# Icahn (Carl Icahn): 13F portfolio, Q2 2026

Carl Icahn's investment firm, Sunny Isles Beach.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/921669/000153949726002243/0001539497-26-002243-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/carl-icahn
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $8.3B (Q1 2026: $8.6B)
- Positions: 12 (Q1 2026: 12)
- Top 10 holdings: 98.6% of the portfolio
- This quarter: 0 new, 2 added to, 2 trimmed, 0 sold out

## What Icahn did in Q2 2026
Icahn cut American Electric Power by 64%. Icahn Enterprises is still the largest holding, at 54.0% of the portfolio.

## Biggest buys
- Icahn Enterprises (IEP): +13%
- Sandridge Energy (SD): +2%

## Biggest sells
- American Electric Power (AEP): −64%
- Jetblue Airways (JBLU): −39%

## Top 12 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Icahn Enterprises | IEP | 54.0% | $4.5B | +13% | Q3 2024 or earlier |
| 2 | Cvr Energy | CVI | 23.7% | $2.0B | No change | Q3 2024 or earlier |
| 3 | Cvr Partners | UAN | 5.6% | $464.2M | No change | Q3 2024 or earlier |
| 4 | Centuri Holdings | CTRI | 5.2% | $433.5M | No change | Q3 2024 or earlier |
| 5 | International Flavors & Fragrances | IFF | 4.1% | $338.7M | No change | Q3 2024 or earlier |
| 6 | EchoStar | ECHO | 1.7% | $142.6M | No change | Q3 2025 |
| 7 | Jetblue Airways | JBLU | 1.4% | $118.4M | −39% | Q3 2024 or earlier |
| 8 | Monro | MNRO | 1.1% | $86.9M | No change | Q3 2025 |
| 9 | Caesars Entertainment | CZR | 0.9% | $73.6M | No change | Q3 2024 or earlier |
| 10 | Sandridge Energy | SD | 0.8% | $69.3M | +2% | Q3 2024 or earlier |
| 11 | American Electric Power | AEP | 0.7% | $59.5M | −64% | Q3 2024 or earlier |
| 12 | Bausch & Lomb | BLCO | 0.7% | $58.0M | No change | Q3 2024 or earlier |

## Other value investors
- Kahn Brothers: https://valuepeg.com/managers/kahn-brothers
- Leon Cooperman: https://valuepeg.com/managers/leon-cooperman
- Lindsell Train: https://valuepeg.com/managers/lindsell-train
- Lone Pine Capital: https://valuepeg.com/managers/lone-pine-capital
- Markel Group: https://valuepeg.com/managers/markel-group

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.