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John Burbank is the chief investment officer and managing member of Passport Capital. He founded the firm in August 2000, and the fund currently has approximately $4.2 billion assets under management. Hedge funds devote significant resources to researching stocks. They sometimes even cross the line to try to obtain material non-public information before investing.

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 stocks both John Burbank and insiders are bullish about. All stocks were purchased by at least one insider during the past three months, and Burbank had at least $1 million invested in each stock at the end of the second quarter.

Company

Ticker

Value (x1000)

No. of Insiders

AMERICAN CAPITAL AGENCY CORP

AGNC

233414

1

JUNIPER NETWORKS

JNPR

39624

1

HUNTSMAN CORP

HUN

34709

2

CHEMTURA CORP

CHMT

29406

6

ALPHA NATURAL RESOURCES

ANR

19757

2

TIMKEN COMPANY

TKR

19520

2

CLIFFS NATURAL RESOURCES

CLF

17149

3

OWENS ILL INC

OI

16872

4

ECOLAB INC

ECL

14772

2

PATRIOT COAL CORP

PCX

11393

2

ALCOA INC

AA

9830

1

CHIQUITA BRANDS INTL

CQB

8872

3

SANDRIDGE ENERGY

SD

7622

4

APACHE CORP

APA

6009

3

SMITHFIELD FOODS

SFD

4260

9

NUPATHE INC

PATH

3218

2

MEMC ELECTRONIC MATERIALS Calls

WFR

2986

11

QUINSTREET INC

QNST

2723

2

American Capital Agency Corp (NASDAQ:AGNC) is a real estate investment trust invests in residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis. AGNC was purchased by one insider over the past three months, and Burbank had $233 million invested in the stock. It has a market cap of $5.0B, a P/E ratio of 3.95, and returned 11.70% since the beginning of this year. Ken Griffin had $71 million invested in AGNC (see Ken Griffin’s top stock picks here).

Juniper Networks Inc (NYSE:JNPR) serves the networking requirements of global service providers, enterprises, and public sector organizations. JNPR was purchased by one insider over the past three months, and Burbank had $39.6 million invested in the stock. It has a market cap of $11.4B, a P/E ratio of 20.39, and lost 42.01% since the beginning of this year. Bain Capital holds about $300 million in JNPR.

Huntsman Corp (NYSE:HUN) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. HUN was purchased by two insiders over the past three months, and Burbank had $34.7 million invested in the stock. It has a market cap of $2.5B, a P/E ratio of 8.79, and lost 32.70% since the beginning of this year. Doug Silverman had over $100 million of HUN stocks.

Chemtura Corp (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals. CHMT was purchased by six insiders over the past three months, and Burbank had $29.4 million invested in the stock. It has a market cap of $1.1B and returned -27.16% since the beginning of this year. Joshua Friedman and Mitchell Julis invested over $100 million in the stock.

Alpha Natural Resources Inc (NYSE:ANR) is a coal supplier in the United States. ANR was purchased by two insiders over the past three months, and Burbank had $19.8 million invested in the stock. It has a market cap of $4.8B, a P/E ratio of 51.88, and lost 64.57% since the beginning of this year. John Paulson and D. E. Shaw also both had over $100 million of ANR shares (check out John Paulson’s top stock picks).

Timken Company (NYSE:TKR) develops, manufactures, markets and sells products for friction management and power transmission, alloy steels and steel components. TKR was purchased by two insiders over the past three months, and Burbank had $19.5 million invested in the stock. It has a market cap of $4.0B, a P/E ratio of 10.19, and lost 20.94% since the beginning of this year. Cliff Asness had $62 million invested in TKR. Ken Griffin also invested $31 million in the stock.

Cliffs Natural Resources Inc (NYSE:CLF) is an international mining and natural resources company. CLF was purchased by three insiders over the past three months, and Burbank had $17.1 million invested in the stock. It has a market cap of $8.9B, a P/E ratio of 5.55, and lost 20.94% since the beginning of this year. Ken Fisher had over $100 million of CLF stocks (see Ken Fisher’s top stock picks here).

Owens Ill Inc (NYSE:OI) is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries. OI was purchased by four insiders over the past three months, and Burbank had $16.9 million invested in the stock. It has a market cap of $3.0B, a P/E ratio of 17.06, and lost 39.97% since the beginning of this year. Alexander Roepers had $164 million invested in OI stocks.

Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, food service, healthcare and industrial markets. ECL was purchased by two insiders over the past three months, and Burbank had $14.8 million invested in the stock. It has a market cap of $12.4B, a P/E ratio of 24, and returned 6.77% since the beginning of this year. Boykin Curry had over $400 million invested in ECL shares.

Source: John Burbank And Insiders Are Bullish On These 18 Stocks