5 Undervalued S&P 500 Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors: 13
Forward P/E Ratio as of June 5: 4.21

CF Industries Holdings, Inc. (NYSE:CF) tops our list of the undervalued S&P 500 stocks billionaires are buying. The fertilizer company was a part of 47 hedge fund portfolios at the end of Q1 2023, according to Insider Monkey’s database. The collective stakes value is over $767.3 million. Billionaire Cliff Asness’s AQR Capital Management was the company’s largest stakeholder with over 3 million shares.

Barclays maintained an Overweight rating on CF Industries Holdings, Inc. (NYSE:CF) in June with an $80 price target, presenting a neutral stance on the fertilizer sector.

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