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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 11 of 16 rows. Rows without a quote are marked unavailable.

1IEPICAHN ENTERPRISES LP39.44%Add +6.2%149,276,054$7.71B$51.66No quote
2AIGAMERICAN INTL GROUP INC13.75%Reduce -5.8%43,000,000$2.69B$62.52No quote
3HLFHERBALIFE LTD8.34%-22,872,324$1.63B$71.33No quote
4LNGCHENIERE ENERGY INC8.14%-32,680,490$1.59BNo quoteNo quote
5CVICVR ENERGY INC7.92%-71,198,718$1.55B$21.76No quote
6FCXFREEPORT-MCMORAN INC5.63%Add +0.4%91,587,940$1.1B$12.01No quote
7XRXXEROX CORP3.64%Reduce -75.0%24,757,502$711.28M$28.73No quote
8PYPLPAYPAL HLDGS INC2.74%Reduce -68.3%10,000,000$536.7M$53.67No quote
9ARIIAMERICAN RAILCAR INDS INC2.33%-11,871,268$454.67MNo quoteNo quote
10NAVNAVISTAR INTL CORP NEW2.24%-16,729,960$438.83MNo quoteNo quote
11HTZHERTZ GLOBAL HLDGS INC1.72%-29,263,869$336.54M$11.50No quote
12CNDTCONDUENT INC1.61%-19,806,000$315.71M$15.94No quote
13WBTWELBILT INC1.02%-10,582,660$199.48MNo quoteNo quote
14HRIHERC HLDGS INC0.87%-4,312,860$169.58M$39.32No quote
15MTWMANITOWOC INC0.33%-10,582,660$63.6M$6.01No quote
16CVRRCVR REFNG LP0.28%-5,750,000$54.63MNo quoteNo quote