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ACM

Abrams Capital Management Portfolio holdings

AUM $4.64B
1-Year Est. Return 1.52%
This Fund
S&P 500
This Quarter Est. Return
+4.01%
1 Year Est. Return
-1.52%
3 Year Est. Return
+72.02%
5 Year Est. Return
+85.41%
10 Year Est. Return
+362.14%
AUM
$1.34B
AUM Growth
-$586M
Cap. Flow
-$623M
Cap. Flow %
-46.37%
Top 10 Hldgs %
96.32%
Holding
16
New
1
Increased
2
Reduced
1
Closed
4

Top Buys

1
DTV
DIRECTV COM STK (DE)
DTV
+$60.5M
2
MGI
MoneyGram International, Inc. New
MGI
+$17.9M
3
VEON icon
VEON
VEON
+$14M

Top Sells

1
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$302M
2
AIG icon
American International
AIG
+$269M
3
CST
CST Brands, Inc.
CST
+$81.3M
4
RYAM icon
Rayonier Advanced Materials
RYAM
+$54.2M
5
JCP
J.C. Penney Company, Inc.
JCP
+$9.72M

Sector Composition

1 Financials 49.86%
2 Technology 23.92%
3 Consumer Discretionary 9.86%
4 Communication Services 8.6%
5 Industrials 2.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WU icon
1
Western Union
WU
$2.61B
$450M 33.44%
21,608,707
– –
MSFT icon
2
Microsoft
MSFT
$2.98T
$202M 15.06%
4,980,000
– –
WFC icon
3
Wells Fargo
WFC
$267B
$151M 11.21%
2,770,000
– –
DTV
4
DELISTED
DIRECTV COM STK (DE)
DTV
$119M 8.86%
1,400,000
+700,000
+100% +$60.5M
BKS
5
DELISTED
Barnes & Noble
BKS
$97.7M 7.27%
6,278,558
– –
OPB
6
DELISTED
Opus Bank Common Stock
OPB
$70.1M 5.21%
2,270,265
– –
ENT
7
DELISTED
Global Eagle Entertainment Inc.
ENT
$66.5M 4.95%
200,000
– –
INXN
8
DELISTED
Interxion Holding N.V.
INXN
$66.2M 4.92%
2,347,788
– –
MGI
9
DELISTED
MoneyGram International, Inc. New
MGI
$37.8M 2.81%
4,375,590
+2,062,500
+89% +$17.9M
CST
10
DELISTED
CST Brands, Inc.
CST
$34.8M 2.59%
794,686
-1,871,994
-70% -$81.3M
CCO icon
11
Clear Channel Outdoor Holdings
CCO
$1.23B
$33.9M 2.52%
3,354,390
– –
VEON icon
12
VEON
VEON
$3.57B
$15.5M 1.15%
+118,398
New +$14M
AIG icon
13
American International
AIG
$41.4B
– –
-4,801,276
Closed -$269M
RYAM icon
14
Rayonier Advanced Materials
RYAM
$550M
– –
-2,430,800
Closed -$54.2M
JCP
15
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-1,500,000
Closed -$9.72M
COV
16
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
– –
-2,950,000
Closed -$302M

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LPPI
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MRC
Millburn Ridgefield Corp New York $4.65B AUM 15.85% 1-Year Est. Return
KCM
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DWM
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ASC
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CWG
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ECM
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Abrams Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Abrams Capital Management held 16 positions worth $1.34B, down 30% from $1.93B the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Abrams Capital Management withdrew a net $623M in Q1 2015, closing 4 positions and reducing 1 holding. Its most notable exit was COVIDIEN PLC COM SHS NEW (IRELAND), an estimated $302M position sold in full.

By sector, the portfolio is most concentrated in Financials at 50% of assets, up from 45% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Abrams Capital Management opened a new position in VEON worth $15.5M.

  • Abrams Capital Management's largest Q1 2015 buy was VEON: 118,398 shares worth $15.5M.
  • Abrams Capital Management added most to DIRECTV COM STK (DE) in Q1 2015, an estimated $60.5M increase.
  • Abrams Capital Management's biggest Q1 2015 reduction was CST Brands, Inc., cutting an estimated $81.3M.
  • Abrams Capital Management fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q1 2015, selling an estimated $302M.
  • Abrams Capital Management's ten largest holdings make up 96% of its $1.34B portfolio in Q1 2015.
  • Abrams Capital Management opened 1 new position and closed 4 in Q1 2015.
  • Abrams Capital Management's portfolio value fell 30% quarter-over-quarter to $1.34B.

Based on Abrams Capital Management's 13F filing for Q1 2015, filed 14 May 2015.