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.

Immersion Corporation (IMMR), Howard Hughes Corp (HHC) And Radware Ltd. (RDWR) Are Rima Senvest Management’s Top Stock Picks

Established back in April 1997, Rima Senvest Management boasts an annualized return of 20% per year and has currently been on a wave, racking up a return of approximately 80% for 2013. The fund’s managers, Richard Mashaal and Brian Gonick, have set the goal of picking stocks that would double or triple in value over a period of one to three years. Although Rima Senvest’s volatility is 2.5 times higher than the market volatility, its returns are 5 times larger, according to Barron’s citing of BarclayHedge, a hedge fund data tracker. Approximately 37% of the fund’s equity portfolio consists of technology stocks, followed by financial (19%) and health care stocks (18%). The market value of the portfolio is estimated at 1.14 billion, slightly down from the 1.28 billion at the end of the first quarter. In this article, Rima Senvest’s top 3 stock holdings will be analyzed.

Immersion Corporation (NASDAQ:IMMR)

Top dog

Immersion Corporation (NASDAQ:IMMR) is Mashaal and Gonick’s new top holding, with Rima Senvest Management reporting no change to the position during the second quarter. According to the fund’s latest 13F filing, it continues to hold 5.41 million shares valued at approximately $68.8 million. Spencer M. Waxman thinks Immersion Corporation (NASDAQ:IMMR) is poised to go higher and has boosted his fund’s stake in the company by 24% during the same period of time. His fund, Shannon River Fund Management, holds 2.67 million shares valued at roughly $34 million. Chuck Royce is also keeping an eye on Immersion Corporation (NASDAQ:IMMR), with his fund, Royce & Associates, owning 805,600 shares worth $10.2 million.

Mashaal and Gonick are also heavily invested in Howard Hughes Corp (NYSE:HHC), but have decided to reduce their exposure to the stock. Rima Senvest has decreased its stake by 31% during Q2 and now holds approximately 414,200 shares worth in excess of $65.3 million. Howard Hughes Corp (NYSE:HHC) can also be found in the portfolio of the famous activist investor Bill Ackman. His fund, Pershing Square, owns approximately 3.57 million shares valued at $563 million. Murray Stahl, the manager of Horizon Asset Management, has also decided to trim his stake in Howard Hughes Corp (NYSE:HHC), leaving his fund with 5.36 million shares valued at $847 million.

Another important investment is Radware Ltd. (NASDAQ:RDWR), which accounts for 5.45% of Rima Senvest’s equity portfolio. During the previous quarter, Mashaal and Gonick have cut their exposure by 12% leaving their fund with roughly 3.7 million shares valued at $62.5 million. In its latest 13F filing, Cadian Capital, run by Eric Bannasch, has reported a 19% decrease in its holding of Radware Ltd. (NASDAQ:RDWR) to 2.93 million shares worth $49.5 million. James Dinan and his fund, York Capital Management, have also trimmed their investment in Radware Ltd. (NASDAQ:RDWR) and now hold 718,338 shares worth $12.1 million.

Disclosure: none.

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!