Carl Icahn Exits Dana, Illumina, Increases CVR Energy Stake in Q2

Carl Icahn exited stakes in Dana Inc. and Illumina in Q2, according to his latest 13F filing. He sold 14.3 million shares in Dana and increased his stakes in CVR Energy, among other moves.

Activist investor Carl Icahn made significant changes to his portfolio in the second quarter of 2025, according to his latest 13F filing. The billionaire exited stakes in Dana Inc. (NYSE: DAN) and Illumina (NASDAQ: ILMN), while increasing his holdings in CVR Energy (CVI) and Centuri Holdings (CTRI).

Icahn sold 14.3 million shares of Dana Inc., a medical device company, as part of his Q2 moves. The sale comes amidst Dana's efforts to raise shareholder return targets and signal a commitment to a 10% margin for 2026 [1]. The company's Q2 earnings report indicated a focus on its Off-Highway division, which is nearing the close of a sale.

Meanwhile, Icahn increased his stakes in CVR Energy, a refiner and marketer of crude oil and natural gas, to 70.4 million shares, valued at $1.88 billion at June 30. He also added to his position in Centuri Holdings, a financial services company, with a stake of 6.4 million shares.

These moves reflect Icahn's strategy to adjust his portfolio based on the latest financial data and company performance. As of July 2, 2025, the stock prices and market conditions continue to evolve, and investors should stay updated with the latest developments.

References:
[1] https://seekingalpha.com/news/4485703-icahn-exits-dana-ilumina-adds-to-cvr-energy-among-moves-in-q2