SCHEDULE: Icahn Enterprises: Carl Icahn's Stake Rises to 87.11%
Beneficial Ownership Update
Carl C. Icahn and affiliated entities increased their beneficial ownership in Icahn Enterprises L.P. to 87.11% through a quarterly dividend reinvestment.
Summary
- Carl C. Icahn and his affiliated entities collectively beneficially own 549,400,539 Depositary Units of Icahn Enterprises L.P., representing approximately 87.11% of the outstanding units.
- This ownership percentage is calculated based on 600,208,517 units outstanding as of November 4, 2025, plus an additional 30,467,595 units issued to the reporting persons on December 24, 2025, as part of a regular quarterly distribution.
- The total number of Depositary Units issued to the Reporting Persons in connection with the quarterly dividend on December 24, 2025, was 30,467,595 units.
- Specific entities received units as part of the dividend: CCI Onshore LLC received 6,509,611 units, Gascon Partners received 4,188,072 units, High Coast Limited Partnership received 15,267,131 units, Highcrest Investors LLC received 3,365,460 units, and Thornwood Associates Limited Partnership received 1,137,321 units.
- No other transactions in the Issuer's securities were effected by the Reporting Persons during the past sixty days, apart from this quarterly dividend acquisition.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual update on beneficial ownership and a routine dividend reinvestment, not a performance or strategic announcement.
Positives
- Increased beneficial ownership by Carl C. Icahn and affiliated entities, reinforcing their control and long-term commitment to Icahn Enterprises L.P.
Negatives
- No specific negative points are identified in this ownership update filing.
Risks
- No specific risks are mentioned in this Schedule 13D/A filing, which primarily details beneficial ownership changes.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is an update on the beneficial ownership of Icahn Enterprises L.P. by its controlling shareholder, Carl C. Icahn, and his affiliated entities. It reflects a routine increase in their stake through dividend reinvestment, which is common for controlling shareholders seeking to maintain or slightly increase their proportional ownership without open market purchases.
Related Party Transactions
- The acquisition of 30,467,595 Depositary Units by the Reporting Persons on December 24, 2025, was in connection with a regular quarterly distribution of Depositary Units by the Issuer, which can be considered a related party transaction given the significant ownership.
Stakeholder Impact
- Shareholders: The increased beneficial ownership by Carl C. Icahn and his affiliates further solidifies their control over Icahn Enterprises L.P., potentially impacting minority shareholder influence.
Key Dates
| Date | Description |
|---|---|
| 1990-09-24 | Initial Schedule 13D filing date. |
| 2025-11-04 | Date as of which 600,208,517 Depositary Units were stated to be outstanding in the Issuer's Form 10-Q. |
| 2025-12-24 | Date of event requiring filing of this statement; acquisition of Depositary Units in connection with a regular quarterly distribution. |
| 2025-12-29 | Date of signing for this Amendment No. 83 to the Initial 13D. |
Keywords
Icahn Enterprises L.P., Carl C. Icahn, Beneficial Ownership, Schedule 13D, Depositary Units, Dividend Reinvestment, Shareholder Control, SEC Filing
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