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 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$35.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$16.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.2% |
| 2 | Communication Services | 17.26% |
| 3 | Industrials | 15.11% |
| 4 | Energy | 10.28% |
| 5 | Technology | 7.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$6.51B
| $808M | 17.96% |
2,351,068
| – | – |
2018 Q2
12 quarters
|
|
2
Meta Platforms (Facebook)
META
$1.77T
| $419M | 9.31% |
1,205,043
| – | – |
2018 Q4
10 quarters
|
|
3
Asbury Automotive
ABG
$3.08B
| $363M | 8.07% |
2,118,216
| – | – |
2017 Q3
15 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$4.18T
| $358M | 7.95% |
2,928,800
| – | – |
2018 Q2
12 quarters
|
|
5
TransDigm Group
TDG
$62.9B
| $349M | 7.76% |
539,305
| – | – |
2020 Q1
5 quarters
|
|
6
U-Haul Holding Co
UHAL
$11B
| $331M | 7.35% |
5,612,580
| – | – |
2016 Q4
18 quarters
|
|
|
CHNG
7
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $321M | 7.14% |
13,943,869
+1,543,869
| +12% | +$35.5M |
2021 Q1
1 quarter
|
|
8
Willis Towers Watson
WTW
$29.6B
| $252M | 5.59% |
1,094,001
| – | – |
2016 Q4
18 quarters
|
|
9
Teva Pharmaceutical Industries Limited
TEVA
$47.9B
| $238M | 5.29% |
24,046,356
| – | – |
2017 Q3
15 quarters
|
|
10
Energy Transfer Partners
ET
$69.6B
| $235M | 5.23% |
22,124,322
| – | – |
2020 Q1
5 quarters
|
|
11
Kinder Morgan
KMI
$74.7B
| $227M | 5.06% |
12,476,200
| – | – |
2018 Q1
13 quarters
|
|
|
12
PG&E
PCG
$39.8B
| $215M | 4.79% |
21,177,838
-1,567,170
| -7% | -$16.8M |
2019 Q1
9 quarters
|
|
13
Camping World
CWH
$289M
| $209M | 4.65% |
5,108,808
| – | – |
2018 Q3
11 quarters
|
|
14
O-I Glass
OI
$910M
| $113M | 2.52% |
6,934,144
| – | – |
2019 Q4
6 quarters
|
|
15
Nuvation Bio
NUVB
$1.64B
| $35.5M | 0.79% |
3,811,513
| – | – |
2021 Q1
1 quarter
|
|
16
DELISTED
Cantaloupe
CTLP
| $24.8M | 0.55% |
2,090,000
| – | – |
2021 Q1
1 quarter
|
|
Similar funds
David Abrams's Q2 2021 Portfolio in Review
As of Q2 2021, David Abrams held 16 positions worth $4.5B, up 1.3% from $4.44B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Trading was light in Q2 2021: portfolio turnover was 0%. David Abrams opened no new positions and made no exits, leaving the 16-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, down from 37% a quarter earlier, followed by Communication Services and Industrials.
- David Abrams added most to Change Healthcare Inc. Common Stock in Q2 2021, an estimated $35.5M increase.
- David Abrams's biggest Q2 2021 reduction was PG&E, cutting an estimated $16.8M.
- David Abrams's ten largest holdings make up 82% of its $4.5B portfolio in Q2 2021.
- David Abrams opened 0 new positions and closed 0 in Q2 2021.
- David Abrams's portfolio value rose 1.3% quarter-over-quarter to $4.5B.
Based on Abrams Capital Management's 13F filing for Q2 2021, filed 13 Aug 2021.