London-based Decagon Asset Management purchased 137,732 shares of Chart Industries in the third quarter, increasing their U.S. equity exposure by $27.57 million. This stake is now the fund’s second-largest holding by reported U.S. equity AUM. The company manufactures engineered equipment for energy and industrial gas sectors, generating revenue through equipment sales and services. Chart Industries recently reported third-quarter orders of $1.68 billion, with backlog reaching $6.05 billion, showcasing strong performance. The fund’s portfolio leans towards capital-intensive infrastructure assets, and Chart Industries presents a compelling long-term investment opportunity.

Read more at Nasdaq: Chart Industries Drew a New $27 Million Bet Amid Record Orders and a $210 Per Share Buyout Deal