Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Intel Corporation (INTC), Hess Corp. (HES), Boston Scientific Corporation (BSX): Billionaire Michael Price’s Favorite Stocks

Page 1 of 2

The latest round of 13F filings is complete and our Insider Monkey team is busy pouring over the hundreds of filings from some of Wall Street’s most influential and talented investors, with several quarterly reports on overall hedge fund activity forthcoming. In the meantime, let’s take a look at the top picks of billionaire Michael Price of MFP Investors, a New York-based fund he founded in 1998. Price got his start in finance when he was hired by Max Heine right after he graduated from college at the University of Oklahoma. He was making $200-a-week as a research assistant. After the death of Max Heine, he took control of the firm and increased the value of its funds to more than $17 billion before selling the business to Franklin Securities in 1996 for $670 million. Considered an expert in value investing, Price also developed a reputation as an activist investor when he was in control of the larger funds. Since then, Price has returned to a smaller family office fund and to a simpler methodology of value investing.  Price’s net worth is currently estimated to be $1.4 billion.

Michael Price

Why do we follow Michael Price? One of the most common objections to incorporating 13F filings into an investment strategy is that the information in these filings is a bit out of date; the most recent round of filings discloses hedge funds’ long equity positions as of the end of March. However, we’ve found in our research that the most popular small-cap stocks among hedge funds earn an average return of 18 percentage points per year regardless. This is especially true of value investors like Price, as even though their 13F filings are delayed, we can compare them to those from years ago to see which stocks these investors have liked over a longer time frame and therefore are still likely to own. Here are three stocks which Michael Price’s MFP Investors owned at least a $10 million position in as of its latest filing. Price hasn’t adjusted the positions of any of these three stocks since the previous filing, underscoring our point.

At the end of the first quarter, Price and his team continue to hold 1.85 million shares of Intel Corporation (NASDAQ:INTC), with their total value amounting to $57.85 million. Price has been involved in this stock for quite some time, dating back to the fourth quarter of 2011. Out of the funds we track, Jean-Marie Eveillard’s First Eagle Investment Management and Ken Fisher’s Fisher Asset Management are the largest holders of Intel Corporation (NASDAQ:INTC). Intel Corporation (NASDAQ:INTC) has had a tough start so far this year, with shares falling by over 9% year-to-date. Nonetheless, investors remain bullish on the company, as the global demand for its chips should continue to increase as the number of electronic devices increases globally.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!