Boone Pickens manages the BP Capital hedge fund that invests primarily in the energy sector. These are his top stock picks:
"Pickens' main hedge fund is BP Capital, and we checked the firm's most recent 13F to see what Pickens is holding these days. Below we highlight Pickens' stock holdings as of the end of 2009. As shown, the biggest investment in the fund is currently Transocean (RIG), which represents 12% of total equity holdings. Hess Corp (HES) is the second largest holding and is the only other position that makes up more than 10% of the portfolio. Pickens also has a large position in McMoRan Exploration (MMR), which has been one of the best performing stocks out there in 2010 (+125%). The worst performing stocks in Pickens' portfolio so far this year have been Suncor (SU), Foster Wheeler (FWLT), and Sandridge (SD)."
Thomas Boone Pickens, Jr. (born May 22, 1928), known as T. Boone Pickens, is an American financier who chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. With an estimated current net worth of about $3 billion, he is ranked by Forbes as the 117th-richest person in America and ranked 369th in the world.
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