Potomac Capital Management invests mainly in small-cap stocks and options under the management of Paul Solit since 1998. More than a half of the fund’s picks are technology companies. The fund held 77 positions in its 13F portfolio valued at $93.15 million at the end of first quarter of 2015. Numerex Corp. (NASDAQ:NMRX), Black Diamond Inc (NASDAQ:BDE), Axcelis Technologies Inc (NASDAQ:ACLS) and Audience Inc (NASDAQ:ADNC) represent the largest positions of Potomac Capital Management.
Potomac Capital Management has an equity portfolio valued at less than $100 million and has long positions in more than 60 companies and we track its moves as part of our small-cap strategy, alongside more than 700 other investors. Our strategy involves imitating a portfolio that consists of 15 most popular small-cap ideas among the funds from our database and it has an excellent track record by having gained around 137% in the last 2.5 years, outperforming the S&P 500 ETF (SPY) by 82 percentage points (see the details).
Numerex Corp. (NASDAQ:NMRX) was the top stock pick of Paul Solit at the end of the first quarter of 2015. The investor held 685,572 shares of the company valued at $7.81 million, an increase of 7,036 shares from the previous quarter. Numerex Corp. (NASDAQ:NMRX) is a $202.16 million communication equipment provider operating worldwide. The company reported revenue of $93.87 million and net income of $0.09 per share for 2014 versus $78 million and $0.03 a year earlier. Chuck Royce’s Royce & Associates is another investor of Numerex Corp. (NASDAQ:NMRX) with its 1.09 million shares held at the end of 2014.