David Abrams Abrams Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCU
Sculptor Capital Management, Inc. Class A Common Stock
SCU
|
+$6.25M |
| 2 |
BKS
Barnes & Noble
BKS
|
+$12 |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oxford Square Capital
OXSQ
|
+$311K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 54.96% |
| 2 | Technology | 14.24% |
| 3 | Industrials | 10.87% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Communication Services | 6.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Union
WU
$1.92B
| $450M | 22.33% |
21,608,707
| – | – |
2013 Q2
13 quarters
|
|
2
Microsoft
MSFT
$3.93T
| $287M | 14.24% |
4,980,000
| – | – |
2014 Q1
10 quarters
|
|
3
Franklin Templeton
BEN
$15.7B
| $283M | 14.03% |
7,945,023
| – | – |
2015 Q4
3 quarters
|
|
|
WBT
4
DELISTED
Welbilt, Inc.
WBT
| $183M | 9.06% |
11,255,323
| – | – |
2016 Q1
2 quarters
|
|
5
DELISTED
DigitalBridge
DBRG
| $141M | 7% |
2,727,036
| – | – |
2016 Q1
2 quarters
|
|
6
Wells Fargo
WFC
$252B
| $123M | 6.09% |
2,770,000
| – | – |
2013 Q4
11 quarters
|
|
|
BKS
7
DELISTED
Barnes & Noble
BKS
| $118M | 5.84% |
10,418,775
+1
| +0% | +$12 |
2014 Q1
10 quarters
|
|
8
Barnes & Noble Education
BNED
$449M
| $83.9M | 4.17% |
87,715
| – | – |
2015 Q3
4 quarters
|
|
|
SCU
9
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $74M | 3.67% |
1,704,065
+165,638
| +11% | +$6.25M |
2016 Q2
1 quarter
|
|
10
VEON
VEON
$5.73B
| $65.3M | 3.24% |
750,838
| – | – |
2015 Q1
6 quarters
|
|
|
NRF
11
DELISTED
NorthStar Realty Finance Corp.
NRF
| $43.2M | 2.14% |
3,279,651
| – | – |
2016 Q1
2 quarters
|
|
|
ENT
12
DELISTED
Global Eagle Entertainment Inc.
ENT
| $41.6M | 2.06% |
200,000
| – | – |
2013 Q4
11 quarters
|
|
|
OPB
13
DELISTED
Opus Bank Common Stock
OPB
| $37.2M | 1.85% |
1,052,433
| – | – |
2014 Q2
9 quarters
|
|
|
MGI
14
DELISTED
MoneyGram International, Inc. New
MGI
| $36.4M | 1.81% |
5,130,000
| – | – |
2014 Q4
7 quarters
|
|
|
KERX
15
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $30.4M | 1.51% |
5,719,176
| – | – |
2015 Q3
4 quarters
|
|
16
DELISTED
Clear Channel Outdoor Holdings
CCO
| $19.6M | 0.97% |
3,354,390
| – | – |
2013 Q2
13 quarters
|
|
|
17
Oxford Square Capital
OXSQ
$141M
| – | – |
-59,105
| Closed | -$311K | – |
|
Similar funds
David Abrams's Q3 2016 Portfolio in Review
As of Q3 2016, David Abrams held 17 positions worth $2.01B, up 5.3% from $1.91B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
David Abrams's Q3 2016 filing shows 2 increased and 1 closed positions. The largest sale was Oxford Square Capital, an estimated $311K.
By sector, the portfolio is most concentrated in Financials at 55% of assets, up from 53% a quarter earlier, followed by Technology and Industrials.
- David Abrams added most to Sculptor Capital Management, Inc. Class A Common Stock in Q3 2016, an estimated $6.25M increase.
- David Abrams fully exited Oxford Square Capital in Q3 2016, selling an estimated $311K.
- David Abrams's ten largest holdings make up 90% of its $2.01B portfolio in Q3 2016.
- David Abrams opened 0 new positions and closed 1 in Q3 2016.
- David Abrams's portfolio value rose 5.3% quarter-over-quarter to $2.01B.
Based on Abrams Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.