New York-based hedge fund Wynnefield Capital was founded by Nelson Obus and Joshua Landes in 1992. The hedge fund, managed by Obus, is focusing on “U.S. small cap situations that have a company or industry specific catalyst(s),” according to the fund itself. In this piece we will discuss top five largest stock picks in terms of value.
At Insider Monkey, our research showed that “monkeys” who follow the activity of the hedge funds we track have beaten the market by as much as 18 percentage points per year, over a long-term period. Learn the details here.
As follows, during the first three months of 2013, Wynnefield disclosed ownership of 715,469 shares in Core-Mark Holding Company, Inc. (NASDAQ:CORE). The value of the stake amounts to $36.2 million, up from $33.4 million at the end of 2012, when the hedge fund reported 715,479 shares.
In Landec Corporation (NASDAQ:LNDC), Nelson Obus’ hedge fund reported a $27.3 million stake, which contains almost 2 million shares, down by 207,560 shares over the quarter. The stock of Landec Corporation (NASDAQ:LNDC) has a year-to-date return of over 58% and trades at a trailing P/E of 19.0x.
Next on our list is ICON plc – Ordinary Shares (NASDAQ:ICLR), represented in Wynnefield’s equity portfolio by 788,844 shares, worth $25.1 million. In the previous filing with the Securities and Exchange Commission, the hedge fund revealed a $29.8 million stake, which contained 1.1 million shares.
We should also mention MVC Capital, Inc. (NYSE:MVC). The hedge fund’s position in the company involves 1.9 million shares, and the value of the stake amounts to $23.9 million. In comparison with the last quarter of 2012, during the first three months of 2013, Wynefield’s stake in MVC Capital, Inc. (NYSE:MVC) increased by 20,235 shares. The stock of MVC Capital, Inc. (NYSE:MVC) has returned more than 5% since January and has a P/E of 460.7x.