5 New Stock Picks of Billionaire Dan Loeb

4. CF Industries Holdings, Inc. (NYSE:CF)

Third Point’s Stake Value: $55,820,000

Percentage of Third Point’s 13F Portfolio: 0.30%

Number of Hedge Fund Holders: 49

CF Industries Holdings, Inc. (NYSE:CF) is an Illinois-based company producing hydrogen and nitrogen products for clean energy, fertilizer, controlling emissions, and relevant global industrial applications. Dan Loeb added CF Industries Holdings, Inc. (NYSE:CF) to his third quarter portfolio, buying 1 million shares worth $55.8 million. 

RBC Capital analyst Andrew Wong on January 24 raised the price target on CF Industries Holdings, Inc. (NYSE:CF) to $75 from $73 but kept a Sector Perform rating on the shares. The analyst expects a solid quarter and positive outlook from CF Industries Holdings, Inc. (NYSE:CF) supported by strong nitrogen market fundamentals, but his neutral stance reflects greater variability in nitrogen prices.

On February 2, CF Industries Holdings, Inc. (NYSE:CF) declared a $0.30 per share quarterly dividend, in line with previous. The dividend is payable on February 28, to shareholders of record on February 15. 

Among the hedge funds tracked by Insider Monkey in Q3 2021, 49 funds were bullish on CF Industries Holdings, Inc. (NYSE:CF), with stakes totaling $1.27 billion, as compared to 47 funds in the preceding quarter, holding stakes worth $955.5 million in CF Industries Holdings, Inc. (NYSE:CF). Glendon Capital Management held the largest stake in CF Industries Holdings, Inc. (NYSE:CF) as of Q3 2021, with 4.95 million shares worth $276.7 million.