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Top trader Lebenthal buys a technology stock

Cisco Systems
David Paul Morris | Bloomberg | Getty Images

CNBC "Halftime Report" investor Jim Lebenthal on Tuesday bought Cisco Systems for his CNBC PRO model portfolio.

The CEO of Lebenthal Asset Management is up 27 percent this year, which is good for first place in the trading contest.

Here's what Lebenthal sees and why he bought the tech giant.