Hedge Funds Rush To Energy
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Per the 13F round up, major hedge funds are flocking to energy, where generalists go to die.
No doubt, Kinder Morgan (KMI) has been the biggest winner from 13Fs, with David Tepper and Warren Buffett taking new stakes in 4Q 2015.
Tepper also found himself buying up other energy plays, from E&Ps to gas plays - buying the likes of Range Resources (RRC), Cabot Oil (COG) and Southwestern Energy (WSN).
Barry Rosenstein's Jana Partners, not to be outdone, bought up shares of Williams Companies and Targa Resources, as well as E&P companies Whiting Petroleum (WLL) and Oasis Petroleum (OAS). This comes as John Paulson was heading for the exits (much like he was with gold), dumping Oasis and Whiting.