{"id":11316,"date":"2009-08-24T00:00:00","date_gmt":"2009-08-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"t-boone-pickens-hedge-fund-concentrates-on-energy-drops-basic-materials","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/t-boone-pickens-hedge-fund-concentrates-on-energy-drops-basic-materials.html","title":{"rendered":"T. Boone Pickens&#8217; Hedge Fund Concentrates on Energy, Drops Basic Materials"},"content":{"rendered":"<p>BP Capital Management&#8217;s second quarter SEC filing shows that the hedge fund manager is focusing solely on energy companies these days. While the firm&#8217;s founder and Chief Investment Officer T. Boone Pickens has been publically supporting clean energy technologies, his stock portfolio suggests that he is still a strong believer in dirty energy. After selling-out of its basic materials sector holdings, the fund now holds 100% of its portfolio in the energy sector, specifically oil and natural gas companies.<\/p>\n<p>BP Capital&#8217;s top holding, offshore oil drilling and exploration company Transocean Inc, was trimmed over the quarter by 125,000 shares \/ $9.2mm.<\/p>\n<p><a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/seekingalpha.com\/article\/157822-t-boone-pickens-hedge-fund-concentrates-on-energy-drops-basic-materials\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BP Capital Management&#8217;s second quarter SEC filing shows that the hedge fund manager is focusing solely on energy companies these days. While the firm&#8217;s founder and Chief Investment Officer T. Boone Pickens has been publically supporting clean energy technologies, his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5074,15292,1396,15582,1742,15580,6508,15587,7522,37,15584,15588,15579,11183,15585,15581,15586,15583],"class_list":["post-11316","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-basic-materials","tag-believer","tag-bp","tag-bp-capital-management","tag-chief-investment-officer","tag-clean-energy-technologies","tag-energy-companies","tag-energy-sector","tag-exploration-company","tag-hedge-fund-manager","tag-materials-sector","tag-natural-gas-companies","tag-offshore-oil-drilling","tag-rsquo","tag-stock-portfolio","tag-t-boone-pickens","tag-transocean","tag-transocean-inc"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11316"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11316\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}