Carl Icahn's Q3 Portfolio Update: Exits Bausch Health, Loads Up on EchoStar

Activist hedge fund billionaire Carl Icahn's Q3 13F filing shows a $9.14 billion book with a concentrated, contrarian portfolio. Notable moves include exiting Bausch Health entirely, trimming exposure to Southwest Gas Holdings, and adding 4.35 million shares of EchoStar Corp, making it one of his top five positions. Icahn Enterprises LP remains his crown jewel, accounting for nearly 48% of total assets. The reshuffle signals a rare surrender and doubling down on the empire he built.