Energized

While the heavier energy weighting appears to be due to market appreciation – the S&P 500 Energy index rose 16.29% during the quarter – technology fell despite the S&P 500 Information Technology index's 3.2% gain.

Pension funds might have left some money on the table when they dumped energy stocks during the first-quarter run-up. Sales of major tech- nology holdings during the quarter indicate funds are bearish on the sector.

Pension funds might have left some money on the table when they dumped energy stocks during the first-quarter run-up. Sales of major tech- nology holdings during the quarter indicate funds are bearish on the sector.