Hickey and Walters (Bespoke) submit:
Judging by the performance of T. Boone Pickens' stock holdings at the end of the second quarter, it hasn't been a good couple of months. While there's no telling yet what Pickens has done in his BP Capital fund this quarter, if he has simply done nothing, the fund's equity holdings would be down 32.26% since the end of June. That's what happens when you run an energy fund and oil loses a third of its value in two months.
As shown, SD is down the most at 62%, followed by BZP, FWLT and KBR (all down more than 50% in the second half of the year). Only one of BP Capital's holdings at the end of the second quarter is up this quarter, and it was the fund's smallest position (CLNE). As we wrote earlier, who knows what Pickens has done with his holdings this quarter, but it's hard to imagine that he's not suffering some big losses.
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