Carl Icahn - Icahn Capital Management Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Icahn Capital Management portfolio balances reported a total equity value of $9.14B across 13 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight Icahn Enterprises LP (IEP) as the single largest position, accounting for 47.8% of total equity value, followed by CVR Energy Inc (CVI), Southwest Gas Holdings Inc. (SWX), CVR Partners, LP (UAN), and others. Collectively, the top five holdings represent 88.8% of the portfolio, showing how capital is distributed among core positions and long-term investments.