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CF Industries

710 hedge funds and large institutions have $13B invested in CF Industries in 2023 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 248 increasing their positions, 292 reducing their positions, and 156 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more call options, than puts

Call options by funds: $363M | Put options by funds: $279M

1.25% less ownership

Funds ownership: 93.16%91.91% (-1.3%)

10% less funds holding

Funds holding: 788710 (-78)

15% less repeat investments, than reductions

Existing positions increased: 248 | Existing positions reduced: 292

15% less capital invested

Capital invested by funds: $15.4B → $13B (-$2.35B)

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

44% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 156

Holders
710
Holders Change
-78
Holders Change %
-9.9%
% of All Funds
11.31%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.08%
New
87
Increased
248
Reduced
292
Closed
156
Calls
$363M
Puts
$279M
Net Calls
+$83.8M
Net Calls Change
+$172M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.88B +$57.4M +702,207 +3%
BlackRock
2
BlackRock
New York
$1.58B -$9.46M -115,762 -0.5%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$948M +$76.4M +934,946 +8%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$733M -$529M -6,473,345 -39%
State Street
5
State Street
Massachusetts
$656M -$22.6M -276,848 -3%
Invesco
6
Invesco
Georgia
$374M +$52.6M +643,112 +14%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$340M +$9.63M +117,827 +3%
Capital World Investors
8
Capital World Investors
California
$289M +$32.8M +401,116 +11%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$274M +$81.4M +995,975 +36%
Northern Trust
10
Northern Trust
Illinois
$262M +$29.1M +355,432 +11%
AQR Capital Management
11
AQR Capital Management
Connecticut
$223M +$95.4M +1,166,710 +60%
First Trust Advisors
12
First Trust Advisors
Illinois
$205M +$159M +1,947,268 +222%
Bank of America
13
Bank of America
North Carolina
$187M -$22.3M -273,203 -10%
Pacer Advisors
14
Pacer Advisors
Pennsylvania
$185M +$47.6M +581,772 +30%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$173M +$11.1M +136,351 +6%
Morgan Stanley
16
Morgan Stanley
New York
$148M -$161M -1,975,220 -49%
Millennium Management
17
Millennium Management
New York
$121M +$84.7M +1,036,381 +163%
William Blair Investment Management
18
William Blair Investment Management
Illinois
$120M +$9.73M +119,023 +8%
Deutsche Bank
19
Deutsche Bank
Germany
$114M +$45.4M +555,898 +54%
EC
20
Eminence Capital
New York
$112M +$72.2M +883,782 +133%
Norges Bank
21
Norges Bank
Norway
$109M -$30.5M -372,909 -20%
Renaissance Technologies
22
Renaissance Technologies
New York
$109M +$49.6M +607,200 +68%
EARNEST Partners
23
EARNEST Partners
Georgia
$108M +$6.08M +74,365 +5%
Ameriprise
24
Ameriprise
Minnesota
$100M +$8.31M +101,650 +8%
UBS AM
25
UBS AM
Illinois
$79.8M +$4.74M +57,974 +6%

CF Hedge Fund Activity: Q1 2023 in Review

710 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CF Industries (CF) for Q1 2023, worth a combined $13B — down 15% from $15.4B a quarter earlier.

Sellers outnumbered buyers: 156 funds closed out of CF and 87 opened new positions — a net loss of 69 holders — while 292 trimmed existing stakes and 248 added.

The largest buyer was First Trust Advisors, adding an estimated $159M. The largest seller was Fidelity Investments, cutting an estimated $529M.

  • 710 institutional investors held CF Industries (CF) as of Q1 2023, down from 788 in Q4 2022.
  • Funds reported $13B of CF Industries stock for Q1 2023, down 15% quarter-over-quarter.
  • 87 funds opened new CF Industries positions in Q1 2023 and 156 closed out, a net change of -69 holders.
  • The largest CF Industries buyer in Q1 2023 was First Trust Advisors, an estimated $159M added.
  • The largest CF Industries seller in Q1 2023 was Fidelity Investments, an estimated $529M sold.

Based on aggregated 13F filings for Q1 2023.