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Abrams Capital

Q2 2013 13F · by David Abrams, founder

As of
Jun 30, 2013
Filed
Aug 13, 2013
US stock
$1.7B
Positions
15
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

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

  • US stock listed on a US exchange 100.0%
  • 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 0.0%

Moves

First filing on record. Nothing to compare against.

The book

Very concentrated · behaves like 8 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 positions71% of US stock

  1. SLM SLM Corporation held held20.2%
  2. WU The Western Union Company held held17.2%
  3. AIG American International Group, Inc. held held12.3%
  4. unresolved Dell Inc held held11.6%
  5. WAIR WESCO Aircraft Holdings Inc. held held9.7%

Positions15 in this filing · 0 exited

SLMSLM Corporation20.16%15,248,864$349Mheld—new
WUThe Western Union Company17.18%17,362,477$297Mheld—new
AIGAmerican International Group, Inc.12.27%4,745,040$212Mheld—new
unresolvedDell Inc11.56%15,000,000$200Mheld—new
WAIRWESCO Aircraft Holdings Inc.9.69%9,025,335$168Mheld—new
TEVATeva Pharmaceutical Industries Limited5.81%2,561,269$100Mheld—new
AIZAssurant, Inc.4.42%1,500,000$76Mheld—new
unresolvedEngility Holdings Inc4.38%2,666,439$76Mheld—new
unresolvedCst Brands Inc3.56%2,000,000$62Mheld—new
unresolvedSanofi3.44%31,269,087$59Mheld—new
unresolvedBmc Software Inc3.21%1,230,000$56Mheld—new
MANTMantech International Corp2.67%1,767,330$46Mheld—new
unresolvedClear Channel Outdoor Hldgs1.45%3,354,390$25Mheld—new
Royal Bk Scotlnd Grp PLCconvertible0.14%115,305$2Mheld—new
Royal Bk Scotlnd Grp PLCconvertible0.07%57,380$1Mheld—new

Source

Form
13F-HR
Reading
0 defects · 6 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet