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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  3. Carl Icahn
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  • Portfolio13
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Carl Icahn

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  • Activist · CIK 0000921669
  • Energy Specialist
  • Highly Concentrated
  • Mid-Size Fund

Carl Icahn, an activist overseeing $8.45B in disclosed equity holdings (SEC CIK 0000921669). The latest portfolio (2025Q4) discloses 13 positions across 7 sectors, with the largest positions in IEP, CVI and SWX. On a mark-to-market basis the tracked portfolio has returned 49.0% since 2016Q1. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Carl's filingsView holdings↓
Portfolio
$8.45B
Positions
13
Quarter
2025Q4
Filings tracked
40
Since filing+49.0%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Not enough filing history to compute mark-to-market returns for Carl Icahn.

We need at least one year of portfolio coverage with priceable positions.

Performance overview

We mark Carl Icahn's disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Carl’s portfolio is 49.0% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2021Q2 · through 2025Q4
Carl Icahn
-55.7%
SPY
+69.5%
Alpha
-125.2pp
29671051421802021Q22023Q32025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$3.27B+$1.64B$0-$1.64B-$3.27B'21Q4'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3
Latest · 2025Q3
+$370M
Lifetime buys
$10.03B
Lifetime sells
$10.44B
Portfolio over time
AUMPositions
$0$7.36B$14.71B$22.29B1712'21Q4'23Q3'25Q3
QoQ AUM
+15.9%
16Q lifetime AUM
-59.0%
QoQ positions
+1
16Q lifetime positions
-3
Position concentration
13 positions
Top 1
48%
of book
  • Top 148%$4.37BIEP
  • Top 2-541%$3.75BCVI, SWX, UAN
  • Top 6-1010%$888.9MIFF, CTRI, JBLU
  • Top 11-201%$134.0MSD, BLCO, MNRO
  • Rest0%$0—