ICAHN CARL C

Based on the SEC 13F filing data provided for Icahn Carl C as of September 30, 2025, here is a comprehensive institutional investment analysis.

1. Portfolio Overview

The filing reveals a period of drastic consolidation and deleveraging for the portfolio. The total asset under management (AUM) plummeted by approximately 65.9%, declining from $7.89 billion in the previous quarter to $2.69 billion. This reduction was driven not by market performance alone, but by significant capita...