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During the oil bubble that hit its peak in 2008, hardly a day went by when you didn't hear something from or about T. Boone Pickens. Oh how things have changed since then, however, and now it is rare to see or hear anything from the man (which is probably a relief for him).

Pickens' main hedge fund is BP Capital, and we checked the firm's most recent 13F to see what Pickens is holding these days. Below we highlight Pickens' stock holdings as of the end of 2009. As shown, the biggest investment in the fund is currently Transocean (NYSE:RIG), which represents 12% of total equity holdings. Hess Corp (NYSE:HES) is the second largest holding and is the only other position that makes up more than 10% of the portfolio. Pickens also has a large position in McMoRan Exploration (NYSE:MMR), which has been one of the best performing stocks out there in 2010 (+125%). The worst performing stocks in Pickens' portfolio so far this year have been Suncor (NYSE:SU), Foster Wheeler (NASDAQ:FWLT), and Sandridge (NYSE:SD).

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Source: Checking Up on T. Boone Pickens