Billionaires also backed Cheniere Energy, Inc. (NYSEMKT:LNG) during the first quarter and as of the end of March, 11 funds disclosed holding 4.10 billion worth of the company’s stock. However, it is important to mention that out of the aggregate amount of capital invested, two positions stand out in terms of value. Andreas Halvorsen‘s Viking Global and Seth Klarman’s Baupost Group disclosed holding 15.45 million shares and 13.81 million shares, respectively, the value of their stakes amounting to $1.20 billion and $1.07 billion. Moreover, Viking boosted its holding by 56% during the first quarter and has been piling money into the stock since the third quarter of 2014, when it initiated the position with 5.45 million shares. Things become even more interesting if we take into account that Cheniere Energy, Inc. (NYSEMKT:LNG) has not reported any profits for the last five years and has a price/sales ratio that is ridiculously high in comparison with the industry average. Therefore, investors are probably betting for the future of the company, expecting that Cheniere Energy, Inc. (NYSEMKT:LNG) will start generating profits once it completes its Corpus Christi liquefied natural gas (LNG) export project, alongside its Sabine Pass LNG export plant, which is expected to be operational by the end of this year.
On the third spot is Anadarko Petroleum Corporation (NYSE:APC), in which also 11 billionaire investors reported holding in aggregate $1.53 billion worth of stock, down from $1.63 billion a quarter earlier. Anadarko’s stock inched up by less than 5% since the beginning of the year, which is the smallest gain among three most popular energy stocks among billionaires. Nevertheless, it outperformed the Oil & Gas E&P industry, which has posted gains of around 2.50% year-to-date. For the first quarter, the company posted a loss of $0.72 per share on $2.32 billion in revenue, versus expectations of a loss of $0.65 per share on revenue of $2.45 billion. However, since Anadarko Petroleum Corporation (NYSE:APC) is one of the top players in the E&P industry, it is expected to have the financial strength to go through the lowest part of the commodity cycle, following which it will emerge better than many of its peers. Therefore, investors have something to look forward to. So far, billionaires Ken Griffin of Citadel Investment Group and Paul Singer of Elliott Management are among the largest shareholders of Anadarko Petroleum Corporation (NYSE:APC) from our database with 5.27 million shares and 4.25 million shares respectively. However, in Citadel’s equity portfolio the $436 million stake amasses around 0.50% of the total value, while Elliott holds more than 4.30% invested in the stock.
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