Hedge Fund - BP Capital

After making billions in the oilfield, T. Boone Pickens began investing in the public markets (primarily in energy) and issues quarterly 13F filings through his fund BP Capital.

In May, billionaire T.

The oilman turned corporate raider was one of the pioneers of the leveraged buyout craze of the 1980s, producing huge gains for his investors while becoming one of the richest people in America ...

He came from an oil and gas pedigree. His father worked as a landman leasing oil and mineral rights in Oklahoma. Pickens' first job out of college was with Phillips Petroleum.

While the trailing P/E multiple is a useful value metric, it does not take a company’s future growth prospects into account.

Chesapeake Energy Corporation (NYSE:CHK) has been decreasing its ownership stake in Clean Energy Fuels Corp (NASDAQ:CLNE) for a few months as it looks to get its own house in order.

Studies show that stocks bought by insiders narrowly outperform the S&P 500 (read our analysis of studies on insider trading).

Billionaire T. Boone Pickens runs a concentrated $35 million hedge fund called BP Capital, with nearly 45% of his fund invested in his top five stocks, all of which are energy of course.

Success in the oilfield made T.