Top 5 Stock Picks of Zweig-DiMenna Associates

2. Occidental Petroleum Corporation (NYSE:OXY)

Zweig-DiMenna Associates’ Stake Value: $20.081 million

Number of Hedge Fund Holders: 67

Occidental Petroleum Corporation (NYSE:OXY) is one of the many energy companies which has performed brilliantly in 2022, and is the best performing stock in Zweig-DiMenna’s portfolio, having gained 135% in 2022 YTD.

Occidental Petroleum Corporation (NYSE:OXY) has recently seen Warren Buffet’s Berkshire Hathaway increase its stake to 20% of the total outstanding shares of Occidental Petroleum Corporation (NYSE:OXY).

In its Q3 2021 investor letter, Smead Capital Management mentioned Occidental Petroleum Corporation (NYSE:OXY). Here is what it said:

“Oil stocks dominated our winners for the quarter. We showed that we have unlimited ability to tempt fate by buying into Occidental Petroleum (OXY) this year after it was our biggest loser of 2020. It gained 16.64% during the third quarter.”