Billionaire David Abrams is an investment guru and widely respected within the traders. He is popular for his unique investment strategies and holding the undervalued stocks for longer period to reap maximum benefit. He worked in Baupost Group for 10 long years before opening his own firm, Abrams Capital Management way back in the year 1999. Baupost Group was owned by Seth Karman. Since formation of the firms, Abrams performed well on the broader market index with an average return of 15% for the first 15 years. David Abrams is a successful hedge fund manager and a self-made billionaire and currently manages $10 billion of various assets. Abrams always prefers to diversify his investments in different categories like, private and illiquid investments foreign equity securities. The billionaire hedge fund manager buys indebted and depressed companies after chalking out long-term strategies. Earlier during 2020, he bought TransDigm Group at a time when the aviation industry was under pressure. Transdigm Group is an aircraft components supplier. This reflects Abrams strategy and he bought around half a million shares of the newly incorporated depressed company. In this article we have gathered Top 10 Stock Picks By Billionaire David Abrams as shared by Insider Monkey.
Willis Towers Watson Public Limited Company is one of the stock holdings of Billionaire David Abrams hedge fund. The firm started investing in Willis Towers way back in the year 2016. The Willis Towers’ shares did not perform well during 2020, mainly due to the pandemic. But if you review the past performance, the price of shares went up by 50% in five years. Moreover, the company has also raised dividends in past 3 years, and it has been offering cash returns in the form of dividends to the investors. PG&E Corporation is another company of which Abrams’ hedge fund is holding stocks. Abrams Capital Management invested in PG&E Corporation in the year 2019 and PG&E Corporation is one of the largest stocks holding of Abrams Capital Management. It accounts for 7.46% of the portfolio. During 2020, PG&E recovered since its shares were selloff in beginning of the year 2019. We have gathered very brief data about 2 companies only in this article. There are several other companies which might be of your interest. Read about more companies in this article Billionaire David Abrams’ Top 10 Stock Picks and see how the billionaire investor is increasing his assets.