8 Stocks T. Boone Pickens Continues to Buy

Guru added to these positions in the past 2 quarters

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Mar 06, 2018
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T Boone Pickens (TradesPortfolio)' BP Capital invested in the following stocks in both the third and fourth quarters.

Kinder Morgan Inc. (KMI, Financial)

In the third quarter, the guru increased his position by 9.62% and added another 23.81% in the fourth quarter.

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With a market cap of $35.52 billion, the company transports natural gas, refined petroleum products and other products. Its revenue has declined 11.30% over the past five years.

Jim Simons (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.14% of outstanding shares, followed by Richard Snow (Trades, Portfolio) with 0.13%, Eric Mindich (Trades, Portfolio) with 0.12% and Larry Robbins (Trades, Portfolio) with 0.08%.

Hess Midstream Partners LP (HESM, Financial)

During the third quarter, Pickens increased his holding by 22.45% and by 50.67% in the fourth quarter.

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The master limited partnership, which owns, operates, develops and acquires a diverse set of midstream assets, has a market cap of $1.12 billion.

With 0.31% of outstanding shares, Pickens is the company's largest guru shareholder, followed by Simons with 0.12%.Â

Plains All American Pipeline LP (PAA, Financial)

The investor boosted the position by 10.29% in the third quarter and added another 25.15% in the fourth quarter.

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With a market cap of $15.6 billion, the company transports and stores oil and gas. Its revenue has declined 24% over the past five years.

Simons is the company's largest guru shareholder with 0.09% of outstanding shares, followed by Michael Price (Trades, Portfolio) with 0.06% and First Eagle Investment (Trades, Portfolio) with 0.01%.

EQT Midstream Partners LP (EQM, Financial)

In the third quarter, Pickens increased his holding by 15.64% and by 32.65% in the fourth quarter.

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With a market cap of $5.06 billion, the company owns, operates and develops midstream assets in the Appalachian Basin. Its revenue has grown 9.50% over the past five years.

The company's largest guru shareholder is Chris Davis (Trades, Portfolio) with 0.29% of outstanding shares.

Spectra Energy Partners LP (SEP, Financial)

In the third quarter, Pickens boosted the position by 40.23% and added another 72.42% in the fourth quarter.

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With a market cap of $18.91 billion, the company operates natural gas transmission, gathering and storage assets. Its revenue has declined 17.60% over the past five years.

With 0.04% of outstanding shares, Pickens is the company's largest guru shareholder, followed by Simons with 0.01%.

Magellan Midstream Partners LP (MMP, Financial)

The guru increased the holding by 81.33% in the third quarter and raised it 29.46% in the fourth quarter.

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With a market cap of $14.47 billion, the company is engaged in the transportation, storage and distribution of refined petroleum products. Its revenue has grown 5.80% over the past five years.

The company's largest shareholder among the gurus is Pickens with 0.04% of outstanding shares.

Williams Partners LP (WPZ, Financial)

In the third quarter, Pickens increased the holding by 4.14% and added another 24.51% in the fourth quarter.

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With a market cap of $35.87 billion, it is an energy infrastructure company. Its revenue has increased 7.20% over the past five years.

David Tepper (Trades, Portfolio) is the largest guru shareholder of the company with 0.38% of outstanding shares, followed by Simons with 0.01%.

Enterprise Products Partners LP (EPD, Financial)

Pickens boosted the position by 19.78% in the third quarter and added another 33.06% in the fourth quarter.

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The midstream oil and gas company has a market cap of $54.27 billion. Its revenue has declined 15.80% over the past five years.

NWQ Managers (Trades, Portfolio) is the company's largest guru shareholder with 0.04% of outstanding shares.

Disclosure: I do not own any stocks mentioned in this article.