Top 5 Stocks Picks of Apocalyptic Investor Crispin Odey

4. CNH Industrial N.V. (NYSE:CNHI)

Odey’s Stake Value: $34,016,000

Percentage of Crispin Odey’s 13F Portfolio: 7.65%

Number of Hedge Fund Holders: 24

CNH Industrial N.V. (NYSE:CNHI) manufactures, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles globally.

The hedge fund chaired by Crispin Odey holds 2.03 million shares in CNH Industrial N.V. (NYSE:CNHI) worth over $34.02 million. Odey Asset Management Group’s stake in CNH Industrial N.V. (NYSE:CNHI) shares increased by 3% in the second quarter of 2021. Hedge funds are loading up on CNH Industrial, as Insider Monkey’s data shows that 24 hedge funds held stakes in the company in the second quarter of 2021, compared to 23 funds a quarter earlier.

Longleaf Partners Fund, in its first-quarter 2021 investor letter, mentioned CNH Industrial N.V. (NYSE:CNHI). Here is what the fund has to say about CNH Industrial in its letter:

“CNH Industrial (CNH) (23%, 1.19%), one of the world’s largest agriculture machinery manufacturers, was another top contributor. CNH reported strong fourth quarter results, beating the consensus on every metric. The Agricultural Equipment (Ag) business, which represents the majority of our value, posted strong top-line growth of 19% YoY thanks to rising commodity prices, growing trade with China and the replacement of aging machinery fleets. Visibility for the first half of 2021 is strong, given solid Ag order growth across most key end markets, and we expect to see operational turnarounds in CNH’s other businesses. The company is also guiding 8-12% industrial sales growth for 2021, which is better than our initial expectation. The most positive surprise for the quarter was the company’s strong cash generation. CNH generated approximately $2.4bn FCF in the fourth quarter alone, driven by working capital release leading to a strong net cash position for the industrial segment. Due to the recent stock price appreciation, the price-to-value gap has narrowed, but we continue to have a positive view given a more favorable market outlook, the company’s strong execution capability and management’s continued commitments to value accretive transactions, including the planned splitting of the business and potentially other strategic asset sales.”