5 Energy Stocks T. Boone Pickens Loves Right Now
BALTIMORE (Stockpickr) -- Oil may have sold off hard recently, but billionaire investor T. Boone Pickens still loves energy stocks. After all, he made his fortune by investing in energy, so he knows a thing or two about picking winners among the oil, natural gas and power producers.
The octogenarian billionaire founded Mesa Petroleum in 1956 and BP Capital Management 40 years later, but he's most known to Main Street for his Pickens Plan, an energy plan that promotes using wind turbine farms to generate electricity, limiting the U.S.'s need for foreign oil. But while most people focus on Pickens' politics, we're more concerned with his portfolio.
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After all, his $174 million energy hedge fund, BP Capital, is one of the most well-known energy funds in the world -- if only for its high profile founder.
BP Capital is a fairly concentrated fund, with only 20 stock positions spread across a number of different industries, all connected to the energy sector. But of those 20 positions, five are brand new holdings that BP Capital added to its portfolio in the last quarter. Today, we'll take a closer look at those five energy names that Pickens and company deemed worthy of buying up right now. To do that, we've got to crack BP's 13F filings. >>ACTIVE STOCK TRADERS: Check out Stockpickr's special offer for Real Money, headlined by Jim Cramer, now! Institutional investors with more than $100 million in assets are required to file a 13F -- a form that breaks down their stock positions for public consumption. From hedge funds to mutual funds to insurance companies, any professional investors who manage more than that $100 million watermark are required to file a 13F. By comparing one quarter's filing to another, we can see how any single fund manager is moving their portfolio around -- and what investments are faring the best for them. More important, we can figure out what names they like the most right now. With that, here's a look at T. Boone Pickens' five favorite stocks.![]() |
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