Finally, Farallon’s biggest closed positions included Nexen Inc. (USA) (NYSE:NXY) and Check Point Software Technologies Ltd. (NASDAQ:CHKP). Other closed positions of interest include Potash Corp./Saskatchewan (USA) (NYSE:POT). Potash is a fertilizer giant, with a low-cost structure giving it healthy profit margins. It recently yielded a solid 3.3%, and the dividend has been raised 25% this year and some 700% over the past few years. There’s a lot to like about the company, but its stock doesn’t appear to be a screaming bargain these days.
We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.
The article Here’s What This $5 Billion Hedge Fund Has Been Buying originally appeared on Fool.com.
Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned. The Motley Fool recommends Check Point Software Technologies and owns shares of Check Point Software Technologies and Freeport-McMoRan Copper & Gold.
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