Below are the billionaire David Abrams’ top 5 stock picks. To see a comprehensive list please see Billionaire David Abrams’ Top 10 Stock Picks.
5. Willis Towers Watson Public Limited Company (NASDAQ: WLTW)
Insurance broker Willis Towers Watson Public Limited Company (NASDAQ: WLTW) is among the long-running stock holdings of David Abrams Boston-based hedge fund. The firm initiated a position in Willis Towers in 2016. The insurance broker currently accounts for 7.26% of the overall portfolio.
Shares of Willis Towers underperformed this year due to the pandemic. Despite that, its shares are up 50% in the past five years. In addition, the company returns cash to investors in the form of dividends. It has raised dividends in the past three consecutive years. Its cost-cutting strategies helped in generating massive earnings and cash flows growth. Its September quarter earnings per share grew 60% year over year while free cash flows jumped 100% from the past year period.