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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 18 rows. Rows without a quote are marked unavailable.

1IEPICAHN ENTERPRISES LP44.76%-157,898,582$9.01B$57.04No quote
2HLFHERBALIFE LTD11.08%-22,872,324$2.23B$97.47No quote
3CVICVR ENERGY INC10.69%-71,198,718$2.15B$30.22No quote
4LNGCHENIERE ENERGY INC8.68%-32,680,490$1.75BNo quoteNo quote
5FCXFREEPORT-MCMORAN INC4.38%Reduce -35.0%50,161,354$881.34M$17.57No quote
6NWLNEWELL BRANDS INC3.83%New30,279,791$771.53M$25.48No quote
7XRXXEROX CORP3.35%Reduce -5.3%23,456,087$675.07M$28.78No quote
8NAVNAVISTAR INTL CORP NEW2.91%-16,729,960$585.05MNo quoteNo quote
9HTZHERTZ GLOBAL HLDGS INC2.89%-29,263,869$580.89M$19.85No quote
10ARIIAMERICAN RAILCAR INDS INC2.21%-11,871,268$444.1MNo quoteNo quote
11CNDTCONDUENT INC1.83%-19,806,000$369.18M$18.64No quote
12HRIHERC HLDGS INC1.45%-4,494,789$291.94M$64.95No quote
13WBTWELBILT INC0.97%-10,082,660$196.11MNo quoteNo quote
14CVRRCVR REFNG LP0.37%-5,750,000$75.04MNo quoteNo quote
15SDSANDRIDGE ENERGY INC0.35%-4,818,832$69.92M$14.51No quote
16MTWMANITOWOC CO INC0.24%Reduce -36.3%1,686,076$47.99M$28.46No quote
18PYPLPAYPAL HLDGS INC-Sold0$0No quoteNo quote
17AIGAMERICAN INTL GROUP INC-Sold0$0No quoteNo quote