5 Stocks Donald Yacktman is Selling in 2022

1. Huntsman Corporation (NYSE:HUN)

Former Value of Yacktman Asset Management‘s 13F Position: $203 million

Number of Hedge Fund Shareholders (as of March 31): 37

Closing out the list of ten stocks that Donald Yacktman is selling in 2022 is Huntsman Corporation (NYSE:HUN). Yacktman’s fund unloaded 97% of its Huntsman holding during Q1, leaving it with just 216,000 shares.

Hedge fund ownership of Huntsman Corporation (NYSE:HUN) is up by 37% over the past two quarters, due in part to the activist campaign that was launched against the company in Q3 by Jeffrey Smith’s Starboard Value. That campaign failed to overhaul the company’s board in late-March however, as shareholders voted instead to support the company’s entire slate of nominees.

Huntsman Corporation (NYSE:HUN) has significantly underperformed the market for several years, but has taken numerous steps to improve the state of its business during that time. Among other things, it’s worked to deleverage its balance sheet and made major changes to its product portfolio. Most shareholders appear to be satisfied with those changes for now and are willing to wait out the results. Yacktman on the other hand is headed for the exits.

For more on the latest trades made by some of the biggest hedge fund managers in the world, check out Jim Cramer Doesn’t Like These 10 Stocks and Cathie Wood Is Selling These 10 Stocks in 2022.

Disclosure: None.

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