Carl IcahnIcahn Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)


As of Jun 30, 2025, the Icahn Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.


During Q2 2025, the filing reported:


New Buys
None reported
IncreasesCenturi Holdings, Inc. (CTRI), CVR Energy Inc. (CVI), Icahn Enterprises L.P. - Deposi (IEP), CVR Partners, LP (UAN)
Reductions
None reported
Complete ExitsDana Incorporated (DAN), Illumina, Inc. (ILMN)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

DateSymbolTypeChange Qty
Q2 2025
CTRI
Centuri Holdings, Inc.
Buy
+3,917,382
Q2 2025
CVI
CVR Energy Inc.
Buy
+1,884,201
Q2 2025
DAN
Dana Incorporated
Sell - Position Exit
-14,286,505
Q2 2025
IEP
Icahn Enterprises L.P. - Deposi
Buy
+43,995,449
Q2 2025
ILMN
Illumina, Inc.
Sell - Position Exit
-220,000
Q2 2025
UAN
CVR Partners, LP
Buy
+65,119
Q1 2025
CVI
CVR Energy Inc.
Buy
+1,841,889
Q1 2025
ILMN
Illumina, Inc.
Buy
+180,000
Q1 2025
JBLU
JetBlue Airways Corporation
Buy
+15,894,706
Q1 2025
SWX
Southwest Gas Holdings, Inc.
Sell
-2,100,000
Q1 2025
UAN
CVR Partners, LP
Buy
+32,963
Q4 2024
CTRI
Centuri Holdings, Inc.
Sell
-1,105,434
Q4 2024
IEP
Icahn Enterprises L.P. - Deposi
Buy
+17,581,237
Q4 2024
ILMN
Illumina, Inc.
Sell
-390,000
Q4 2024
SWX
Southwest Gas Holdings, Inc.
Sell
-1,390,000
Q4 2024
UAN
CVR Partners, LP
Buy
+174,192
Q3 2024
CTRI
Centuri Holdings, Inc.
Buy
+1,000,000
Q3 2024
IEP
Icahn Enterprises L.P. - Deposi
Buy
+26,892,947
Q2 2024
CNDT
Conduent Incorporated
Sell - Position Exit
-38,149,336
Q2 2024
CTRI
Centuri Holdings, Inc.
Buy - Position Entry
+2,591,929
Q2 2024
CZR
Caesars Entertainment, Inc.
Buy - Position Entry
+2,440,109
Q2 2024
IEP
Icahn Enterprises L.P. - Deposi
Buy
+38,434,084
Q2 2024
Sell - Position Exit
-16,485,432
Q1 2024
FE
FirstEnergy Corp.
Sell - Position Exit
-5,887,171
Q1 2024
IFF
International Flavors & Fragran
Buy
+3,105,490
Q1 2024
JBLU
JetBlue Airways Corporation
Buy - Position Entry
+17,727,029
Q1 2024
NWL
Newell Brands Inc.
Sell - Position Exit
-5,940,744
Q1 2024
UAN
CVR Partners, LP
Buy - Position Entry
+3,892,000
Q4 2023
AEP
American Electric Power Company
Buy - Position Entry
+1,205,300
Q4 2023
CCK
Crown Holdings, Inc.
Sell - Position Exit
-1,040,100