Carl Icahn's Q4 2025 13F Filing: Key Insights and Portfolio Moves

Carl Icahn's Q4 2025 13F filing reveals his strategic moves, including a 5.87% increase in Icahn Enterprises LP (NASDAQ:IEP) shares, a 32.16% increase in Centuri Holdings Inc (NYSE:CTRI) shares, a 22.96% decrease in EchoStar Corp (NASDAQ:SATS) shares, and a 10% reduction in International Flavors & Fragrances Inc (NYSE:IFF) shares. Icahn's investment style focuses on buying undervalued assets, often out of bankruptcy, and fixing them up for resale. His most notable increase was in Icahn Enterprises LP, with a total value of $4,147,974,070.