The Switzerland-based hedge fund, led by founder and chief executive Renaud Saleur, has outperformed the S&P Global Oil Index, which is up 31% this year.
Saleur said he ignored US President Donald Trump and White House signals that an Iran war ceasefire could be near, keeping long positions in oil stocks.
The strategy reflects Anaconda's view that chronic oil undersupply will continue to support demand for years despite uncertainty around the conflict and energy transition.
How did one fund's bet against peace talks in Iran lead to a massive 39% windfall?
Beyond oil, what surprising industries like AI cooling are secretly booming from the current global instability?
With the world's oil artery blocked, is a global recession now unavoidable for consumers and businesses?