With the ongoing Iran war, hedge funds are aggressively buying energy stocks

Golden Ten Data reported on April 15th that, according to a report released by data platform Hazeltree on Wednesday, as the Iran war enters its seventh week, hedge funds have flocked to energy stocks, with long positions increasing by more than 10% since February. Last weekend's U.S.-Iran negotiations ended without results, and the U.S. Navy has since blocked Iranian port oil tankers. This year, the energy sector has risen more than 22% alongside oil prices. The report states that 55% of companies tracked by Hazeltree hold long positions in energy stocks. The data covers 600 asset management institutions and 16,000 global stocks. Compared to February, 44% of asset managers have increased the number of their long holdings by more than 10%. Data from Morgan Stanley also shows that for the week ending April 10th, the energy sector was the only U.S. stock sector to see net inflows, with hedge funds increasing their long positions related to crude oil.