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

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In this article, we will list the top 5 picks in the Carl C. Icahn stock portfolio. Please visit Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn if you would like to see the extended list and the methodology behind it.

5. EchoStar Corporation (NASDAQ:SATS)

Icahn Capital LP’s Stake: $365 Million

EchoStar Corporation (NASDAQ:SATS) is a relatively new addition to the 13F portfolio of Icahn Capital. The fund first disclosed a stake in the company in the third quarter of 2025. This position comprised 4.35 million shares. Filings for the fourth quarter of 2025 show that the fund owned 3.35 million shares in the firm, down over 22% compared to filings for the previous quarter. EchoStar provides pay-tv services in the United States, Mexico, Canada, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East. The Pay-TV segment offers a direct broadcast and fixed satellite, owned and leased satellites, leased fiber optic networks, in-home services, and call center operation services.

Hedge fund interest in EchoStar Corporation (NASDAQ:SATS) has grown following a massive spectrum sale to SpaceX in 2025 where the firm received over $11 billion in SpaceX equity. With reports that SpaceX is preparing for a mid-2026 IPO at a valuation approaching $800 billion to $1.7 trillion, hedge funds are buying EchoStar as one of the only liquid ways to gain pre-IPO exposure to the space company. In March, EchoStar entered into an RSA with holders of 82% of its outstanding debt, effectively resolving long-standing litigation and pushing out near-term maturities. Between the $20 billion in combined deals with AT&T and SpaceX, the company has secured the cash needed to retire its immediate refinancing wall of $4.75 billion due in 2026.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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