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David Abrams Abrams Capital Management

AUM $5.48B
1-Year Est. Return 3.63%
 

David Abrams is the founder of Abrams Capital Management, a Boston-based firm with a flexible value-oriented mandate. A former Baupost Group investor, he is known for concentrated positions and a willingness to hold cash or unconventional securities when public equities are unattractive. Abrams Capital’s filings are followed for high-conviction ideas across equities and special situations.

This Fund
S&P 500
This Quarter Est. Return
-2.13%
1 Year Est. Return
+3.63%
3 Year Est. Return
+81.6%
5 Year Est. Return
+124.91%
10 Year Est. Return
+488.27%
AUM
$1.91B
AUM Growth
-$203M
Cap. Flow
-$140M
Cap. Flow %
-7.31%
Top 10 Hldgs %
89.53%
Holding
19
New
1
Increased
2
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
SCU
Sculptor Capital Management, Inc. Class A Common Stock
SCU
+$59.9M
2
DBRG icon
DigitalBridge
DBRG
+$35.7M
3
BNED icon
Barnes & Noble Education
BNED
+$91.1K

Top Sells

Rank Stock Value
1
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$135M
2
INXN
Interxion Holding N.V.
INXN
+$81.2M
3
OPB
Opus Bank Common Stock
OPB
+$19.3M

Sector Composition

Rank Sector Weight
1 Financials 53.1%
2 Technology 13.31%
3 Industrials 12.2%
4 Consumer Discretionary 10.83%
5 Communication Services 6.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WU icon
1
Western Union
WU
$2.28B
$414M 21.65%
21,608,707
– –
BEN icon
2
Franklin Templeton, Inc.
BEN
$17.4B
$265M 13.85%
7,945,023
– –
MSFT icon
3
Microsoft
MSFT
$3.59T
$255M 13.31%
4,980,000
– –
WBT
4
DELISTED
Welbilt, Inc.
WBT
$198M 10.36%
11,255,323
– –
WFC icon
5
Wells Fargo
WFC
$254B
$131M 6.85%
2,770,000
– –
BKS
6
DELISTED
Barnes & Noble
BKS
$118M 6.18%
10,418,774
– –
DBRG icon
7
DigitalBridge
DBRG
$2.95B
$111M 5.82%
2,727,036
+750,000
+38% +$35.7M
BNED icon
8
Barnes & Noble Education
BNED
$418M
$89M 4.65%
87,715
+96
+0.1% +$91.1K
VEON icon
9
VEON
VEON
$4.09B
$72.8M 3.8%
750,838
– –
SCU
10
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$58.5M 3.05%
+1,538,427
New +$59.9M
KERX
11
DELISTED
Keryx Biopharmaceuticals Inc
KERX
$37.9M 1.98%
5,719,176
– –
NRF
12
DELISTED
NorthStar Realty Finance Corp.
NRF
$37.5M 1.96%
3,279,651
– –
OPB
13
DELISTED
Opus Bank Common Stock
OPB
$35.6M 1.86%
1,052,433
-543,962
-34% -$19.3M
MGI
14
DELISTED
MoneyGram International, Inc. New
MGI
$35.1M 1.84%
5,130,000
– –
ENT
15
DELISTED
Global Eagle Entertainment Inc.
ENT
$33.2M 1.73%
200,000
– –
CCO icon
16
Clear Channel Outdoor Holdings
CCO
$1.21B
$20.9M 1.09%
3,354,390
– –
OXSQ icon
17
Oxford Square Capital
OXSQ
$152M
$311K 0.02%
59,105
– –
INXN
18
DELISTED
Interxion Holding N.V.
INXN
– –
-2,347,788
Closed -$81.2M
TWC
19
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-661,000
Closed -$135M

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SCM
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NC
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GCM
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EI
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AP
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David Abrams's Q2 2016 Portfolio in Review

As of Q2 2016, David Abrams held 19 positions worth $1.91B, down 9.6% from $2.12B the previous quarter. Its ten largest holdings account for 90% of the portfolio.

David Abrams withdrew a net $140M in Q2 2016, closing 2 positions and reducing 1 holding. Its most notable exit was TIME WARNER CABLE INC NEW COM STK, an estimated $135M position sold in full.

By sector, the portfolio is most concentrated in Financials at 53% of assets, up from 47% a quarter earlier, followed by Technology and Industrials.

Against the trend, David Abrams opened a new position in Sculptor Capital Management, Inc. Class A Common Stock worth $58.5M.

  • David Abrams's largest Q2 2016 buy was Sculptor Capital Management, Inc. Class A Common Stock: 1,538,427 shares worth $58.5M.
  • David Abrams added most to DigitalBridge in Q2 2016, an estimated $35.7M increase.
  • David Abrams's biggest Q2 2016 reduction was Opus Bank Common Stock, cutting an estimated $19.3M.
  • David Abrams fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $135M.
  • David Abrams's ten largest holdings make up 90% of its $1.91B portfolio in Q2 2016.
  • David Abrams opened 1 new position and closed 2 in Q2 2016.
  • David Abrams's portfolio value fell 9.6% quarter-over-quarter to $1.91B.

Based on Abrams Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.