EDT A hedge fund’s promising stock pick

Market Watch – Last month, Abrams Capital Management, a $1.1 billion hedge fund managed by David Abrams, increased its total holdings of Wesco Aircraft Holdings WAIR +0.08% to 4.5 million shares. The fund now owns 5.2% of the company, along with significant holdings of Lamar Advertising LAMR -1.50% , H&R Block HRB -0.40% , and SLM SLM +0.13% .

Why has Abrams Capital increased its total ownership of Wesco to 4.5 million shares from 34,800 (as reported on March 31)?

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