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 |
Coupang
CPNG
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
U-Haul Holding Co
UHAL
|
+$81.6M |
| 2 |
Willis Towers Watson
WTW
|
+$5.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 39.66% |
| 2 | Communication Services | 18.2% |
| 3 | Industrials | 14.66% |
| 4 | Technology | 8.37% |
| 5 | Energy | 8.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$8.15B
| $698M | 15.32% |
2,351,068
| – | – |
|
2
Alphabet (Google) Class A
GOOGL
$4.22T
| $424M | 9.31% |
2,928,800
| – | – |
|
3
Meta Platforms (Facebook)
META
$1.4T
| $405M | 8.89% |
1,205,043
| – | – |
|
4
Asbury Automotive
ABG
$3.86B
| $366M | 8.03% |
2,118,216
| – | – |
|
|
CHNG
5
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $363M | 7.96% |
16,978,220
| – | – |
|
6
TransDigm Group
TDG
$66.4B
| $343M | 7.53% |
539,305
| – | – |
|
|
7
U-Haul Holding Co
UHAL
$13.9B
| $325M | 7.14% |
4,479,780
-1,132,800
| -20% | -$81.6M |
|
|
8
Coupang
CPNG
$29.6B
| $285M | 6.25% |
9,694,810
+5,280,534
| +120% | +$149M |
|
|
9
Willis Towers Watson
WTW
$31.8B
| $254M | 5.57% |
1,068,745
-25,256
| -2% | -$5.98M |
|
10
Camping World
CWH
$676M
| $206M | 4.53% |
5,108,808
| – | – |
|
11
Kinder Morgan
KMI
$69B
| $198M | 4.34% |
12,476,200
| – | – |
|
12
Teva Pharmaceuticals
TEVA
$43.5B
| $193M | 4.23% |
24,046,356
| – | – |
|
13
Energy Transfer Partners
ET
$73B
| $182M | 3.99% |
22,124,322
| – | – |
|
|
SGI
14
Somnigroup International
SGI
$13.6B
| $169M | 3.71% |
3,600,000
| – | – |
|
15
O-I Glass
OI
$1.1B
| $83.4M | 1.83% |
6,934,144
| – | – |
|
16
Nuvation Bio
NUVB
$2.43B
| $32.4M | 0.71% |
3,811,513
| – | – |
|
|
CTLP
17
DELISTED
Cantaloupe
CTLP
| $18.6M | 0.41% |
2,090,000
| – | – |
|
18
USCB Financial Holdings
USCB
$415M
| $12M | 0.26% |
859,354
| – | – |
|
Similar funds
David Abrams's Q4 2021 Portfolio in Review
As of Q4 2021, David Abrams held 18 positions worth $4.56B, down 0.58% from $4.59B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Trading was light in Q4 2021: portfolio turnover was 0%. David Abrams opened no new positions and made no exits, leaving the 18-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Communication Services and Industrials.
- David Abrams added most to Coupang in Q4 2021, an estimated $149M increase.
- David Abrams's biggest Q4 2021 reduction was U-Haul Holding Co, cutting an estimated $81.6M.
- David Abrams's ten largest holdings make up 81% of its $4.56B portfolio in Q4 2021.
- David Abrams opened 0 new positions and closed 0 in Q4 2021.
- David Abrams's portfolio value fell 0.58% quarter-over-quarter to $4.56B.
Based on Abrams Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.