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totalenergies and shell lead crowded energy long positions amid market shifts

UBS reports that TotalEnergies and Shell are the most crowded long positions in the energy sector, with TotalEnergies benefiting from strong results and higher European prices. Shell's crowding score rose significantly after a positive Capital Markets Day, while refining subsectors, particularly Neste, faced high short interest due to declining margins. Equinor saw a notable drop in net long positions amid easing geopolitical tensions, while hedge fund activity showed mixed trends, with TotalEnergies and Equinor attracting inflows, contrasting with outflows from Shell and OMV.

totalenergies and shell lead crowded long positions in energy sector

TotalEnergies and Shell have emerged as the most crowded long positions in the energy sector, driven by TotalEnergies' strong performance and Shell's positive Capital Markets Day. In contrast, Neste faces significant short interest due to weak renewable diesel margins, while green hydrogen companies remain heavily shorted amid delayed market adoption. Hedge fund activity shows Shell experiencing notable outflows, while TotalEnergies and Equinor attract inflows, reflecting differing investment strategies.
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