CIK 921669
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Oil, Gas & Consumable Fuels | 77.45% | 3 |
| Chemicals | 9.79% | 2 |
| Utilities | 6.74% | 2 |
| Diversified Telecommunication Services | 1.92% | 1 |
| Airlines | 1.74% | 1 |
| Commercial Services & Supplies | 0.95% | 1 |
| Hotels, Restaurants & Leisure | 0.75% | 1 |
| Health Care Equipment & Supplies | 0.65% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IEP | ICAHN ENTERPRISES L.P. | Energy | 48.49% |
| 2 | CVI | CVR ENERGY INC | Energy | 28.01% |
| 3 | UAN | CVR PARTNERS, LP | Materials | 6.17% |
| 4 | CTRI | Centuri Holdings, Inc. | Utilities | 4.90% |
| 5 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Materials | 3.63% |
| 6 | ECHO | EchoStar CORP | Communication Services | 1.92% |
| 7 | AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | 1.85% |
| 8 | JBLU | JETBLUE AIRWAYS CORP | Industrials | 1.74% |
| 9 | MNRO | MONRO, INC. | Industrials | 0.95% |
| 10 | SD | SANDRIDGE ENERGY INC | Energy | 0.94% |
12/12 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 46% of book weight classified — the grid is NOT representative of the whole book.
Classified: 46.4% of book weight (7/12 names) · unclassified 53.6%: IEP, ECHO, JBLU, CZR, BLCO. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | IEPICAHN ENTERPRISES LP | 549,400,539 | $4.1B | 48.5% | HOLD |
| 2 | CVICVR ENERGY INC | 71,201,875 | $2.4B | 28.0% | HOLD |
| 3 | UANCVR PARTNERS LP | 4,164,274 | $527M | 6.2% | HOLD |
| 4 | CTRICENTURI HOLDINGS INC | 14,336,044 | $419M | 4.9% | HOLD |
| 5 | IFFINTERNATIONAL FLAVORS&FRAGRA | 4,275,000 | $310M | 3.6% | HOLD |
| 6 | ECHOECHOSTAR CORP | 1,404,542 | $164M | 1.9% | TRIM −58% |
| 7 | AEPAMERICAN ELEC PWR CO INC | 1,205,300 | $158M | 1.8% | HOLD |
| 8 | JBLUJETBLUE AWYS CORP | 33,621,735 | $149M | 1.7% | HOLD |
| 9 | MNROMONRO INC | 5,078,573 | $81M | 1.0% | HOLD |
| 10 | SDSANDRIDGE ENERGY INC | 4,947,701 | $81M | 0.9% | HOLD |
| 11 | CZRCAESARS ENTERTAINMENT INC NE | 2,440,109 | $64M | 0.8% | HOLD |
| 12 | BLCOBAUSCH PLUS LOMB CORP | 3,500,000 | $56M | 0.7% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IEPICAHN ENTERPRISES LP | 450.8M | 450.8M | 494.8M | 518.9M | 549.4M | 549.4M | $4.1B |
| CVICVR ENERGY INC | 66.7M | 68.5M | 70.4M | 70.4M | 70.4M | 71.2M | $2.4B |
| UANCVR PARTNERS LP | 4.1M | 4.1M | 4.2M | 4.2M | 4.2M | 4.2M | $527M |
| CTRICENTURI HOLDINGS INC | 2.5M | 2.5M | 6.4M | 10.8M | 14.3M | 14.3M | $419M |
| IFFINTERNATIONAL FLAVORS&FRAGRA | 3.8M | 3.8M | 3.8M | 4.8M | 4.3M | 4.3M | $310M |
| ECHOECHOSTAR CORP | — | — | — | 4.4M | 3.4M | 1.4M | $164M |
| AEPAMERICAN ELEC PWR CO INC | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | $158M |
| JBLUJETBLUE AWYS CORP | 17.7M | 33.6M | 33.6M | 33.6M | 33.6M | 33.6M | $149M |
| MNROMONRO INC | — | — | — | 1.5M | 5.1M | 5.1M | $81M |
| SDSANDRIDGE ENERGY INC | 4.8M | 4.8M | 4.8M | 4.9M | 4.9M | 4.9M | $81M |
| CZRCAESARS ENTERTAINMENT INC NE | 2.4M | 2.4M | 2.4M | 2.4M | 2.4M | 2.4M | $64M |
| BLCOBAUSCH PLUS LOMB CORP | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | $56M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
