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Abrams Bison

Q2 2013 13F · by Gavin Abrams, portfolio manager

As of
Jun 30, 2013
Filed
Aug 14, 2013
US stock
$1.1B
Positions
9
Options notional
$157M
Documents
1· no amendments

Picture87.1% US stock

Mostly picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 87.1%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 12.9%

Moves

First filing on record. Nothing to compare against.

The book

Very concentrated · behaves like 7 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Turnover · first filing on record

  1. Low
  2. Moderate
  3. High

Top 5 positions78% of US stock

  1. GD General Dynamics Corporation held held24.1%
  2. SIG Signet Jewelers Limited held held19.5%
  3. unresolved Foster Wheeler AG held held13.3%
  4. BNY Bank of New York Mellon Corporation held held11.4%
  5. unresolved Aon PLC held held9.2%

Positions9 in this filing · 0 exited

GDGeneral Dynamics Corporation24.14%3,270,000$256Mheld—new
SIGSignet Jewelers Limited19.51%3,070,000$207Mheld—new
unresolvedFoster Wheeler AG13.33%6,516,685$141Mheld—new
BNYBank of New York Mellon Corporation11.37%4,300,000$121Mheld—new
unresolvedAon PLC9.22%1,520,000$98Mheld—new
PXDPioneer Natural Resource Co.8.73%640,000$93Mheld—new
RNRRenaissanceRe Holdings Ltd.5.73%700,657$61Mheld—new
unresolvedDell Inc5.59%4,450,000$59Mheld—new
PFEPfizer Inc.2.38%900,000$25Mheld—new

Other 13(f) securities

Options 1

Contract% of notionalSharesNotional
GD CALL100.00%2,000,000$157M

Notes 0

None in this filing

Source

Form
13F-HR
Reading
0 defects · 3 unresolved
Notes
none in this filing
SEC cross-check
SEC data set not published yet