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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Eric Bramble who wrote (72330)	2/15/2023 12:41:45 AM
From: bruwin	Respond to of 78651

" ... the talking heads at the WEF said we were supposed to be decarbonizing" Yes, indeed .... the same talking heads who, among them, carried out several hundred Private Jet flights in and out of DAVOS, with some of those flights less than 50 kms ...... sounds a trifle hypocritical to me .....

To: Eric Bramble who wrote (72330)	2/15/2023 1:24:47 AM
From: Paul Senior	1 Recommendation Recommended By E_K_S Read Replies (2) \| Respond to of 78651

Energy. Let's look at the 33 fund managers who released their 13F forms today to see how much energy-related stocks they like. I'm just going to look at their top ten holdings. (Some of these managers don't have even 10 total positions, while some have 50 or more.) I see this: 1 XOM (one manager, Semper Augustus) + 1 VLO (refining) 1 SWX 1 CVR + 1 OXY (Icahn) 1 CEG ("utility-renewables"; a 15% holding) + ET + EQT (= about 30% of Tepper portfolio) CVX + OXY (Buffett) 1OVV + 1 ET ( = 9% of Bill Miller portfolio) GEO (I'll include Burry, but GEO not an e&p company) SGU (refiner) + HRNG (4% position in coal!!) Of the 33 managers, we already know Buffett and Icahn have substantial positions in oil/gas. I only find one manager, David Tepper, with a substantial commitment to renewables. Only one manager of the 33 even has a small top-10 position in coal. I don't see any nuclear. Okay, that's just latest filings. We can find that other managers hold O&G positions, e.g. First Eagle with 4% of portfolio ($1.5B) in XOM. I note Einhorn had an 8% in coal (CEIX) in his last filing. So not a complete picture. Does give some indication though about how strongly or not that fund managers see O&G, coal, nuclear and energy stocks in general in their latest reports.