Icahn Carl C
Icahn Enterprises L.P. is a publicly traded master limited partnership and diversified holding company headquartered in Sunny Isles Beach, Florida. Controlled by Carl Icahn, the firm invests across industries including energy, automotive, food packaging, metals, real estate, and home fashion. Founded in 1987, Icahn Enterprises represents the flagship entity for Carl Icahn’s investment and activist activities. As of 2017, the conglomerate had over 89,000 employees and primarily serves shareholders and investors seeking exposure to activist-driven value creation and industrial conglomerate assets. Its approach is closely associated with shareholder activism, corporate restructuring, and large-scale buyouts.
Investment Strategy
Icahn Enterprises employs an activist investment strategy, taking sizable positions in undervalued companies and leveraging its influence to advocate for significant management and operational changes. The firm’s philosophy centers on restructuring, asset optimization, and shareholder value enhancement. Its investment activities span multiple sectors, combining opportunistic control investments, distressed asset acquisition, and turnaround expertise. Icahn Enterprises frequently targets companies where strategic changes can drive substantial appreciation, using active engagement, proxy battles, and negotiated transactions to realize value. This approach is widely known as activist investing, credited with popularizing shareholder activism in modern hedge funds.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IEP | Icahn Enterprises LP | 50.47% | $3.98B | 494,783,619 | $40.92 | $8.05 | -$103.6M |
C CVI | CVR Energy Inc | 23.97% | $1.89B | 70,418,471 | $40.11 | $26.85 | +$561.2M |
S SWX | Southwest Gas Holdings Inc. | 7.11% | $560.4M | 7,532,604 | $70.01 | $74.39 | +$19.5M |
U UAN | CVR Partners, LP | 4.69% | $370.0M | 4,164,274 | $78.85 | $88.84 | +$61.8M |
I IFF | International Flavors and Fragrances Inc. | 3.50% | $275.8M | 3,750,000 | $94.10 | $73.55 | -$15.2M |