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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 10 of 19 rows. Rows without a quote are marked unavailable.

1IEPIcahn Enterprises LP53.80%Add +7.2%237,645,770$13.07B$54.9952w: $47.45 - $69.10; reported $54.99
2OXYOccidental Petroleum Corp6.32%Reduce -42.9%49,125,346$1.54B$31.2752w: $8.52 - $33.01; reported $31.27
3LNGCheniere Energy Inc5.77%-16,168,606$1.4BNo quoteNo quote
4CVICVR Energy Inc5.26%-71,198,718$1.28B$17.9652w: $9.81 - $27.02; reported $17.96
5NWLNewell Brands, Inc4.94%-43,704,616$1.2B$27.4752w: $14.95 - $30.10; reported $27.47
6BHCBausch Health Companies Inc.4.12%-34,109,152$1B$29.3252w: $14.86 - $34.80; reported $29.32
7CLDRCloudera Inc3.42%-52,327,391$829.91MNo quoteNo quote
8NAVNavistar International Corporation3.06%-16,729,960$744.48MNo quoteNo quote
9XRXXerox Holdings Corporation3.01%Add +8.3%31,142,681$731.54M$23.4952w: $14.51 - $26.96; reported $23.49
10FEFirstEnergy Corp2.91%-18,967,757$705.79M$37.2152w: $22.85 - $42.35; reported $37.21
11HRIHerc Holdings Inc2.07%-4,494,789$503.73M$112.0752w: $28.51 - $118.59; reported $112.07
12CNDTConduent Inc1.18%-38,149,336$286.12M$7.5052w: $1.88 - $8.50; reported $7.50
13DANDana Inc.1.18%-12,036,505$285.99MNo quoteNo quote
14OXY/WSOccidental Petroleum Corp WarrantsCUSIP 6745991621.11%-19,304,913$268.53MNo quoteNo quote
15WBTWelbilt Inc1.06%Reduce -6.6%11,150,368$258.13MNo quoteNo quote
16DKDelek US Holdings, Inc.0.66%Reduce -29.2%7,461,625$161.32MNo quoteNo quote
17SDSandRidge Energy, Inc.0.12%-4,818,832$30.26M$6.2852w: $1.20 - $6.66; reported $6.28
19TENTenneco Inc (Class A)-Sold0$0No quoteNo quote
18HLFHerbalife Ltd-Sold0$0No quoteNo quote