Strive Asset Management Buys Major Stake in Halliburton

New investment firm takes 2% ownership in oilfield services giant

Mar. 3, 2026 at 8:31am

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Strive Asset Management LLC, a new investment firm, has purchased a significant stake in Halliburton Company (NYSE: HAL), one of the world's largest oilfield services providers. According to a recent SEC filing, Strive bought 17,021,859 shares of Halliburton stock, valued at approximately $418.7 million, making it the company's third-largest position and representing around 2% ownership.

Why it matters

Strive Asset Management's investment in Halliburton signals the firm's belief in the long-term prospects of the oilfield services industry, which has faced headwinds in recent years due to volatility in global energy markets. Halliburton is a bellwether company in the sector, and Strive's sizable stake could influence the company's strategic direction going forward.

The details

Strive Asset Management, founded in 2022, has quickly established itself as an activist investor, taking positions in companies it believes are undervalued and pushing for operational and governance changes. The firm's investment in Halliburton represents its largest position to date and reflects its conviction in the oilfield services company's potential for growth and value creation.

  • Strive Asset Management disclosed the new investment in Halliburton in a 13F filing with the SEC on March 3, 2026.

The players

Strive Asset Management LLC

A new investment firm founded in 2022 that has taken an activist approach to investing, seeking to unlock value in underperforming companies.

Halliburton Company

A global oilfield services company that provides a broad range of products and services to the energy industry, from exploration and drilling to production and abandonment.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Strive Asset Management's significant investment in Halliburton underscores the firm's belief in the long-term potential of the oilfield services industry, even as the sector has faced headwinds in recent years. This move could signal a shift in Halliburton's strategic direction as the company looks to capitalize on Strive's expertise and activist approach to unlock shareholder value.