ICAHN CARL C

CIK 0000921669 · Q1 2026

13F Equity AUM

$8.6B

+1.3% QoQ

Positions

-1 QoQ

AUM Rank

#715

Top 6%

Skill Alpha (FF)

-4.4%/yr^ns

No Clear Edge

Rank #7,206 · Top 88%

vs S&P -20.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 91.2%Top 10: 98.6%Top 20: 100.0%

IEP48.5%

FL928.0%

UAN6.2%

CTRI4.9%

IFF3.6%

SATS1.9%

AEP1.9%

JBLU1.7%

MNRO0.9%

SA2D0.9%

Others (2)1.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials50.2%

Energy28.9%

Basic Materials9.8%

Utilities6.7%

Other4.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 12Median: 1.88%Avg: 8.33%

0–0.5%

0(0.0%)

0.5–1%

4(3.3%)

1–3%

3(5.5%)

3–5%

2(8.5%)

5%+

3(82.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 12Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

BANK OF AMERICA CORP /DE/

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

JPMORGAN CHASE & CO

0.2%

BlackRock, Inc.

0.2%

VANGUARD CAPITAL MANAGEMENT LLC

0.3%

STATE STREET CORP

0.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.3%

FMR LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased2Decreased1Exited1

Increased

FL928.0%

+783K(+1%)

SA2D0.9%

+36K(+1%)

Decreased

SATS1.9%

-1,950,000(-58%)

Exited

SWX

-6,032,604

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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