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Israel Englander is the billionaire behind Millennium Management. He started the hedge fund in 1989 with $35 million and only a B.S. in finance. Since then, Englander has built Millennium into a $11.1 billion hedge fund, almost 20% of which was added in 2010 alone. Englander’s strategy is to exploit the inefficiencies in the market, even very small ones. To this point, the Millennium fund maintains over 2,000 positions, which are managed by over 120 professionals.

Below we compiled a list of stocks that Englander has been holding since the beginning of this year. These are Englander’s holdings with at least $45 million invested at the end of June.

Company

Ticker

Value (x1000)

YTD Return

S M ENERGY CO

SM

79092

7.12%

CITIGROUP INC

C

78593

-46.88%

APPLE INC

AAPL

62607

14.50%

CABOT OIL & GAS CORP

COG

59301

70.70%

ANADARKO PETROLEUM

APC

57700

-12.94%

KEYCORP

KEY

55984

-26.98%

ALPHA NATURAL RES

ANR

53276

-68.81%

HESS CORP

HES

52947

-29.06%

DISCOVER FINANCIAL SERV

DFS

50852

28.36%

DEVON ENERGY CORP

DVN

50586

-26.10%

COMERICA INC

CMA

49418

-41.13%

VISA INC

V

48843

24.26%

ENERGEN CORP

EGN

47804

-12.80%

PLAINS EXPLORATION & PROD

PXP

46995

-25.17%

U S BANCORP

USB

46101

-9.57%

SM Energy Company is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States. It returned 7.12% since the beginning of this year. It has a market cap of $4 billion and a P/E ratio of 26.12. Englander invested $79 million in SM shares.

Citigroup Inc. is an American multinational financial services corporation headquartered in New York. It lost 46.88% since the beginning of this year. It has a market cap of $71.87 billion and a P/E ratio of 7.61. Englander invested $79 million in C shares. Bill Ackman had nearly $1 billion invested in C at the end of June.

Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. It returned 14.50% since the beginning of this year. It has a market cap of $346.82 billion and a P/E ratio of 14.80. Englander invested $63 million in AAPL shares. Apple was the most popular stock among hedge funds at the end of June.

Cabot Oil & Gas Corporation is an independent petroleum and natural gas exploration and production company based in Houston, Texas. It returned 70.70% since the beginning of this year. It has a market cap of $6.65 billion and a P/E ratio of 55.81. Englander invested $59 million in COG shares.

Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies. It lost 12.94% since the beginning of this year. It has a market cap of $32.42 billion and a P/E ratio of 38.67. Englander invested $58 million in APC shares. Billionaire John Paulson had nearly $1.3 billion invested in the stock at the end of June.

Financial services giant KeyCorp has the clout of mean Henry Potter of Bedford Falls, but wants to be the sweet George Bailey of bankers. With a focus on retail operations, flagship subsidiary KeyBank operates about 1,000 branches in more than a dozen states scattered throughout the Northeast, the Midwest, the Rocky Mountains, and the Pacific Northwest (including Alaska). It lost 26.98% since the beginning of this year. It has a market cap of $5.87 billion and a P/E ratio of 6.44. Englander invested $56 million in KEY shares.

Alpha Natural Resources is one of America's leading producers of coal, which is an essential part of our daily lives. It lost 68.81% since the beginning of this year. It has a market cap of $4.16 billion and a P/E ratio of 62.98. Englander invested $53 million in ANR shares.

Source: Israel Englander's Long-Term Stock Picks