Diamondback Energy Inc (FANG), Rhino Resource Partners, L.P. (RNO) and Sanchez Energy Corp (SN): Charles Davidson and Wexford Capital’s Top 3 Stock Picks For Q2

Charles Davidson, the manager of Wexford Capital, sees the energy sector as a great investment, having three energy companies as his fund’s top positions. Wexford Capital’s equity portfolio has an estimated market value of $1.34 billion, slightly up from $1.31 billion at the end of the first quarter of 2014. Energy companies account for approximately 66% of the fund’s portfolio, while Materials sector comes second with 7.9%. In this article we will take a look at Davidson’s top 3 stock picks, which include a newcomer - Sanchez Energy Corp (NYSE:SN).

Diamondback Energy

Diamondback Energy Inc (NASDAQ:FANG) continues to be Wexford Capital’s biggest investment, although Davidson has chosen to reduce its stake by 13% during the second quarter. As reported in the latest 13F filing, Wexford holds 8.63 million shares valued at $766 million. Still, the investment in Diamondback Energy Inc (NASDAQ:FANG) accounts for more than half of the fund’s equity portfolio. Ken Griffin is still optimistic about the prospects of this company, having increased his fund’s stake by 75% during the same period of time. Griffin’s Citadel Investment Group reportedly holds 1.02 million shares worth in excess of $91 million.

Wexford’s stake in Rhino Resource Partners, L.P. (NYSE:RNO) has been slightly increased, by 1%, during the second quarter. As a result, the fund now holds 6.63 million shares of the coal company, which are valued at $93.3 million. So far this year, the stock has trended higher and has advanced 17% to a current price of $13.6 per share. Jon Bauer of Contrarian Capital is also a fan of Rhino Resource Partners, L.P. (NYSE:RNO) and has boosted his fund’s investment in the stock by 27% during the quarter. In its latest 13F filing, Contrarian Capital has disclosed ownership of approximately 414,000 shares worth $5.82 million.

A new entrant that shot up straight into the top 3 holdings of Wexford Capital is Sanchez Energy Corp (NYSE:SN), an independent exploration and production company. During the second quarter, Charles Davidson has built a position that amasses about 797,700 shares, worth just under $30 million. Crispin Odey, on the other hand, has chosen to reduce his fund’s stake in the company by 7% during the same period of time. His fund, Odey Asset Management Group, reportedly holds 2.25 million Sanchez Energy Corp (NYSE:SN) shares, which are valued at $84.7 million

Disclosure: none.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!