Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn

10. Monro, Inc. (NASDAQ:MNRO)

Icahn Capital LP’s Stake: $102 Million

Monro, Inc. (NASDAQ:MNRO) is a relatively new addition to the 13F portfolio of Icahn Capital. The fund first disclosed a stake in the company back in the third quarter of 2025. This position comprised just under 1.5 million shares. Filings for the fourth quarter of 2025 show that the fund owned more than 5 million shares in the company, up 247% compared to the previous quarter. Monro engages in the operation of retail tire and automotive repair stores in the United States. It offers replacement tires and tire related services like automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. It also provides other products and services for brakes, mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignment.

Monro, Inc. (NASDAQ:MNRO) has been pruning underperforming assets and hedge funds are bullish on this trend. In early fiscal 2026, the company closed 145 underperforming stores, roughly 11% of its footprint. While total sales dipped due to these closures, it reported a 2.6% increase in comparable store sales for the first nine months of the year. Investors believe this store optimization will concentrate traffic into more profitable locations, reducing the drag on the bottom line. In Q3 2026, the firm reported a 60 basis point expansion in gross margin year-over-year. This was driven by lower occupancy costs and a significant $28 million reduction in inventory, a 16% decrease since the start of the year.