National Oilwell Varco, Inc (NOV)

[Timothy Smith]

$NOV - Hedge Fund Watch - Similar to Halliburton, NOV provides services and equipment to oilfield and exploration companies. NOV recently posted positive earnings at the start of this month, inline with the consistent earnings beats they posted throughout 2012.

Like many of his oil positions, Pickens' capitulated on a majority of his holdings going into this last filing, as the stock gave the worst performance in relation to the rest of Pickens' list.

Billionaire Jeffrey Vinik decided to take an opposing view and built a $3.7mm position in the stock, primarily buying in the third quarter of 2012.