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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kinder Morgan
KMI
|
+$162M |
| 2 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$26.5M |
| 3 |
Coupang
CPNG
|
+$3.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$2.02M |
| 5 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$1.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 39.03% |
| 2 | Industrials | 14.37% |
| 3 | Technology | 12.92% |
| 4 | Communication Services | 12.74% |
| 5 | Energy | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$6.44B
| $504M | 14.54% |
2,351,068
| – | – |
2018 Q2
17 quarters
|
|
|
CHNG
2
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $437M | 12.61% |
15,908,220
-1,070,000
| -6% | -$26.5M |
2021 Q1
6 quarters
|
|
3
Asbury Automotive
ABG
$3.05B
| $320M | 9.23% |
2,118,216
| – | – |
2017 Q3
20 quarters
|
|
4
TransDigm Group
TDG
$63.2B
| $283M | 8.16% |
539,305
| – | – |
2020 Q1
10 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$4.21T
| $278M | 8.03% |
2,910,600
-18,200
| -0.6% | -$2.02M |
2018 Q2
17 quarters
|
|
6
Energy Transfer Partners
ET
$69.2B
| $243M | 7% |
22,019,322
-105,000
| -0.5% | -$1.17M |
2020 Q1
10 quarters
|
|
|
7
Coupang
CPNG
$25.8B
| $223M | 6.44% |
13,395,026
-208,045
| -2% | -$3.6M |
2021 Q3
4 quarters
|
|
8
U-Haul Holding Co
UHAL
$10.8B
| $215M | 6.21% |
4,229,170
| – | – |
2016 Q4
23 quarters
|
|
9
Willis Towers Watson
WTW
$29.2B
| $215M | 6.19% |
1,068,745
| – | – |
2016 Q4
23 quarters
|
|
|
10
Teva Pharmaceutical Industries Limited
TEVA
$48.2B
| $193M | 5.56% |
23,899,296
-147,060
| -0.6% | -$1.3M |
2017 Q3
20 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.8T
| $164M | 4.71% |
1,205,043
| – | – |
2018 Q4
15 quarters
|
|
12
Camping World
CWH
$281M
| $129M | 3.73% |
5,108,808
| – | – |
2018 Q3
16 quarters
|
|
13
O-I Glass
OI
$907M
| $89.8M | 2.59% |
6,934,144
| – | – |
2019 Q4
11 quarters
|
|
14
Somnigroup International
SGI
$14.5B
| $86.9M | 2.51% |
3,600,000
| – | – |
2021 Q3
4 quarters
|
|
|
15
Kinder Morgan
KMI
$74.4B
| $56.2M | 1.62% |
3,377,688
-9,098,512
| -73% | -$162M |
2018 Q1
18 quarters
|
|
16
USCB Financial Holdings
USCB
$411M
| $11.1M | 0.32% |
845,394
-13,960
| -2% | -$179K |
2021 Q3
4 quarters
|
|
17
DELISTED
Cantaloupe
CTLP
| $10.8M | 0.31% |
3,090,000
| – | – |
2021 Q1
6 quarters
|
|
18
Nuvation Bio
NUVB
$1.57B
| $8.54M | 0.25% |
3,811,513
| – | – |
2021 Q1
6 quarters
|
|
Similar funds
David Abrams's Q3 2022 Portfolio in Review
As of Q3 2022, David Abrams held 18 positions worth $3.47B, down 6.8% from $3.72B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
David Abrams withdrew a net $197M in Q3 2022, reducing 7 holdings. Its largest reduction was Kinder Morgan, cutting an estimated $162M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, down from 39% a quarter earlier, followed by Industrials and Technology.
- David Abrams's biggest Q3 2022 reduction was Kinder Morgan, cutting an estimated $162M.
- David Abrams's ten largest holdings make up 84% of its $3.47B portfolio in Q3 2022.
- David Abrams opened 0 new positions and closed 0 in Q3 2022.
- David Abrams's portfolio value fell 6.8% quarter-over-quarter to $3.47B.
Based on Abrams Capital Management's 13F filing for Q3 2022, filed 10 Nov 2022.