3. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is a Brazilian oil and gas exploration company, and lands third on the billionaires list, despite coming in at just 29th among all funds. However, like Pioneer, Petroleo was one of the few energy stocks to see an increase in fund ownership last quarter, a very slight gain of 0.2% to 5.2%, despite the firm being embroiled in a corruption scandal in its home country, which has led to two of its executives being charged. Petroleo Brasileiro Petrobas recently announced that it may be forced to sell assets and delay dividend payments as a result of the credit crunch facing the company due to the scandal. Jim Simons has been extremely bullish on Petroleo despite that, massively increasing his position last quarter, while Howard Marks and Ken Fisher are other billionaire investors sticking with it.
2. Devon Energy Corp (NYSE:DVN) lands in second among billionaires, while it landed at eighth among all hedge funds. Nine billionaires are invested in the Oklahoma-based oil and gas producer, including George Soros, who opened a new position on it in the fourth quarter. Devon is another energy stock that braved 2014, quite well, losing less than a percentage point in value, and has gained nearly 4% year-to-date. Ken Griffin and Isreal Englander are two other major billionaire shareholders of Devon.
1. Anadarko Petroleum Corporation (NYSE:APC) is the only energy company in which both billionaires and hedge funds collectively can agree on; they both have it number one. Nearly 20% of billionaires are invested in Anadarko, while it also had by far the largest ownership of any energy stock among all funds collectively, at 11.8%; that despite a steep drop from 16.2% ownership at the end of the third quarter, which landed it as the ninth most popular stock overall at the time. Anadarko shares have continued to slide since then, down over 15% since the start of the fourth quarter, but up 3.33% year-to-date. Ken Griffin, Paul Singer, and Adage Capital Management’s Phill Gross and Robert Atchinson are among the billionaire believers in Anadarko.