Abrams Capital Management Buys Celgene Corp, PG&E Corp, Sells The Western Union Co, Global Eagle Entertainment Inc, Barnes & Noble Education Inc

May 13, 2019

Investment company Abrams Capital Management buys Celgene Corp, PG&E Corp, sells The Western Union Co, Global Eagle Entertainment Inc, Barnes & Noble Education Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Abrams Capital Management. As of 2019Q1, Abrams Capital Management owns 19 stocks with a total value of $3.6 billion. These are the details of the buys and sells.

New Purchases: CELG, PCG,
Added Positions: FB, CWH,
Reduced Positions: ORLY, BEN, TEVA, BNED, UHAL, KMI,
Sold Out: WU, ENT,

For the details of David Abrams's stock buys and sells, go to https://www.gurufocus.com/guru/david+abrams/current-portfolio/portfolio

These are the top 5 holdings of David Abrams

Celgene Corp (CELG) - 6,752,869 shares, 17.89% of the total portfolio. New Position
PG&E Corp (PCG) - 25,000,000 shares, 12.50% of the total portfolio. New Position
Franklin Resources Inc (BEN) - 9,772,486 shares, 9.10% of the total portfolio. Shares reduced by 2.64%
O'Reilly Automotive Inc (ORLY) - 748,124 shares, 8.16% of the total portfolio. Shares reduced by 13.01%
Teva Pharmaceutical Industries Ltd (TEVA) - 18,046,356 shares, 7.95% of the total portfolio. Shares reduced by 2.57%

New Purchase: Celgene Corp (CELG)

Abrams Capital Management initiated holding in Celgene Corp. The purchase prices were between $64.09 and $94.34, with an estimated average price of $87.12. The stock is now traded at around $94.05. The impact to a portfolio due to this purchase was 17.89%. The holding were 6,752,869 shares as of .

New Purchase: PG&E Corp (PCG)

Abrams Capital Management initiated holding in PG&E Corp. The purchase prices were between $6.36 and $24.4, with an estimated average price of $16.19. The stock is now traded at around $18.23. The impact to a portfolio due to this purchase was 12.5%. The holding were 25,000,000 shares as of .

Sold Out: The Western Union Co (WU)

Abrams Capital Management sold out a holding in The Western Union Co. The sale prices were between $16.87 and $18.63, with an estimated average price of $17.97.

Sold Out: Global Eagle Entertainment Inc (ENT)

Abrams Capital Management sold out a holding in Global Eagle Entertainment Inc. The sale prices were between $0.71 and $2.71, with an estimated average price of $2.29.

Here is the complete portfolio of David Abrams. Also check out:

1. David Abrams's Undervalued Stocks
2. David Abrams's Top Growth Companies, and
3. David Abrams's High Yield stocks
4. Stocks that David Abrams keeps buying

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