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David Abrams Abrams Capital Management
AUM
$5.48B
Turnover
0%
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
+10.07%
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
$3.16B
AUM Growth
+$69.7M
(+2.3%)
Cap. Flow
-$40.1M
Cap. Flow % of AUM
Cap. Flow %
-1.27%
Top 10 Holdings %
Top 10 Hldgs %
80.5%
Holding
20
New
–
Increased
1
Reduced
4
Closed
1
Avg Time Held
2.5
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
2.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energy Transfer Partners
ET
|
+$54.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Camping World
CWH
|
+$32.6M |
| 2 |
Franklin Templeton
BEN
|
+$31.8M |
| 3 |
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
|
+$24M |
| 4 |
SCU
Sculptor Capital Management, Inc. Class A Common Stock
SCU
|
+$6.01M |
| 5 |
PACD
Pacific Drilling S.A. Common Shares
PACD
|
+$201K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.69% |
| 2 | Communication Services | 16.86% |
| 3 | Industrials | 14.41% |
| 4 | Financials | 13.09% |
| 5 | Healthcare | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$6.36B
| $507M | 16.04% |
2,226,068
| – | – |
2018 Q2
9 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.64T
| $316M | 9.98% |
1,205,043
| – | – |
2018 Q4
7 quarters
|
|
3
TransDigm Group
TDG
$60.7B
| $256M | 8.1% |
539,305
| – | – |
2020 Q1
2 quarters
|
|
4
PG&E
PCG
$38B
| $235M | 7.42% |
25,000,000
| – | – |
2019 Q1
6 quarters
|
|
5
Willis Towers Watson
WTW
$30.3B
| $228M | 7.22% |
1,094,001
| – | – |
2016 Q4
15 quarters
|
|
6
Teva Pharmaceutical Industries Limited
TEVA
$46.1B
| $217M | 6.85% |
24,046,356
| – | – |
2017 Q3
12 quarters
|
|
7
Alphabet (Google) Class A
GOOGL
$3.95T
| $215M | 6.78% |
2,928,800
| – | – |
2018 Q2
9 quarters
|
|
8
Asbury Automotive
ABG
$3.06B
| $206M | 6.52% |
2,118,216
| – | – |
2017 Q3
12 quarters
|
|
9
U-Haul Holding Co
UHAL
$10.9B
| $200M | 6.32% |
5,612,580
| – | – |
2016 Q4
15 quarters
|
|
|
10
Franklin Templeton
BEN
$15.9B
| $167M | 5.28% |
8,203,848
-1,513,993
| -16% | -$31.8M |
2015 Q4
19 quarters
|
|
11
Kinder Morgan
KMI
$76.9B
| $154M | 4.86% |
12,476,200
| – | – |
2018 Q1
10 quarters
|
|
|
12
Camping World
CWH
$269M
| $152M | 4.8% |
5,108,808
-1,000,000
| -16% | -$32.6M |
2018 Q3
8 quarters
|
|
|
13
Energy Transfer Partners
ET
$70.5B
| $120M | 3.79% |
22,124,322
+8,596,830
| +64% | +$54.6M |
2020 Q1
2 quarters
|
|
14
O-I Glass
OI
$980M
| $73.4M | 2.32% |
6,934,144
| – | – |
2019 Q4
3 quarters
|
|
15
Transmedics
TMDX
$2.5B
| $48.2M | 1.52% |
3,499,859
| – | – |
2019 Q2
5 quarters
|
|
|
16
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $33.3M | 1.05% |
14,800,355
-8,402,514
| -36% | -$24M |
2019 Q4
3 quarters
|
|
|
SCU
17
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $18.7M | 0.59% |
1,591,174
-467,686
| -23% | -$6.01M |
2016 Q2
17 quarters
|
|
18
Akebia Therapeutics
AKBA
$162M
| $14.2M | 0.45% |
5,656,462
| – | – |
2018 Q3
8 quarters
|
|
19
DELISTED
Clear Channel Outdoor Holdings
CCO
| $3.35M | 0.11% |
3,354,390
| – | – |
2013 Q2
29 quarters
|
|
|
PACD
20
DELISTED
Pacific Drilling S.A. Common Shares
PACD
| – | – |
-406,076
| Closed | -$201K | – |
|
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David Abrams's Q3 2020 Portfolio in Review
As of Q3 2020, David Abrams held 20 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
David Abrams's Q3 2020 filing shows 1 increased, 4 reduced and 1 closed positions. The largest sale was Camping World, an estimated $32.6M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 24% a quarter earlier, followed by Communication Services and Industrials.
- David Abrams added most to Energy Transfer Partners in Q3 2020, an estimated $54.6M increase.
- David Abrams's biggest Q3 2020 reduction was Camping World, cutting an estimated $32.6M.
- David Abrams fully exited Pacific Drilling S.A. Common Shares in Q3 2020, selling an estimated $201K.
- David Abrams's ten largest holdings make up 81% of its $3.16B portfolio in Q3 2020.
- David Abrams opened 0 new positions and closed 1 in Q3 2020.
- David Abrams's portfolio value rose 2.3% quarter-over-quarter to $3.16B.
Based on Abrams Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.