Filing Flows › 13F managers › Icahn Carl C
Icahn Carl C: 13F portfolio Q2 2023 and what copying it returned
Icahn Carl C's 13F for the quarter ended 2023-06-30 (filed Aug 14, 2023): 15 common-share positions, $15.5B reported. Copying each 13F the day after it was filed returned -50.6% from Jun 2, 2022 to Nov 20, 2023, against +10.9% for SPY.
Copying the 13F
Each 13F bought at the close of the first trading day after it was filed and held, drifting, until the next one; value-weighted over the common-share positions with a price (93.8% of the portfolio on average); 2 filings since Nov 15, 2021. Price returns for the clone and SPY alike (no dividends, no costs). A 13F lists only US long positions at quarter end, reported up to 45 days later.
Largest holdings (2023-06-30)
| Ticker | Company | Weight | Value | Change in the quarter |
|---|---|---|---|---|
| IEP | Icahn Enterprises L.P. | 62.7% | $9.7B | +11.5% |
| CVI | CVR Energy | 13.8% | $2.1B | unchanged |
| SWX | Southwest Gas Holdings | 4.5% | $690M | +3.1% |
| FE | Firstenergy | 3.5% | $548M | -25.7% |
| XRX | Xerox Holdings | 3.3% | $510M | unchanged |
| BHC | Bausch Health Companies | 1.8% | $278M | unchanged |
| NWL | Newell Brands | 1.7% | $261M | unchanged |
| DAN | Dana | 1.6% | $243M | unchanged |
| CNDT | Conduent | 0.8% | $130M | unchanged |
| CCK | Crown Holdings | 0.6% | $90.4M | unchanged |
| ILMN | Illumina | 0.5% | $80.6M | unchanged |
| SD | Sandridge Energy | 0.5% | $73.5M | unchanged |
| BLCO | Bausch & Lomb | 0.4% | $70.2M | unchanged |
| IFF | International Flavors & Fragrances | 0.3% | $51.3M | unchanged |
Biggest adds
- IEP +11.5%
- SWX +3.1%
Biggest cuts
- LNG exit
- HRI exit
- FE -25.7%
Track record
Of 5 position changes scored in 5 separate decisions, 40.0% were on the right side of SPY over the next three months (Disclosures → Smart money).
Open in Disclosures → every quarter, the clone month by month, the smart-money record
Source: SEC Form 13F-HR, filer CIK 921669. Not investment advice.