General Dynamics Corporation (GD), Foster Wheeler AG (FWLT), Signet Jewelers Ltd. (SIG): Gavin Abrams’ Top Stock Picks

Abrams Bison Investments, a hedge run by Gavin Abrams, has filed its 13F with Securities and Exchange Commission, disclosing nine positions. Abrams, which founded the eponymous hedge-fund in 2000, is a value investor and generally focuses on long term investments and risk arbitrage. Historically he invests primarily in the US market. The current equity portfolio is very focused, with its three largest stakes in General Dynamics Corporation (NYSE:GD), Foster Wheeler AG (NASDAQ:FWLT) and Signet Jewelers Ltd. (NYSE:SIG) making more than 42% of all stock holdings. Across sectors, the investor seems to see potential in industrial companies and finance, which together make 67% of the portfolio.

General Dynamics Corporation (NYSE:GD)

The largest holding is in the $41 billion market cap defense and aerospace company General Dynamics Corporation (NYSE:GD), where Abrams has made no change in its stake compared to the previous quarter. He still owns 2.3 million shares that have a value of $279 million. The stake amasses as much as 23% of the total equity portfolio.

General Dynamics Corporation (NYSE:GD) can also be found in the equity portfolio of James A. Star‘s Longview Asset Management, which holds 33 million shares worth approximately $3.8 billion, and Louis Navellier‘s Navellier & Associates, which has beneficial ownership of 318,335 shares valued at $37 million.

The second biggest Abrams’ investment is in engineering and construction contractor Foster Wheeler AG (NASDAQ:FWLT), where he has sold 724,199 shares in the second quarter, decreasing the position by 11%. However, the investor still holds 5.4 million shares that are valued at around $184 million. The stake makes about 15.35% of the equity portfolio.

Kerr Neilson‘s Platinum Asset Management also sees Foster Wheeler AG (NASDAQ:FWLT) as a good investment, holding 9.3 million shares worth $318 billion.

The third largest holding is represented by the $8.6 billion market cap Signet Jewelers Ltd. (NYSE:SIG), a specialty retail jeweler. Abrams has sold 910,115 shares, shrinking its stake in Signet Jewelers Ltd. (NYSE:SIG) by 39%. The investor has now 1.4 million shares worth $164 million.

Keith Meister‘s Corvex Capital and Ken Griffin‘s Citadel Investment Group are the two largest investors in Signet Jewelers Ltd. (NYSE:SIG) among the hedge funds tracked by insidermonkey.com. The former has 5.4 million shares worth $622 million and the latter owns 2.3 million shares that have a value of $256 million.

Disclosure: none

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