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.
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More
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).