ICAHN ENTERPRISES LP IEP
DEPOSITARY UNIT · MLP · CUSIP 451100101
- SectorEnergy
- IndustryPetroleum Refining
- HeadquartersSunny Isles Beach, FL
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $8.05. Options: 8 managers hold calls ($13.4m notional), 9 hold puts ($25.4m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 165 |
| Q1 2023 | 172 |
| Q2 2023 | 146 |
| Q3 2023 | 137 |
| Q4 2023 | 138 |
| Q1 2024 | 125 |
| Q2 2024 | 132 |
| Q3 2024 | 125 |
| Q4 2024 | 122 |
| Q1 2025 | 112 |
| Q2 2025 | 119 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 74 | 65 |
| Q4 2023 | 67 | 71 |
| Q1 2024 | 50 | 63 |
| Q2 2024 | 82 | 40 |
| Q3 2024 | 73 | 52 |
| Q4 2024 | 51 | 67 |
| Q1 2025 | 44 | 52 |
| Q2 2025 | 63 | 40 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $31.1m | $33.8m | 1.09 |
| Q4 2024 | $13.6m | $15.2m | 1.12 |
| Q1 2025 | $14.8m | $9.9m | 0.67 |
| Q2 2025 | $13.4m | $25.4m | 1.89 |
Biggest buyers
| ICAHN CARL C | Added | +44.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +384.0k |
| CITADEL ADVISORS LLC | New | +280.4k |
| MORGAN STANLEY | Added | +217.0k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | New | +171.6k |
| JANE STREET GROUP, LLC | New | +169.0k |
| FIRST TRUST ADVISORS LP | Added | +160.2k |
| GROUP ONE TRADING LLC | Added | +89.3k |
| SIMPLEX TRADING, LLC | New | +61.8k |
| BANK OF AMERICA CORP /DE/ | Added | +32.0k |
Biggest sellers
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -53.5k |
| BNP PARIBAS FINANCIAL MARKETS | Sold out | -51.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -45.1k |
| Western Wealth Management, LLC | Sold out | -43.0k |
| Janney Montgomery Scott LLC | Reduced | -41.6k |
| Virtu Financial LLC | Reduced | -34.5k |
| GSA CAPITAL PARTNERS LLP | Reduced | -28.3k |
| LITTLEJOHN FINANCIAL SERVICES, INC. | Sold out | -24.0k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -19.1k |
| M&T Bank Corp | Sold out | -17.8k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $5.5m685.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0m617.5k shares |
| CITADEL ADVISORS LLC | Added | $1.0m129.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $940.0k116.9k shares |
| JANE STREET GROUP, LLC | Reduced | $524.5k65.2k shares |
| WOLVERINE TRADING, LLC | Added | $427.5k52.2k shares |
| Ancora Advisors LLC | Unchanged | $1.8k101 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.3m2.0m shares |
| GROUP ONE TRADING LLC | Added | $4.4m553.0k shares |
| JANE STREET GROUP, LLC | Added | $1.9m231.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m147.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $656.0k81.6k shares |
| WOLVERINE TRADING, LLC | Added | $531.5k64.9k shares |
| IMC-Chicago, LLC | New | $246.2k30.6k shares |
| Squarepoint Ops LLC | Unchanged | $181.0k22.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| ICAHN CARL C 13D · may seek influence +0.4 pts · filed 2026-09-25 | 87.7% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| ICAHN CARL C 50.47% of their portfolio | 494.8m $4.0bn | Added +44.0m |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $8.1m | Added +217.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 884.5k $7.1m | Added +160.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 464.8k $3.7m | Added +384.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 421.7k $3.4m | Reduced -45.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 280.4k $2.3m | New |
| Limestone Investment Advisors LP 0.11% of their portfolio | 250.0k $247.7k | First filing |
| GROUP ONE TRADING LLC 0.05% of their portfolio | 207.5k $1.7m | Added +89.3k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 171.6k $1.6m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 169.0k $1.4m | New |
| LPL Financial LLC 0.00% of their portfolio | 139.5k $1.1m | Reduced -10.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 131.2k $1.1m | Reduced -8.0k |
| UBS Group AG 0.00% of their portfolio | 108.7k $874.7k | Reduced -4.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 107.9k $867.8k | Reduced -19.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 91.6k $736.9k | Added +25.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 85.2k $685.6k | Added +32.0k |
| Fort Point Capital Partners LLC 0.06% of their portfolio | 80.1k $644.4k | Unchanged |
| AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio | 67.0k $538.7k | Added +15.4k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 61.8k $497.0k | New |
| Bramshill Investments, LLC 0.04% of their portfolio | 52.0k $418.2k | Reduced -268 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 50.1k $402.0k | Added +23.6k |
| Moors & Cabot, Inc. 0.02% of their portfolio | 50.0k $402.2k | Added +512 |
| MGO ONE SEVEN LLC 0.01% of their portfolio | 47.2k $379.7k | Added +2.1k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 40.8k $328.0k | Added +6.7k |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 40.2k $329.3k | Added +13.4k |
| Counterpoint Mutual Funds LLC 0.03% of their portfolio | 36.6k $294.3k | Reduced -173 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 35.2k $283.4k | Reduced -4.8k |
| Key Client Fiduciary Advisors, LLC 0.11% of their portfolio | 34.3k $276.2k | Added +2.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 34.1k $274.0k | Reduced -53.5k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 30.7k $246.8k | Added +2.4k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 30.0k $241.2k | Unchanged |
| United Advisor Group, LLC 0.04% of their portfolio | 29.8k $240.1k | Added +1.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 29.3k $236.0k | Reduced -179 |
| SG Americas Securities, LLC 0.00% of their portfolio | 28.3k $228.0k | Added +2.1k |
| Stablepoint Partners, LLC 0.04% of their portfolio | 27.4k $220.1k | Added +1.6k |
| Advisory Services Network, LLC 0.00% of their portfolio | 26.9k $245.8k | Reduced -3.0k |
| Jump Financial, LLC 0.00% of their portfolio | 26.8k $215.8k | New |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 24.4k $196.0k | Reduced -28.3k |
| Meridian Wealth Management, LLC 0.01% of their portfolio | 23.9k $192.2k | Added +2.7k |
| BARCLAYS PLC 0.00% of their portfolio | 23.8k $191.8k | Reduced -13.8k |
| Corient Private Wealth LP 0.00% of their portfolio | 23.3k $187.3k | Reduced -327 |
| Corps Capital Advisors, LLC 0.30% of their portfolio | 22.9k $183.9k | Unchanged |
| Brookstone Capital Management 0.00% of their portfolio | 20.5k $164.7k | Reduced -200 |
| Arista Wealth Management, LLC 0.02% of their portfolio | 20.0k $160.9k | New |
| PSI Advisors, LLC 0.08% of their portfolio | 20.0k $160.7k | Reduced -1.9k |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 19.7k $158.7k | Added +1.3k |
| Virtu Financial LLC 0.01% of their portfolio | 19.6k $158.0k | Reduced -34.5k |
| Paragon Capital Management Ltd 0.03% of their portfolio | 19.4k $156.2k | Added +2.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 19.3k $155.2k | Added +983 |
| Triumph Capital Management 0.05% of their portfolio | 19.1k $153.3k | Reduced -4.3k |
| CITIGROUP INC 0.00% of their portfolio | 19.0k $152.9k | Added +15.3k |
| Mariner, LLC 0.00% of their portfolio | 18.5k $149.0k | Added +3.6k |
| HighPoint Advisor Group LLC 0.01% of their portfolio | 18.5k $148.6k | Added +8 |
| Arrow Investment Advisors, LLC 0.14% of their portfolio | 17.8k $143.3k | Added +2.7k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 16.7k $134.7k | New |
| INSIGNEO ADVISORY SERVICES, LLC 0.01% of their portfolio | 14.7k $118.4k | Reduced -25 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 14.6k $117.0k | Added +1.1k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 14.5k $116.6k | New |
| Merit Financial Group, LLC 0.00% of their portfolio | 11.6k $93.7k | Added +322 |
| EagleClaw Capital Managment, LLC 0.01% of their portfolio | 11.6k $93.0k | New |
| Beacon Harbor Wealth Advisors, Inc. 0.02% of their portfolio | 11.3k $91.3k | Unchanged |
| CAZ INVESTMENTS LP 0.51% of their portfolio | 11.3k $90.5k | Added +1.3k |
| KPP Advisory Services LLC 0.01% of their portfolio | 11.2k $90.3k | Added +878 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.1k $89.0k | Reduced -41.6k |
| SUMMIT SECURITIES GROUP LLC 0.03% of their portfolio | 11.0k $88.5k | Added +700 |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.8k $86.7k | New |
| Claro Advisors Inc. 0.01% of their portfolio | 10.5k $84.7k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 10.1k $86.3k | Reduced -1.6k |
| Global Retirement Partners, LLC 0.00% of their portfolio | 8.0k $64.1k | First filing |
| Spire Wealth Management 0.00% of their portfolio | 5.5k $44.2k | Reduced -3 |
| Anfield Capital Management, LLC 0.01% of their portfolio | 5.3k $42.7k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 5.3k $42.4k | Added +4.2k |
| MPWM ADVISORY SOLUTIONS, LLC 0.02% of their portfolio | 4.3k $34.4k | Added +30 |
| Aventura Private Wealth, LLC 0.01% of their portfolio | 2.6k $20.9k | Added +92 |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 2.0k $16.0k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.8k $14.1k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1.6k $13.2k | Added +45 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.6k $13.2k | Added +774 |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 1.4k $11.2k | Reduced -789 |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 1.3k $10.8k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 1.1k $9.1k | Added +125 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.1k $8.6k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 1.0k $8.4k | Added +721 |
| FMR LLC 0.00% of their portfolio | 824 $6.6k | New |
| Bangor Savings Bank 0.00% of their portfolio | 600 $4.8k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 476 $3.8k | Reduced -1.5k |
| Harbor Asset Planning, Inc. 0.00% of their portfolio | 458 $3.7k | First filing |
| Cedar Wealth Management, LLC 0.00% of their portfolio | 420 $3.4k | Unchanged |
| TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio | 342 $2.8k | New |
| Bogart Wealth, LLC 0.00% of their portfolio | 268 $2.2k | Added +30 |
| Indiana Trust & Investment Management Co 0.00% of their portfolio | 257 $2.1k | Added +15 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 244 $2.0k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 221 $1.8k | Unchanged |
| NBT BANK, N.A. 0.00% of their portfolio | 200 $1.6k | Unchanged |
| NVWM, LLC 0.00% of their portfolio | 159 $1.3k | Added +37 |
| Transce3nd, LLC 0.00% of their portfolio | 150 $1.2k | Unchanged |
| LRI Investments, LLC 0.00% of their portfolio | 136 $1.1k | Added +14 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 105 $845 | Reduced -2.0k |
| CoreCap Advisors, LLC 0.00% of their portfolio | 103 $834 | Added +11 |
| Colonial Trust Advisors 0.00% of their portfolio | 100 $805 | Unchanged |