David Abrams’ Hedge Fund Is Betting On These Stocks: The Western Union Company (WU), SLM Corp (SLM) & Others

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, David AbramsAbrams Capital Management, has disclosed its holdings as held at the end of the fourth quarter of 2013. The total value of the fund’s equity portfolio edged down to around $1.27 billion in the fourth quarter from about $1.28 billion as at the end of the third quarter.

David Abrams

We have picked Abrams Capital Management’s top five holdings in terms of value that the fund held in its equity portfolio at the end of last year.

First on the list is The Western Union Company (NYSE:WU) in which the fund owns 17.36 million shares, with a reported value of $299.50 million. The holding remained unchanged throughout the quarter; however the value of the holding fell from $323.98 million in the previous quarter. The Western Union Company (NYSE:WU) is engaged in money movement and provides a platform for payment service with an option to do recurring payments as well.

The next is SLM Corp (NASDAQ:SLM), the position remained unchanged with 10.17 million shares. While the value of the holding surged to $267.16 million from $253.13 million in the previous quarter. The company operates in various segments like consumer spending, business services and FFELP loans.

On the third spot is American International Group Inc (NYSE:AIG), in which the fund disclosed a $242.23 million stake, which comprises 4.75 million shares. The holding remained unchanged from the previous quarter, while the value of the holding increased from $230.75 million.

The next on the list is Wesco Aircraft Holdings Inc (NYSE:WAIR), in which Abrams trimmed its position to 5.77 million shares from 8.68 million shares held at the end of the previous quarter. The value of the current holding is $126.38 million.

Wells Fargo & Co (NYSE:WFC) is the fifth largest holding, which was added to the portfolio during the fourth quarter of 2013. Abrams Capital Management revealed owning 2.77 million shares of Wells Fargo & Co, with a reported value of $125.75 million.

In a separate filing Abrams Capital Management, disclosed that it has dumped its holdings in Mantech International Corp (NASDAQ:MANT). The fund held 860,920, at the end of the third quarter.

Disclosure: none

Recommended reading:

Hedge Fund News: Chase Coleman, Bill Ackman & George Soros

Hedge Funds Lost A Bundle After URS Corp (URS) Large Drop

Weiss Asset Management Top Picks Include HF2 Financial Management Inc (HTWO), Seabridge Gold, Inc. (USA) (SA) & More

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!