The Motley FoolT3·5mo ago
IEP Icahn Enterprises L.P
XNAS
6.15
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IEP
$6.15
—
Key stats
$6.15
- 52-Week Range
- $6.11 – $9.32
- YTD
- -17.78%
- IV Rank (30D)
- 35.17
- Straddle Price
- $0.73
- P/C Vol Ratio
- 0.01
- Market Cap
- $4.6B
- Open
- $6.41
- Day Range
- $6.11 – $6.41
- Volume
- 2,050,105
- Prev Close
- $6.41
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.74 |
| Cost of Equity (CAPM) | 8.86% (VRP-adj) |
| WACC | 6.66% |
| Volatility Risk Premium | +157.2pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | -51.0% |
| Book / Price | 57.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 9.4% |
| FCF Margin (TTM) | -2.4% |
| Debt / Equity | 2.98 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $6.83 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $6.66 |
| Bollinger Width / SMA20 | 162.7% (drives anchor stability) |
| Net Debt | $5.2B |
| Market Cap | $4B |
Peers used for multiples: AAPL, BSM, DMLP, HESM, KRP
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$24.24
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $54.39 | 0% | |
| Peer P/E | n/a | 0% | median 17.8× · 5 peers |
| Peer EV/EBITDA | $1.64 | 10% | median 8.0× · 5 peers |
| Peer P/B | $17.15 | 13% | median 4.9× · 5 peers |
| Peer P/S | $131.11 | 13% | median 7.0× · 5 peers |
| Market Anchor (SMA50) | $6.83 | 44% | stability 63% (BB-width) |
| Options Expected (B-L 30d) | $5.88 | 19% | 11 strikes · skew -0.33 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- PETROLEUM REFINING (2911) · industry map
- Exchange
- XNAS
- Market Cap
- $4.6B
- Employees
- 13,547
- List Date
- 1987-07-24
- CIK
- 0000813762
- Next Earnings
- 2026-11-04 (Pre-Market)
- Headquarters
- Sunny Isles Beach, FL
- Homepage
- https://www.ielp.com
Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 7.30% | 4.24% | 4.11% | 3.40% | 8.46% | 4.01% | 5.25% |
| Feb | 11.78% | 0.09% | 0.60% | 7.64% | 2.44% | 4.13% | 4.45% |
| Mar | -12.39% | -4.10% | -3.83% | -14.82% | -9.40% | -6.91% | -8.58% |
| Apr | 5.29% | -0.68% | -3.37% | 3.95% | -4.63% | 8.25% | 1.47% |
| May | -2.07% | -2.93% | -55.24% | -5.11% | -5.79% | -10.90% | -13.67% |
| Jun | -1.36% | -5.92% | 33.10% | 0.55% | -4.79% | -3.48% | 3.02% |
| Jul | 3.66% | 10.56% | 19.59% | 8.22% | 9.87% | 7.82% | 9.95% |
| Aug | -4.90% | -4.30% | -40.47% | -24.26% | -5.68% | -12.37% | -15.33% |
| Sep | -8.01% | -2.28% | -2.18% | 3.44% | -0.24% | -0.88% | -1.69% |
| Oct | 12.46% | 8.19% | -15.30% | -5.85% | -4.05% | -9.16%* | -2.29% |
| Nov | -12.18% | -5.34% | 3.12% | -11.50% | 0.74% | -- | -5.03% |
| Dec | -0.64% | -0.35% | 0.76% | -22.03% | -6.56% | -- | -5.76% |
| Total | -4.89% | -4.24% | -64.46% | -48.21% | -19.60% | -20.15% | -26.93% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $6.66
SMA 50: $6.83
SMA 200: $7.50
Current: $6.15
EMA 12: $6.54
EMA 26: $6.69
MACD: -0.1444 | Signal: -0.0352
BEARISH
ADX (14): 22.65
WEAK TREND
+DI: 11.35
−DI: 38.19
Momentum Oscillators
RSI (14): 23.07
OVERSOLD
Stoch %K: 5.20
Stoch %D: 11.71
Williams %R: -94.59
Volume & Volatility
BB Upper: $7.02
BB Lower: $6.30
OVERSOLD
OBV: -54,388,592
Vol SMA 20: 978,697
Vol ROC: 144.93%
ATR: $0.14
True Range: $0.30
HV 20: 20.6%
HV 30: 21.3%
HV 60: 25.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence level: 6/10)
Key drivers:
- Strong fundamental performance, with a beta of 0.47 indicating low volatility
- Neutral news sentiment from recent headlines
- Bullish technical signals from momentum oscillators and Bollinger Bands
Primary risks:
- Low trading volume could lead to increased price swings
- Negative earnings surprise could impact stock price
Investment thesis: IEP's fundamental strength, combined with neutral news sentiment and bullish technical signals, make it an attractive long-term investment opportunity.
Recent news sentiment impact: The recent negative earnings surprise has had a moderate impact on the stock price, but the overall trend remains bullish.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - bearish, Medium-term (1-3 months) - neutral, Long-term (3-12 months) - bullish
Support/Resistance Levels: Key price levels from moving averages:
- SMA 20: $7.97
- SMA 50: $7.84
- SMA 200: $8.04
Momentum Signals:
- RSI interpretation: Neutral (37.58)
- MACD signal: Bearish (MACD -0.10 / Signal -0.08)
- Bollinger Bands position: Neutral (price touching the middle band)
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 1217160.80
- On-Balance Volume (OBV): -45675036.56
- Volume Rate of Change: -51.66%
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles:
- Neutral sentiment, with no significant positive or negative headlines
- Recent earnings surprise had a moderate impact on the stock price
Sentiment Assessment: Aggregate news sentiment: NEUTRAL (5/6)
Catalyst Identification: Upcoming events:
- Q2 Earnings release in [insert date]
- Institutional investor activity
Market Narrative: News aligns with technical signals, indicating a potential bullish trend.
Risk & Volatility Assessment
Beta Interpretation: Risk relative to market: LOW (beta 0.47)
Volatility Regime: Current vs historical volatility levels:
- Historical volatility: HV20 33.6% / HV30 30.7% / HV60 28.1%
- IV Premium vs HV30: 339.3% (positive = implied richer than realized)
Options Market Signals:
- IV Rank: 67.1% (Medium - shows if volatility is historically high/low)
- Current IV: 135.0%
- Expected Move: $0.47 (23 DTE), 7-DTE: $0.47
- Volume Flow: 1,116 calls vs 1,008 puts
- Open Interest: 29,711 calls vs 13,064 puts
Downside Protection: Support levels and risk management considerations:
- SMA 20: $7.97
- SMA 50: $7.84
Market Context & Positioning
Sector Performance: Relative strength vs sector/market:
- IEP has underperformed the broader market in recent weeks
Institutional Activity: Volume patterns suggesting institutional interest:
- No significant institutional activity observed recently
Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- Correlation: 0.19
- R-squared value: 3.8%
Relative Valuation: Position within trading range:
- IEP has been trading within a narrow range, with no clear trend in recent weeks
Key Levels & Action Items
Critical Price Levels: Support/resistance to monitor:
- SMA 20: $7.97
- SMA 50: $7.84
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Bollinger Bands upper and lower boundaries: $8.56 and $7.38, respectively
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- Q2 Earnings release in [insert date]
Risk Management: Stop-loss levels and position sizing considerations:
- Consider setting a stop-loss at SMA 20 ($7.97) to limit potential losses
Generated
News
All IEP news →
The Motley FoolT3·7mo ago
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Showing 1–10 of 50
Page 1 of 5
Earnings History
19 of 23 under expected move
Avg Expected Move
9.43%
Avg Actual Move
5.04%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-26 | Pre-Market | 7.02% | 4.63% | 0.66x | Within |
| 2021-05-07 | Pre-Market | 8.69% | 3.44% | 0.40x | Within |
| 2021-08-06 | Pre-Market | 5.46% | 0.15% | 0.03x | Within |
| 2021-11-02 | Pre-Market | 7.73% | 1.27% | 0.16x | Within |
| 2022-02-25 | Pre-Market | 8.38% | 0.35% | 0.04x | Within |
| 2022-05-06 | Pre-Market | 1.80% | 2.27% | 1.26x | Exceeded |
| 2022-08-04 | Pre-Market | 6.39% | 0.99% | 0.15x | Within |
| 2022-11-03 | Pre-Market | 5.22% | 2.09% | 0.40x | Within |
| 2023-02-24 | Pre-Market | 6.03% | 0.33% | 0.05x | Within |
| 2023-05-10 | Pre-Market | 17.07% | 15.14% | 0.89x | Within |
| 2023-08-04 | Pre-Market | 10.34% | 23.23% | 2.25x | Exceeded |
| 2023-11-03 | Pre-Market | 12.50% | 13.08% | 1.05x | Exceeded |
| 2024-02-21 | Pre-Market | 11.70% | 9.38% | 0.80x | Within |
| 2024-05-08 | Pre-Market | 6.58% | 8.10% | 1.23x | Exceeded |
| 2024-08-07 | Pre-Market | 12.10% | 4.42% | 0.37x | Within |
| 2024-11-08 | Pre-Market | 10.67% | 6.13% | 0.57x | Within |
| 2025-02-26 | Pre-Market | 8.04% | 2.24% | 0.28x | Within |
| 2025-05-07 | After-Close | 3.29% | 2.28% | 0.69x | Within |
| 2025-08-04 | After-Close | 12.01% | 1.62% | 0.13x | Within |
| 2025-11-05 | After-Close | 20.67% | 3.62% | 0.18x | Within |
| 2026-02-25 | Pre-Market | 10.99% | 3.04% | 0.28x | Within |
| 2026-05-06 | Pre-Market | 11.70% | 4.68% | 0.40x | Within |
| 2026-08-05 | Pre-Market | 12.61% | 3.49% | 0.28x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
IEP Options Activity & IV Rank
IEP IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 54.8%
7-DTE IV: —
Expected Move: $0.73
7-DTE Move: $0.73
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 2,672
Put Volume: 24
P/C Volume: 0.009
BULLISH
Call OI: 14,597
Put OI: 1,261
P/C OI: 0.086
Total OI: 15,858
ATM Options Pricing
ATM Call: $0.33
ATM Put: $0.40
Call %: 5.3%
Put %: 6.5%
Chain Summary
Chain Volume: 7,848
Chain OI: 162,877
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 63rd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
63%
vs own history
GEX tilt
-0.07
OI-weighted, today
Vanna tilt
+0.69
δ-sensitivity to IV
Charm tilt
-0.60
δ-decay vs time
Vanna tilt +0.69: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.60: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 8 ATM contracts, 5k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 51.0% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)35.2MediumOct 21
Straddle Price (30 DTE)$0.73Oct 21
Beta Analysis
Risk Metrics
Beta: 0.4211
Alpha: -31.06%
Correlation: 0.1927
R-Squared: 3.7%
Stock Volatility: 27.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own IEP
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Icahn Capital / Icahn Enterprises Family office Carl Icahn, Brett Icahn | $4.46B | #1 of 14 | +12.6% | 13F + Form 4 · 10% owner | |
| Citadel Hedge fund Ken Griffin | $2.5M | #2678 of 6285 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $52K | #3357 of 4729 | +63.3% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
IEP Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 610,750,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
7 filers$15.84M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $5.18M | 32.69% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $5.09M | 32.14% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $2.06M | 13.01% | 2026-06-30 |
| 4 | Triumph Capital Management | $1.22M | 7.67% | 2026-09-30 |
| 5 | IMC-Chicago, LLC Custodian | $1.16M | 7.29% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $710.63K | 4.49% | 2025-09-30 |
| 7 | Simplex Trading, LLC Custodian | $429.00K | 2.71% | 2026-06-30 |
8 filers$32.48M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $11.49M | 35.37% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $8.09M | 24.91% | 2026-06-30 |
| 3 | HBK INVESTMENTS L P | $6.81M | 20.96% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $3.35M | 10.33% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $1.41M | 4.33% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $585.45K | 1.80% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $582.74K | 1.79% | 2025-09-30 |
| 8 | Jane Street Group, LLC Custodian | $164.39K | 0.51% | 2026-06-30 |
IEP Insider Trading (Form 4)
Latest: 2026-09-25Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-25 | Carl C Icahn | Director | Other (J) | +40,531,194 | $7.01 | $284.20M | EDGAR |
| 2026-08-18 | Ted Papapostolou | President and CEO | Grant (A) | +33,242 RSU | — | EDGAR | |
| 2026-08-18 | Robert Flint | Chief Financial Officer | Mixed | — | $7.88 | -$161.5K | EDGAR |
| 2026-06-29 | Carl C Icahn | Director | Other (J) | +36,456,030 | $7.30 | $265.97M | EDGAR |
| 2026-04-17 | Carl C Icahn | Director | Other (J) | +32,536,774 | $7.67 | $249.70M | EDGAR |
| 2025-12-29 | Carl C Icahn | Director | Other (J) | +30,467,595 | $7.70 | $234.47M | EDGAR |
| 2025-09-26 | Carl C Icahn | Director | Other (J) | +24,149,325 | $8.17 | $197.39M | EDGAR |
| 2025-06-26 | Carl C Icahn | Director | Other (J) | +22,033,036 | $8.46 | $186.38M | EDGAR |
| 2025-04-17 | Carl C Icahn | Director | Other (J) | +21,962,413 | $7.99 | $175.39M | EDGAR |
| 2024-12-27 | Carl C Icahn | Director | Other (J) | +17,581,237 | $9.76 | $171.60M | EDGAR |
| 2024-12-04 | Robert Flint | Chief Accounting Officer | Grant (A) | +43,069 RSU | — | EDGAR | |
| 2024-10-02 | Brett Icahn | Director | Tax (F) | −34,179 | $13.37 | -$457.0K | EDGAR |
| 2024-09-27 | Carl C Icahn | Director | Other (J) | +26,892,947 | $12.88 | $346.31M | EDGAR |
| 2024-09-27 | Ted Papapostolou | Chief Financial Officer | Mixed | — | $15.13 | -$431.4K | EDGAR |
| 2024-06-25 | Carl C Icahn | Director | Other (J) | +20,418,007 | $15.96 | $325.90M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
IEP Insider Holdings
2 insiders · @ $6.15
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Carl C Icahn | Director | 658,941,586 | — | $614.81M | 77 | 2026-09-25 |
| 2 | Robert Flint | Chief Financial Officer | 20,486 | $126.0K | $0 | 2 | 2026-08-18 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
IEP Board & Officers
As of SEC filings through Sep 25, 2026Directors 4
- Ted Papapostolou · listed since Dec 2021
- Carl C Icahn · listed since Apr 2022
- Hernandez Margarita Palau · since Nov 3, 2025
- Robert Flint · listed since Aug 2026
Officers 3
- Ted Papapostolou · Chief Accounting Officer · since Mar 31, 2020
- Robert Flint · Principal Accounting Officer · since Jan 1, 2024
- Ma Rowella Medez Asuncion-Gumabong · Principal Accounting Officer · since Aug 6, 2026
10% owners 1
- Carl C Icahn · listed since Apr 2023
Changes in the last 10 years (30)
| Aug 18, 2026 | Robert Flint first listed as a director in an SEC filing |
| Aug 6, 2026 | Ma Rowella Medez Asuncion-Gumabong became Principal Accounting Officer |
| Nov 3, 2025 | Hernandez Margarita Palau became a director |
| Feb 21, 2024 | Andrew Teno became a director |
| Feb 21, 2024 | Andrew Teno became President & CEO |
| Jan 1, 2024 | Robert Flint became Principal Accounting Officer |
| Apr 21, 2023 | Carl C Icahn first listed as a 10% owner in an SEC filing |
| Apr 29, 2022 | Carl C Icahn first listed as a director in an SEC filing |
| Dec 13, 2021 | Ted Papapostolou first listed as a director in an SEC filing |
| Dec 1, 2021 | The company announced the departure of Aris Kekedjian as President and CEO in an SEC filing |
| Nov 5, 2021 | The company announced the departure of David Willetts from the board in an SEC filing |
| Nov 5, 2021 | The company announced the departure of David Willetts as Chief Financial Officer in an SEC filing |
| Nov 5, 2021 | The company announced the departure of Aris Kekedjian from the board in an SEC filing |
| Jun 7, 2021 | David Willetts became a director |
| Jun 7, 2021 | David Willetts became Chief Financial Officer |
| Apr 29, 2021 | Carl C Icahn no longer listed as a 10% owner in SEC filings |
| Apr 26, 2021 | Aris Kekedjian became a director |
| Apr 26, 2021 | Aris Kekedjian became President and CEO |
| Apr 23, 2021 | Nancy Martori Dunlap became a director |
| Dec 30, 2020 | Carl C Icahn first listed as a 10% owner in an SEC filing |
| Oct 1, 2020 | Brett Icahn became a director |
| Mar 31, 2020 | Ted Papapostolou became Chief Accounting Officer |
| Mar 16, 2020 | Stephen A Mongillo became a director |
| Dec 23, 2019 | Carl C Icahn no longer listed as a 10% owner in SEC filings |
| Dec 23, 2019 | Carl C Icahn no longer listed as Chairman of the Board in SEC filings |
| Sep 27, 2019 | Denise Barton became a director |
| Apr 19, 2019 | Carl C Icahn first listed as a 10% owner in an SEC filing |
| Apr 19, 2019 | Carl C Icahn first listed as Chairman of the Board in an SEC filing |
| Mar 15, 2019 | A B Krongard became a director |
| Dec 18, 2018 | Michael Nevin became a director |
Not reported recently (9)
- Brett Icahn · Last reported as a director in an SEC filing dated Oct 2, 2024
- Andrew Teno · Last reported as a director in an SEC filing dated Feb 22, 2024
- A B Krongard · Last reported as a director in an SEC filing dated Sep 22, 2021
- Nancy Martori Dunlap · Last reported as a director in an SEC filing dated Apr 23, 2021
- Stephen A Mongillo · Last reported as a director in an SEC filing dated Mar 16, 2020
- Denise Barton · Last reported as a director in an SEC filing dated Sep 30, 2019
- Jack Gumpert Wasserman · Last reported as a director in an SEC filing dated Mar 5, 2019
- Michael Nevin · Last reported as a director in an SEC filing dated Dec 19, 2018
- James Larry Nelson · Last reported as a director in an SEC filing dated Feb 24, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
10 ETFs hold IEP
10 shown · $36.32M total exposure · 0.07% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | Invesco | 2.41% | $22.3M | — | 2026-10-20 |
| 2 | MDIV Multi-Asset Diversified Income Index Fund | First Trust | 1.58% | $6.5M | $413.6M | 2026-10-20 |
| 3 | BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF | Invesco | 0.46% | $2.6M | — | 2026-10-20 |
| 4 | ONEQ Fidelity Nasdaq Composite Index ETF | Fidelity | 0.01% | $1.4M | $10.9B | 2026-10-20 |
| 5 | CVY Invesco Zacks Multi-Asset Income ETF | Nport | 0.98% | $1.2M | — | 2026-07-31 |
| 6 | BSJU Invesco BulletShares 2030 High Yield Corporate Bond ETF | Invesco | 0.38% | $1.2M | — | 2026-10-20 |
| 7 | IHYF Invesco High Yield Bond Factor ETF | Invesco | 0.40% | $634,260 | — | 2026-04-30 |
| 8 | GYLD Arrow Dow Jones Global Yield ETF | Nport | 0.64% | $238,203 | — | 2026-07-31 |
| 9 | VUS Virtus U.S. Dividend ETF | Nport | 0.90% | $160,038 | — | 2026-07-31 |
| 10 | GTOH Invesco Short Duration High Yield ETF | Invesco | 0.17% | $20,968 | — | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.72
TTM Revenue
$10.36B
TTM Net Income
$-515.00M
TTM Op. Cash Flow
$107.00M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $3.26B | $-348.00M | $-0.52 | $116.00M |
| Q1 '26 | 2026-03-31 | $2.47B | $-450.00M | $-0.71 | $397.00M |
| Q4 '25 | 2025-12-31 | $2.14B | $2.00M | $0.02 | $-421.00M |
| Q3 '25 | 2025-09-30 | $2.48B | $281.00M | $0.49 | $15.00M |
| Q2 '25 | 2025-06-30 | $2.31B | $-162.00M | $-0.30 | $275.00M |
| Q1 '25 | 2025-03-31 | $2.17B | $-414.00M | $-0.79 | $-182.00M |
| Q4 '24 | 2024-12-31 | $2.09B | $-96.00M | $-0.19 | $244.00M |
| Q3 '24 | 2024-09-30 | $2.41B | $22.00M | $0.05 | $-54.00M |
| Q2 '24 | 2024-06-30 | $2.55B | $-325.00M | $-0.72 | $893.00M |
| Q1 '24 | 2024-03-31 | $2.43B | $-38.00M | $-0.09 | $-251.00M |
| Q4 '23 | 2023-12-31 | $3.62B | $-150.00M | $-0.28 | $-1.25B |
| Q3 '23 | 2023-09-30 | $3.00B | $-6.00M | $-0.01 | $91.00M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
1.75
P/S
0.36
EV/EBITDA
12.75
EV/Sales
0.86
ROE
-24.0%
ROA
-4.0%
Div Yield
0.00%
FCF Yield
2.85%
Debt/Equity
2.98
Current Ratio
—
Market Cap
$3.76B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
17.69M
SI % of Float
2.49%
Days to Cover
22.42
Short Vol Ratio
54.5%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21