Sandridge Energy, Inc. (NYSE:SD)
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5 Years : From May 2012 to May 2017
BP Capital, the hedge-fund firm run by billionaire energy investor T. Boone Pickens, bought more than one million shares of Sandridge Energy Inc. (SD) during the third quarter, according to a regulatory filing made Monday morning.
BP reported 14 different stakes totaling about $185 million, which represents five more positions and $100 million more than on its end-of-second-quarter holdings report. The filing, made on Securities and Exchange Commission form 13-F, showed that BP Capital also bought one million shares of McMoRan Exploration Co. (MMR), a new position.
The firm added to existing positions in several stocks, including Chesapeake Energy Corp. (CHK), and Devon Energy Corp. (DVN), and took a new one in Hess Corp. (HES).
A BP Capital spokesman didn't immediately return a message seeking comment.
Many investors that manage more than $100 million are required to file 13-Fs describing their stock holdings within 45 days of the end of a given quarter, giving the public its freshest possible glimpse into the portfolios of well-known money managers. Most hedge-fund managers and others wait until the last possible moment to make these filings. The third quarter's deadline is Monday.
-By Joseph Checkler, Dow Jones Newswires; 212-416-2152; email@example.com