Hedge Funds Buy Most Global Energy Stocks in Almost 4 Years, Reversing Deep Underweight

Hedge funds bought the most global energy stocks in almost four years last week, marking their 12th weekly purchase over the last 13 weeks, according to the source.
As a result, hedge funds are now the most overweight energy relative to global stocks since June 2024, a sharp reversal from their most underweight positioning since 2021, recorded in February 2026. The only period with materially larger energy exposure was during the 2022 energy bull market.