Gotham Asset Management 13F: Adds $8.8M to CF Stake
Gotham Asset Management raised its holdings in CF Industries by 81,151 shares, reflecting a 13% increase.
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Gotham Asset Management added 81,151 shares to its stake in CF Industries Holdings, Inc. ($CF), a 13.31% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 690,816 shares worth $74.79 million at the end of the quarter.
Since the filing, $CF is down 2.8% after 1 week, down 14.7% after 1 month and down 3.0% to date (from the $124.60 close on May 15, 2026).
Find the original: Gotham Asset Management 13F filings on SEC EDGAR
CF
CF Industries Holdings, Inc.
Key Points
- Gotham Asset Management increased its stake in CF Industries by 81,151 shares, bringing its total to 690,816 shares valued at $73.6 million.
- CF Industries, trading at $106.56, has a market cap of $16.8 billion, a P/E ratio of 9.86, and a dividend yield of 1.88%.
- Insider buying activity includes EVP and CFO Andrew Scribner acquiring 6,464 shares, while analysts maintain a 'hold' consensus with a target price of $127.63.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CF Industries Holdings, Inc. alert may contain errors. Disclosures
Gotham Asset Management has increased its stake in CF Industries Holdings, Inc. (NYSE: CF) by 81,151 shares, according to its latest SEC filing. This move boosts its total holdings to 690,816 shares, reflecting a 13% increase. The shares are valued at approximately $73.6 million as of the filing.
What Changed in Gotham Asset Management's CF Industries Position
Gotham Asset Management added 81,151 shares to its position in CF Industries, bringing its total to 690,816 shares. This represents a 13% increase from the previous 609,665 shares. The value of this position is now about $73.6 million.
Other Institutional Activity in CF Industries
In other institutional activity, BlackRock, Inc. slightly reduced its holdings by 76,197 shares, ending with 12,191,733 shares worth $1.58 billion. Vanguard Capital Management LLC added 10,051,527 shares, resulting in a total of 10,051,527 shares valued at approximately $1.31 billion. State Street Corp increased its position by 38,638 shares, holding 7,887,744 shares valued at $1.02 billion. Price T Rowe Associates Inc. /MD/ grew its stake by 604,753 shares to 7,526,789, valued at about $977 million. Geode Capital Management, LLC made a significant addition of 890,983 shares, totaling 5,178,962 shares worth $715.7 million.
CF Industries Holdings, Inc. Stock Down 9.4%
Shares of CF Industries (NYSE: CF) traded near $106.56. The company has a market cap of $16.8 billion, a P/E ratio of 9.86, and a forward P/E of 9.46, indicating relatively low valuation compared to earnings. Its beta is 0.38, suggesting less volatility than the broader market. The stock's 52-week range is between $75.42 and $141.96, with a 50-day moving average of $120.85 and a 200-day moving average of $98.44. The company's current ratio is 3.54, and its quick ratio is 2.92, reflecting strong liquidity.
Recent Earnings
For its most recent quarter, CF Industries reported revenue of $7.41 billion, with a revenue growth of 19.4%. The company achieved a net margin of 23.7% and a return on equity of 27.3%. Earnings per share stood at $11.10. The next earnings release is expected on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.2%. Revenue beat estimates by 5.6%.
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Profit surprise
EBITDA beat by 37 percent. Operating income beat by 50 percent.
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Pre-earnings setup
Bar was low, analysts cautious going in.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin down 3.1 points. Operating margin down 3.4 points. Positive free cash flow.
Earnings Call Summary
The quarter beat expectations with revenue of $1.99 billion versus $1.88 billion consensus, and earnings of $2.89 per share versus $2.43 expected. The company ran plants at nearly 100 percent capacity and benefited from tight global nitrogen supply caused by conflict in Iran closing the Strait of Hormuz, which knocked 31 ammonia plants offline in the Middle East. Management emphasized that North America now represents premium, low-risk nitrogen assets compared to fragile overseas capacity exposed to geopolitical risk. Free cash flow was $1.65 billion trailing twelve months.
Guidance Management did not provide numerical guidance for full year or next quarter. They noted nitrogen markets will remain tight through 2026 into 2027 due to Middle East disruptions, and they expect higher prices and mid-cycle economics to persist. They plan about $1.3 billion in capital spending for 2026, with $400 million toward the Blue Point ammonia plant starting construction this year.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
CF Industries pays an annual dividend of $2.00 per share, offering a yield of 1.88%. The dividend payout ratio is 18%, indicating a conservative approach to distributing profits.
Insider Buying and Selling at CF Industries Holdings, Inc.
Recent insider activity at CF Industries includes several purchases. On May 26, 2026, EVP and CFO Andrew Scribner acquired 6,464 shares. Earlier, on April 28, 2026, insiders Theresa Wagler, John Eaves, Celso White, Robert Arzbaecher, and SVP Trevor Leigh Williams each bought 1,390 shares.
Analysts Set New Price Targets
On June 3, 2026, JP Morgan maintained a 'hold' rating on CF Industries with a price target of $115. Scotiabank also kept a 'hold' rating on May 11, 2026, with a $120 target. CIBC maintained its 'hold' stance on April 30, 2026, setting a target of $128. Barclays reiterated a 'buy' rating on April 27, 2026, with a $145 target. The consensus among analysts is a 'hold' rating, with an average price target of $127.63 based on 19 opinions.
About CF Industries
CF Industries Holdings, Inc., headquartered in Northbrook, Illinois, is a leading producer of ammonia and other nitrogen products. The company serves a wide range of customers, including cooperatives, retailers, and industrial users. With a workforce of around 2,900 employees, CF Industries operates globally, providing essential agricultural inputs. Mr. Christopher D. Bohn leads the company as CEO.
Bottom Line
Gotham Asset Management's recent boost in its stake in CF Industries reflects its confidence in the company's performance. Investors track such filings to gauge institutional sentiment, though it's important to remember that these 13F filings are backward-looking and may not represent current positions. CF Industries remains a key player in the agricultural inputs sector, with steady performance and strategic insider activities.
Related Filing Alerts
Source: Gotham Asset Management's 13F filing on $CF (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Gotham Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts