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.

Goodyear Tire & Rubber Co (GT), Office Depot Inc. (ODP), Anika Therapeutics Inc. (ANIK): Portolan Capital Management’s Top Picks

Portolan Capital Management, managed by George McCabe, recently filed a 13F filing with the U.S. Securities and Exchange Commission, disclosing its equity portfolio as held at the end of the fourth quarter of 2014. The value of the fund’s portfolio amounted to just over $499 million, up from the slightly more than $440 million reported at the end of the third quarter of 2014. Portolan Capital Management had strong focus on Consumer, Healthcare, and Technology stocks. We have picked the three largest holdings, in terms of value, from Portolan Capital’s portfolio. In this article, we will talk about each of these holdings, which are comprised of Goodyear Tire & Rubber Co (NASDAQ:GT), Office Depot Inc. (NASDAQ:ODP), and Anika Therapeutics Inc. (NASDAQ:ANIK).

Portolan Capital Management

Boston, Massachusetts-based Portolan Capital Management is a hedge fund which manages 12 accounts totaling $535 million in assets under management (AUM). George McCabe serves as the managing director and chief investment officer of the fund, which he founded in 2005 after previously having worked as a research analyst at the family office of Peter Lynch and the Lynch Foundation, where he helped to manage the fund’s major investments.

Portolan Capital Management’s top holding was Goodyear Tire & Rubber Co (NASDAQ:GT), in which the fund reported owning 550,820 shares, worth $15.7 million. The stake represents an increase of 35% from the 407,476 shares the fund held as of September 30, 2014. Goodyear Tire & Rubber Co (NASDAQ:GT) is a tire company with a market cap of around $7 billion. The company is engaged in the manufacturing of rubber products in 50 facilities in 22 countries around the world. The company’s stock gained 10.5% over the past year. For the third quarter of 2014, Goodyear Tire & Rubber Co (NASDAQ:GT) reported net income of $161 million, or $0.58 per share, down from net income of $166 million, or $0.62 per share, in the third quarter of 2013. For the nine months ended September 30, 2014, the company posted net income of $316 million, down from net income of $372 million.

Other investors betting big on Goodyear Tire & Rubber Co (NASDAQ:GT) include Richard McGuire’s Marcato Capital Management, which held 12.44 million shares as of September 30, 2014, and Appaloosa Management LP, led by David Tepper, which reported owning 11.28 million as of September 30, 2014.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.