Rafferty Asset Management Increases Diamondback Energy Holdings

Investment firm adds nearly 5,000 shares to its position in the oil and gas company.

Published on Mar. 3, 2026

Got story updates? Submit your updates here. ›

Rafferty Asset Management LLC increased its holdings in Diamondback Energy, Inc. (NASDAQ:FANG) by 3.2% during the third quarter, according to a recent 13F filing. The institutional investor now owns 158,969 shares of the oil and natural gas company's stock, worth $22.7 million. Other hedge funds have also been buying and selling Diamondback Energy shares in recent quarters.

Why it matters

Diamondback Energy is a major independent oil and gas producer focused on the Permian Basin. Tracking institutional investor activity in the company's stock can provide insights into market sentiment and future performance expectations.

The details

Rafferty Asset Management added 4,959 shares of Diamondback Energy to its portfolio in the third quarter, bringing its total holdings to 158,969 shares. The investment firm's position is now worth $22.7 million. Other hedge funds have also been active in Diamondback Energy, with some increasing and others decreasing their stakes in recent quarters.

  • Rafferty Asset Management reported its increased Diamondback Energy holdings in a 13F filing for the third quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that has increased its holdings in Diamondback Energy, Inc.

Diamondback Energy, Inc.

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

Got photos? Submit your photos here. ›

The takeaway

Rafferty Asset Management's increased stake in Diamondback Energy suggests the investment firm sees continued growth potential in the oil and gas producer. Tracking institutional investor activity can provide insights into market sentiment around a company's prospects.