Icahn 13-F: Raises stake in CVI, Cuts SATS, Exits SWX

Newsquawk Staff · 15 May 2026, 20:50 UTC

New: None
Raises: CVR Energy (CVI), SandRidge Energy (SD).
Cuts: EchoStar (SATS)
Exits: Southwest Gas (SWX)
Top: Icahn Enterprises (IEP), CVR Energy (CVI), CVR Partners (UAN), Centuri Holdings (CTRI), International Flavors (IFF)

What it means

Carl Icahn has raised his stake in CVR Energy while cutting his investment in EchoStar and exiting Southwest Gas, signaling strategic reshuffling within his portfolio. This move could indicate Icahn's bullish outlook on CVR and SandRidge Energy, suggesting a potential shift toward sectors he views as more promising. Traders should watch for market reactions in these stocks, which may reflect broader sentiment changes in the energy and utility sectors.

What our latest note said

US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

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Energy headlines from our feed, and what the market did next.

Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%
Mediation efforts said that "Qatar and Pakistan presented a 'compromise proposal' that meets the demands of both the American and Iranian sides", Al Araby Al Jadeed reports citing sources.
WTI crude−4.6%
"A breakthrough is expected to be announced this week to halt the escalation between Washington and Tehran", Al Araby Al Jadeed reports citing a source.
WTI crude−1.1%

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