Michael Price Buys Demand Media, Sells T-Mobile, McGraw Hill

Hedge fundsPhoto by cafecredit

Michael Price has just released his latest 13F filing with the Securities and Exchange Commission. His firm MFP Investors bought shares of Liberty Interactive (NASDAQ:LINTA) and Demand Media Inc (NYSE:DMD). The firm dumped all of its shares of T-Mobile US Inc (NYSE:TMUS) and McGraw Hill Financial Inc (NYSE:MHFI).

In all, Michael Price’s firm bought into 10 new stocks and increased its position in 13 others. It cut its holdings in 17 stocks and exited nine others.

Michael Price buys Liberty Interactive, Vornado

Among the firm’s top new stocks are Demand Media Inc (NYSE:DMD), of which it bought 625,000 shares, and Vornado Realty Trust (NYSE:VNO), of which it bought 100,000 shares during the December quarter. Michael Price also bought 25,000 shares of Liberty Interactive (NASDAQ:LINTA).

Michael Price’s largest position was in Hess Corp. (NYSE:HES) at the end of the quarter, as it made up nearly 7.5% of his firm’s portfolio. In fact, he increased his position in the company, adding 72,500 more shares to his holdings. Intel Corporation (NASDAQ:INTC) was his second highest holding at the end of the year, with 6% of the portfolio, although Price did not change his holdings in that company.

Other major increases include Boston Scientific Corporation (NYSE:BSX), of which he bought 300,000 additional shares, pulling it into his top five holdings. He also added to his positions in Dolby Laboratories, Inc. (NYSE:DLB), Barnes & Noble, Inc. (NYSE:BKS) and Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA).

Michael Price dumps T-Mobile, Citigroup

During the December quarter, MFP Investors sold all 300,000 shares of Citigroup Inc (NYSE:C) and all of its nearly 67,000 shares of T-Mobile US Inc (NYSE:TMUS). The firm also dumped all 155,000 shares of McGraw Hill Financial Inc (NYSE:MHFI) during the fourth quarter.

Price cut his position in Bank of America Corp (NYSE:BAC), selling 20,000 shares of the bank’s stock. Other significant reductions include Heritage Commerce Corp. (NASDAQ:HTBK), Columbia Banking System Inc (NASDAQ:COLB) and MVC Capital, Inc. (NYSE:MVC).


For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at [email protected]

Be the first to comment on "Michael Price Buys Demand Media, Sells T-Mobile, McGraw Hill"

Leave a comment