Agrium ( AGU). This company featured in 18 hedge fund portfolios at the end of the third quarter, down from 21 at the end of the second quarter. Total hedge fund investment in AGU also decreased, going from $410.75 million at the end of June to $252.43 million at the end of September. Richard Chilton's Chilton Investment Company is a fan of the company, as is Daniel Bubis' Tetrem Capital Management .

Intrepid Potash ( IPI). The number of hedge funds invested in IPI did not change in the third quarter but the total volume of hedge fund investment did decrease. It moved from $248.33 million spread across 11 funds at the end of June to $167.22 million across 11 funds at the end of September. IPI is a strong pick for Chuck Royce's Royce & Associates .

Scotts Miracle-Gro ( SMG). There were 5 hedge funds invested in SMG at the end of the third quarter, down from 11 at the end of the second quarter. Total hedge fund investment in the company did decline by nearly as much. Instead, it moved from $156.42 million at the end of June to $109.53 million at the end of September. SMG is a favorite of Ken Fisher's Fisher Asset Management.

>>To see these stocks in action, visit the 7 Fertilizer Stocks Hedge Funds Love portfolio on Stockpickr.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

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