Billionaire Carl Icahn’s Top 5 Picks

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

Value: $1,060,861,000
Percent of Carl Icahn’s 13F Portfolio: 5.28%
Number of Hedge Fund Holders: 19

Texas-based CVR ranks 3rd on the list of billionaire Carl Icahn’s top 10 stock picks. The stock is up 63% year to date. In February, the stock was upgraded to Buy from Neutral and increased its price target to $31 from $16. The firm said that the market is not valuing the company’s foray into renewable diesel. Citi likes CVR’s Wynnewood project, which it believes is a “low-cost option play” to capitalize on the biomass market.

There were 19 hedge funds in our database that held stakes in CVR Energy at the end of the fourth quarter, compared to 18 funds in the third quarter.