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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
+7.51%
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
$3.68B
AUM Growth
+$121M
Cap. Flow
+$11.3M
Cap. Flow %
0.31%
Top 10 Hldgs %
80.81%
Holding
20
New
1
Increased
1
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
TMDX icon
Transmedics
TMDX
+$95.5M
2
CWH icon
Camping World
CWH
+$15M

Top Sells

Rank Stock Value
1
ORLY icon
O'Reilly Automotive
ORLY
+$81.4M
2
BNED icon
Barnes & Noble Education
BNED
+$17.9M

Sector Composition

Rank Sector Weight
1 Healthcare 24.61%
2 Consumer Discretionary 18.86%
3 Utilities 17.54%
4 Financials 16.4%
5 Communication Services 9.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELG
1
DELISTED
Celgene Corp
CELG
$624M 16.96%
6,752,869
– –
PCG icon
2
PG&E
PCG
$38.8B
$573M 15.56%
25,000,000
– –
BEN icon
3
Franklin Templeton, Inc.
BEN
$17.4B
$340M 9.24%
9,772,486
– –
LAD icon
4
Lithia Motors
LAD
$8.15B
$273M 7.42%
2,300,000
– –
WTW icon
5
Willis Towers Watson
WTW
$31.8B
$213M 5.77%
1,109,811
– –
UHAL icon
6
U-Haul Holding Co
UHAL
$13.9B
$212M 5.77%
5,612,580
– –
META icon
7
Meta Platforms (Facebook)
META
$1.4T
$198M 5.37%
1,024,723
– –
ORLY icon
8
O'Reilly Automotive
ORLY
$72.1B
$197M 5.36%
8,008,290
-3,213,570
-29% -$81.4M
KMI icon
9
Kinder Morgan
KMI
$69B
$178M 4.84%
8,529,816
– –
TEVA icon
10
Teva Pharmaceuticals
TEVA
$43.5B
$167M 4.52%
18,046,356
– –
ABG icon
11
Asbury Automotive
ABG
$3.86B
$160M 4.36%
1,902,528
– –
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.22T
$134M 3.65%
2,482,340
– –
PACD
13
DELISTED
Pacific Drilling S.A. Common Shares
PACD
$93.4M 2.54%
7,414,537
– –
TMDX icon
14
Transmedics
TMDX
$3.29B
$87.8M 2.39%
+3,499,859
New +$95.5M
SPH icon
15
Suburban Propane Partners
SPH
$1.18B
$72.6M 1.97%
2,988,346
– –
CWH icon
16
Camping World
CWH
$676M
$63.5M 1.72%
5,108,808
+1,163,446
+29% +$15M
SCU
17
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$51.1M 1.39%
2,223,860
– –
AKBA icon
18
Akebia Therapeutics
AKBA
$251M
$27.4M 0.74%
5,656,462
– –
CCO icon
19
Clear Channel Outdoor Holdings
CCO
$1.21B
$15.8M 0.43%
3,354,390
– –
BNED icon
20
Barnes & Noble Education
BNED
$418M
– –
-42,604
Closed -$17.9M

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David Abrams's Q2 2019 Portfolio in Review

As of Q2 2019, David Abrams held 20 positions worth $3.68B, up 3.4% from $3.56B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

David Abrams's Q2 2019 filing shows 1 new, 1 increased, 1 reduced and 1 closed positions. Its largest new stake was Transmedics: 3,499,859 shares worth $87.8M. The largest sale was O'Reilly Automotive, an estimated $81.4M.

By sector, the portfolio is most concentrated in Healthcare at 25% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Utilities.

  • David Abrams's largest Q2 2019 buy was Transmedics: 3,499,859 shares worth $87.8M.
  • David Abrams added most to Camping World in Q2 2019, an estimated $15M increase.
  • David Abrams's biggest Q2 2019 reduction was O'Reilly Automotive, cutting an estimated $81.4M.
  • David Abrams fully exited Barnes & Noble Education in Q2 2019, selling an estimated $17.9M.
  • David Abrams's ten largest holdings make up 81% of its $3.68B portfolio in Q2 2019.
  • David Abrams opened 1 new position and closed 1 in Q2 2019.
  • David Abrams's portfolio value rose 3.4% quarter-over-quarter to $3.68B.

Based on Abrams Capital Management's 13F filing for Q2 2019, filed 9 Aug 2019.