Icahn Trims Centuri Stake to 12.55% With Fresh 163,261-Share Sale
CTRI sits 18% above its 52-week low of $18.505.
Summary
Icahn Enterprises sold another 163,261 Centuri shares at $21.84 on Nov 13, cutting its stake to 12,672,350 shares, or 12.55% of the class, after roughly 1.66 million shares sold since Nov 9.
Key Events · Ownership and Investor Activity · CTRI
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Icahn Adds Fifth Sale Tranche
On 11/13/2026, Icahn Partners sold 163,261 shares at $21.84 — the fifth open-market sale since 11/9/2026.
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Stake Down to 12.55%
Aggregate beneficial ownership now stands at 12,672,350 shares, or approximately 12.55% of 100,967,595 shares outstanding as of October 31, 2026.
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Roughly 1.66M Shares Sold in Five Sessions
Schedule A lists 625,570 at $22.47, 374,430 at $22.35, 175,733 at $22.82, 324,700 at $22.41 and 163,261 at $21.84 — about 1.66 million shares in total.
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Supply Overhang After Record Quarter
The distribution follows Q3 revenue of $1.19 billion, up 40%, and comes as directors Anne Mariucci and Charles R. Patton bought shares at $22.00 and $22.72 on Nov 10-11.
Analysis · CTRI · Energy & Transportation
The takeaway is a supply overhang: Icahn's vehicle has sold roughly 1.66 million Centuri shares across five sessions from Nov 9 through Nov 13, leaving a remaining position of 12,672,350 shares, or 12.55% of the class. What this 13D/A adds to the Form 4 already on the tape is a 163,261-share sale executed today at $21.84 — the lowest print of the run — and a lower aggregate stake than the 12,835,611 shares cited in the concurrent Form 4/A. A large holder steadily liquidating into strength after a record-revenue quarter adds float with every tranche and caps rallies until the selling stops. The offset: the position remains large enough that Icahn retains board-level influence, and directors bought stock on Nov 10 and Nov 11 at $22.00 and $22.72, so insider conviction is split rather than uniformly negative.
How filings like this one have moved
In the 30 days to Nov 12, 2026, 37% of the 3595 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CTRI was trading at $21.84 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $18.51 to $42.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.