First Security Group Inc (FSGI): Billionaire Michael Price Just Reported a Massive Stake

Looking at the entire picture, 13Ds reveal the goals of activist hedge fund managers. These talented managers are the most widely covered in the investment space, and look to impose their will to an already standing company.

In layman’s terms, it’s extremely important for retail investors to pay attention to Michael Price’s new investment into First Security Group Inc (NASDAQ:FSGI).

Though the media, analysts and the blogosphere at large reports on a wide range of equity-based methods of evaluation, there exists one that should be watched more closely: consensus hedge fund sentiment.

Quantitative analyses have shown that mimickers who copy specific hedge fund activity can outpace their index-focused peers by an average of eighteen percentage points each year) (see the details here).

Keying on First Security Group Inc, it’s important to note that there are zero of the other hedge funds we track were invested in First Security Group Inc (NASDAQ:FSGI) according to our database.

Just as important, we must note some other stocks in MFP Investors’s 13F portfolio, in addition to First Security Group Inc (NASDAQ:FSGI).

As follows, they include West Coast Bancorp (NASDAQ:WCBO), Intel Corporation (NASDAQ:INTC), and Citigroup Inc. (NYSE:C), and are mentioned on Page 2:

MFP Investors’s largest holding is West Coast Bancorp (NASDAQ:WCBO); the fund has 1,707,000 shares valued at about $37,810,000, according to its last 13F filing with the SEC. Aside from Mfp Investors, there are 12 other funds holding positions in West Coast Bancorp.

Intel Corporation (NASDAQ:INTC) is another holding of MFP, which has 1,710,000 shares worth $35,260,000. Michael Price also has 801,454 shares in Citigroup Inc. (NYSE:C); their value is estimated at $31,705,000. With this in mind, Insider Monkey will keep you in the loop regarding hedgies’ moves around First Security Group Inc (NASDAQ:FSGI), and the rest of the equity universe going forward.