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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
-9.35%
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
$1.4B
AUM Growth
-$75.8M
(-5.1%)
Cap. Flow
+$72.5M
Cap. Flow
% of AUM
5.19%
Top 10 Holdings %
Top 10 Hldgs %
91.08%
Holding
16
New
4
Increased
1
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Barnes & Noble Education
BNED
|
+$92.5M |
| 2 |
Manitowoc
MTW
|
+$85.4M |
| 3 |
CNL
CLECO CRP (HOLDING CO)
CNL
|
+$64.7M |
| 4 |
KERX
Keryx Biopharmaceuticals Inc
KERX
|
+$33.5M |
| 5 |
VEON
VEON
|
+$26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$159M |
| 2 |
Wendy's
WEN
|
+$47.9M |
| 3 |
BKS
Barnes & Noble
BKS
|
+$14.3M |
| 4 |
OPB
Opus Bank Common Stock
OPB
|
+$8.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.19% |
| 2 | Technology | 15.78% |
| 3 | Consumer Discretionary | 12.5% |
| 4 | Communication Services | 9.27% |
| 5 | Industrials | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Western Union
WU
$2.57B
| $397M | 28.4% |
21,608,707
| – | – |
|
2
Microsoft
MSFT
$2.84T
| $220M | 15.78% |
4,980,000
| – | – |
|
3
Wells Fargo
WFC
$261B
| $142M | 10.18% |
2,770,000
| – | – |
|
|
4
Barnes & Noble Education
BNED
$412M
| $90.8M | 6.5% |
+71,453
| New | +$92.5M |
|
|
BKS
5
DELISTED
Barnes & Noble
BKS
| $83.8M | 6% |
6,918,774
-891,289
| -11% | -$14.3M |
|
|
OPB
6
DELISTED
Opus Bank Common Stock
OPB
| $78.5M | 5.62% |
2,052,080
-218,185
| -10% | -$8.18M |
|
|
7
Manitowoc
MTW
$516M
| $75.2M | 5.38% |
+5,531,611
| New | +$85.4M |
|
|
CNL
8
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $63.9M | 4.57% |
+1,200,000
| New | +$64.7M |
|
|
INXN
9
DELISTED
Interxion Holding N.V.
INXN
| $63.6M | 4.55% |
2,347,788
| – | – |
|
|
ENT
10
DELISTED
Global Eagle Entertainment Inc.
ENT
| $57.4M | 4.11% |
200,000
| – | – |
|
|
11
VEON
VEON
$3.53B
| $42M | 3% |
408,000
+207,943
| +104% | +$26M |
|
|
MGI
12
DELISTED
MoneyGram International, Inc. New
MGI
| $41.1M | 2.94% |
5,130,000
| – | – |
|
13
Clear Channel Outdoor Holdings
CCO
$1.23B
| $23.9M | 1.71% |
3,354,390
| – | – |
|
|
KERX
14
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $17.6M | 1.26% |
+5,000,000
| New | +$33.5M |
|
|
15
Wendy's
WEN
$1.33B
| – | – |
-4,250,000
| Closed | -$47.9M |
|
|
DTV
16
DELISTED
DIRECTV COM STK (DE)
DTV
| – | – |
-1,714,262
| Closed | -$159M |
|
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Abrams Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Abrams Capital Management held 16 positions worth $1.4B, down 5.1% from $1.47B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Abrams Capital Management deployed $72.5M of net new capital in Q3 2015, opening 4 new positions and adding to 1 existing holding. Its largest new stake was Barnes & Noble Education: 71,453 shares worth $90.8M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 46% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Barnes & Noble, an estimated $14.3M trimmed.
- Abrams Capital Management's largest Q3 2015 buy was Barnes & Noble Education: 71,453 shares worth $90.8M.
- Abrams Capital Management added most to VEON in Q3 2015, an estimated $26M increase.
- Abrams Capital Management's biggest Q3 2015 reduction was Barnes & Noble, cutting an estimated $14.3M.
- Abrams Capital Management fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $159M.
- Abrams Capital Management's ten largest holdings make up 91% of its $1.4B portfolio in Q3 2015.
- Abrams Capital Management opened 4 new positions and closed 2 in Q3 2015.
- Abrams Capital Management's portfolio value fell 5.1% quarter-over-quarter to $1.4B.
Based on Abrams Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.