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Spying T. Boone Pickens: Q4 Holdings Show Big Energy Sector Moves
Tuesday February 19, 10:20 am ET
By the BullMarket.com Staff

The price of oil has pulled back from the century mark recently on slowing economic prospects, but investors still have an eye on the sector, and in recent years, this means watching the moves of T. Boone Pickens, a Texas billionaire and oil and gas industry guru who was adding shares in a number of firms across the oil patch in Q4.

Pickens is regarded as a shrewd businessman whose oil and gas empire has helped make him one of the richest people in the world. Pickens made headlines in 2005 when he took home $1.5 billion managing his energy-focused hedge fund BP Capital Management. BP Capital disclosed its holdings as of the end of Q4 Thursday evening, giving investors a window into some of Pickens' recent moves.

Looking at BP's top equity holdings at the end of Q4, Pickens' focus on oil and gas is evident. His biggest moves during the quarter were to significantly increase positions in oil and gas explorers Denbury Resource (NYSE: DNR - News) and Talisman Energy (NYSE: TLM - News), as well as in engineering and construction company Fluor (NYSE: FLR - News).

He also upped stakes in energy giants Exxon Mobil (NYSE: XOM - News) and Chevron (NYSE: CVX - News). As of the end of Q3, BP controlled stakes of 1.9 million and 968K shares, respectively, in the two companies.

As the Fluor stake indicates, Pickens' holdings aren't narrowly confined to oil and gas producers. During Q4, BP also added incrementally to its stake in ABB (NYSE: ABB - News), a Swiss engineering giant focused on power infrastructure, and held a stake in Titanium Metals (NYSE: TIE - News), the titanium producer whose chairman, Harold Simmons, has been an investor in Pickens' funds (and who is a fellow billionaire.)

BP's other holdings at the end of Q4 also included large stakes in Suncor Energy (NYSE: SU - News), Schlumberger (NYSE: SLB - News), Occidental Petroleum (NYSE: OXY - News), and Jacobs Engineering (NYSE: JEC - News).

Looking at tickerspy.com's graph charting the performance of BP's end-of-Q4 holdings so far in Q1, one can see how the pullback in the energy sector has affected the fund. If you want to see how your performance stacks up to T. Boone Pickens' or just see some of the other stocks he's invested in, visit tickerspy.com to see BP's top equity holdings and a chart of their combined performance.

http://biz.yahoo.com/indie/080219/1098_id.html?.v=1

-faz