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

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

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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).

 

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