His fund, BP Capital, will have about between $400 million and $500 million after expected withdrawals. It started the year with about $2 billion. A few weeks ago, Mr. Pickens moved the fund almost entirely into cash to help ride out the volatility in the energy patch, according to people close to the matter.
Mr. Pickens is expected to personally hold about 20% of the fund after the withdrawals, or about $100 million, after he does some selling along with his investors. He has lost an estimated $400 million or so in his funds this year.
Pickens's Investors Ask for Exit - Wall Street Journal
A look at the carnage: Below are the stocks that BP Capital reported in its 6/30/08 13F Filing. Keep in mind that the holdings could have changed significantly from the snapshot on that date:
Click to enlarge