Icahn’s quarterly 13F filing showed that he increased his stake in RIG by about 1.3 million shares from the end of the previous quarter. Those extra purchases boosted his overall stake in the deepwater offshore driller to nearly 21.5 million shares, or 6% of the total.
That’s what makes 13Fs — the quarterly report that money managers with over $100 million in equity holdings must fill out — valuable to the rest of us: They provide a free glimpse into what the “smart money” names are buying and selling each quarter.
And last quarter, Carl Icahn wasn’t the only successful money manager name betting on the energy sector. Instead, a lot of other top hedge fund managers were buying into energy stocks as well.
Let’s take a look at some of the top picks.