13F filing recap · Q1 2025

What did Icahn Capital LP buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$7.49B

Positions

Estimated turnover

3.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Icahn Capital LP added slightly to Cvr Energy and Cvr Partners, trimmed Southwest Gas Holdings, and increased Jetblue Airways substantially and Illumina dramatically.

Increased positions

CVICvr Energy, Inc$1.33Breported value+1.84M shares+2.8%UANCvr Partners, LP$308.13Mreported value+33.0K shares+0.8%JBLUJetblue Airways Corporation$162.06Mreported value+15.89M shares+89.7%ILMNIllumina, Inc.$17.45Mreported value+180.0K shares+450.0%

Reduced positions

SWXSouthwest Gas Holdings, Inc.$540.84Mreported value-2.10M shares-21.8%