Kite Pharma Inc (KITE), CoStar Group Inc (CSGP) And MiMedx Group Inc (MDXG): Top Stock Picks Of Len Potter

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Another major pick of Potter at the end of the first quarter was MiMedx Group Inc (NASDAQ:MDXG), with his position of 1.03 million shares having a value of $10.73 million. Potter increased this position by 88.25% during the first quarter of 2015, though it still ranked well beneath his top two picks in stature. MiMedx Group Inc (NASDAQ:MDXG) is a medical equipment company which has a market cap of $1.04 billion. Recently the company disclosed its first quarter 2015 financial results, posting revenue of $40.77 million compared to $19.56 million in the same quarter during the previous year. Net income during the first quarter was $4.09 million compared to a loss of $0.92 million in the same period of 2014. Charles William Taylor, president and COO of the company, and Roberta McCaw, general counsel and secretary of the company sold 5,989 and 100,000 shares of MiMedx respectively during the first quarter of 2015. Richard Driehaus’ Driehaus Capital and Samuel Isaly’s Orbimed Advisors also hold positions in MiMedx Group Inc (NASDAQ:MDXG).

LPL Financial Holdings Inc (NASDAQ:LPLA) is next in Potter’s portfolio, the position ranking fourth with a value of $9.06 million and consisting of 206,647 shares. LPL Financial Holdings Inc (NASDAQ:LPLA) is a holding company which provides brokerage and investment advisory services. The company has achieved 12% growth in net advisory assets during the past 12 months. This rate is higher than other publicly traded companies in the industry, which has experienced growth of less than 10% overall. For the first quarter of 2015, LPL recorded revenue of $1.11 billion which is up by 2% from its revenue during the same quarter a year ago. However, LPL Financial Holdings Inc (NASDAQ:LPLA) also announced net income that was down by 5% from a year ago to $50.68 million. Bob Peck’s FPR Partners, John Scully’s SPO Advisory Corp, Sharlyn Heslam’s Stockbridge Partners and Ken Griffin’s Citadel Investment Group all have positions valued at more than $100 million in LPL Financial Holdings.

Disclosure: None

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