Carl Icahn Loads Up CVR Energy Stock, Drops $27 Million On Bullish April Binge

Billionaire investor Carl Icahn just reminded Wall Street who the original energy bull is.

In a series of filings this month, the legendary activist investor disclosed a buying spree in CVR Energy, Inc. (NYSE:CVI) – snapping up more than 1.5 million shares worth over $27 million throughout April. CVR Energy is Icahn's second-largest holding, just behind his own firm, Icahn Enterprises (NASDAQ:IEP).

With the ink barely dry on the latest Schedule 13D/A, the filing reveals Icahn now owns 70.1 million shares.

Starting from April 3 through April 15, Icahn Enterprises consistently gobbled up CVI shares, even as prices edged up from $16.11 to $18.12, insider trading data on HedgeFollow reveals. It wasn't just a few nibbles either.

Related: Insider Confidence On Display: CARL ICAHN Acquires $1.60M In CVR Energy Stock

Daily purchases ranged from 60,000 to nearly 270,000 shares, signaling Icahn's unwavering bullishness on the stock — even as the broader energy market churned sideways.

This wasn't some back-office portfolio adjustment — it was a statement. With this kind of ownership, Icahn doesn't just hold a stake — he holds the steering wheel.

CVR Energy, a refiner and nitrogen fertilizer player, now finds itself under the sway of one of Wall Street's most influential shareholders. And if history is any guide, Icahn rarely plays passive.

Whether it's boardroom shakeups, asset spins or operational pivots, the market knows: when Icahn’s buying, something's usually brewing.

And in this case, he isn't just betting on energy — he's betting on control, transformation and upside.

Wall Street, take notes.

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