Artisan Partners Boosts Stake in Diamondback Energy

Institutional investor increases position in oil and gas company by 2.6% in Q3

Published on Feb. 28, 2026

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Artisan Partners Limited Partnership increased its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 2.6% in the third quarter, according to a recent SEC filing. The institutional investor now owns 727,302 shares of the oil and natural gas company's stock, worth approximately $104 million.

Why it matters

Diamondback Energy is a major player in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The increase in Artisan Partners' stake suggests the firm sees long-term value in Diamondback's operations and growth prospects.

The details

According to the filing, Artisan Partners acquired an additional 18,533 shares of Diamondback Energy during the third quarter, bringing its total ownership to about 0.25% of the company's outstanding stock. Diamondback Energy is an independent oil and gas company focused on development, exploration and production of unconventional resources in the Permian Basin.

  • Artisan Partners increased its stake in Diamondback Energy in the third quarter of 2026.

The players

Artisan Partners Limited Partnership

An institutional investment management firm that increased its stake in Diamondback Energy.

Diamondback Energy, Inc.

An independent oil and natural gas company focused on the Permian Basin.

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The takeaway

The increase in Artisan Partners' stake in Diamondback Energy suggests the firm sees long-term value in the company's Permian Basin operations and growth prospects, underscoring the continued importance of the region to the U.S. oil and gas industry.