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

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6. Centuri Holdings, Inc. (NYSE:CTRI)

Icahn Capital LP’s Stake: $362 Million

Centuri Holdings, Inc. (NYSE:CTRI) is a relatively new addition to the 13F portfolio of Icahn Capital. The fund first disclosed a stake in the company back in the second quarter of 2024. This position comprised just under 2.6 million shares. Filings for the fourth quarter of 2025 show that the fund owns 14.3 million shares in the company, up 32% compared to filings for the previous quarter. Centuri operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, replacement, repair, and installation for local natural gas distribution utilities focused on the modernization of infrastructure.

Centuri Holdings, Inc. (NYSE:CTRI) is turning heads on Wall Street due to a massive backlog and a leading role in the transitioning energy landscape. Earlier this month, the company reported a record $6.5 billion backlog, marking a 44% year-over-year increase. There is increased optimism around the internal transformation plan of the firm, dubbed Vision One Centuri, which aims to transition the company from high-volume work to high-margin work. Despite a net loss in Q1, the company achieved a 76% year-over-year increase in gross profit. Management has introduced ambitious 2029 targets, including a Base Revenue CAGR of 10% to 15% and a Base Gross Profit Margin of 8.7% to 9.7%.

While we acknowledge the potential of CTRI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CTRI and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see Growth Stock Portfolio: 5 Stock Picks by Carl C. Icahn.

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