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
|
+$83.5M |
| 2 |
CTLP
Cantaloupe
CTLP
|
+$7.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
U-Haul Holding Co
UHAL
|
+$15.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.81% |
| 2 | Communication Services | 15.76% |
| 3 | Industrials | 14.09% |
| 4 | Energy | 11.29% |
| 5 | Technology | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$8.15B
| $706M | 16.47% |
2,351,068
| – | – |
|
2
Alphabet (Google) Class A
GOOGL
$4.22T
| $407M | 9.51% |
2,928,800
| – | – |
|
|
CHNG
3
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $370M | 8.64% |
16,978,220
| – | – |
|
4
TransDigm Group
TDG
$66.4B
| $351M | 8.2% |
539,305
| – | – |
|
5
Asbury Automotive
ABG
$3.86B
| $339M | 7.92% |
2,118,216
| – | – |
|
6
Meta Platforms (Facebook)
META
$1.4T
| $268M | 6.25% |
1,205,043
| – | – |
|
7
Willis Towers Watson
WTW
$31.8B
| $252M | 5.89% |
1,068,745
| – | – |
|
|
8
U-Haul Holding Co
UHAL
$13.9B
| $252M | 5.89% |
4,229,170
-250,610
| -6% | -$15.4M |
|
9
Energy Transfer Partners
ET
$73B
| $248M | 5.78% |
22,124,322
| – | – |
|
|
10
Coupang
CPNG
$29.6B
| $241M | 5.61% |
13,603,071
+3,908,261
| +40% | +$83.5M |
|
11
Kinder Morgan
KMI
$69B
| $236M | 5.51% |
12,476,200
| – | – |
|
12
Teva Pharmaceuticals
TEVA
$43.5B
| $226M | 5.27% |
24,046,356
| – | – |
|
13
Camping World
CWH
$676M
| $143M | 3.33% |
5,108,808
| – | – |
|
|
SGI
14
Somnigroup International
SGI
$13.6B
| $101M | 2.35% |
3,600,000
| – | – |
|
15
O-I Glass
OI
$1.1B
| $91.4M | 2.13% |
6,934,144
| – | – |
|
|
CTLP
16
DELISTED
Cantaloupe
CTLP
| $20.9M | 0.49% |
3,090,000
+1,000,000
| +48% | +$7.59M |
|
17
Nuvation Bio
NUVB
$2.43B
| $20M | 0.47% |
3,811,513
| – | – |
|
18
USCB Financial Holdings
USCB
$415M
| $12.3M | 0.29% |
859,354
| – | – |
|
Similar funds
David Abrams's Q1 2022 Portfolio in Review
As of Q1 2022, David Abrams held 18 positions worth $4.28B, down 6% from $4.56B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Trading was light in Q1 2022: 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 38% of assets, down from 40% a quarter earlier, followed by Communication Services and Industrials.
- David Abrams added most to Coupang in Q1 2022, an estimated $83.5M increase.
- David Abrams's biggest Q1 2022 reduction was U-Haul Holding Co, cutting an estimated $15.4M.
- David Abrams's ten largest holdings make up 80% of its $4.28B portfolio in Q1 2022.
- David Abrams opened 0 new positions and closed 0 in Q1 2022.
- David Abrams's portfolio value fell 6% quarter-over-quarter to $4.28B.
Based on Abrams Capital Management's 13F filing for Q1 2022, filed 13 May 2022.