The 5 High-Performance Stocks That Bennett Lawrence Loves

#3 Cavium Inc (NASDAQ:CAVM)

Shares held (as of September 30): 180,647

Total Value (as of September 30): $11.09 million

Percent of Portfolio (as of September 30): 3.54%

Bennett Lawrence Management inched up its position in Cavium Inc (NASDAQ:CAVM) to 180,647 shares, valued at over $11 million. Cavium Inc (NASDAQ:CAVM) is a $3.85-billion market cap provider of semiconductor products. For the third quarter, Cavium reported income of $4.2 million, or $0.07 per share, compared to a loss of $6.4 million, or $0.11 per share in the second quarter. Shares of Cavium’s stock have increased by 12.68% year-to-date. At the end of the second quarter, a total of 24 hedge funds were holding stakes in Cavium Inc (NASDAQ:CAVM), compared to 23 at the end of the first quarter. Columbus Circle Investors is also a fan of cavium, holding 1.28 million shares of the stock.

#2 ServiceNow Inc (NYSE:NOW)

Shares held (as of September 30): 161,337

Total Value (as of September 30): $11.21 million

Percent of Portfolio (as of September 30): 3.58%

Bennett Lawrence Management reduced its position in ServiceNow Inc (NYSE:NOW) by around 4% to 161,337 shares, worth over $11 million. ServiceNow Inc (NYSE:NOW) is a $13.2-billion market cap provider of cloud-based solutions. For the third quarter, ServiceNow posted a loss of $41.0 million, or a loss of $0.26 per share, versus a loss of $41.1 million, or a loss of $0.28 per share, in 2014’s third quarter. Revenues were $261.2 million, representing a year-over-year increase of 46%. Shares of ServiceNow Inc (NYSE:NOW) have gained nearly 24% year-to-date. Recently, ServiceNow announced that it was picked by the National Aeronautics and Space Administration (NASA) to deliver services to 40,000 civil servants and contractors, and its research and educational communities. Another investor that sees value in ServiceNow is Christopher Lord’s Criterion Capital, which holds 2.55 million shares.

#1 Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA)

Shares held (as of September 30): 70,300

Total Value (as of September 30): $11.48 million

Percent of Portfolio (as of September 30): 3.67%

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) is represented as Bennett Lawrence Management’s top holding, in which the investor slightly cut its position to 70,300 shares during the third quarter. Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) is engaged in the sale of cosmetics, fragrances, skin and hair care products, appliances, and accessories. The performance of the company is notable, with shares gaining over 34% year-to-date, capping off the strong performance of Bennett Lawrence’s top five picks, each of which has posted double-digit percentage gains this year. The total number of hedge funds among those that we track holding Ulta Salon, Cosmetics & Fragrance decreased to 32 at the end of the second quarter, versus 38 at the end of the first quarter. Another investor from our database that holds significant shares of Ulta Salon, Cosmetics & Fragrance is Stephen Mandel’s Lone Pine Capital, which holds 2.34 million shares of the company.

Disclosure: None