moatshark My

All managers

Carl Icahn

Carl Icahn, Brett Icahn

In Q2 2026, Carl Icahn held 12 US-listed stocks worth $8.3bn. Its biggest move was adding to Icahn Enterprises (13% more shares, now 54%), followed by cutting American Electric Power (64% fewer shares, now 0.7%). Its largest holding is Icahn Enterprises at 54%.

Source: SEC Form 13F for Q2 2026, filed 14 Aug 2026. How we use them

Latest 13F
Q2 2026
Filed 14 Aug 2026
US holdings
$8.3bn
12 companies
See holdings
Q3 2026 13F due
26 days
Expected Mon 16 Nov

What changed in Q2 2026

Added to

Trimmed

Against Q1 2026, by number of shares and adjusted for splits. Up to five of each, largest first; the full list is below.

US holdings from the 13F

Q2 2026, filed 14 Aug 2026 (filing): 0 new, 2 added to, 2 trimmed, 0 sold out. Select a row to see it over time. How this works
Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter

Download the Q2 2026 holdings: CSV · JSON · Markdown

How the portfolio has changed

Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions. How this works
Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
2013
2015
2017
2019
2021
2023
Q4 ’24
Q2 ’25
Q4 ’25
Q2 ’26

IEPCVISWXAAPLHLFLNGEverything else

2013: Icahn Enterprises 36.6%, Cvr Energy 10.2%, Southwest Gas Holdings 0.0%, Apple 8.7%, Herbalife 4.4%, Cheniere Energy 0.0%; 2014: Icahn Enterprises 31.6%, Cvr Energy 9.0%, Southwest Gas Holdings 0.0%, Apple 18.3%, Herbalife 2.0%, Cheniere Energy 0.0%; 2015: Icahn Enterprises 24.4%, Cvr Energy 9.5%, Southwest Gas Holdings 0.0%, Apple 16.4%, Herbalife 3.1%, Cheniere Energy 4.1%; 2016: Icahn Enterprises 34.8%, Cvr Energy 8.1%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 4.8%, Cheniere Energy 6.0%; 2017: Icahn Enterprises 36.9%, Cvr Energy 11.7%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 6.8%, Cheniere Energy 7.8%; 2018: Icahn Enterprises 49.0%, Cvr Energy 12.0%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 10.2%, Cheniere Energy 6.8%; 2019: Icahn Enterprises 46.3%, Cvr Energy 11.0%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 6.4%, Cheniere Energy 4.6%; 2020: Icahn Enterprises 56.0%, Cvr Energy 5.3%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 4.9%, Cheniere Energy 4.8%; 2021: Icahn Enterprises 57.2%, Cvr Energy 5.4%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 7.4%; 2022: Icahn Enterprises 69.8%, Cvr Energy 10.3%, Southwest Gas Holdings 1.9%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.7%; 2023: Icahn Enterprises 57.9%, Cvr Energy 18.5%, Southwest Gas Holdings 6.4%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q3 ’24: Icahn Enterprises 59.3%, Cvr Energy 15.6%, Southwest Gas Holdings 8.2%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q4 ’24: Icahn Enterprises 52.7%, Cvr Energy 16.9%, Southwest Gas Holdings 9.2%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q1 ’25: Icahn Enterprises 54.5%, Cvr Energy 17.8%, Southwest Gas Holdings 7.2%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q2 ’25: Icahn Enterprises 50.5%, Cvr Energy 24.0%, Southwest Gas Holdings 7.1%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q3 ’25: Icahn Enterprises 47.8%, Cvr Energy 28.1%, Southwest Gas Holdings 5.2%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q4 ’25: Icahn Enterprises 49.1%, Cvr Energy 21.2%, Southwest Gas Holdings 5.7%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q1 ’26: Icahn Enterprises 48.5%, Cvr Energy 28.0%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%; Q2 ’26: Icahn Enterprises 54.0%, Cvr Energy 23.7%, Southwest Gas Holdings 0.0%, Apple 0.0%, Herbalife 0.0%, Cheniere Energy 0.0%
Q2 2026
  1. Icahn Enterprises54.0%
  2. Cvr Energy23.7%
  3. CVR Partners5.6%
  4. Centuri Holdings5.3%
  5. International Flavors & Fragrances4.1%
  6. EchoStar1.7%
  7. Jetblue Airways1.4%
  8. Monro1.1%
  9. Caesars Entertainment0.9%
  10. SandRidge Energy0.8%
  11. American Electric Power0.7%
  12. Bausch Plus Lomb0.7%
Q4 2013Q2 2026

5% stake filings

Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F. How this works
Carl Icahn’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.
CompanyOwnsFormFiled
Icahn Enterprises13D87.7%13D/A25 Sep 2026
Jetblue Airways13D3.3%below 5%13D/A20 Aug 2026
Icahn Enterprises13D87.3%13D/A29 Jun 2026
Jetblue Airways13D5.5%13D/A9 Jun 2026
Jetblue Airways13D6.7%13D/A14 May 2026

US holdings by sector

  • Energy78.5%
  • Materials9.7%
  • Utilities6.0%
  • Communication and media1.7%
  • Industrials1.4%
  • Other1.0%
  • Consumer discretionary0.9%
  • Health care0.7%

Sectors are grouped from each company’s SEC industry code, as a share of the Q2 2026 13F.

US portfolio value by quarter

$12bnQ3 ’23
$11bnQ4 ’23
$12bnQ1 ’24
$11bnQ2 ’24
$9.9bnQ3 ’24
$7.4bnQ4 ’24
$7.5bnQ1 ’25
$7.9bnQ2 ’25
$9.1bnQ3 ’25
$8.4bnQ4 ’25
$8.6bnQ1 ’26
$8.3bnQ2 ’26
Q3 ’23: $12bn; Q4 ’23: $11bn; Q1 ’24: $12bn; Q2 ’24: $11bn; Q3 ’24: $9.9bn; Q4 ’24: $7.4bn; Q1 ’25: $7.5bn; Q2 ’25: $7.9bn; Q3 ’25: $9.1bn; Q4 ’25: $8.4bn; Q1 ’26: $8.6bn; Q2 ’26: $8.3bn

From each quarter’s 13F. Changes reflect both trading and share-price moves.