SCHEDULE: Icahn Enterprises Boosts Centuri Holdings Stake

Icahn Enterprises L.P. and Carl C. Icahn have reported a 9.0% beneficial ownership stake in Centuri Holdings, Inc., holding 7,977,377 shares.

Summary

• Icahn Enterprises L.P. and Carl C. Icahn are the reporting persons for this beneficial ownership statement.
• They collectively beneficially own 7,977,377 shares of Centuri Holdings, Inc. common stock.
• This ownership represents approximately 9.0% of Centuri Holdings, Inc.'s outstanding shares.
• The percentage is calculated based on 88,649,154 shares outstanding as of July 31, 2025, as reported by Centuri Holdings, Inc. in its Quarterly Report on Form 10-Q.
• The reporting persons hold these shares with sole voting power and sole dispositive power.
• The securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of Centuri Holdings, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information on financial performance, strategic changes, or operational updates that would significantly alter sentiment. The presence of a notable investor like Carl Icahn could be seen as a minor positive, but the filing itself is neutral in tone and content regarding the issuer's prospects.

Positives

• A prominent investor, Carl C. Icahn, through Icahn Enterprises L.P., holds a significant 9.0% stake in Centuri Holdings, Inc., which may be viewed as a signal of confidence in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the significant stake held by Icahn Enterprises L.P. and Carl C. Icahn as a positive signal, potentially indicating confidence in Centuri Holdings, Inc. or the possibility of future shareholder activism, despite the filing's disclaimer.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a significant beneficial ownership stake by Icahn Enterprises L.P. and Carl C. Icahn in Centuri Holdings, Inc. While the acquisition is stated not to be for the purpose of changing or influencing control, the presence of a prominent investor like Carl Icahn holding a 9.0% stake could be interpreted as a vote of confidence or a potential catalyst for future engagement. However, without additional financial performance data or strategic updates from Centuri Holdings, Inc., the filing alone does not provide sufficient information to warrant a 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate, suggesting investors monitor future developments.

Keywords

Centuri Holdings, Icahn Enterprises, Carl C. Icahn, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Stake