- Michael Price’s 13F portfolio value increased from $722M to $805M this quarter.
- MFP Investors increased S&W Seed Company and Carter Bank & Trust substantially during the quarter.
- The largest three individual stock positions are Intel Corporation, Dolby Laboratories, & BMC Stock Holdings, and they add up to ~22% of the portfolio.
Michael Price’s 13F portfolio value increased ~11% from
$722M to $805M this quarter. The portfolio is diversified with recent 13F
reports showing well over 100 individual stock positions. The top five stakes
are Intel Corporation (INTC), Dolby Laboratories (DLB), BMC Stock Holdings
(BMCH), Trinity Place Holdings (TPHS), and Banc of California (BANC) and they
add up to ~30% of the 13F portfolio.
Note: Regulatory filings since the quarter ended show them
having increased the following positions: a) Papa Murphy’s (FRSH) – increased
from 2.3M shares to 2.53M shares (~15% of the business) at prices between $5
and $5.50, b) Trinity Place Holdings (TPHS) – increased from 4.3M shares to
4.64M shares (~7% of the business) at prices between $6.35 and $6.45.
Below is a spreadsheet that shows the changes to Michael
Price's MFP Investors US long portfolio holdings as of Q4 2017. For a look at
how the portfolio has progressed, see our previous update:
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