Lucas Capital Management’s Keeps Betting on Energy; Still Bullish on Apple Inc. (AAPL)

Plains GP Holdings LP (NYSE:PAGP) represents another large position held by Lucas Capital Management. The investor decreased the stake by 19% during the January-March period, while the stock grew by around 10.50% during the same period. At the end of the first quarter, Lucas held slightly above 307,500 shares of the company valued at $8.73 million. Plains GP Holdings LP (NYSE:PAGP) is an $18 billion oil & gas midstream company which had revenue of $43.46 billion, versus $42.25 billion a year earlier, while its diluted earnings per share jumped to $0.48 from $0.10. Daniel S. Och’s OZ Management and Alec Litowitz and Ross Laser’s Magnetar Capital own significant positions in Plains GP Holdings LP (NYSE:PAGP) as of the end of 2014, which contain around 10.0 million shares and 5.0 million shares respectively.

Lucas Capital Management’s fourth largest position is represented by Apple Inc. (NASDAQ:AAPL), in which the fund owns 65,200 shares, worth $8.11 million. Apple Inc. (NASDAQ:AAPL) is the most popular stock among the funds we track as of the end of 2014, and the company’s latest successes support the fact that the company might remain on top following the current round of 13F filings. A number of billionaires are bullish on Apple, including Carl Icahn, Ken Fisher, and David Shaw. David Einhorn’s Greenlight Capital also owns a substantial position in Apple Inc. (NASDAQ:AAPL) and in its latest letter to investors, Greenlight said that it continues to like Apple Inc. (NASDAQ:AAPL) because the market still values the company at a discount.

Lucas Capital Management’ stake in Noble Energy, Inc. (NYSE:NBL) inched down during the first quarter to 145,700 shares valued at $7.13 million. The decline in oil and gas prices that affected most Exploration & Production companies has also affected Noble Energy, Inc. (NYSE:NBL), which similar to its peers has launched some cost-cutting initiatives, cutting 220 jobs at the beginning of April. Boykin Curry’s Eagle Capital Management is the largest shareholder of Noble Energy, Inc. (NYSE:NBL) among the funds we track, holding 14.50 million shares according to its latest 13F filing.

Disclosure: None