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ETFs For Hedge Funds' Favorite Energy Stocks

Benzinga.com
0 Comments| August 17, 2015

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It looks a daring bet at this point, but some well-known hedge funds see value in select energy stocks. Investors that want to participate in a potential energy sector rebound can gain access to several energy names being snatched up by hedge funds via exchange traded funds.

Williams Companies Inc (NYSE: WMB) and Pioneer Natural Resources (NYSE: PXD) are among the energy names being embraced by hedge funds.

“Seth Klarman of Baupost Group bought 898,063 shares in Texas shale explorer Pioneer during the second quarter while Richard Perry’s firm added 6.26 million shares of Williams, according to regulatory filings,” Bloomberg reported.

Several other hedge funds added shares of Williams, a potential takeover target, and Pioneer during the second quarter. Oklahoma-based Williams is the eighth-largest holding in the Energy Select Sector SPDR (NYSE: XLE), the larges equity-based energy ETF, at 3.5 percent of the fund's weight. ...

/www.benzinga.com/trading-ideas/long-ideas/15/08/5769155/etfs-for-hedge-funds-favorite-energy-stocks alt=ETFs For Hedge Funds' Favorite Energy Stocks>Full story available on Benzinga.com

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