SCHEDULE 13G: Icahn Enterprises and Carl Icahn Disclose 6.03% Passive Stake in Centuri Holdings, Inc.

Icahn Enterprises L.P. and Carl C. Icahn have disclosed a passive 6.03% beneficial ownership stake in Centuri Holdings, Inc. through a Schedule 13G filing.

Summary

• Icahn Enterprises L.P. and Carl C. Icahn (collectively, the "Reporting Persons") have filed a Schedule 13G, indicating beneficial ownership in Centuri Holdings, Inc.
• The Reporting Persons collectively own 5,343,637 shares of Centuri Holdings, Inc. Common Stock.
• This ownership represents approximately 6.03% of the Issuer's outstanding shares.
• The percentage is based on 88,649,044 shares outstanding as of May 22, 2025, as disclosed by Centuri Holdings, Inc. in its prospectus supplement dated May 20, 2025.
• The shares are held for investment purposes and not with the intent to change or influence the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 6

Explanation: The document is a factual disclosure of a significant passive ownership stake. While neutral in its direct content, the involvement of a well-known investor like Carl Icahn can be perceived as mildly positive by the market, indicating potential value.

Positives

• A significant stake (6.03%) in Centuri Holdings, Inc. has been taken by a prominent investor group, Icahn Enterprises L.P. and Carl C. Icahn, which may be viewed positively by some investors as a vote of confidence.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, which mitigates the risk of immediate activist pressure, but does not preclude future changes in intent or nominations under specific rules.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

The filing indicates a significant investment by a prominent investor group in Centuri Holdings, Inc., a company operating in the utility infrastructure services sector. While the filing itself does not provide broader industry trends, it highlights the interest of major investors in companies within this space.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by a notable investor group may influence market perception and potentially the share price of Centuri Holdings, Inc.

Key Dates

Keywords

Centuri Holdings, Icahn Enterprises, Carl C. Icahn, Schedule 13G, beneficial ownership, common stock, passive investment, equity stake, SEC filing