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Benzinga
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Icahn Hedge Fund's Q2 Moves: Centuri Stake Soars, JetBlue Held, 2 Positions Exited

1. Carl Icahn increased his CTRI stake by 157.55% to 6.4 million shares. 2. CTRI's value in Icahn's portfolio now stands at approximately $144 million. 3. Ongoing U.S. grid upgrades favor CTRI's steady cash flow business model. 4. Icahn's strategy focuses on securing reliable earnings amidst market volatility. 5. Icahn exited his Dana Inc. position, hinting at pivoting investment strategies.

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FAQ

Why Bullish?

Icahn's substantial stake increase in CTRI signals strong confidence, similar to historical examples like his prior investments in energy sectors that later yielded high returns.

How important is it?

Icahn's actions historically drive stock interest and price movements, suggesting a probable rise in CTRI’s value.

Why Short Term?

The immediate boost from Icahn's backing is likely to impact CTRI's price positively in the short term due to heightened investor interest.

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