Top 5 Stocks to Buy Today According to Kerr Neilson’s Platinum Asset Management

In this article, we discuss the top 5 stocks to buy today according to Kerr Neilson’s Platinum Asset Management. If you want to see more of the top holdings of the hedge fund, click Top 10 Stocks to Buy Today According to Kerr Neilson’s Platinum Asset Management. 

5. The Mosaic Company (NYSE:MOS)

Platinum Asset Management’s Stake Value: $150,198,000

Percentage of Platinum Asset Management’s 13F Portfolio: 4.18%

Number of Hedge Fund Holders: 46

The Mosaic Company (NYSE:MOS) is a Florida-based company that produces concentrated phosphate and potash crop nutrients in North America and internationally. Kerr Neilson’s Platinum Asset Management held 3.8 million shares of The Mosaic Company (NYSE:MOS) in Q4 2021, worth over $150 million, representing 4.18% of the total 13F securities. 

On April 22, The Mosaic Company (NYSE:MOS) reported its Q1 results, announcing earnings per share of $1.95, missing consensus estimates by $0.03. Revenue for the period jumped 56.30% year-over-year to $3.84 billion, falling below market predictions by $87.79 million. 

Mizuho analyst Christopher Parkinson on April 29 raised the price target on The Mosaic Company (NYSE:MOS) to $89 from $59 and kept a Buy rating on the shares. As the global agriculture macro “is increasingly appearing conducive for a multi-year bullish call,” share pullbacks will be “short and shallow, but nonetheless worth waiting for at this juncture,” the analyst told investors in a bullish thesis.

In the fourth quarter of 2021, 46 hedge funds were bullish on The Mosaic Company (NYSE:MOS), up from 40 funds in the third quarter. Eric W. Mandelblatt’s Soroban Capital Partners is a prominent shareholder of the company, with 4.3 million shares worth $172.70 million. 

Here is what Ariel Investments has to say about The Mosaic Company (NYSE:MOS) in its Q4 2021 investor letter:

“We continue to believe recent aggressive fiscal and monetary policy will drive high levels of intransient (rather than transitory) inflation. Recent inflation numbers have exceeded our hawkish predictions. While we believed the Consumer Price Index might rise +4% in 2021, double the Fed target of +2%; it rose +7%, the highest level in forty years. Ariel Focus Fund has been well positioned for this environment as natural resource and material companies such as The Mosaic Company (MOS) which returned +72.15% for the year. This was one of our two largest holdings at year-end and have performed well very early into 2022.”