From Forbes:
The fall of oil and gas prices has taken a toll on energy stocks, but top hedge fund billionaires don’t seem to be worried.
As crude oil prices dropped 11.7% in 2015, energy stocks have become less expensive along the way. The S&P 500 energy stocks have fallen 5.3% this year. That makes the sector more attractive to hedge fund managers, as they cut back stakes in technology and healthcare in the first quarter.