Potash Corp./Saskatchewan (USA) (POT): Jean-Marie Eveillard, Jim Simons, Daniel Bubis, Robert Bishop, Robert Bishop Betting on the Stock

Potash Corp./Saskatchewan (USA) (NYSE:POT) has experienced an increase in support from the world’s most elite money managers in recent months.

Writing about POT recent, SB Wire stated: “Potash Corp./Saskatchewan (USA)(NYSE:POT) ended higher +0.49% and complete the day at $33.02. The total number of shares changed hands during the day was 4.68million. After opening at $32.81, the stock hit as high as $33.17″Potash Corp./Saskatchewan (USA) (NYSE:POT)Now, it’s important to take a look at the key action regarding Potash Corp./Saskatchewan (USA) (NYSE:POT).

What have hedge funds been doing with Potash Corp./Saskatchewan (USA) (NYSE:POT)?

At the end of the third quarter, a total of 32 of the hedge funds Insider Monkey tracks were long in this stock, a change of 52 percent from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes meaningfully.

According to hedge fund experts at Insider Monkey, First Eagle Investment Management, managed by Jean-Marie Eveillard, holds the most valuable position in Potash Corp./Saskatchewan (USA) (NYSE:POT). First Eagle Investment Management has a $567.5 million position in the stock, comprising 1.6 percent of its 13F portfolio. Sitting at the No. 2 spot is Jim Simons of Renaissance Technologies, with a $93.9 million position; 0.2 percent of its 13F portfolio is allocated to the company. Remaining members of the smart money with similar optimism include Daniel Bubis’s Tetrem Capital Management, Robert Bishop’s Impala Asset Management and Ken Griffin’s Citadel Investment Group.

Consequently, some big names have been driving this bullishness. Impala Asset Management, managed by Robert Bishop, assembled the biggest position in Potash Corp./Saskatchewan (USA) (NYSE:POT). Impala Asset Management had 45.2 million invested in the company at the end of the quarter. Philippe Jabre’s Jabre Capital Partners also made a $23.5 million investment in the stock during the quarter. The following funds were also among the new POT investors: Malcolm Fairbairn’s Ascend Capital, Sander Gerber’s Hudson Bay Capital Management, and Alec Litowitz and Ross Laser’s Magnetar Capital.

Insider trading activity in Potash Corp./Saskatchewan (USA) (NYSE:POT)

Insider buying is most useful when the company in focus has experienced transactions within the past half-year. Over the last 180-day time frame, Potash Corp./Saskatchewan (USA) (NYSE:POT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Potash Corp./Saskatchewan (USA) (NYSE:POT). These stocks are CF Industries Holdings, Inc. (NYSE:CF), Agrium Inc. (USA) (NYSE:AGU), Monsanto Company (NYSE:MON), Mosaic Co (NYSE:MOS), and Syngenta AG (ADR) (NYSE:SYT). This group of stocks belong to the agricultural chemicals industry and their market caps are similar to POT’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
CF Industries Holdings, Inc. (NYSE:CF) 56 0 0
Agrium Inc. (USA) (NYSE:AGU) 21 0 0
Monsanto Company (NYSE:MON) 60 0 7
Mosaic Co (NYSE:MOS) 42 2 0
Syngenta AG (ADR) (NYSE:SYT) 12 0 0

Potash Corp./Saskatchewan (USA)(NYSE:POT) was the fourth most widely held agriculture chemicals industry equity among the hedge funds Insider Monkey tracks at the end of Q3.


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