Billionaire Carl Icahn’s Latest Portfolio: Top 5 Stock Picks

2. CVR Energy, Inc. (NYSE:CVI)

Icahn Capital LP’s Stake Value: $2,385,157,000

Percentage of Icahn Capital LP’s 13F Portfolio: 11.43%

Number of Hedge Fund Holders: 22

CVR Energy, Inc. (NYSE:CVI) continued to remain one of Icahn Capital LP’s top stock picks at the end of the second quarter, with the firm continuing to own over 70% of the outstanding shares of the company during that period. Shares of CVR Energy, Inc. (NYSE:CVI) have appreciated close to 200% in the last one year, and so has their popularity among smart money investors. From just 13 hedge funds in our database of 895 funds disclosing a stake in the petroleum refiner at the end of 2021, the number jumped to 22 at the end of Q2.

For its second quarter of FY 2022, CVR Energy, Inc. (NYSE:CVI) reported non-GAAP earnings per share of $2.45 on revenue of $3.1 billion, beating analysts’ expectations by $0.15 and $710 million, respectively, on August 2. Along with the earnings release, the company also provided guidance for the third quarter. It expects capital expenditure to be between $63 million and $83 million, Petroleum total throughput in the $190,000 and $205,000 range, and renewables throughput between the $4,500 and $6,000 range during Q3.