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Israel Englander founded Millennium Management in 1989. Englander is one of the top paid fund managers today and Millennium has a portfolio of over $12 billion. Hedge funds devote significant resources to researching stocks and sometimes cross the line to try to obtain material non-public information before investing. Additionally, corporate insiders have material non-public information and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the stock picks of these smartest investors in the world, investors are more likely to beat the market in the long term.

Below we compiled a list of 23 stocks both Englander and insiders are bullish about. All stocks are in Englander’s portfolio at the end of June and were purchased by at least one insider over the past three months.

Company

Ticker

Value (x1000)

No. of Insiders

Return since June

ARCH COAL INC

ACI

39836

6

-42.68%

JPMORGAN CHASE

JPM

31530

5

-25.12%

E Q T CORP

EQT

33636

4

6.99%

ALPHA NATURAL RESOURCES

ANR

53276

2

-53.21%

HESS CORP

HES

52947

2

-26.63%

P N C FINANCIAL

PNC

39654

2

-19.16%

KINDER MORGAN

KMI

29541

2

-4.89%

S M ENERGY CO

SM

79092

1

-11.20%

CABOT OIL & GAS CORP

COG

59301

1

-3.98%

OCCIDENTAL PETE

OXY

59035

1

-27.52%

ANADARKO PETROLEUM

APC

57700

1

-11.71%

KEYCORP NEW

KEY

55984

1

-30.16%

PETROHAWK ENERGY

HK

51876

1

-11.29%

DEVON ENERGY

DVN

50586

1

-28.22%

ENERGEN CORP

EGN

47804

1

-24.99%

U S BANCORP DEL

USB

46101

1

-8.47%

MACQUARIE INFRASTRUCTURE

MIC

37471

1

-18.65%

SIMON PROPERTY GROUP

SPG

35224

1

-3.60%

DISH NETWORK

DISH

32845

1

-11.44%

PIONEER NATURAL RESOURCES

PXD

32786

1

-23.34%

LUFKIN INDUSTRIES

LUFK

31731

1

-35.10%

EBAY INC

EBAY

31376

1

0.77%

EXXON MOBIL CORP

XOM

29671

1

-10.86%

Here are the top 10 stocks on the list above with the most insider purchases and the biggest position in Englander’s portfolio.

Arch Coal Inc (NYSE:ACI): Arch is a coal producer company. ACI was purchased by six insiders over the past three months and Englander had $39.8 million invested in the stock at the end of June. It has a market cap of $3.24B, a P/E ratio of 15.49, and lost 42.68% since the end of June. Richard Chilton had $66 million of ACI shares.

JP Morgan (NYSE:JPM): JPMorgan Chase is a financial holding company. JPM was purchased by five insiders over the past three months and Englander had $31.5 million invested in the stock at the end of June. It has a market cap of $118.80B, a P/E ratio of 6.50, and lost 25.12% since the end of June. Jonathon Jacobson, Lee Ainslie, and Andreas Halvorsen all invested about $400 million in JPM (see Andreas Halvorsen’s top stock picks).

EQT Corp (NYSE:EQT): EQT is a natural gas company. EQT was purchased by four insiders over the past three months and Englander had $33.6 million invested in the stock at the end of June. It has a market cap of $8.37B, a P/E ratio of 26.27, and returned 6.99% since the end of June. Michael Kaufman had $60 million of EQT shares.

Alpha Natural Resources (NYSE:ANR): Alpha is a coal supplier in the United States. ANR was purchased by two insiders over the past three months and Englander had $53.3 million invested in the stock at the end of June. It has a market cap of $4.28B, a P/E ratio of 46.32, and lost 53.21% since the end of June. Glenn Russell Dubin had over $300 million invested in ANR. John Paulson and D. E. Shaw also both had over $100 million of ANR shares (check out John Paulson’s top stock picks).

Hess Corp (NYSE:HES): Hess is a global integrated energy company. HES was purchased by two insiders over the past three months and Englander had $52.9 million invested in the stock at the end of June. It has a market cap of $18.61B, a P/E ratio of 6.66, and lost 26.63% since the end of June. Steven Richman and Steven Cohen both invested nearly $100 million in HES (see Steve Cohen’s top stock picks).

PNC Financial Services (NYSE:PNC): PNC is a diversified financial services company in the United States. PNC was purchased by two insiders over the past three months and Englander had $39.7 million invested in the stock at the end of June. It has a market cap of $25.21B, a P/E ratio of 7.71, and lost 19.16% since the end of June. Ken Fisher had $363 million invested in PNC (check out Ken Fisher’s top stock picks). Ken Griffin, Ric Dillon and Jeff Vinik were all major investors in PNC.

Kinder Morgan Inc (NYSE:KMI): Kinder Morgan is one of the largest pipeline transportation and energy storage companies in North America. KMI was purchased by two insiders over the past three months and Englander had $29.5 million invested in the stock at the end of June. It has a market cap of $21.55B, a P/E ratio of 52.09, and lost 4.89% since the end of June.

SM Energy (NYSE:SM): SM Energy Company is an independent energy company. SM was purchased by one insider over the past three months and Englander had $79.1 million invested in the stock at the end of June. It has a market cap of $4.16B, a P/E ratio of 27.41, and lost 11.20% since the end of June. Ken Griffin had $122 million of SM stocks (see Ken Griffin’s top stock picks).

Cabot Oil & Gas (NYSE:COG): Cabot Oil & Gas Corporation is an independent oil and gas company. COG was purchased by one insider over the past three months and Englander had $59.3 million invested in the stock at the end of June. It has a market cap of $6.65B, a P/E ratio of 55.28, and lost 3.98% since the end of June. Richard Chilton had over $100 million invested in COG stocks. Ken Griffin and Steven Cohen were also main holders of the stock.

Occidental Petroleum Corp (NYSE:OXY): Occidental Petroleum Corporation is an international oil and gas exploration and production company. OXY was purchased by one insider over the past three months and Englander had $59.0 million invested in the stock at the end of June. It has a market cap of $60.95B, a P/E ratio of 10.81, and lost 27.52% since the end of June. Ralph V. Whitworth had $690 million invested in OXY. Ken Fisher and Ric Dillon also had $519 million and $340 million of OXY respectively.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Israel Englander And Insiders Are Bullish About These Stocks