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Louis Navellier founded Navellier & Associates in 1980. The firm focuses primarily on growth investments. Navellier is also known as the editor of four investment newsletters, which include Blue Chip Growth, Emerging Growth, Global Growth, and Quantum Growth. He also authored "The Little Book That Makes You Rich," which is among the Business Week best sellers. Louis Navellier’s Navellier & Associates is among the 10 hedge funds which are bullish about Salesforce.com (NYSE:CRM), unlike Whitney Tilson.

Here are some of Louis Navellier’s newest bullish stock picks as of June 30th:

Company

Ticker

Value (x1000)

Return Since June

ALTERA CORP

ALTR

37019

-25%

UNITEDHEALTH GROUP INC

UNH

37560

-11%

COMPANHIA DE BEBIDAS DAS

ABV

32762

-3%

REYNOLDS AMERICAN INC

RAI

31280

0%

TIM PARTICIPACOES S A

TSU

2202

-44%

ZAGG INC

ZAGG

2087

5%

DIAMOND FOODS INC

DMND

1813

-2%

TIM HORTONS INC

THI

1809

-6%

FIRST CASH FINANCIAL SVCS

FCFS

1768

15%

OLD DOMINION FREIGHT LINE

ODFL

1483

-18%

GULFPORT ENERGY CORP

GPOR

1387

-12%

RAVEN INDUSTRIES INC

RAVN

1349

-15%

TWO HARBORS INVESTMENT

TWO

1265

-13%

HANSEN NATURAL CORP

HANS

1200

7%

Since the end of June, the share price of Altera has gone down by 25%. During the second quarter, Louis Navellier increased his stake in Altera Corp (NASDAQ:ALTR) by 1755%. It makes up 1.46% of Navellier’s current equity portfolio. Navellier Associates has the 5th highest stake in the Altera. Jim Simons’ Renaissance also has a big position in Altera worth around $220.8 million (check out billionaire Jim Simons’ top stock picks).

Since the end of June, Navellier’s biggest loss was in Tim Participacoes (NYSE:TSU). Luckily he initiated a very small position in the company worth $2.2 million. Since the end of the second quarter, TSU has lost 44%. Ken Griffin’s Citadel Investment Group has almost $7.4 million stake in the company. He increased his TSU holding by 6% during the second quarter (view Ken Griffin’s current holdings).

One of the companies Navellier profited from is First Cash Financial Services (NASDAQ:FCFS). Since the end of June, FCFS gained 17%. Navellier & Associates has almost $1.77 million invested in the company as of June. He has the 6th largest position in FCFS. Ken Heebner’s Capital Growth Management has one of the largest positions in FCFS among the 300+ funds we are tracking (see the top stock picks of Ken Heebner).

Another one of his profitable new stock picks is Hansen Natural Corp (HANS). Since the end of June, the company has returned 7%. At the end of the second quarter, Navellier had $1.2 million stake in the company. Cliff Asness’ AQR Capital Management has around $7.8 invested in Hansen as well. During the second quarter he increased his holding by 2%.

Navellier’s other biggest new bets were UNH, ABV, and RAI. Unitedhealth Group Inc (NYSE:UNH) is quite popular among some of the major hedge fund managers. Ken Heebner, Leon Cooperman, Cliff Asness, Roberto Mignone, David Tepper, Jeffrey Tannenbaum, Bill Miller, Alan Fournier, Phill Gross, and Paul Reeder all have stakes in UNH. Louis Navellier joined these investors with a $37.6 million position in the stock. Since the end of the second quarter, the UNH has returned -11%. Paul Reeder and Edward Shapiro’s Par Capital Management has the highest position in UNH. The company is also the 2nd largest holding of Par Capital’s equity portfolio as of June.

Navellier's newest bullish positions managed to beat the market marginally since the end of June. We believe investors may be able to beat the market over the long run by focusing on his top new stock picks.

Source: Louis Navellier's New Stock Picks