5 Best Stocks to Buy and Hold According to Billionaire Carl Icahn

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

Number of Hedge Fund Holders: 20

Icahn Capital LP’s Stake Value: $2,333,894,000

CVR Energy, Inc. (NYSE:CVI) is involved in petroleum refining and nitrogen fertilizer manufacturing within the United States. In Q1 2023, Carl Icahn’s Icahn Enterprises owned 71.19 million shares worth $2.3 billion, representing 10.59% of the total 13F securities. It is one of the best stocks to buy and hold according to billionaire Carl Icahn. 

On May 1, CVR Energy, Inc. (NYSE:CVI) reported a Q1 non-GAAP EPS of $1.44 and a revenue of $2.29 billion, outperforming Wall Street estimates by $0.40 and $120 million, respectively. The company also declared a $0.50 per share quarterly dividend, in line with previous. The dividend is payable on May 22, to shareholders of record on May 15. 

According to Insider Monkey’s fourth quarter database, 20 hedge funds were bullish on CVR Energy, Inc. (NYSE:CVI), compared to 21 funds in the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the largest stakeholder of the company.