Citigroup Inc (C), Macy’s, Inc. (M), Herbalife Ltd. (HLF) Among The Top Picks Of Cortex Capital

As of the end of the first quarter of 2015, Stupfel increased his fund’s stake in Altisource Residential Corp (NYSE:RESI) to 400,000 shares valued at $8.34 million, an increase of 40,000 shares. For the first quarter of 2015, Altisource Residential Corp (NYSE:RESI) disclosed revenue of $88.92 million compared to revenue of $74.63 million for the same period in 2014. For the quarter, net income was reported as $12.43 million compared to net income of $41.9 million in the same year-ago quarter. For financing Real Estate Owned (REO) assets, Altisource has established a loan facility of $100.00 million. Brian Jackelow’s Sab Capital Management and Andrew Goldman’s Seven Locks Capital Management are other prominent investors which have positions in the company.

Herbalife Ltd. (NYSE:HLF) is the largest new investment of Stupfel, consisting of 180,000 shares worth $7.70 million as of the reporting period. The direct sales, nutritional products producer has a market cap of $4.38 billion and P/E ratio of 13.17. There are ongoing debates about whether Herbalife Ltd. (NYSE:HLF) is a pyramid scheme, with FTC, SEC and DOJ probes related to the business activities of the company all underway. Carl Icahn’s Icahn Capital is a major shareholder of Herbalife Ltd. (NYSE:HLF) with its investment of 17.0 million shares valued at $726.92 million.

Disclosure: None