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 |
U-Haul Holding Co
UHAL
|
+$62.7M |
| 2 |
SCU
Sculptor Capital Management, Inc. Class A Common Stock
SCU
|
+$9.7M |
| 3 |
QCP
Quality Care Properties, Inc.
QCP
|
+$9.6M |
| 4 |
ENT
Global Eagle Entertainment Inc.
ENT
|
+$4.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WBT
Welbilt, Inc.
WBT
|
+$71.1M |
| 2 |
MGI
MoneyGram International, Inc. New
MGI
|
+$60.6M |
| 3 |
SYT
Syngenta Ag
SYT
|
+$24.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 50.08% |
| 2 | Communication Services | 15.86% |
| 3 | Technology | 12.57% |
| 4 | Industrials | 9.61% |
| 5 | Consumer Discretionary | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Union
WU
$1.92B
| $440M | 16.85% |
21,608,707
| – | – |
2013 Q2
15 quarters
|
|
2
Franklin Templeton
BEN
$15.7B
| $335M | 12.83% |
7,945,023
| – | – |
2015 Q4
5 quarters
|
|
3
Microsoft
MSFT
$3.93T
| $328M | 12.57% |
4,980,000
| – | – |
2014 Q1
12 quarters
|
|
|
TWX
4
DELISTED
Time Warner Inc
TWX
| $298M | 11.42% |
3,050,000
| – | – |
2016 Q4
1 quarter
|
|
5
Wells Fargo
WFC
$252B
| $186M | 7.13% |
3,342,343
| – | – |
2013 Q4
13 quarters
|
|
6
Willis Towers Watson
WTW
$29.3B
| $155M | 5.94% |
1,183,287
| – | – |
2016 Q4
1 quarter
|
|
|
WBT
7
DELISTED
Welbilt, Inc.
WBT
| $148M | 5.67% |
7,541,066
-3,714,257
| -33% | -$71.1M |
2016 Q1
4 quarters
|
|
8
DELISTED
DigitalBridge
DBRG
| $141M | 5.4% |
2,727,036
| – | – |
2016 Q1
4 quarters
|
|
|
9
U-Haul Holding Co
UHAL
$11.1B
| $103M | 3.94% |
2,696,920
+1,668,320
| +162% | +$62.7M |
2016 Q4
1 quarter
|
|
|
BKS
10
DELISTED
Barnes & Noble
BKS
| $96.4M | 3.69% |
10,418,775
| – | – |
2014 Q1
12 quarters
|
|
|
QCP
11
DELISTED
Quality Care Properties, Inc.
QCP
| $94.3M | 3.61% |
5,000,000
+540,815
| +12% | +$9.6M |
2016 Q4
1 quarter
|
|
12
Barnes & Noble Education
BNED
$449M
| $84.1M | 3.22% |
87,715
| – | – |
2015 Q3
6 quarters
|
|
13
VEON
VEON
$5.73B
| $76.6M | 2.94% |
750,838
| – | – |
2015 Q1
8 quarters
|
|
|
SCU
14
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $50.3M | 1.93% |
2,223,859
+328,860
| +17% | +$9.7M |
2016 Q2
3 quarters
|
|
|
KERX
15
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $35.2M | 1.35% |
5,719,176
| – | – |
2015 Q3
6 quarters
|
|
16
DELISTED
Clear Channel Outdoor Holdings
CCO
| $20.3M | 0.78% |
3,354,390
| – | – |
2013 Q2
15 quarters
|
|
|
ENT
17
DELISTED
Global Eagle Entertainment Inc.
ENT
| $18.8M | 0.72% |
235,362
+35,362
| +18% | +$4.61M |
2013 Q4
13 quarters
|
|
|
MGI
18
DELISTED
MoneyGram International, Inc. New
MGI
| – | – |
-5,130,000
| Closed | -$60.6M | – |
|
|
SYT
19
DELISTED
Syngenta Ag
SYT
| – | – |
-315,024
| Closed | -$24.9M | – |
|
Similar funds
David Abrams's Q1 2017 Portfolio in Review
As of Q1 2017, David Abrams held 19 positions worth $2.61B, down 4.2% from $2.72B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
David Abrams's Q1 2017 filing shows 4 increased, 1 reduced and 2 closed positions. The largest sale was Welbilt, Inc., an estimated $71.1M.
By sector, the portfolio is most concentrated in Financials at 50% of assets, up from 49% a quarter earlier, followed by Communication Services and Technology.
- David Abrams added most to U-Haul Holding Co in Q1 2017, an estimated $62.7M increase.
- David Abrams's biggest Q1 2017 reduction was Welbilt, Inc., cutting an estimated $71.1M.
- David Abrams fully exited MoneyGram International, Inc. New in Q1 2017, selling an estimated $60.6M.
- David Abrams's ten largest holdings make up 85% of its $2.61B portfolio in Q1 2017.
- David Abrams opened 0 new positions and closed 2 in Q1 2017.
- David Abrams's portfolio value fell 4.2% quarter-over-quarter to $2.61B.
Based on Abrams Capital Management's 13F filing for Q1 2017, filed 12 May 2017.