13F filing recap · Q3 2025

What did Icahn Capital LP buy in Q3 2025?

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

Stock value

$9.14B

Positions

Estimated turnover

12.5%

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 opened new positions in Echostar Corporation and Monro, Inc. and exited Bausch Health Companies entirely. The fund also added to Centuri Holdings substantially, increased International Flavors & Fragrances and Icahn Enterprises, and trimmed Southwest Gas Holdings.

New positions

ECHOEchostar Corporation$332.51Mreported value+4.35M shares MNROMonro, Inc.$26.33Mreported value+1.47M shares

Increased positions

IEPIcahn Enterprises L.p.$4.37Breported value+24.15M shares+4.9%IFFInternational Flavors & Fragrances Inc$292.31Mreported value+1.00M shares+26.7%CTRICenturi Holdings, Inc.$229.65Mreported value+4.44M shares+69.4%SDSandridge Energy, Inc.$54.94Mreported value+51.4K shares

Reduced positions

SWXSouthwest Gas Holdings, Inc.$472.59Mreported value-1.50M shares-19.9%

Exited positions

BHCBausch Health Companies Inc.$231.24Mprior reported value-34.72M shares-100.0%