Star investors Carl Icahn made some purchases and sales in the first quarter of 2025 and thus adapted the stock investments in his depot.
In the first quarter of 2025, the legendary investor Carl Icahn managed assets of around $ 7.49 billion in his depot. This sum thus significantly exceeds the threshold of $ 100 million, from which investors have to disclose their investments on the quarterly compared to the US stock exchange supervisory authority SEC. Therefore, Carl Icahn was also obliged to report on its participations in the first quarter of the year using the 13F form.
In his portfolio, the investor mainly readjusted in the first quarter of 2025 and adjusted the size of several participations. He almost doubled an investment compared to the previous quarter. However, number one in the Starinvestor depot remains an old acquaintance.
In the following ranking, the ten largest participations by Carl Icahn are listed according to their value at the end of the first quarter of 2025. Only stock investments were taken into account. Status of the data is March 31, 2025, they were published on May 15, 2025.
Editor finance.net
11th place: the ranking
In the first quarter of 2025, star investor Carl Icahn managed a fortune of around $ 7.49 billion. Since the value of $ 100 million is clearly exceeded, Icahn also had to disclose its investments in a 13F form at the end of the 1st quarter of 2025. In the following ranking, the top ten of the investments in the past annual quarter are listed, sorted by their share in its overall depot. Only stock investments are taken into account. Status of the ranking is March 31, 2025.
Source: sec.gov, Image: Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images
10th place: Caesars Entertainment
Star investor Carl Icahn did not feel his participation in the hotel and casino operator Caesars Entertainment in the first quarter of 2025. There were still 2,440,109 shares in the depot, which were worth around $ 61.00 million on the cut-off date. This corresponds to a share of 0.81 percent in the overall portfolio and again tenth place in the ranking.
Source: Sec.Gov, Image: Caesars Entertainment
9th place: American Electric Power
The energy company American Electric Power was also able to defend its place in the ranking. The star investor in the past annual quarter has also changed this participation. The 1,205,300 shares held had a value of around $ 131.70 million on March 31, 2025 on March 31, 2025. In the entire portfolio, the investment made 1.76 percent.
Source: sec.gov, Image: T. Schneider / Shutterstock.com
8th place: Jetblue Airways
In contrast, Carl Icahn has massively expanded his participation in Jetblue Airways in the first quarter of 2025: by a whopping 89.66 percent, or 15,894,706 shareholders, he enlarged his previous investment. At the end of the quarter, Icahn therefore had a total of 33,621,735 stocks of the airline worth around $ 162.06 million. These made 2.16 percent on his overall depot. In the ranking, Jetblue Airways lands in eighth place despite the acquisitions, as in the previous quarter.
Source: sec.gov, Image: Markus Mainka / Shutterstock.com
7th place: Dana
The automotive supplier Dana remains unchanged in seventh place, in which Icahn has been involved since the end of 2020. In this position, the old master kept his feet still in the first quarter of 2025. Thus, 14,286,505 Dana shares were still in the depot and thus accounted for 2.54 percent of all systems. As of the cut-off date, this position was worth around $ 190.44 million.
Source: sec.gov, Image: Igorgolovniov / Shutterstock.com
6th place: Bausch Health
As in the previous quarter, Carl Icahn continued to hold 34,721,118 Bausch Health shares in the past annual quarter. The unchanged participation in the pharmaceutical company continued to finish in sixth place in the ranking. The shares were worth around $ 224.65 million on the cut-off date and made 3.00 percent of its total depot.
Source: sec.gov, Image: Pavel Kapysh / Shutterstock.com
5th place: International Flavors & Fragrances
For the participation in International Flavor & Fragrances, on the other hand, compared to the previous quarter, it went down for a place in the ranking – although Carl Icahn did not touch this position in the 1st quarter of 2025. Thus, there were also 3,750,000 shares of the fragrance manufacturer in his depot. With a value of around $ 291.04 million, the investment accounted for 3.89 percent of its total portfolio on March 31.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
4th place: CVR Partners LP
On the other hand, it was for CVR Partners LP for a place up to fourth place. In the 1st quarter of 2025, Carl Icahn expanded his participation by 0.81 percent, or 32,963 shares, so that a total of 4,099,155 shares of the nitrogen fertilizer producer were in his depot on the cut -off date. At the end of the quarter, they had a value of around $ 308.13 million and made up for 4.12 percent of its total portfolio.
Source: sec.gov, Image: Macroecon / Shutterstock.com
3rd place: Southwest gas
In the first quarter of 2025, Carl Icahn separated from 2,100,000 Southwest gas shares, or 21.8 percent of his participation. With a value of around 540.84 million US dollars, the remaining 7,532,604 Southwest gas shares managed to third in the ranking as in the previous quarter and thus again onto the podium. As of March 31, 2025, participation came to a share of 7.22 percent in the total portfolio.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
2nd place: CVR Energy
CVR Energy landed in second place as in the previous quarter. Carl Icahn expanded the position by 2.76 percent last year and bought 1,841,889 shares. As a result, a total of 68,534,270 shares of the energy company were in its portfolio, which were worth around $ 1.33 billion and kept 17.76 percent of the total depot.
Source: sec.gov, Image: Rafapress / Shutterstock.com
1st place: Icahn Enterprises
As in the previous quarters, the participation in his own holding company Icahn Enterprises was also in first place in the depot of the star investor in the first quarter of 2025. Icahn left the position in the reporting period unchanged, so that there were still 450,788,170 shares in his portfolio, which came up with a value of around $ 4.08 billion on the cut-off date. This corresponds to a share of 54.55 percent of the total depot.
Source: sec.gov, Image: Igorgolovniov / Shutterstock.com
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Image sources: Neilson Barnard/Getty Images for New York Times, Heidi Gutman/CNBC/NBCU Photo Bank via Getty Images