Here’s Why Chartwell Investment Sold its CF Industries (CF) Stake

Chartwell Investment Partners, an asset management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. For the second quarter, Chartwell-managed accounts fell in line with their respective index benchmarks, however, the Chartwell Dividend Model outperformed by a significant margin versus its benchmark. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Chartwell Investment Partners mentioned CF Industries Holdings, Inc. (NYSE:CF) and explained its insights for the company. Founded in 1946, CF Industries Holdings, Inc. (NYSE:CF) is a Deerfield, Illinois-based nitrogenous fertilizer manufacturing company with a $20.2 billion market capitalization. CF Industries Holdings, Inc. (NYSE:CF) delivered a 43.44% return since the beginning of the year, while its 12-month returns are up by 89.81%. The stock closed at $101.53 per share on September 22, 2022.

Here is what Chartwell Investment Partners has to say about CF Industries Holdings, Inc. (NYSE:CF) in its Q2 2022 investor letter:

“We sold the full position in fertilizer company CF Industries, which also had a 20%+ YTD return (through 6/30), as we had concerns that the company would announce capacity additions, which would negatively impact nitrogen pricing.”

Our calculations show that CF Industries Holdings, Inc. (NYSE:CF) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. CF Industries Holdings, Inc. (NYSE:CF) was in 52 hedge fund portfolios at the end of the second quarter of 2022, compared to 67 funds in the previous quarter. CF Industries Holdings, Inc. (NYSE:CF) delivered a 25.97% return in the past 3 months.

In July 2022, we also shared another hedge fund’s views on CF Industries Holdings, Inc. (NYSE:CF) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.