Carl C. Icahn
The positions Carl C. Icahn reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
Nothing new. The book is the same set of names it held last quarter.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
Nothing was sold out of. Every name held last quarter is still on the filing.
Every reported position, Q2 2026
12 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
Icahn Enterprises LP DEPOSITARY UNIT · CUSIP 451100101 | 54% | $4.5bn | 618,393,343 | +$311m +68,992,804 shares | Added |
CVR Energy Inc (CVI) COM · CUSIP 12662P108 | 24% | $2.0bn | 71,201,875 | -$435m 0 shares | Held |
CVR Partners, LP (UAN) COM · CUSIP 126633205 | 5.6% | $464m | 4,164,274 | -$63m 0 shares | Held |
Centuri Holdings, Inc. (CTRI) COM SHS · CUSIP 155923105 | 5.2% | $434m | 14,336,044 | +$15m 0 shares | Held |
International Flavors and Fragrances Inc. COM · CUSIP 459506101 | 4.1% | $339m | 4,275,000 | +$29m 0 shares | Held |
EchoStar Corporation (ECHO) CL A · CUSIP 278768106 | 1.7% | $143m | 1,404,542 | -$22m 0 shares | Held |
JetBlue Airways Corp. (JBLU) COM · CUSIP 477143101 | 1.4% | $118m | 20,658,179 | -$30m -12,963,556 shares | Trimmed |
Monro, Inc. (MNRO) COM · CUSIP 610236101 | 1.1% | $87m | 5,078,573 | +$5.4m 0 shares | Held |
Caesars Entertainment, Inc. (CZR) COM · CUSIP 12769G100 | 0.9% | $74m | 2,440,109 | +$9.2m 0 shares | Held |
SandRidge Energy, Inc. (SD) COM NEW · CUSIP 80007P869 | 0.8% | $69m | 5,054,907 | -$11m +107,206 shares | Added |
American Electric Power Company (AEP) COM · CUSIP 025537101 | 0.7% | $60m | 434,710 | -$99m -770,590 shares | Trimmed |
Bausch Plus Lomb Corp. COMMON SHARES · CUSIP 071705107 | 0.7% | $58m | 3,500,000 | +$2.3m 0 shares | Held |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $8.3bn | 12 | 99% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $8.6bn | 12 | 99% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $8.4bn | 13 | 98% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $9.1bn | 13 | 99% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $7.9bn | 12 | 99% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $7.5bn | 14 | 98% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $7.4bn | 14 | 98% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $9.9bn | 14 | 98% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More