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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
+1.47%
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
$2.52B
AUM Growth
-$93.3M
Cap. Flow
-$113M
Cap. Flow %
-4.49%
Top 10 Hldgs %
84.56%
Holding
20
New
3
Increased
2
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$213M
2
CARS icon
Cars.com
CARS
+$67.3M
3
UHAL icon
U-Haul Holding Co
UHAL
+$45.3M
4
SPH icon
Suburban Propane Partners
SPH
+$9.6M
5
ENT
Global Eagle Entertainment Inc.
ENT
+$3.44M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$328M
2
BKS
Barnes & Noble
BKS
+$54.2M
3
WBT
Welbilt, Inc.
WBT
+$30.7M
4
DBRG icon
DigitalBridge
DBRG
+$20.2M
5
VEON icon
VEON
VEON
+$18.6M

Sector Composition

Rank Sector Weight
1 Financials 52.25%
2 Communication Services 18.64%
3 Industrials 10.21%
4 Technology 8.48%
5 Consumer Discretionary 4.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WU icon
1
Western Union
WU
$2.28B
$412M 16.36%
21,608,707
– –
BEN icon
2
Franklin Templeton, Inc.
BEN
$17.4B
$356M 14.15%
7,945,023
– –
TWX
3
DELISTED
Time Warner Inc
TWX
$306M 12.17%
3,050,000
– –
AABA
4
DELISTED
Altaba Inc
AABA
$213M 8.48%
+3,914,805
New +$213M
WFC icon
5
Wells Fargo
WFC
$254B
$185M 7.36%
3,342,343
– –
WTW icon
6
Willis Towers Watson
WTW
$31.8B
$172M 6.84%
1,183,287
– –
UHAL icon
7
U-Haul Holding Co
UHAL
$13.9B
$144M 5.74%
3,946,100
+1,249,180
+46% +$45.3M
DBRG icon
8
DigitalBridge
DBRG
$2.95B
$133M 5.28%
2,354,864
-372,172
-14% -$20.2M
WBT
9
DELISTED
Welbilt, Inc.
WBT
$112M 4.47%
5,967,907
-1,573,159
-21% -$30.7M
BNED icon
10
Barnes & Noble Education
BNED
$418M
$93.2M 3.71%
87,715
– –
QCP
11
DELISTED
Quality Care Properties, Inc.
QCP
$91.5M 3.64%
5,000,000
– –
CARS icon
12
Cars.com
CARS
$654M
$66.6M 2.65%
+2,500,000
New +$67.3M
SCU
13
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$56.9M 2.26%
2,223,859
– –
VEON icon
14
VEON
VEON
$4.09B
$55M 2.18%
562,219
-188,619
-25% -$18.6M
KERX
15
DELISTED
Keryx Biopharmaceuticals Inc
KERX
$41.4M 1.64%
5,719,176
– –
BKS
16
DELISTED
Barnes & Noble
BKS
$26.7M 1.06%
3,508,735
-6,910,040
-66% -$54.2M
ENT
17
DELISTED
Global Eagle Entertainment Inc.
ENT
$24.9M 0.99%
280,000
+44,638
+19% +$3.44M
CCO icon
18
Clear Channel Outdoor Holdings
CCO
$1.21B
$16.3M 0.65%
3,354,390
– –
SPH icon
19
Suburban Propane Partners
SPH
$1.18B
$9.25M 0.37%
+388,969
New +$9.6M
MSFT icon
20
Microsoft
MSFT
$3.59T
– –
-4,980,000
Closed -$328M

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David Abrams's Q2 2017 Portfolio in Review

As of Q2 2017, David Abrams held 20 positions worth $2.52B, down 3.6% from $2.61B the previous quarter. Its ten largest holdings account for 85% of the portfolio.

David Abrams withdrew a net $113M in Q2 2017, closing 1 position and reducing 4 holdings. Its most notable exit was Microsoft, an estimated $328M position sold in full.

By sector, the portfolio is most concentrated in Financials at 52% of assets, up from 50% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, David Abrams opened a new position in Altaba Inc worth $213M.

  • David Abrams's largest Q2 2017 buy was Altaba Inc: 3,914,805 shares worth $213M.
  • David Abrams added most to U-Haul Holding Co in Q2 2017, an estimated $45.3M increase.
  • David Abrams's biggest Q2 2017 reduction was Barnes & Noble, cutting an estimated $54.2M.
  • David Abrams fully exited Microsoft in Q2 2017, selling an estimated $328M.
  • David Abrams's ten largest holdings make up 85% of its $2.52B portfolio in Q2 2017.
  • David Abrams opened 3 new positions and closed 1 in Q2 2017.
  • David Abrams's portfolio value fell 3.6% quarter-over-quarter to $2.52B.

Based on Abrams Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.