Billionaire David Abrams Loves The Western Union Company (WU), Microsoft Corporation (MSFT), Wells Fargo & Co (WFC)

The second-largest holding is represented by Microsoft Corporation (NASDAQ:MSFT), in which Abrams Capital held 4.98 million shares worth $202.47 million at the end of the first quarter. Recently, Reuters reported that Microsoft is not planning to acquire Salesforce.com, Inc (NYSE:CRM), citing the company’s high valuation. Many people thought that Microsoft would buy Salesforce, which leads the $20-billion-a-year cloud CRM sector, given Microsoft’s goal of getting $20 billion in annual cloud revenues by 2018. For the first quarter of 2015, Microsoft Corporation (NASDAQ:MSFT) reported a 6% increase in revenues to $21.7 billion versus $20.4 billion in the same quarter last year. Earnings per share (EPS) for the quarter were $0.61 per share versus $0.68 a year ago. The company’s stock gained 22.14% during the past year. Another investor with a big position in Microsoft Corporation (NASDAQ:MSFT) is Jean-Marie Eveillard’s First Eagle Investment Management, which disclosed owning 34.44 million shares of the company as of the end of the first quarter. Microsoft Corporation (NASDAQ:MSFT) is one of the 10 most popular stocks among hedge funds.

Abrams Capital’s third favorite stock is Wells Fargo & Co (NYSE:WFC), in which it reported ownership of 2.77 million shares, worth $150.69 million. San Francisco-based Wells Fargo & Co (NYSE:WFC) is a community-based financial services company with $1.7 trillion in assets and a market cap of $288.9 billion, along with a P/E of 13.57. At the end of last month, the company reported a 7% increase in its quarterly dividend to $0.38 a share, with a yield of 2.70%. The largest shareholder of the company is Warren Buffett’s Berkshire Hathaway, which held 470.29 million shares of the company at the end of the first quarter.

Disclosure: None