Activist Investor Jeff Smith’s 2022 Portfolio: Top 5 Stock Picks

2. Huntsman Corporation (NYSE:HUN)

Starboard Value’s Stake Value: $619,583,000

Percentage of Starboard Value’s 13F Portfolio: 8.21%

Number of Hedge Fund Holders: 36

Huntsman Corporation (NYSE:HUN) manufactures and sells differentiated organic chemical products worldwide. The company operates through four business segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. On May 2, Deutsche Bank analyst David Begleiter slashed his price target on Huntsman Corporation (NYSE:HUN) to $40 from $46 but maintained a Buy rating on the shares.

On April 28, Huntsman Corporation (NYSE:HUN) released earnings for the fiscal first quarter of 2022 in which it beat both EPS and revenue estimates. The company reported earnings per share of $1.19, exceeding expectations by $0.17. Moreover, the company’s revenues came in at $2.39 billion, up 30.05% year over year, beating market consensus by $104.39 million.

At the close of Q1 2022, 36 hedge funds held stakes in Huntsman Corporation (NYSE:HUN) worth $914.34 million. This is compared to 32 positions in the prior quarter with stakes worth $1.13 billion.