Billionaire Mason Hawkins’ 10 Mid-Cap Stocks with Huge Upside Potential

8. CNH Industrial N.V. (NYSE:CNH)

Market Capitalization: $15.48 billion

Number of Hedge Fund Holders: 42 

Southeastern Asset Management Stake: $53,797,355

Analyst Upside Potential: 9.68% 

CNH Industrial N.V. (NYSE:CNH) is an international equipment and services company that specializes in the production and sales of agricultural and construction equipment. The company operates through three main business segments, including Agriculture, Construction, and Financial Services.

Financially speaking, CNH Industrial N.V. (NYSE:CNH) experienced a significant downturn in Q1 2025 due to market softness. Its consolidated revenue fell by 21% year-over-year, whereas the net income dropped by 64% during the same time. Despite these challenges, the company remains focused on operational excellence, cost-saving initiatives, and technological innovation.

The company, on April 3, reported that it is leveraging cutting-edge technology to advance its training programs. These technologies include simulators, the metaverse, and augmented reality to upskill its employees, customers, and partners. This innovation is particularly focused on Latin America, where these tools help users fully leverage the capabilities of CNH Industrial’s N.V. (NYSE:CNH) machines. It is one of billionaire Mason Hawkins’ 10 mid-cap stocks with huge upside potential.

Greenlight Capital stated the following regarding CNH Industrial N.V. (NYSE:CNH) in its Q4 2024 investor letter:

“We established a new medium-sized position in CNH Industrial N.V. (NYSE:CNH) and a small position in Centene (CNC). CNH is a leading manufacturer of tractors, combines and other agricultural equipment. The farm equipment industry is going through a downcycle led by weak commodity prices and we estimate CNH will ultimately generate trough earnings close to $1 per share. We acquired our position at an average price of $10.53 per share, or less than 11x these expected bottom-of-cycle results. Investor sentiment is extremely weak on the view that the bottom is several years away.

We are optimistic that this current downturn will be shorter and shallower than the prior one experienced about a decade ago. First, the industry experienced strikes and supply chain issues over the last few years, tempering peak sales and inventory levels. Second, CNH and its peers took the corrective action of underproducing to end demand and destocking inventories earlier and more aggressively this time around. As a result, we expect CNH’s sales to return to growth sometime in the coming year simply by producing to end demand, even if farmer spending remains weak. In the meantime, CNH pays a 3% dividend and management has committed to returning the remaining free cash flow through buybacks. We estimate that management will be able to repurchase 5-6% of its stock annually. CNH ended 2024 at $11.33.”