78M | 0.7% | unchanged |
| Caesars Entertainment, Inc. | CZR | $57.07M | 0.7% | unchanged |
What changed since Q3 2025
Against the Q3 2025 filing, Icahn Enterprises opened 0 new positions, added to 3, trimmed 2, left 8 unchanged and exited 0. 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 0001539497-26-000679, 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.