For us retail investors, it pays to heed the advice of some superstar money managers. After all, they didn’t get to be billionaires — and in some cases multi-billionaires — by making a lot of poor investment decisions. Finding underfollowed values and contrarian bets are the keys to their long-term success. Those are traits that all investors should strive to follow.
And the best way for retail investors to find out what the smart money is doing is by looking at their recent 13F filings.
The form is a quarterly report that money managers with more than $100 million in equity holdings must fill out with the Securities & Exchange Commission (SEC). It’s incredibly valuable to the rest of us, as it provides a free glimpse into what the “smart money” names are buying and selling each quarter.
And it seems that the smart money has a penchant for energy stocks. For the latest quarter, superstar money managers dove heavily into the oil & natural gas sector. But what exact energy stocks were they buying?
Let’s take a look at some of the pros’ top energy stocks picks: