---
name: Copy Icahn (Carl C. Icahn)
kind: hedgecopy-fund
cik: 0000921669
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-14
author: HedgeCopy
---

# Copy Icahn (Carl C. Icahn) (13F follow-the-filing)

Icahn (Carl C. Icahn) files a 13F-HR with the SEC each quarter (CIK 0000921669). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +4.6% vs SPY +22.9% (alpha -18.3%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): -10.2% vs SPY +17.3%
- Follow-the-filing TTM: +27.9% vs SPY +16.2% (alpha +11.7%)
- Quarters of history: 17; average coverage 100%; flags: none

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | IEP | Icahn Enterprises LP | 54.0% |
| 2 | CVI | CVR Energy Inc | 23.7% |
| 3 | UAN | CVR Partners, LP | 5.6% |
| 4 | CTRI | Centuri Holdings, Inc. | 5.2% |
| 5 | IFF | International Flavors and Fragrances Inc | 4.1% |
| 6 | ECHO | EchoStar Corporation | 1.7% |
| 7 | JBLU | JetBlue Airways Corp. | 1.4% |
| 8 | MNRO | Monro, Inc. | 1.1% |
| 9 | CZR | Caesars Entertainment, Inc. | 0.9% |
| 10 | SD | SandRidge Energy, Inc. | 0.8% |
| 11 | AEP | American Electric Power Company | 0.7% |
| 12 | BLCO | Bausch Plus Lomb Corp. | 0.7% |

## About the fund

Icahn Capital is the money-management arm of Icahn Enterprises, a diversified holding company led by Carl Icahn. The firm is a well-known activist investor that takes significant stakes in public companies to drive value through operational changes, sales, or break-ups.

- Strategy: Activist investor
- Type: Activist
- Founders: Carl Icahn
- Key people: Carl Icahn (Chief Executive Officer); Robert Flint (Chief Accounting Officer of Icahn Enterprises L.P.); Colin Kwak (Head Trader at Icahn Capital LP)
- Founded 1968 · HQ Sunny Isles Beach, USA
- Reported AUM: $8.3bn (as of Q2 2026)
- Website: https://carlicahn.com/

### Approach
The firm is a leading shareholder activist that takes large, often controlling stakes in companies to unlock shareholder value. Its approach involves public pressure, advocating for break-ups, sales, or operational improvements to enhance competitiveness. The firm invests its proprietary capital through various private investment funds.

### History
Carl Icahn began his career on Wall Street in 1961 and formed his securities firm, Icahn & Co., in 1968, which initially focused on arbitrage and options trading. By 1978, he began taking substantial and controlling positions in individual companies, establishing himself as a prominent shareholder activist. He has led Icahn Capital, the money-management arm of his holding company Icahn Enterprises, as chief executive since 2007.

### Notable positions / campaigns
- Apple: Historical activist position in the technology company.
- Netflix: Historical activist position in the technology company.
- Motorola: Historical activist position in the technology company.
- Chesapeake Energy: Historical activist position in the energy company.
- Biogen: Historical activist position in the pharmaceutical company.
- Dell: Historical activist position in the technology company.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0000921669"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.