David Abrams’ Top Stock Picks

David Abrams is considered to be a rising star in the hedge-fund industry. His fund, Abrams Capital Management, which was founded in 1999, has returned 20% since inception. He has $8 billion in assets under management and an equity portfolio valued at $1.4 billion, as of the second quarter. In his latest 13F filing, the investor revealed stakes in 15 companies, mainly in technology and financial sectors, which together make 81% of the total equity holdings. Abrams’ top three stocks for the quarter are The Western Union Company (NYSE:WU), American International Group Inc (NYSE:AIG), Wells Fargo & Co (NYSE:WFC). All three stakes make 54% of the total equity portfolio.

David Abrams

In the second quarter Abrams has bought additional 4 million shares of The Western Union Company (NYSE:WU), increasing its stake to 21.4 million shares. The holding has a value of $371 million and makes about 26% of the investor’s equity portfolio. The Western Union Company (NYSE:WU) has seen its stock rise 13.5% in the last quarter, to trade at $17.74, despite falling profits.

John W. Rogers’ Ariel Investments has a stake 13.9 million shares in The Western Union Company (NYSE:WU) as well, worth $242 million.

Abrams has not changed its stake in American International Group Inc (NYSE:AIG) since the last quarter. The investor still owns 4.7 million shares that have a market value of $258 million. The holding in American International Group Inc (NYSE:AIG) makes 18.29% of the total stocks. In the last quarter, the company’s stock has been flat, posting a percentage point increase.

Bruce Berkowitz’s Fairholme Capital Management is the largest shareholder in American International Group Inc (NYSE:AIG) from the hedge-funds tracked by insidermonkey.com. He has 69 million shares worth $3.8 billion.

Abrams also maintains his position in Wells Fargo & Co (NYSE:WFC), a bank holding company. He owns 2.7 million shares valued at $145 million. The stake in Wells Fargo & Co (NYSE:WFC), which is one of the biggest banks in the World, makes 10.28% of the stock portfolio. The company’s shares have not performed extremely well in the second quarter, rising by only 3.4%.

Warren Buffett’s Berkshire Hathaway is the largest shareholder in Wells Fargo & Co (NYSE:WFC), owning 463 million shares that have a market value of $24 billion.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!