99% of Billionaire Abrams’ Portfolio is in These 11 Stocks

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9. Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Abrams Capital Management’s Q3 2024 Investment: $212.29 Million

Percentage of Abrams Capital Management’s Portfolio: 3.4%

Number of Hedge Fund Holders: 42

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is an advisory broking and solutions company. It specializes in delivering solutions for managing risks, optimizing benefits and expanding capabilities. The stock is up by more than 31% for the year, emerging as one of the top-performing stocks in Abrams Capital Management’s portfolio.

Willis Towers Watson (NASDAQ: WTW) has expanded its product range and reach in countries like Italy, Canada, the UK, and France through strategic acquisitions. This growth boosts cash flow, and WTW expects higher free cash flow margins in 2024. On November 20, WTW and Kayna announced a partnership with Vibrant to enhance supply chain security by combining Kayna’s technology with WTW’s insurance services.

Additionally, geographic diversification, solid customer retention levels, and a strong capital position are driving strong financial performance. Willis Towers Watson Public Limited Company (NASDAQ:WTW) delivered impressive results for the third quarter on October 31, 2024. Revenues in the quarter were up 5.7% to $2.29 billion, with earnings per share increasing to $2.93 from $2.24 a year ago.

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