{
  "data": {
    "slug": "carl-icahn",
    "name": "Carl Icahn",
    "fund": "Icahn Enterprises",
    "role": "Chairman",
    "philosophy": "Buy undervalued, force change, exit at fair value.",
    "bio": "Wall Street's most feared activist. Made his name with corporate raids in the 80s; still running plays in his late 80s.",
    "longest_holding": "CVR Energy (since 2012)",
    "quality_score": 8,
    "cagr_10y": -5.2,
    "holdings": [
      {
        "ticker": "IEP",
        "name": "Icahn Enterprises (own)",
        "pct": 65,
        "shares_mn": 343,
        "thesis": "His own holding company — dominant position."
      },
      {
        "ticker": "CVI",
        "name": "CVR Energy",
        "pct": 14.2,
        "shares_mn": 71,
        "thesis": "Refining + nitrogen fertilizers — long held."
      },
      {
        "ticker": "OXY",
        "name": "Occidental Petroleum",
        "pct": 4.8,
        "shares_mn": 18,
        "thesis": "Activist position vs management — scaled back."
      },
      {
        "ticker": "BHC",
        "name": "Bausch Health",
        "pct": 4.1,
        "shares_mn": 35,
        "thesis": "Pharma turnaround bet."
      },
      {
        "ticker": "FE",
        "name": "FirstEnergy",
        "pct": 3.6,
        "shares_mn": 24,
        "thesis": "Utility activist position."
      },
      {
        "ticker": "DNUT",
        "name": "Krispy Kreme",
        "pct": 2.4,
        "shares_mn": 19,
        "thesis": "Brand recovery play."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "DNUT",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 2.9
      },
      {
        "quarter": "2025-Q4",
        "ticker": "OXY",
        "action": "trim",
        "delta_pct": -12,
        "portfolio_impact_pct": 4.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "DNUT",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 2.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "OXY",
        "action": "trim",
        "delta_pct": -15,
        "portfolio_impact_pct": 4.8
      },
      {
        "quarter": "2025-Q2",
        "ticker": "OXY",
        "action": "trim",
        "delta_pct": -20,
        "portfolio_impact_pct": 5.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "SWK",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q4",
        "ticker": "IEP",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 49.1
      },
      {
        "quarter": "2025-Q3",
        "ticker": "SWK",
        "action": "trim",
        "delta_pct": -20,
        "portfolio_impact_pct": 5.2
      },
      {
        "quarter": "2025-Q2",
        "ticker": "IEP",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 50.5
      },
      {
        "quarter": "2025-Q2",
        "ticker": "DANA",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q1",
        "ticker": "SWK",
        "action": "trim",
        "delta_pct": -22,
        "portfolio_impact_pct": 7.2
      },
      {
        "quarter": "2024-Q4",
        "ticker": "SWK",
        "action": "trim",
        "delta_pct": -13,
        "portfolio_impact_pct": 9.2
      },
      {
        "quarter": "2024-Q3",
        "ticker": "IEP",
        "action": "add",
        "delta_pct": 7,
        "portfolio_impact_pct": 59.3
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
    "license_url": "https://holdlens.com/api-terms",
    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
  }
}