Hedge Funds Aggressively Buy Energy Stocks as Iran War Continues

Odaily According to a report released by data platform Hazeltree on Wednesday, as the Iran war entered its seventh week, hedge funds flooded into energy stocks, with long positions increasing by over 10% since February. Last weekend's US-Iran negotiations ended without a result, and the US Navy has blockaded Iranian port oil tankers. The energy sector has risen over 22% this year alongside oil prices.

The report stated that among the companies tracked by Hazeltree, 55% received long bets on energy stocks. Compared to February, 44% of asset management institutions saw their long holdings increase by over 10%. Morgan Stanley data also showed that for the week ending April 10th, the energy sector was the only sector in US stocks to receive net buying, with hedge funds increasing their long positions related to crude oil. (Jin10)