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Carl Icahn - Icahn Capital Management

As of Q2 2026, Carl Icahn reported 12 long-equity positions worth $8.26B in aggregate.

Copy-investor backtest

Latest quarter
-4.57%
1-year
+0.89%
3-year
-44.89%
5-year
-65.02%
3-year vs S&P 500
-118.13%
5-year vs S&P 500
-139.11%
5-year top 5
-68.94%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 12 of 21 rows. Rows without a quote are marked unavailable.

1IEPICAHN ENTERPRISES LP48.97%Add +5.4%166,393,350$11.82B$71.06No quote
2CVICVR ENERGY INC10.91%-71,198,718$2.63B$36.99No quote
3HLFHERBALIFE LTD7.84%Add +54.0%35,227,904$1.89B$53.72No quote
4LNGCHENIERE ENERGY INC6.39%Reduce -27.5%23,680,490$1.54BNo quoteNo quote
5FCXFREEPORT-MCMORAN INC3.59%-50,161,354$865.79M$17.26No quote
6NWLNEWELL BRANDS INC3.56%Add +9.9%33,293,013$858.63M$25.79No quote
7NAVNAVISTAR INTL CORP NEW2.82%-16,729,960$681.24MNo quoteNo quote
8XRXXEROX CORP2.33%-23,456,087$562.95M$24.00No quote
9ARIIAMERICAN RAILCAR INDS INC1.94%-11,871,268$468.68MNo quoteNo quote
10HTZHERTZ GLOBAL HLDGS INC1.86%-29,263,869$448.91M$15.34No quote
11EGNENERGEN CORP1.57%New5,196,121$378.38MNo quoteNo quote
12CNDTCONDUENT INC1.49%-19,806,000$359.88M$18.17No quote
13VMWVMWARE INC1.38%New2,275,069$334.37MNo quoteNo quote
14AFSIAMTRUST FINL SVCS INC1.11%New18,418,732$268.36MNo quoteNo quote
15HRIHERC HLDGS INC1.05%-4,494,789$253.24M$56.34No quote
16WBTWELBILT INC0.93%-10,082,660$224.94MNo quoteNo quote
17DVMTDELL TECHNOLOGIES INC0.84%New2,384,002$201.64MNo quoteNo quote
18CVRRCVR REFNG LP0.53%-5,750,000$128.51MNo quoteNo quote
19CICIGNA CORPORATION0.35%New503,380$85.55M$169.95No quote
20SDSANDRIDGE ENERGY INC0.35%-4,818,832$85.49M$17.74No quote
21MTWMANITOWOC CO INC0.18%-1,686,076$43.6M$25.86No quote