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.

Herbalife Ltd. (HLF), Microvision, Inc. (MVIS), New Gold Inc. (USA) (NGD) Among Mark Stupfel’s Top New Picks

Page 1 of 2

Mark Stupfel’s Cortex Capital Management has filed its 13F with the SEC for the reporting period of March 31. The financial advisory firm is headquartered in Fort Worth, Texas and has an equity portfolio of $86.37 million as of the reporting period. The fund manager is primarily invested in the finance, consumer discretionary, healthcare, and information technology sectors. Stupfel added seven new stocks to his portfolio during the first quarter, including Herbalife Ltd. (NYSE:HLF) and Microvision, Inc. (NASDAQ:MVIS), and we’ll look at these top new picks of his in this article.

Ken Wolter /

Ken Wolter /

Herbalife Ltd. (NYSE:HLF) is the biggest new position initiated by the fund manager during the first quarter of 2015. He owns 180,000 shares of the controversial, direct-selling nutrition company, with a market value of $7.70 million, which is a somewhat surprising addition to his portfolio given the recent controversies surrounding it. According to prominent activist investor Bill Ackman of Pershing Square, Herbalife Ltd. (NYSE:HLF) is a pyramid scheme company that makes money by adding more members rather than selling products. He has maintained short bets in excess of $1 billion against the company. Despite the accusations of Ackman, Herbalife has its fair share of supporters in addition to Stupfel, including Carl Icahn of Icahn Capital LP and George Soros. Herbalife Ltd. (NYSE:HLF) reported its first quarter 2015 financial results last week with earnings per share of $1.29, which was lower than its earnings per share of $1.50 year-over-year. Icahn Capital, Soros Fund Management, and East Side Capital are among the major investors of Herbalife Ltd.

Microvision, Inc. (NASDAQ:MVIS) is the second largest new addition to the equity portfolio of Cortex Capital Management. The advisory firm owns 500,000 shares of the company with a market value of $1.72 million as of the reporting period. Working primarily in advanced laser display technologies, Microvision has a current market cap of $140.24 million. The shares of Microvision have jumped in excess of 70% year-to-date. Unsurprisingly it has been an excellent year for the technology firm as the company landed a Fortune Global 100 Electronics Company as its client and received an $8 million upfront payment from it in March, along with a multi-year contract. While the client’s name was initially withheld by Microvision, CEO Alexander Tokman confirmed during a conference call to discuss his company’s latest earnings report that the client is Sony Corp (ADR) (NYSE:SNE). Microvision, Inc. (NASDAQ:MVIS) reported revenue of $0.9 million in its first quarter ending on March 31, 2015, which was lower than its first quarter 2014 revenue of $1.2 million. Some of the top investors of Microvision include Peak6 Capital Management and Citadel Investment Group.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!