Top Bets of Parametrica Management – Barron’s Penta No. 1 Fund

#3. Insys Therapeutics Inc. (NASDAQ:INSY)

– Shares owned by Parametrica Management as of March 31: 33,562

– Value of Parametrica Management’s holding as of March 31: $537,000

The investment firm founded by Xiongwei Ju initiated a new position in Insys Therapeutics Inc. (NASDAQ:INSY) during the March quarter comprised of 33,562 shares, which were valued at $537,000 on March 31. The medical marijuana company has seen its market value plunge by 55% since the start of 2016. With 25 states across the United States having already approved Medical Marijuana laws and five more states voting on these laws in 2016, investors could anticipate the accessibility and acceptability of cannabis-based drugs to increase at a high pace in the foreseeable future. Insys Therapeutics currently generates revenue from its only marketed product called Subsys, approved for the treatment of breakthrough cancer pain in opioid-tolerant patients. Four analysts have coverage on the specialty pharmaceutical company, with three of them rating the company a “Strong Buy” and one of them rating it a “Hold”. Samuel Isaly’s OrbiMed Advisors disclosed a stake of 4.56 million shares of Insys Therapeutics Inc. (NASDAQ:INSY) in its latest 13F filing.

#2. CNH Industrial NV (NYSE:CNHI)

– Shares owned by Parametrica Management as of March 31: 80,691

– Value of Parametrica Management’s holding as of March 31: $545,000

Barron’s Penta No. 1 Fund increased its exposure to CNH Industrial NV (NYSE:CNHI) by 65,448 shares during the first three months of 2016, ending the March quarter with 80,691 shares. The upped position was worth $545,000 at the end of March and made up nearly 2.0% of the fund’s entire portfolio. The shares of the truck and tractor marker are 8% in the green year-to-date. The company reported net revenues of $5.48 billion for the first quarter of 2016, down from $6.07 billion reported a year ago. Challenging trading conditions in the farming equipment sector, particularly in the row crop industry in the United States, Canada, Mexico, Central and South America, and the Caribbean Islands, stand behind the drop in the company’s top line. CNH Industrial anticipates full-year net sales from industrial activities in the range of $23 billion-to-$24 billion. Mason Hawkins’ Southeastern Asset Management was the largest shareholder of CNH Industrial NV (NYSE:CNHI) at the end of March with a stake of 39.95 million shares.

#1. Live Nation Entertainment Inc. (NYSE:LYV)

– Shares owned by Parametrica Management as of March 31: 28,624

– Value of Parametrica Management’s holding as of March 31: $639,000

Live Nation Entertainment Inc. (NYSE:LYV) was the largest equity holding in Parametrica Management’s portfolio at the end of the March quarter, accounting for 2.3% of the fund’s portfolio. This was yet another new position initiated by the Hong Kong-based investment firm during the first quarter of 2016, comprising 28,624 shares valued at $649,000 on March 31. The operator of live events has seen its shares drop by 4% so far in 2016 despite enjoying a strong first quarter in terms of financial performance. Live Nation Entertainment’s first-quarter top line grew by 8% year-over-year to $1.2 billion on reported basis and 10% on a constant currency basis. The company’s top-line figure was boosted by higher show count and concert fans, as well as higher sponsorship revenue and increased primary and secondary ticket sales at Ticketmaster. A total of 38 asset managers followed by Insider Monkey were invested in the world’s largest concert promoter, amassing 11% of its outstanding common stock. Thomas E. Claugus’ GMT Capital was one of those asset managers, holding a stake of 2.68 million shares of Live Nation Entertainment Inc. (NYSE:LYV) as of March 31.

Disclosure: None