Carl Icahn's Q3 Portfolio: EchoStar Boosted, Bausch Health Dumped

Activist hedge fund billionaire Carl Icahn's Q3 portfolio shows a $9.14 billion book with a concentration of contrarian and undervalued companies. Icahn dumped Bausch Health and Southwest Gas, but added 4.35 million shares of EchoStar Corp, making it one of his top five positions. His portfolio remains highly concentrated, with 98.5% of capital in just 10 stocks, and Icahn Enterprises LP accounting for nearly 48% of total assets. Icahn's reshuffle signals a rare surrender and doubling down on his empire.