5 Best Potash Stocks to Buy

4. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 32

Saskatoon, Canada-based Nutrien Ltd. (NYSE:NTR) is the largest producer of potash by capacity and one of the largest producers of nitrogen and phosphate globally. With a history that goes back nearly 50 years, the company has nearly 25,000 employees and produces and distributes nearly 27 million tons of potash, nitrogen, and phosphate products.

Nutrien Ltd. (NYSE:NTR) was formed through the merger of Agrium Inc. and Potash Corporation of Saskatchewan Inc., completed in January 2018. The company has total operational capacity to produce 20.6 million tons of potash, 7.1 million tons of nitrogen-based products, and 1.7 million tons of phosphate.

Nutrien Ltd. (NYSE:NTR) has increased regular cash dividend payouts on its common stock since the merger in 2018. The dividends have grown at a CAGR of 5.8% since that time and the company currently pays a quarterly cash dividend of $0.53 per common share.

As of Q1 2023, Nutrien Ltd. (NYSE:NTR) shares were held by 32 prominent hedge funds with the total shares held by these hedge funds valued at $350 million. Notable hedge fund shareholders included First Eagle Investment Management, Renaissance Technologies, and D E Shaw, among others.