SD - Tracking Carl Icahn's Portfolio - Q4 2018 Update

This article is part of a series that provides an ongoing analysis of the changes made to Carl Icahn’s 13F portfolio on a quarterly basis. It is based on Icahn’s regulatory 13F Form filed on 02/14/2019. Please visit our Tracking Carl Icahn’s Portfolio series to get an idea of his investment philosophy and our previous update for the fund’s moves during Q3 2018.

This quarter, Icahn’s 13F portfolio value decreased ~19% from $25.22B to $20.43B. The number of holdings decreased from 20 to 18. The portfolio is very concentrated with the largest five positions accounting