ICAHN CARL C Long-Term Concentrated

CIK: 0000921669 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $8,445,168 (100.0% shares, 0.0% debt)

Holdings (13)

Increased Positions (3)

IEP Icahn Enterprises LP 49.1%

Value ($000) $4,147,974 (-5.1%) Shares 549,400,539 (+5.9%) Est. Cost $36.56 Unrealized —

CTRI Centuri Holdings, Inc. 4.3%

Value ($000) $361,985 (+57.6%) Shares 14,336,044 (+32.2%) Est. Cost $21.39 Unrealized +4.5%

MNRO Monro, Inc. 1.2%

Value ($000) $101,775 (+286.6%) Shares 5,078,573 (+246.7%) Est. Cost $17.83 Unrealized +3.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IEP	Icahn Enterprises LP	549,400,539 (+5.9%)	$4,147,974 (-5.1%)	49.1%	$36.56	—	DEPOSITARY UNIT	451100101
CTRI	Centuri Holdings, Inc.	14,336,044 (+32.2%)	$361,985 (+57.6%)	4.3%	$21.39	+4.5%	COM SHS	155923105
MNRO	Monro, Inc.	5,078,573 (+246.7%)	$101,775 (+286.6%)	1.2%	$17.83	+3.2%	COM	610236101

Decreased Positions (2)

SATS EchoStar Corporation 4.3%

Value ($000) $364,639 (+9.7%) Shares 3,354,542 (-23.0%) Est. Cost $45.28 Unrealized +79.8%

IFF International Flavors and Fragrances Inc. 3.4%

Value ($000) $288,092 (-1.4%) Shares 4,275,000 (-10.0%) Est. Cost $80.85 Unrealized -20.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	EchoStar Corporation	3,354,542 (-23.0%)	$364,639 (+9.7%)	4.3%	$45.28	+79.8%	CL A	278768106
IFF	International Flavors and Fragrances Inc.	4,275,000 (-10.0%)	$288,092 (-1.4%)	3.4%	$80.85	-20.3%	COM	459506101

Unchanged Positions (8)

CVI CVR Energy Inc 21.2%

Value ($000) $1,791,446 Shares 70,418,471 Est. Cost $18.49 Unrealized +84.1%

UAN CVR Partners, LP 5.1%

Value ($000) $426,838 Shares 4,164,274 Est. Cost $78.64 Unrealized —

SD SandRidge Energy, Inc. 0.8%

Value ($000) $70,874 Shares 4,911,564 Est. Cost $18.55 Unrealized -28.7%

JBLU JetBlue Airways Corp. 1.8%

Value ($000) $152,979 Shares 33,621,735 Est. Cost $6.38 Unrealized -28.5%

SWX Southwest Gas Holdings Inc. 5.7%

Value ($000) $482,729 Shares 6,032,604 Est. Cost $72.34 Unrealized +10.7%

CZR Caesars Entertainment, Inc. 0.7%

Value ($000) $57,074 Shares 2,440,109 Est. Cost $37.57 Unrealized -40.2%

BLCO Bausch Plus Lomb Corp. 0.7%

Value ($000) $59,780 Shares 3,500,000 Est. Cost $16.20 Unrealized -2.1%

AEP American Electric Power Company 1.6%

Value ($000) $138,983 Shares 1,205,300 Est. Cost $71.72 Unrealized +64.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVI	CVR Energy Inc	70,418,471	$1,791,446	21.2%	$18.49	+84.1%	COM	12662P108
UAN	CVR Partners, LP	4,164,274	$426,838	5.1%	$78.64	—	COM	126633205
SD	SandRidge Energy, Inc.	4,911,564	$70,874	0.8%	$18.55	-28.7%	COM NEW	80007P869
JBLU	JetBlue Airways Corp.	33,621,735	$152,979	1.8%	$6.38	-28.5%	COM	477143101
SWX	Southwest Gas Holdings Inc.	6,032,604	$482,729	5.7%	$72.34	+10.7%	COM	844895102
CZR	Caesars Entertainment, Inc.	2,440,109	$57,074	0.7%	$37.57	-40.2%	COM	12769G100
BLCO	Bausch Plus Lomb Corp.	3,500,000	$59,780	0.7%	$16.20	-2.1%	COMMON SHARES	071705107
AEP	American Electric Power Company	1,205,300	$138,983	1.6%	$71.72	+64.1%	COM	025537101