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Five Stock Picks From Hedge Fund Sophrosyne Capital

Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) represents Sophrosyne Capital’s third largest position, according to its 13F filing. Taylor also trimmed this position by a significant 25% to 146,000 shares, worth $4.51 million. Zeltiq Aesthetics is a medical technology company focused on developing and commercializing products utilizing its controlled-cooling technology platform. Its main product is the CoolSculpting System, which is designed to reduce stubborn fat bulges. The company posted strong results for the last year, with revenue up by 56% on the year to $174.5 million and a net income of $0.04 per share, versus a loss of $0.53 per share in 2013. In addition, Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) raised its revenue guidance for 2015, expecting sales between $230 and $235 million. Steve Cohen‘s Point72 Asset Management is another shareholder of the company, which surged its position by 105% during the last three months of 2014 to 1.30 million shares. Since the beginning of the year, the stock of Zeltiq has gained around 18%.

Another one of Taylor’s top stock picks is MicroStrategy Incorporated (NASDAQ:MSTR), a $2 billion provider of enterprise software platforms. Taylor cut his stake in MicroStrategy Incorporated (NASDAQ:MSTR) by about 9% to 24,600 shares, worth $4.16 million. MicroStrategy Incorporated (NASDAQ:MSTR) shares are up 46% in the last 12 months and really started to gain momentum after Stanford J. Cohen’s Apex Capital became more involved with management. Ricky Sandler’s Eminence Capital is also another notable name invested in the company. MicroStrategy Incorporated (NASDAQ:MSTR)’s stock advanced by  9% year-to-date.

The only company from our list in which Taylor increased his stake is Health Insurance Innovations Inc (NASDAQ:HIIQ), a $100 million market cap developer and administrator of web-based individual health insurance plans and ancillary products. During the first quarter of 2015, Taylor inched up the position in Health Insurance Innovations Inc (NASDAQ:HIIQ) to some 482,900 shares, valued at $3.77 million.  Israel Englander’s Millennium Management and Jacob Gottlieb’s Visium Asset Management are also listed as shareholders of Health Insurance Innovations Inc (NASDAQ:HIIQ).

Disclosure: None

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