5 Best Agriculture Stocks to Buy Now

1. CF Industries Holdings, Inc. (NYSE:CF)

Number of Hedge Fund Holders: 65

CF Industries Holdings, Inc. (NYSE:CF) produces and sells nitrogen fertilizer. The company provides agricultural and industrial clients with its run nitrogen plants through its distribution network. CF Industries Holdings, Inc. (NYSE:CF) runs seven nitrogen plants in North America and has joint venture interests in additional Trinidad and Tobago and United Kingdom production facilities.

Of the 920 elite funds tracked by Insider Monkey, 65 hedge funds owned stakes in CF Industries Holdings, Inc. (NYSE:CF) in Q3 2022, compared with 52 in the previous quarter. The aggregate value of these stakes is over $1.53 billion.

Due to the fluctuating input costs and unstable near-term demand trend in the agriculture sector, Mizuho analyst Christopher Parkinson reduced his price objective for CF Industries Holdings, Inc. (NYSE:CF) from $117 to $113 on November 1 and maintained a ‘Neutral’ rating on the company.

Soroban Capital Partners is the leading shareholder of the company with 2.49 million shares of CF Industries Holdings, Inc. (NYSE:CF), worth over $239.45 million. Next on the list is Renaissance Technologies, that owns 1.72 million shares of the company, worth over $165.21 million.

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

“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.”

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