Billionaire Michael Hintze Portfolio: Top 5 Stock Picks

4. BHP Group (NYSE:BHP)

CQS Cayman LP Stake Value: $29,645,000
Percentage of CQS Cayman LP’s 13F Portfolio: 1.69%
Number of Hedge Fund Holders: 18

BHP Group (NYSE:BHP) is a mining company that specializes in iron ore, metallurgical coal, and copper exploration, development, production, and processing. In the third quarter of 2012, CQS Cayman LP began building its stake in BHP Group (NYSE:BHP), and it currently holds 549,703 shares worth $29.65 million. In addition, the hedge fund has increased its stake in the firm by 386% in the third quarter of 2021.

In November, BHP Group (NYSE:BHP) announced that it had inked a share sale and purchase agreement to sell its 80% stake in BHP Mitsui Coal, a Queensland-based operated metallurgical coal joint venture.

Overall, 18 hedge funds in the Q3 database of Insider Monkey reported owning stakes in BHP Group (NYSE:BHP). The stakes of these funds are valued at $899.84 million.

Harding Loevner, an investment management firm, in its first-quarter 2021 investor letter, mentioned BHP Group (NYSE:BHP). Here is what the fund said:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”