Diamondback Energy (FANG) Gains from Its High-Quality Acreage Position

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Soumya Eswaran

Tue, May 26, 2026 astatine 7:23 AM CDT 3 min read

Artisan Partners, an concern absorption company, released its first-quarter 2026 capitalist missive for “Artisan Value Fund”. A transcript of the missive is disposable to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, successful Q1 vs, 2.10% instrumentality for the Russell 1000® Value Index. Performance was impacted by a marketplace favoring momentum-driven stocks implicit prime factors, alongside company-specific setbacks. In Q1 2026, the US equity marketplace showed mixed results: large-cap indices declined, portion mid- and small-cap stocks gained modestly, reflecting a gradual broadening successful marketplace participation. Volatility increased, driven by concerns implicit artificial quality and backstage credit, and further escalated owed to the outbreak of struggle successful Iran. Despite uncertainty, the Fund focuses connected identifying companies that tin make worth done cycles, peculiarly wherever marketplace dislocations supply charismatic introduction points. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Artisan Value Fund 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.

Artisan Value Fund stated the pursuing regarding Diamondback Energy, Inc. (NASDAQ:FANG) successful its Q1 2026 capitalist letter:

"Due to the Iran war-driven proviso daze to vigor markets, our apical Q1 contributors were vigor holdings EOG Resources, Diamondback Energy, Inc. (NASDAQ:FANG) and SLB. They performed astir successful enactment with the sector, but we were overweight the sector, which helped portfolio performance. EOG and Diamondback are US shale-focused exploration and accumulation companies. Diamondback besides has a beardown outgo illustration that is chiefly the effect of a contiguous, high-quality acreage presumption successful the Permian Basin of the southwestern US. The company’s civilization supplements the acreage presumption with drilling subject and blimpish concern plans. Further, absorption is committed to a beardown equilibrium expanse and shareholder distributions."

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