Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Izzy Englander Betting On A Surge In These Utilities Stocks

Millennium Management is a privately-owned hedge fund established by Israel Englander in 1989. The investment management firm employs a global multi-strategy investment approach by engaging in a multitude of trading and investing strategies. Englander’s fund is one of the most famous in the world, and is well-known for its unique model which represents a mix of strong risk oversight and over 150 detached trading teams. As stated by its most recent 13F filing with the SEC, Millennium Management oversees a public equity portfolio worth $52.87 billion. In the following article we’ll briefly discuss some of Izzy’s recent bets on the utilities sector. After thoroughly analyzing the most recent 13F filing, we identified three interesting moves made by Englander in relation to these companies in that sector: American Electric Power Co. Inc. (NYSE:AEP), PPL Corporation (NYSE:PPL), and Ameren Corporation (NYSE:AEE).

Millennium Management, Catapult Capital Management

We don’t just track the latest moves of hedge funds. We are, in fact, more interested in their 13F filings, which we use to determine the top 15 small-cap stocks held by the funds we track. We gather and share this information based on 16 years of research which showed that these 15 most popular small-cap picks have a great potential to outperform the market, beating the S&P 500 Total Return Index by nearly one percentage point per month in backtests, and easily beating the most popular large-cap picks of funds, which nonetheless get the majority of their collective capital. Why pay fees to invest in both the best and worst ideas of a particular hedge fund when you can simply mimic only the very best ideas of the best fund managers on your own? Since the beginning of forward testing in August 2012, the Insider Monkey small-cap strategy has outperformed the market every year, returning 118%, nearly two times greater returns than the S&P 500 during the same period (see more details).

Israel Englander
Israel Englander
Millennium Management

Millennium Management reduced its stake in American Electric Power Co. Inc. (NYSE:AEP) by 789,217 shares during the second quarter, reporting ownership of 6.74 million shares as of June 30. Just recently, President Barack Obama and the Environmental Protection Agency announced the final version of the Clean Power Plan, which will surely have a major impact on American Electric Power in the future. AEP is one of the largest electric utilities in the U.S., so the company will be pressed to reduce carbon dioxide emissions by 2030. However, the Obama administration introduced the first draft of the plan last year, and it’s highly likely that the potential results or consequences of the Clean Power Plan have more or less been priced in already. Let’s not forget to mention that the shares of AEP have lost slightly over 5% since the beginning of the year. Glenn Russell Dubin’s Highbridge Capital Management acquired a 905,786 share-stake in American Electric Power Co. Inc. (NYSE:AEP) during the second quarter.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.