Herbalife Ltd. (HLF), Microvision, Inc. (MVIS), New Gold Inc. (USA) (NGD) Among Mark Stupfel’s Top New Picks

New Gold Inc. (USA) (NYSEMKT:NGD) is another new addition to the equity portfolio of Stupfel. The current position of the investment manager includes 500,000 shares of the company with a market value of $1.70 million. The shares of the gold mining company are 18.66% lower on a year-to-date basis. The Canadian gold miner reported its first quarter 2015 financial results on April 29, posting an adjusted net loss of $5 million. The gold digger hasn’t been able to perform up to market expectations primarily because of increasing AISC (all-in sustaining costs) of gold. The net revenue of the firm dropped to $168.9 million from $190.5 million year-over-year. Despite its lower-than-expected quarterly performance, New Gold Inc. (USA) (NYSEMKT:NGD) is one of the hottest gold stocks on the market. First Eagle Investment Management, Blue Mountain Capital, and Steadfast Capital Management are among the bullish investors of New Gold Inc. (USA) (NYSEMKT:NGD).

Lastly, Cortex Capital Management initiated a new position in Neff Corp (NYSE:NEFF) during the first quarter. Mark Stupfel’s advisory firm holds 30,000 shares of the company with a market value of $316,000. The shares of the equipment rental company have offered returns of 2.57% year-to-date. Neff Corp reported first quarter revenue of $84.1 million an 8.2% increase year-over-year. The equipment service company beat earnings per share expectations by nearly 50% at $0.16, with estimates predicting $0.11. Some of the primary investors of Neff Corp (NYSE:NEFF) include Zweig Dimenna Partners, Samlyn Capital, and Magnetar Capital.

Cortex Capital Management is one of more than 700 hedge funds that we track in our database, whose equity portfolios we collate quarterly as part of our small-cap strategy. Even though most smaller investors believe that tracking 13F filings is a fruitless endeavor because they are filed with a delay of a maximum of 45 days after the end of a calendar quarter, the results of our research prove that is not the case. To be on the safe side, we used a delay of 60 days in our backtests that involved the 13F filings of funds between 1999 and 2012 and we still managed to gain an annual alpha in the double digits. Moreover, since the official launch of our strategy in August 2012, our small-cap strategy has obtained returns of more than 137%, beating the S&P 500 Total Return Index by 82 percentage points (see the details).

Disclosure: None