Kayne Anderson Capital and Harvest Fund Advisors lead Top Commodities Hedge Funds List

July 17th, 2013
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The Top 50 Commodities Focused Hedge Fund list has been released, revealing that the top funds now oversee $36.9 billion in equity assets. The Top Commodities Hedge Fund List is led by Kayne Anderson Capital Advisors, and Harvest Fund Advisors.

Richard Kayne’s Kayne Anderson Capital reported nearly $3 billion in equity assets, allocating 99.6% to commodity related stocks. The firm primarily specializes in energy investments, which accounted for 92% of its equity investments. Kayne Anderson Capital is the general partner and investment adviser for over twenty investment partnerships, hedge funds, and closed-end funds.

At number 2 on the Top Commodities Fund List, David Martinelli’s Harvest Fund Advisors had 96% of its portfolio invested in energy related stocks. Harvest Fund, which is headquartered just outside of Philadelphia in Wayne, specializes in MLPs and energy infrastructure investing.

Some other notable hedge funds in the top 10 include #5 Passport Capital LLC, #6 Magnetar Capital Partners and #8 Encompass Capital Advisors LLC, with $1.3B, $955M and $802M invested in commodities, respectively.

While John Burbank’s Passport Capital is not strictly a commodities focused hedge fund, the San Francisco-based firm has been betting big on commodity related stocks over the past few quarters. At the end of the quarter, commodities accounted for 55.8% of its equity holdings. Passport Capital’s top commodity holdings include: Kinder Morgan Inc (KMI), Kinross Gold Corporation (KGC), Williams Companies Inc (WMB), Consol Energy Inc (CNX), and Marathon Petroleum Corp (MPC).

Alec Litowitz’s multi-strategy firm Magnetar Capital Partners has also been betting big on commodity related stocks, which accounted for 60% of its equity holdings.
Evanston-based Magnetar Capital’s top commodity holdings include: Pioneer Natural Resources Co (PXD), Cheniere Energy Inc (LNG), Concho Resources Inc (CXO), and EOG Resources Inc (EOG).

Meanwhile, Encompass Capital had 95% of its portfolio invested in commodity related stocks. Encompass Capital is an emerging hedge fund manager that was founded in late 2011 by Citadel Investment Group veteran Todd Kantor. Encompass launched its flagship energy focused hedge fund in 2012 with a reported $1 billion at launch.

Notably, the top 50 commodity investing hedge funds allocated $25.4 billion or 68.8% of their total US equity assets, to Energy and Basic Materials stocks.

Ranking Methodology: The Top Commodities Equity Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The Commodities list includes the top hedge funds that have more than 45% of their U.S. equity assets invested in U.S. listed Energy and Basic Materials companies. To view the Top Commodities Hedge Fund list in its entirety, please visit our Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Encompass Capital Advisors LLC
Magnetar Capital Partners
Passport Capital LLC
Related People: Alec Litowitz; Andrew Seligson; Edward Bozaan; Ejnar Knudsen*; Florence Eid*; Holt Calhoon; Jeremy Sussman; Jim Cunningham; John Burbank III; John Moran; John Woodberry*; Michael Jacobs; Neil Adshead*; Peter Chidyllo; Seth Spaldingl; Todd Kantor; Walther Lovato
Related Entities: Encompass Capital Partners; Citadel Investment Group (seeder); Encompass Capital Fund LP; Encompass Capital Master Fund; Magnetar Capital Partners LLC; Magnetar Partners; Passport Capital Rig; Passport Energy; Passport Europe Ltd; Passport India Investments; Passport Management; Passport Master; Passport Materials; Passport Special Opportunities
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports

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