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David Abrams Abrams Capital Management

AUM $5.48B
1-Year Est. Return 3.63%
 

David Abrams is the founder of Abrams Capital Management, a Boston-based firm with a flexible value-oriented mandate. A former Baupost Group investor, he is known for concentrated positions and a willingness to hold cash or unconventional securities when public equities are unattractive. Abrams Capital’s filings are followed for high-conviction ideas across equities and special situations.

This Fund
S&P 500
This Quarter Est. Return
-0.27%
1 Year Est. Return
+3.63%
3 Year Est. Return
+81.6%
5 Year Est. Return
+124.91%
10 Year Est. Return
+488.27%
AUM
$1.26B
AUM Growth
-$6.14M
Cap. Flow
+$18.7M
Cap. Flow %
1.48%
Top 10 Hldgs %
98.67%
Holding
15
New
2
Increased
1
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$128M
2
BKS
Barnes & Noble
BKS
+$37M
3
JCP
J.C. Penney Company, Inc.
JCP
+$3.61M

Top Sells

Rank Stock Value
1
WAIR
WESCO Aircraft Holdings Inc.
WAIR
+$94.9M
2
SLM icon
SLM Corp
SLM
+$48M
3
GCVRZ
Sanofi Contingent Value Rights
GCVRZ
+$3.96M
4
EGL
Engility Holdings, Inc.
EGL
+$3.42M

Sector Composition

Rank Sector Weight
1 Financials 68.05%
2 Consumer Discretionary 11.94%
3 Technology 11.09%
4 Communication Services 6.16%
5 Industrials 2.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WU icon
1
Western Union
WU
$2.28B
$284M 22.48%
17,362,477
– –
AIG icon
2
American International
AIG
$39.8B
$237M 18.78%
4,745,040
– –
SLM icon
3
SLM Corp
SLM
$4.97B
$201M 15.89%
22,944,963
-5,499,253
-19% -$48M
MSFT icon
4
Microsoft
MSFT
$3.59T
$140M 11.09%
+3,420,000
New +$128M
WFC icon
5
Wells Fargo
WFC
$254B
$138M 10.9%
2,770,000
– –
CST
6
DELISTED
CST Brands, Inc.
CST
$93.7M 7.42%
3,000,000
– –
ENT
7
DELISTED
Global Eagle Entertainment Inc.
ENT
$47.3M 3.75%
120,000
– –
BKS
8
DELISTED
Barnes & Noble
BKS
$44.2M 3.5%
+3,227,839
New +$37M
WAIR
9
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
$31M 2.46%
1,410,141
-4,355,398
-76% -$94.9M
CCO icon
10
Clear Channel Outdoor Holdings
CCO
$1.21B
$30.6M 2.42%
3,354,390
– –
JCP
11
DELISTED
J.C. Penney Company, Inc.
JCP
$12.9M 1.02%
1,500,000
+500,000
+50% +$3.61M
RBS.PRR
12
DELISTED
Royal Bank of Scotland Group Plc (The) ADR repstg USD Pfd Sh
RBS.PRR
$2.54M 0.2%
115,305
– –
RBS.PRP
13
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
$1.27M 0.1%
57,380
– –
EGL
14
DELISTED
Engility Holdings, Inc.
EGL
– –
-102,430
Closed -$3.42M
GCVRZ
15
DELISTED
Sanofi Contingent Value Rights
GCVRZ
– –
-11,658,873
Closed -$3.96M

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David Abrams's Q1 2014 Portfolio in Review

As of Q1 2014, David Abrams held 15 positions worth $1.26B, down 0.48% from $1.27B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

David Abrams's Q1 2014 filing shows 2 new, 1 increased, 2 reduced and 2 closed positions. Its largest new stake was Microsoft: 3,420,000 shares worth $140M. The largest sale was WESCO Aircraft Holdings Inc., an estimated $94.9M.

By sector, the portfolio is most concentrated in Financials at 68% of assets, down from 74% a quarter earlier, followed by Consumer Discretionary and Technology.

  • David Abrams's largest Q1 2014 buy was Microsoft: 3,420,000 shares worth $140M.
  • David Abrams added most to J.C. Penney Company, Inc. in Q1 2014, an estimated $3.61M increase.
  • David Abrams's biggest Q1 2014 reduction was WESCO Aircraft Holdings Inc., cutting an estimated $94.9M.
  • David Abrams fully exited Sanofi Contingent Value Rights in Q1 2014, selling an estimated $3.96M.
  • David Abrams's ten largest holdings make up 99% of its $1.26B portfolio in Q1 2014.
  • David Abrams opened 2 new positions and closed 2 in Q1 2014.
  • David Abrams's portfolio value fell 0.48% quarter-over-quarter to $1.26B.

Based on Abrams Capital Management's 13F filing for Q1 2014, filed 14 May 2014.