Jacob Rothschild Stock Portfolio: 5 Top Stock Picks

3. Canadian Pacific Kansas City Limited (NYSE:CP)

Number of Hedge Fund Holders: 52   

Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway. Latest data shows that RIT Capital Partners owned 576,000 shares of Canadian Pacific Kansas City Limited (NYSE:CP) at the end of the third quarter of 2023 worth $42.8 million, representing 10.7% of the portfolio. 

On September 12, investment advisory Argus maintained a Buy rating on Canadian Pacific Kansas City Limited (NYSE:CP) stock and lowered the price target to $84 from $92. 

At the end of the second quarter of 2023, 52 hedge funds in the database of Insider Monkey held stakes worth $8.1 billion in Canadian Pacific Kansas City Limited (NYSE:CP), compared to 48 in the preceding quarter worth $7.7 billion. 

In its first half 2023 investor letter, Pershing Square Holdings, an asset management firm, highlighted a few stocks and Canadian Pacific Kansas City Limited (NYSE:CP) was one of them. Here is what the fund said:

“Canadian Pacific Kansas City Limited (NYSE:CP) is a high-quality business with significant earnings growth potential that operates in an oligopolistic industry with considerable barriers to entry and significant pricing power due to its high quality competitive transportation offering. After receiving regulatory approval from the Surface Transportation Board on March 15, Canadian Pacific closed the acquisition of Kansas City Southern on April 14th and renamed the combined company Canadian Pacific Kansas City.

CPKC is a high-quality business with significant earnings growth potential that operates in an oligopolistic industry with considerable barriers to entry and significant pricing power due to its high quality competitive transportation offering. After receiving regulatory approval from the Surface Transportation Board on March 15, Canadian Pacific closed the acquisition of Kansas City Southern on April 14th and renamed the combined company Canadian Pacific Kansas City. …” (Click here to read the full text)