What smart money is saying about CF Industries
1 fund in our archive has pitched CF Industries — most recently Middle Coast Investing Equity Portfolios in September 2026.
CF Industries Holdings, Inc. is a global producer and distributor of hydrogen and nitrogen-based products. These essential chemicals serve a variety of purposes worldwide, including energy generation, agricultural fertilization, environmental emissions reduction, and numerous other industrial applications. The company's core product lineup features vital nitrogen compounds such as anhydrous ammonia, granular urea, urea ammonium nitrate (UAN), and different forms of ammonium nitrate. In addition to these primary offerings, CF Industries also provides specialized chemicals like diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia, alongside complex fertilizers containing nitrogen, phosphorus, and potassium. Its diverse customer base includes agricultural cooperatives, independent fertilizer distributors, commodity traders, wholesalers, and a wide array of industrial end-users. Founded in 1946, the firm is headquartered in Deerfield, Illinois.
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Fund signal · last 12 months
6 lettersToo few moves on CF Industries yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 6 fund letters reported a position in CF Industries, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 1 |
| Q2 2026 | 1 | 1 | 0 | 0 |
| Q1 2026 | 4 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 4 moves
- New positionMiddle Coast Investing Equity PortfoliosSeptember 2026
“CF Industries (CF) CF Industries is a U.S. based fertilizer producer, especially of nitrogen-based fertilizer and ammonia. This is relevant because the Strait of Hormuz blockage has bottled up a lot of nitrogen supply. This is a rare case where we are explicitly rooting against a stock we own. The conditions that would lower CF’s share price would on the whole be good for our portfolio. But, CF has proven to have better competitive position thanks to its access to cheap natural gas, is raking in a lot of cash to help fund its pending expansion project, and even at the price we paid ($120/share), it trades at about 7x their target mid-cycle EBITDA. My aim is to build a starter position at an average price around $110/share, but I felt the insurance for our portfolio against continued Hormuz hold-ups was worth paying for now.”
CF Industries - New positionClearBridge Investments Value StrategyJune 2026
“Meanwhile, we sold Eastman Chemical, which funded a new position in CF Industries.”
CF Industries - March 2026
Listed in Brown Advisory Global Sustainable Total Return Bond Fund’s reported holdings.
CF Industries Listed in Brown Advisory Global Sustainable Total Return Bond Fund (GBP)’s reported holdings.
CF Industries- ExitedCambiar SMID FundMarch 2026
“Additional commodities impacted by the Strait of Hormuz closure are nitrogen fertilizers, as approximately 60% of global demand is sourced from the region. Cambiar holding CF Industries is a US-based producer of various ammonia and nitrogen fertilizers; the company benefits from lower feedstock inputs (e.g., natural gas) and higher global average selling prices, resulting in elevated profits/cashflow. Similar to oil prices, we anticipate that fertilizer prices will come down once the Strait reopens; with the stock up over 58% in the quarter, we closed out our position.”
CF Industries - ExitedCambiar Smid Cap fundMarch 2026
“Additional commodities impacted by the Strait of Hormuz closure are nitrogen fertilizers, as approximately 60% of global demand is sourced from the region. Cambiar holding CF Industries is a US-based producer of various ammonia and nitrogen fertilizers; the company benefits from lower feedstock inputs (e.g., natural gas) and higher global average selling prices, resulting in elevated profits/cashflow. Similar to oil prices, we anticipate that fertilizer prices will come down once the Strait reopens; with the stock up over 58% in the quarter, we closed out our position.”
CF Industries
Fund coverage · 1 thesis
- Middle Coast Investing Equity PortfoliosSeptember 2026
CF Industries is a nitrogen fertilizer producer with a cost advantage from cheap natural gas and attractive valuation, used partly as a portfolio hedge.
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