Most Popular Energy Stocks Among Hedge Funds ~ Sunedison Inc (SUNE), Cheniere Energy, Inc. (LNG), More

Although a popular energy company among hedge funds, Anadarko Petroleum Corporation (NYSE:APC) saw a decrease in interest as 73 firms had $4.46 billion worth of investment in the company as compared to 87 funds with $5.61 billion in the previous quarter. While Ken Griffin‘s Citadel Investment Group increased its stake in Anadarko Petroleum Corporation (NYSE:APC) by 7% in the first quarter to 5.27 million shares, Paul Singer’s Elliott Management trimmed its holding by 8% to 4.25 million shares. A collapse in energy prices led Anadarko Petroleum Corporation (NYSE:APC) to miss the estimates for both its top and bottom line for the first quarter. However, quarterly production hit a record high with an average volume of 920 boe/day as compared to 789 boe/day in the year-ago period.

Macquarie Infrastructure Company LLC (NYSE:MIC) occupied the fourth spot as it was found in the portfolios of 70 hedge funds, who had $2.30 billion in total investment, up from 64 funds with $2.01 billion invested at the end of 2014. Richard McGuire’s Marcato Capital Management held 3.53 million shares valued at $290.66 million at the end of March. Macquarie Infrastructure Company LLC (NYSE:MIC)’s stock has appreciated by nearly 20% year-to-date.

Lastly, Baker Hughes Incorporated (NYSE:BHI) saw a slight increase in popularity among hedge funds to 9.2% as compared with 8.8% in the previous quarter, with investments rising to $4.24 billion from 67 hedge funds an increase from the $3.71 billion invested by 65 funds at the end of last year. Baker Hughes Incorporated (NYSE:BHI)’s stock is up by about 16.9% year-to-date. Following the acceptance of Halliburton Company (NYSE:HAL)’s $35 billion bid for Baker Hughes by the shareholders of both companies, Halliburton is proceeding with divesting assets to satisfy antitrust concerns. The first round involves a divesture of $3.5 billion of assets. Among the funds that we track, Jeffrey Ubben’s ValueAct Capital is the largest shareholder of Baker Hughes Incorporated (NYSE:BHI) with 23.25 million shares.

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