Carl Icahn - Icahn Capital Management
Superinvestor profile · Rank #59 by reported 13F value (2026 Q2 filers) · CIK 0000921669 · All profiles
Founded 2004Sunny Isles Beach, FLActivist investing, value-oriented activist strategy taking large stakes to push for corporate changeKey person: Carl Icahn
Reported 13F value
$8.3B
Period 2026-06-30 · Filed 2026-08-14
Positions
12
Top 10 = 98.6% of value
Clone CAGR (full window)
+1.2%
2016-11-14 → 2026-10-02 · cumulative +13%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-65%
Month-end values, approximate
Latest-quarter activity
0 new · 0 exited
2 increased · 2 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +1.22% | Cumulative +12.8% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | -6.62% | |
| Trailing 3Y | +1.50% | |
| Trailing 1Y | +23.11% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| IEP | Icahn Enterprises Lp | 53.95% | $4.5B |
| CVI | Cvr Energy Inc | 23.73% | $2.0B |
| UAN | Cvr Partners, Lp | 5.62% | $464M |
| CTRI | Centuri Holdings, Inc. | 5.25% | $434M |
| IFF | International Flavors And Fragrances Inc. | 4.10% | $339M |
| ECHO | Echostar Corporation | 1.73% | $143M |
| JBLU | Jetblue Airways Corp. | 1.43% | $118M |
| MNRO | Monro, Inc. | 1.05% | $87M |
| CZR | Caesars Entertainment, Inc. | 0.89% | $74M |
| SD | Sandridge Energy, Inc. | 0.84% | $69M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-14). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 100.0% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://en.wikipedia.org/wiki/Carl%20Icahn — Icahn Funds / Icahn Partners hedge fund launched in November 2004, managed through Icahn Capital LP, a subsidiary of Icahn Enterprises (founded 1987; Icahn & Co. founded 1968). Returned outside fee-paying capital in 2011 and now manages primarily Icahn's own capital. Headquarters moved to Sunny Isles Beach, FL.