Carl Icahn portfolio 2025 shows a doubling down on core activist bets. $IEP remains the bedrock at 49.1%, while energy plays like $CVI (21.2%) and $UAN (5.1%) signal a high-conviction stance on cyclicals. Notable trims in $SATS and $IFF suggest a tactical pivot toward yield and infrastructure ($SWX, $CTRI). Classic "contrarian" muscle. https://www.13radar.com/guru/carl-icahn #Investing #13F