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.
The following is our rough coverage of the 2021 Sohn Investment Conference, which is being held virtually and features Brad Gerstner, Bill Gurley, Octahedron's Ram Parameswaran, Glenernie's Andrew Nunneley, and Lux's Josh Wolfe. Q1 2021 hedge fund letters, conferences and more Keep checking back as we will be updating this post as the conference goes Read More
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).