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T. Boone Pickens Hedge Fund Holdings

by: Bespoke Investment Group May 21, 2008 | about stocks: ABB / CVX / DNR / FLR / FWLT / HAL / JEC / OXY / RIG / SD / SLB / SU / TLM / WFT / XTO    

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T. Boone Pickens helped lift oil prices once again yesterday with his "$150 in '08" call on CNBC.

For those interested, below we provide the holdings of Mr. Pickens' hedge fund at the end of the first quarter. As shown, just 5 of his 23 positions are down on the year, while the S&P 500 is down 3.32%. His top ten holdings are all up an average of 21.7% this year, with his top holding (OXY) up 27%. It's good times for energy funds.

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This article has 9 comments:

  •  
    May 21 04:34 PM
    Did anyone miss the CNBC episode three months ago where Boone predicted the price of oil was headed back to the 88 mark. Probably when he got long/added to his portfolio. Now he calling $150, wouldn't be surprised if he was taking some of his positions off.
    Reply
  •  
    May 21 05:25 PM
    I heard his interview the other day and when called out, he admitted he was wrong, reversed course and now he's long big time. He cited some pretty good reasons why we'll see $150 (world demand at 87mil bar/day vs output of 85). In a peak oil scenario, world output can only decline from here. Regardless of your long/short position, a great way to exploit further moves with no net cash outlay is using synthetic options:

    everydayfinance.blogsp...

    Reply
  •  
    May 21 09:19 PM
    I wonder if Boone Picken is the new Henry Blodget or the new Mary Meeker or the new Abby Cohen....

    Reply
  •  
    May 21 10:35 PM
    T boone pickens will be toast once young Einstein put up the new solar energy invention
    Reply
  •  
    May 22 08:46 AM
    Einstein is dead.

    WTI has peaked. Until more refineries are built that can handle the other grades, WTI oil will continue to rise.

    Reply
  •  
    May 24 09:01 AM
    Yeah - but why did Pickens change his position? This guy does his homework and he's experienced in the field. He doesn't go one way without good reasons.

    So why the about face? I can't believe the data he saw changed that much, that quickly.

    Mjr. Payne

    Reply
  •  
    May 27 09:39 PM
    I don't know of anyone that has made more billions than Mr Pickens in energy stocks. Even if oil goes down 30 dollars a barrel, the oil companies will still make a ton of money at 90 to 100 dollars. It's not like he sold all his stocks so I do not understand what the big deal is. No one is perfect, and I would like to meet a stock picker who gets it right 100% of the time.
    Reply
  •  
    Oct 10 09:30 AM
    People can bash T. Boone all they want. Has anyone ever gotten a job from a poor man? I didn't think so!

    Where do our fertilizers come from? How are plastics made? The modern miracles of daily life, what are they based on? Our society can not live without oil and natural gas. We need to follow Mr. Pickens plan to get our cars on a path away from consuming oil.

    Natural gas will work today. When battery technology becomes viable for cars, then we can power our cars with electricity.

    I think T. Boone is right on with his energy plan.
    Reply
  •  
    Oct 10 09:30 AM
    People can bash T. Boone all they want. Has anyone ever gotten a job from a poor man? I didn't think so!

    Where do our fertilizers come from? How are plastics made? The modern miracles of daily life, what are they based on? Our society can not live without oil and natural gas. We need to follow Mr. Pickens plan to get our cars on a path away from consuming oil.

    Natural gas will work today. When battery technology becomes viable for cars, then we can power our cars with electricity.

    I think T. Boone is right on with his energy plan.
    Reply
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