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HoldLens
Carl Icahn · quarter digest

What Carl Icahn did in Q3 2025

Icahn Enterprises filed 3 moves in Q3 2025: 0 new, 1 add, 2 trim, 0 exit.

13F filed 2025-11-14. Manager quality score: q8. Philosophy: Buy undervalued, force change, exit at fair value.

Adds · 1

Adding to conviction

ADD +18%·2.4% book·+6

Adding to Krispy Kreme.

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Trims · 2

Taking chips off

SWKSouthwest Gas Holdings Inc.
TRIM -20%·5.2% book·+1
TRIM -15%·4.8% book·+33

Pullback from Occidental.

Current top holdings

Carl Icahn’s book, latest snapshot

#TickerWeight
1IEP
Icahn Enterprises (own)
65.0%
2CVI
CVR Energy
14.2%
3OXY
Occidental Petroleum
4.8%
4BHC
Bausch Health
4.1%
5FE
FirstEnergy
3.6%
6DNUT
Krispy Kreme
2.4%

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.