13F portfolio / Activist, ultra-concentrated
Carl Icahn
Carl Icahn
Carl Icahn is an activist investor who controls Icahn Enterprises. This 13F is filed in his name and reports the US-listed stakes he and his affiliated entities hold, which are typically few and large.
- Reported 13F value
- $8.3B
- Positions
- 12
- Est. 1-yearEstimate
- +20.1%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +0.9%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
0 new · 2 added · 2 trimmed · 8 unchanged · 0 sold out
| 1 | IEP on Yahoo Finance (opens in a new tab) | Icahn Enterprises LPDEPOSITARY UNIT | 54.0% | $4.5B | 618,393,343 | Added +12.6% | $9.17* | $6.62 | -27.8% |
| 2 | CVI on Yahoo Finance (opens in a new tab) | CVR Energy IncCOM | 23.7% | $2.0B | 71,201,875 | Unchanged | $30.14* | $61.62 | +104.4% |
| 3 | UAN on Yahoo Finance (opens in a new tab) | CVR Partners, LPCOM | 5.6% | $464M | 4,164,274 | Unchanged | $52.28 | $131.37 | +151.3% |
| 4 | CTRI on Yahoo Finance (opens in a new tab) | Centuri Holdings, Inc.COM SHS | 5.2% | $434M | 14,336,044 | Unchanged | $21.39 | $19.84 | -7.2% |
| 5 | IFF on Yahoo Finance (opens in a new tab) | International Flavors and Fragrances Inc.COM | 4.1% | $339M | 4,275,000 | Unchanged | $72.34* | $89.91 | +24.3% |
| 6 | ECHO on Yahoo Finance (opens in a new tab) | EchoStar CorporationCL A | 1.7% | $143M | 1,404,542 | Unchanged | $45.28 | $85.36 | +88.5% |
| 7 | JBLU on Yahoo Finance (opens in a new tab) | JetBlue Airways Corp.COM | 1.4% | $118M | 20,658,179 | Trimmed -38.6% | $6.38 | $2.97 | -53.4% |
| 8 | MNRO on Yahoo Finance (opens in a new tab) | Monro, Inc.COM | 1.1% | $87M | 5,078,573 | Unchanged | $16.70 | $13.71 | -17.9% |
| 9 | CZR on Yahoo Finance (opens in a new tab) | Caesars Entertainment, Inc.COM | 0.9% | $74M | 2,440,109 | Unchanged | $37.57 | $28.76 | -23.4% |
| 10 | SD on Yahoo Finance (opens in a new tab) | SandRidge Energy, Inc.COM NEW | 0.8% | $69M | 5,054,907 | Added +2.2% | $12.73* | $14.35 | +12.7% |
| 11 | AEP on Yahoo Finance (opens in a new tab) | American Electric Power CompanyCOM | 0.7% | $59M | 434,710 | Trimmed -63.9% | $70.11 | $126.89 | +81.0% |
| 12 | BLCO on Yahoo Finance (opens in a new tab) | Bausch Plus Lomb Corp.COMMON SHARES | 0.7% | $58M | 3,500,000 | Unchanged | $17.37* | $16.31 | -6.1% |
Sold out since Q1 2026
- No full exits this quarter.
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 1. Of 1 with six months of history, 100.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001539497-26-002243, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.