Icahn Capital

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Carl Icahn's Icahn Capital reported 13 stock positions worth $11.2 billion. Its top holding was Icahn Enterprises (IEP) at 55.8% of the portfolio, followed by CVR Energy (CVI, 21.2%) and Southwest Gas (SWX, 7.5%). Compared with Q4 2023, it opened 2 new positions, sold out of 2 and added to 1. The biggest buy was a new position in CVR Partners (UAN) and the biggest sale an exit from Firstenergy (FE).

Most Recent 13F
Q2 2026
Notable People
Carl Icahn
Location
SUNNY ISLES BEACH, FL
CIK
0000921669
Portfolio Value
$11.2B (Q1 2024)
SEC Filing
0001539497-24-001052 ↗ filed May 15, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $11.2B $11.2B Q1 2024 Q2 2024: $10.8B Q2 2024 Q3 2024: $9.9B Q3 2024 Q4 2024: $7.4B Q4 2024 Q1 2025: $7.5B Q1 2025 Q2 2025: $7.9B Q2 2025 Q3 2025: $9.1B Q3 2025 Q4 2025: $8.4B Q4 2025 Q1 2026: $8.6B Q1 2026 Q2 2026: $8.3B Q2 2026

Holdings 13 stocks · $11.2B
IEP Icahn Enterprises LP 55.84% 367,879,902 $6.3B No change
CVI CVR Energy Inc. 21.22% 66,692,381 $2.4B No change
SWX Southwest Gas Holdings Inc. 7.49% 11,022,604 $839.2M No change
BHC Bausch Health Cos Inc. 3.29% 34,721,118 $368.4M No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 2.88% 3,750,000 $322.5M Add +481.8%
UAN CVR Partners LP 2.73% 3,892,000 $305.9M New
DAN Dana Inc. 1.62% 14,286,505 $181.4M No change
JBLU Jetblue Airways Corp. 1.17% 17,727,029 $131.5M New
CNDT Conduent Inc. 1.15% 38,149,336 $128.9M No change
AEP American Electric Power 0.93% 1,205,300 $103.8M No change
SD Sandridge Energy Inc. 0.63% 4,818,832 $70.2M No change
BLCO Bausch + Lomb Corp. 0.54% 3,500,000 $60.5M No change
ILMN Illumina Inc. 0.53% 430,000 $59.0M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $710.5M (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 16,485,432$710.5MNo change

Total filed on the 13F, all lines: $11.9B.

Portfolio Sells Q4 2023 → Q1 2024
FE Firstenergy Corp. Sold out 0.00% −2.10
NWL Newell Brands Inc. Sold out 0.00% −0.50

Portfolio Buys Q4 2023 → Q1 2024
UAN CVR Partners LP New 2.73% +2.73
IFF Intl Flavors & Fragrances Add +481.8% 2.88% +2.37
JBLU Jetblue Airways Corp. New 1.17% +1.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$8.3BIEP, CVI, UAN, CTRI, IFF
Q1 2026 12$8.6BIEP, CVI, UAN, CTRI, IFF
Q4 2025 13$8.4BIEP, CVI, SWX, UAN, ECHO
Q3 2025 13$9.1BIEP, CVI, SWX, UAN, ECHO
Q2 2025 12$7.9BIEP, CVI, SWX, UAN, IFF
Q1 2025 14$7.5BIEP, CVI, SWX, UAN, IFF
Q4 2024 14$7.4BIEP, CVI, SWX, IFF, UAN
Q3 2024 14$9.9BIEP, CVI, SWX, IFF, BHC
Q2 2024 14$10.8BIEP, CVI, SWX, IFF, UAN
Q1 2024 13$11.2BIEP, CVI, SWX, BHC, IFF