Citadel Stock Holdings: 5 Biggest Energy Stocks

In this piece, we will take a look at Citadel Investment’s latest stock holdings and the top five energy stocks in its portfolio. To learn about Ken Griffin’s latest thoughts and the broader energy industry, check out Citadel Stock Holdings: 12 Biggest Energy Stocks.

5. Pioneer Natural Resources Company (NYSE:PXD)

Citadel Investment’s Q3 2023 Investment: $206 million

Pioneer Natural Resources Company (NYSE:PXD) is a small Texan oil, natural gas, and natural gas exploration and production company. It is currently creating quite a bit of hype in the finance industry since it is part of petro giant Exxon Mobil’s $70 billion spending spree to expand its energy production resources.

As of June 2023, 54 out of the 910 hedge funds profiled by Insider Monkey were Pioneer Natural Resources Company (NYSE:PXD)’s shareholders. Israel Englander’s Millennium Management owned the biggest stake in Q3 2023, which was worth $353 million and came via 1.5 million shares.

4. EQT Corporation (NYSE:EQT)

Citadel Investment’s Q3 2023 Investment: $235 million

EQT Corporation (NYSE:EQT) is a natural gas production company with trillions of cubic feet of natural gas resources in its portfolio. Along with being one of Citadel Investment’s top energy stock picks in Q3, the firm was also on the radar of Jim Simons’ Renaissance Technologies during the quarter.

In the previous quarter, 51 out of the 910 hedge funds part of Insider Monkey’s database had bought the firm’s shares. EQT Corporation (NYSE:EQT) ‘s largest hedge fund investor is Ken Griffin’s Citadel Investment Group as it owns 5.7 million shares that are worth $235 million.

3. Chevron Corporation (NYSE:CVX)

Citadel Investment’s Q3 2023 Investment: $243 million

Chevron Corporation (NYSE:CVX) is one of the biggest oil companies in the world. These days, while peer Exxon Mobil scoops up companies, Chevron Corporation (NYSE:CVX) is divesting some of its assets in Texas.

Insider Monkey dug through 910 hedge fund portfolios for their shareholdings during this year’s June quarter to find that 73 had invested in Chevron Corporation (NYSE:CVX). In the subsequent quarter, Warren Buffett’s Berkshire Hathaway was the biggest stakeholder as it held a $18.5 billion stake.

2. PG&E Corporation (NYSE:PCG)

Citadel Investment’s Q3 2023 Investment: $295 million

PG&E Corporation (NYSE:PCG) is a utility company headquartered in California. The firm’s shares are rated Buy on average and analysts have set an average share price target of $18.58.

By the end of this year’s second quarter, 51 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. PG&E Corporation (NYSE:PCG)’s largest hedge fund investor in Q3 2023 was Dan Loeb’s Third Point through its $917 million investment.

1. BP p.l.c. (NYSE:BP)

Citadel Investment’s Q3 2023 Investment: $304 million

BP p.l.c. (NYSE:BP) marks a strong conclusion to our list of the best Ken Griffin energy stocks. It is a British energy company, which is the ninth biggest energy company in the world in terms of revenue courtesy of its $227 billion in trailing twelve month revenue as of September 2023.

During Q2 2023, 36 out of the 910 hedge funds part of Insider Monkey’s database had invested in BP p.l.c. (NYSE:BP). In the following quarter, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the biggest stakeholder as it owned $824 million worth of shares.

Disclosure: None. You can also take a look at 12 Cheap High Dividend Stocks To Buy Right Now and 20 Countries With The Largest Natural Gas Reserves in 2023.

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