Top Energy Hedge Funds hold over $116 billion in Energy assets; Harvest Fund Advisors largest pure Energy investor

August 2nd, 2015
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The Top Energy Hedge Funds list has been released, revealing that the largest hedge fund investors in Energy companies manage more than $116 billion in energy assets. This quarter’s list is led by Citadel Investment Group which reported $8B in energy assets, representing 13% of its equity assets under management.

10 of the funds on this quarter’s list devoted more than 75% of their equity assets to Energy over Q1, including Astenbeck Capital Management (#56, 99% of assets invested in Energy) and Caymus Capital Partners (#82, 98%).

Astenbeck was formed in February 2010 by Andrew Hall and has a particularly concentrated equity portfolio with only 16 positions. Its top three holdings EOG Resources ($66M, ticker: EOG), ConocoPhillips ($46M, COP) and Anadarko Petroleum Corp ($45M, APC) comprise 35% of Astenbeck’s equity assets.

Caymus Capital Partners is similarly concentrated with only 19 securities held and is focused on the upstream oil and gas sub-sector of the energy market. Caymus’ top Energy holdings include: Cimarex Energy Co ($36M, XEC), Continental Resources ($35M, CLR) and Parsley Energy ($29M, PE).

The highest ranking “pure-Energy” investor is Harvest Fund Advisors LLC at #4. Harvest Fund is based in suburban Philadelphia and focuses on emergent opportunities in energy infrastructure master limited partnerships (MLPs) and US energy markets. Harvest invests through pooled investment vehicles and separately managed accounts, with the majority of its AUM coming from institutional investors including public pension plans, corporate plans, endowments, and foundations. Harvest Fund holds 70 securities, the majority of which are in Oil & Gas Pipelines. The most significant Energy holdings include: Enterprise Product Partners ($924M, EPD), Energy Transfer Equity ($601M, ETE) and Energy Transfer Partners ($486, ETP).

Hedge Tracker releases a series of top hedge fund lists on a quarterly basis. The Top 100 Energy Hedge Funds list is based on the top hedge funds investing in the Energy sector, ranked by their U.S. Energy equity assets under management. To view the Top Energy Hedge Fund list in its entirety, please visit the Top Hedge Fund List ranking portal.
For Detailed Investor Profiles on these Investors, click below:
Astenbeck Capital Management
Icahn Associates (Carl Icahn)
Related People: Alexander J. Denner; Andrew Hall; Brett Icahn; Carl Icahn; Keith A. Meister*
Related Entities: Astenbeck Holdings LLC; Citigroup*; Occidental Petroleum Corporation; Phibro Commodoties Fund*; Phibro LLC; Phibro Oil Fund*; Astenbeck Commodities Fund II LP; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP
Related Article Tags: Investment Management, Fund Manager and General Financial News


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