The 13F filing for Michael Price (Seth Klarman’s mentor) shows seven new third-quarter purchases and 15 other purchases. The firm sold off 14 stocks and reduced its holdings in another 14 stocks. Total assets on the 13F equalled $680 million.
Intel Corporation (NASDAQ:INTC) is the top holding in the firm’s portfolio, and it increased its position significantly to make the tech stock its number one holding. Alleghany Corporation (NYSE:Y), The McGraw-Hill Companies, Inc. (NYSE:MHP), Citigroup Inc. (NYSE:C), and Symetra Financial Corporation (NYSE:SYA) round out the list of the firm’s top five stocks.
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Additions And Buys
Major purchases for Michael Price include Hometrust Bancshares (HTBI), Teva Pharmaceutical Industries Ltd (NYSE:TEVA), Agilent Technologies Inc. (NYSE:A), Nexen Inc. (NYSE:NXY) (TSE:NXY), Big Lots, Inc. (NYSE:BIG), MIPS Technologies, Inc. (NASDAQ:MIPS), and Clifton Savings Bancorp, Inc. (NASDAQ:CSBK).
The firm increased its position in Boston Scientific Corporation (NYSE:BSX), Barnes & Noble, Inc. (NYSE:BKS), GulfMark Offshore, Inc. (NYSE:GLF), A M Castle and Co (NYSE:CAS), Dell Inc. (NASDAQ:DELL), Gyrodyne Company of America, Inc. (NASDAQ:GYRO), Tyco International Ltd. (NYSE:TYC), Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), Resolute Forest Products Inc (NYSE:RFP), American River Bankshares (NASDAQ:AMRB), Northeast Bancorp/ME (NASDAQ:NBN), Mercer International Inc. (NASDAQ:MERC), Seacor Holdings, Inc. (NYSE:CKH), and Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B).
Reductions And Sell-Offs
One major sell for Michael Price is Goodrich Corp., which had previously held almost 3 percent of the firm’s portfolio. The firm also sold off its shares of Lincare Holdings Inc. (NASDAQ:LNCR), National Fuel Gas Co. (NYSE:NFG), Wilshire Bancorp Inc (NASDAQ:WIBC), and Textron Inc. (NYSE:TXT).