Microsoft Corporation (MSFT), Wells Fargo & Co (WFC), The Western Union Company (WU): Abrams Capital Management’s Top Picks

American International Group Inc (NYSE:AIG) was one of Abrams Capital’s top picks last quarter with a stake of 4.80 million shares. After entering a new position in the company in the second quarter of 2013, the hedge fund only altered its exposure to the stock once, purchasing 56,200 shares last year. Although the stock gained around 9% last year, American International Group Inc (NYSE:AIG) could be facing troubled times, as it recently reported a 67% decline in profits for the fourth quarter. Nevertheless, the company continues to be backed by several institutional investors, including Barry Rosenstein’s Jana Partners and Richard Perry’s Perry Capital.

Abrams Capital’s five largest holdings at the end of last year also included a position of 4.98 million shares of Microsoft Corporation (NASDAQ:MSFT) and a stake of 2.77 million shares in Wells Fargo & Co (NYSE:WFC). Considering Microsoft’s solid performance as of late and the bullish stance taken on it by institutional investors over the past year, it comes as no surprise to see this equity amongst Abrams Capital’s largest holdings. Ray Dalio’s Bridgewater Associates is also betting big on Microsoft Corporation (NASDAQ:MSFT), which was amongst its top picks last quarter. Meanwhile, in its last 13F filing, Warren Buffett’s Berkshire Hathaway disclosed ownership of more than 463 million shares of Wells Fargo & Co (NYSE:WFC) stock, making it the largest position in its $107 billion equity portfolio.

Disclosure: None