1y return+1.7%S&P 500 +20.9%
3y return−50.9%S&P 500 +68.5%
5y return−65.5%S&P 500 +74.5%
10y return−53.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $47 against $357 in the S&P 500.2
Icahn Carl CS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IEPIcahn Enterprises LP | $4.5B | 54.0% | +12.6% |
| CVICVR Energy Inc | $2.0B | 23.7% | |
| UANCVR Partners, LP | $464.2M | 5.6% | |
| CTRICenturi Holdings, Inc. | $433.5M | 5.2% | |
| IFFInternational Flavors and Fragrances Inc. | $338.7M | 4.1% | |
| ECHOEchoStar Corporation | $142.6M | 1.7% | |
| JBLUJetBlue Airways Corp. | $118.4M | 1.4% | −38.6% |
| MNROMonro, Inc. | $86.9M | 1.1% | |
| CZRCaesars Entertainment, Inc. | $73.6M | 0.9% | |
| SDSandRidge Energy, Inc. | $69.3M | 0.8% | +2.2% |
| AEPAmerican Electric Power Company | $59.5M | 0.7% | −63.9% |
| BLCOBausch Plus Lomb Corp. | $58.0M | 0.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| SDSandRidge Energy, Inc. | June 30, 2020 | +961.8% | $69.3M |
| AEPAmerican Electric Power Company | December 31, 2023 | +68.4% | $59.5M |
| CTRICenturi Holdings, Inc. | June 30, 2024 | +55.2% | $433.5M |
| UANCVR Partners, LP | March 31, 2024 | +41.9% | $464.2M |
| CVICVR Energy Inc | June 30, 2020 | +37.0% | $2.0B |
| ECHOEchoStar Corporation | September 30, 2025 | +32.9% | $142.6M |
| BLCOBausch Plus Lomb Corp. | June 30, 2022 | +8.7% | $58.0M |
| MNROMonro, Inc. | September 30, 2025 | −4.8% | $86.9M |
| JBLUJetBlue Airways Corp. | March 31, 2024 | −22.8% | $118.4M |
| CZRCaesars Entertainment, Inc. | June 30, 2024 | −24.1% | $73.6M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −7.1% | +14.8% |
| March 31, 2026 | +9.9% | −4.6% |
| December 31, 2025 | −10.4% | +2.4% |
| September 30, 2025 | +11.1% | +7.8% |
| June 30, 2025 | +2.2% | +10.5% |
| March 31, 2025 | +1.3% | −4.6% |
| December 31, 2024 | −24.9% | +2.1% |
| September 30, 2024 | −12.4% | +5.4% |
| June 30, 2024 | −8.8% | +4.0% |
| March 31, 2024 | +5.3% | +10.0% |
| December 31, 2023 | −9.6% | +11.2% |
| September 30, 2023 | −18.3% | −3.6% |
| June 30, 2023 | −32.6% | +8.3% |
| March 31, 2023 | +1.6% | +7.0% |
| December 31, 2022 | +3.3% | +7.1% |
| September 30, 2022 | −0.5% | −5.3% |
| June 30, 2022 | −7.8% | −16.5% |
| March 31, 2022 | +15.6% | −4.9% |
| December 31, 2021 | −0.2% | +10.7% |
| September 30, 2021 | −6.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Icahn Carl C Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=921669&type=13F-HR&dateb=&owner=include&count=40CIK 921669
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/921669/000153949726002243/Filed August 14, 2026 · accession 0001539497-26-002243