CF Industries Holdings, Inc. (CF)’s Stock Is Trading Lower Amid of Downgrades

Judging by the fact that CF Industries Holdings, Inc. (NYSE:CF) has witnessed bearish sentiment from the aggregate hedge fund industry, logic holds that there lies a certain “tier” of fund managers that slashed their entire stakes last quarter. It’s worth mentioning that Robert Pitts’ Steadfast Capital Management said goodbye to the largest position of the “upper crust” of funds tracked by Insider Monkey, totaling an estimated $42.9 million in stock, and Kenney Y. Oh’s SeaStone Capital Management was right behind this move, as the fund said goodbye to about $15.8 million worth. These moves are important to note, as aggregate hedge fund interest fell by 5 funds last quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as CF Industries Holdings, Inc. (NYSE:CF) but similarly valued. We will take a look at Xylem Inc (NYSE:XYL), Westinghouse Air Brake Technologies Corp (NYSE:WAB), F5 Networks, Inc. (NASDAQ:FFIV), and Signature Bank (NASDAQ:SBNY). All of these stocks’ market caps resemble CF’s market cap.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $538 million. That figure was $1021 million in CF’s case. F5 Networks, Inc. (NASDAQ:FFIV) is the most popular stock in this table. On the other hand Westinghouse Air Brake Technologies Corp (NYSE:WAB) is the least popular one with only 19 bullish hedge fund positions. Compared to these stocks CF Industries Holdings, Inc. (NYSE:CF) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None