<SEC-DOCUMENT>0001539497-25-002517.txt : 20250926
<SEC-HEADER>0001539497-25-002517.hdr.sgml : 20250926
<ACCEPTANCE-DATETIME>20250926170006
ACCESSION NUMBER:		0001539497-25-002517
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250926
DATE AS OF CHANGE:		20250926

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICAHN ENTERPRISES L.P.
		CENTRAL INDEX KEY:			0000813762
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				133398766
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-38593
		FILM NUMBER:		251351249

	BUSINESS ADDRESS:	
		STREET 1:		16690 COLLINS AVE,
		STREET 2:		PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160
		BUSINESS PHONE:		(305) 422-4100

	MAIL ADDRESS:	
		STREET 1:		16690 COLLINS AVE,
		STREET 2:		PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN REAL ESTATE PARTNERS L P
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICAHN CARL C
		CENTRAL INDEX KEY:			0000921669
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		ORGANIZATION NAME:           	CF
		EIN:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O ICAHN ENTERPRISES L.P.
		STREET 2:		16690 COLLINS AVE., PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160
		BUSINESS PHONE:		305-422-4145

	MAIL ADDRESS:	
		STREET 1:		C/O ICAHN ENTERPRISES L.P.
		STREET 2:		16690 COLLINS AVE., PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ICAHN CARL C ET AL
		DATE OF NAME CHANGE:	19950612
</SEC-HEADER>
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<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <amendmentNo>82</amendmentNo>
      <securitiesClassTitle>Depositary Units Representing Limited Partner Interests</securitiesClassTitle>
      <dateOfEvent>09/24/2025</dateOfEvent>
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          <com:city>SUNNY ISLES BEACH</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33160</com:zipCode>
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          <personName>Jesse Lynn, Esq.</personName>
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            <com:street1>16690 Collins Avenue, Suite PH-1</com:street1>
            <com:city>Sunny Isles Beach</com:city>
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            <com:zipCode>33160</com:zipCode>
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        <reportingPersonCIK>0001327741</reportingPersonCIK>
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        <reportingPersonName>CCI Onshore LLC</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>110873576.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
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        <sharedDispositivePower>0.00</sharedDispositivePower>
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        <reportingPersonCIK>0001315356</reportingPersonCIK>
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        <reportingPersonName>Gascon Partners</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
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        <sharedDispositivePower>0.00</sharedDispositivePower>
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        <reportingPersonCIK>0000945612</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>High Coast Limited Partnership</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
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        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>260034192.00</soleVotingPower>
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        <soleDispositivePower>260034192.00</soleDispositivePower>
        <sharedDispositivePower>110873576.00</sharedDispositivePower>
        <aggregateAmountOwned>370907768.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>62.07</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000928475</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Highcrest Investors LLC</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>57321531.00</soleVotingPower>
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        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>57321531.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>9.59</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001257325</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Thornwood Associates Limited Partnership</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>19371194.00</soleVotingPower>
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        <soleDispositivePower>19371194.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
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        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>3.24</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000860851</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Barberry Corp.</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>19371194.00</sharedVotingPower>
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        <sharedDispositivePower>19371194.00</sharedDispositivePower>
        <aggregateAmountOwned>19371194.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>3.24</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001008814</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Starfire Holding Corporation</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
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        <sharedDispositivePower>57321531.00</sharedDispositivePower>
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        <percentOfClass>9.59</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001044968</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Little Meadow Corp.</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
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        <percentOfClass>74.01</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000921669</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Carl C. Icahn</reportingPersonName>
        <memberOfGroup>a</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
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        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>86.84</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Depositary Units Representing Limited Partner Interests</securityTitle>
        <issuerName>Icahn Enterprises L.P.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>16690 COLLINS AVE,</com:street1>
          <com:street2>PH-1</com:street2>
          <com:city>SUNNY ISLES BEACH</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33160</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The Schedule 13D filed with the U.S. Securities and Exchange Commission ("SEC") on September 24, 1990, as previously amended (the "Initial 13D"), is hereby further amended to furnish the additional information set forth in this Amendment No. 82 to the Initial 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Initial 13D.</commentText>
      </item1>
      <item5>
        <percentageOfClassSecurities>The Reporting Persons may be deemed to beneficially own, in the aggregate, 518,932,944 Depositary Units, representing approximately 86.84% of the Issuer's outstanding Depositary Units (based upon (i) the 573,419,882 Depositary Units stated to be outstanding as of August 4, 2025, by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission on May 4, 2025, plus (ii) the 24,149,325 Depositary Units issued to the Reporting Persons by the Issuer on September 24, 2025, in connection with a regular quarterly distribution of Depositary Units by the Issuer).</percentageOfClassSecurities>
        <numberOfShares>CCI Onshore has sole voting power and sole dispositive power with respect to 110,873,576 Depositary Units. Pursuant to Rule 13d-3(a) under the Exchange Act, each of High Coast, Little Meadow and Mr. Icahn (by virtue of their relationships to CCI Onshore) may be deemed to indirectly beneficially own the Depositary Units which CCI Onshore owns. Each of High Coast, Little Meadow and Mr. Icahn disclaims beneficial ownership of the Depositary Units for all other purposes.

Gascon has sole voting power and sole dispositive power with respect to 71,332,451 Depositary Units. Pursuant to Rule 13d-3(a) under the Exchange Act, each of Little Meadow and Mr. Icahn (by virtue of their relationships to Gascon) may be deemed to indirectly beneficially own the Depositary Units which Gascon owns. Each of Little Meadow and Mr. Icahn disclaims beneficial ownership of the Depositary Units for all other purposes.

High Coast has sole voting power and sole dispositive power with respect to 260,034,192 Depositary Units. Pursuant to Rule 13d-3(a) under the Exchange Act, each of Little Meadow and Mr. Icahn (by virtue of their relationships to High Coast) may be deemed to indirectly beneficially own the Depositary Units which High Coast owns. Each of Little Meadow and Mr. Icahn disclaims beneficial ownership of the Depositary Units for all other purposes.

Highcrest has sole voting power and sole dispositive power with respect to 57,321,531 Depositary Units. Pursuant to Rule 13d-3(a) under the Exchange Act, each of Starfire and Mr. Icahn (by virtue of their relationships to Highcrest) may be deemed to indirectly beneficially own the Depositary Units which Highcrest owns. Each of Starfire and Mr. Icahn disclaims beneficial ownership of the Depositary Units for all other purposes.

Thornwood has sole voting power and sole dispositive power with respect to 19,371,194 Depositary Units. Pursuant to Rule 13d-3(a) under the Exchange Act, each of Barberry and Mr. Icahn (by virtue of their relationships to Thornwood) may be deemed to indirectly beneficially own the Depositary Units which Thornwood owns. Each of Barberry and Mr. Icahn disclaims beneficial ownership of the Depositary Units for all other purposes.</numberOfShares>
        <transactionDesc>Except for the acquisition of Depositary Units from the Issuer in connection with a quarterly dividend, none of the Reporting Persons effected any transactions in the Issuer's securities during the past sixty (60) days. On September 24, 2025, in connection with the quarterly dividend, CCI Onshore received 5,159,669 Depositary Units, Gascon received 3,319,563 Depositary Units, High Coast received 12,101,084 Depositary Units, Highcrest received 2,667,542 Depositary Units, and Thornwood received 901,467 Depositary Units.</transactionDesc>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>CCI Onshore LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Gascon Partners</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>High Coast Limited Partnership</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Highcrest Investors LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Thornwood Associates Limited Partnership</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Barberry Corp.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Starfire Holding Corporation</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Little Meadow Corp.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rowella Asuncion-Gumabong</signature>
          <title>Rowella Asuncion-Gumabong / Vice President</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Carl C. Icahn</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Carl C. Icahn</signature>
          <title>CARL C. ICAHN</title>
          <date>09/26/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
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