Growth Stock Portfolio: 5 Stock Picks by Carl C. Icahn

Page 5 of 5

1. Icahn Enterprises L.P. (NASDAQ:IEP)

Icahn Capital LP’s Stake: $4.1 Billion

Icahn Enterprises L.P. (NASDAQ:IEP) is a long-term holding in the 13F portfolio of Icahn Capital. The fund first disclosed a stake in the company in the second quarter of 2011. This comprised 81 million shares. Filings for the fourth quarter of 2025 show that the fund owns 549 million shares in the company, up 5% compared to filings for the previous quarter. IEP engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The investment segment invests capital through various private investment funds, and it provides investment advisory, administrative, and back-office services to the investment funds.

Despite share price volatility, Icahn Enterprises L.P. (NASDAQ:IEP) has maintained an aggressive capital return policy, which appeals to yield-seeking institutional investors. Earlier this month, the Board declared another $0.50 per unit distribution. Institutional investors are looking past the headline GAAP losses to find hidden future profits. Excluding refining hedges, the investment segment alone saw positive performance of $110 million in early 2026, signaling that the core investment strategy remains effective despite broader market turbulence. Longtime finance executive Ted Papapostolou was recently promoted to CEO. Funds view this as a move toward greater operational stability.

While we acknowledge the potential of IEP 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 IEP and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Small-Cap Value Stocks to Buy According to Bares Capital and Billionaire Tom Steyer’s 10 Stock Picks with Huge Upside Potential.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5