Diamondback Energy (FANG) Jumped Amid War-Driven Favoritism

3 hours ago 2

Soumya Eswaran

Tue, May 26, 2026 astatine 7:18 AM CDT 3 min read

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 capitalist missive for its “Large Cap Strategy”. A transcript of the missive is disposable to download here. The Strategy declined 2.39% (net of fees), trailing the Russell 1000 Value Index’s 2.10%. The show was positively affected by banal enactment successful industrials and user discretionary, on with an underweight successful connection services. While banal enactment successful accusation technology, financials, and wellness attraction was the largest detractor from comparative performance. The warfare successful Iran is creating uncertainty successful markets. However, it efficaciously supported the portfolio’s absorption connected oil-sensitive exploration and accumulation companies. Technology companies are nether unit successful Q1 amid concerns astir AI's imaginable antagonistic effects connected their businesses, but their competitory advantages stay stronger than their existent valuations suggest. Despite these challenges, the marketplace is opening to grow into much charismatic opportunities, particularly successful antiaircraft sectors and cyclicals that bash not payment from AI. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Diamond Hill Capital Large Cap Strategy highlighted stocks similar Diamondback Energy, Inc. (NASDAQ:FANG). Diamondback Energy, Inc. (NASDAQ:FANG) is simply a starring lipid and earthy state institution that acquires, develops, explores, and produces unconventional, onshore lipid and earthy state reserves. On May 22, 2026, Diamondback Energy, Inc. (NASDAQ:FANG) closed astatine $200.71 per share. One-month instrumentality of Diamondback Energy, Inc. (NASDAQ:FANG) was 2.18%, and its shares gained 47.73% implicit the past 52 weeks. Diamondback Energy, Inc. (NASDAQ:FANG) has a marketplace capitalization of $56.46 billion.

Diamond Hill Capital Large Cap Strategy stated the pursuing regarding Diamondback Energy, Inc. (NASDAQ:FANG) successful its Q1 2026 capitalist letter:

"Exploration and accumulation companies ConocoPhillips and Diamondback Energy, Inc. (NASDAQ:FANG) saw shares emergence arsenic the crisp emergence successful lipid prices drove a wide rally crossed US-based lipid producers. As geopolitical tensions successful the Middle East tightened the proviso outlook, investors progressively rewarded US producers for their leverage to higher commodity prices, imaginable for outsized currency procreation and capableness for beardown superior returns."

Bernstein Reiterates Outperform connected Diamondback Energy (FANG) Amid Oil Supply Concerns

Diamondback Energy, Inc. (NASDAQ:FANG) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 46 hedge money portfolios held Diamondback Energy, Inc. (NASDAQ:FANG) astatine the extremity of the 4th quarter, up from 42 successful the erstwhile quarter. While we admit the imaginable of Diamondback Energy, Inc. (NASDAQ:FANG) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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