Run by legendary Texas oil and gas executive T. Boone Pickens, BP Capital has been one of the most successful energy-focused hedge funds on the planet after he took just an investment of a few million dollars and turned it into earnings reaching roughly $5 billion. That helped Pickens amass an estimated $1.2 billion personal fortune and made him one of the leading — and outspoken — authorities on the global energy markets.
So when Boone talks, investors should listen.
BP Capital’s latest 13-F filing was just released, and while the holdings are as of the end of March, it still gives regular retail investors something of a window into Pickens’ latest thoughts on the state of energy in the U.S. … not to mention, it provides some potentially juicy stock ideas as well.
Here are five of Pickens’ best-looking holdings: