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David Abrams Abrams Capital Management

AUM $5.48B
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
+19.23%
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
+$358M
Cap. Flow
-$63.3M
Cap. Flow %
-2%
Top 10 Hldgs %
91.93%
Holding
16
New
–
Increased
1
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
CTLP
Cantaloupe
CTLP
+$21.8M

Top Sells

Rank Stock Value
1
TEVA icon
Teva Pharmaceuticals
TEVA
+$78.8M
2
META icon
Meta Platforms (Facebook)
META
+$4.24M
3
ABG icon
Asbury Automotive
ABG
+$2.05M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 45.7%
2 Communication Services 22.1%
3 Industrials 15.31%
4 Energy 7.03%
5 Financials 6.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAD icon
1
Lithia Motors
LAD
$8.15B
$538M 17.02%
2,351,068
– –
META icon
2
Meta Platforms (Facebook)
META
$1.4T
$456M 14.42%
2,151,858
-24,876
-1% -$4.24M
ABG icon
3
Asbury Automotive
ABG
$3.86B
$443M 14%
2,108,540
-9,676
-0.5% -$2.05M
TDG icon
4
TransDigm Group
TDG
$66.4B
$270M 8.54%
366,187
– –
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.22T
$243M 7.68%
2,339,440
– –
ET icon
6
Energy Transfer Partners
ET
$73B
$222M 7.03%
17,834,322
– –
CPNG icon
7
Coupang
CPNG
$29.6B
$215M 6.8%
13,439,964
– –
UHAL.B icon
8
U-Haul Holding Co Series N
UHAL.B
$12.3B
$190M 6.01%
3,663,243
– –
WTW icon
9
Willis Towers Watson
WTW
$31.8B
$187M 5.93%
806,836
– –
SGI
10
Somnigroup International
SGI
$13.6B
$142M 4.5%
3,600,000
– –
CWH icon
11
Camping World
CWH
$676M
$107M 3.37%
5,108,808
– –
TEVA icon
12
Teva Pharmaceuticals
TEVA
$43.5B
$70.5M 2.23%
7,966,433
-7,966,432
-50% -$78.8M
CTLP
13
DELISTED
Cantaloupe
CTLP
$40.9M 1.29%
7,180,000
+4,090,000
+132% +$21.8M
UHAL icon
14
U-Haul Holding Co
UHAL
$13.9B
$24.3M 0.77%
407,027
– –
USCB icon
15
USCB Financial Holdings
USCB
$415M
$6.42M 0.2%
649,085
– –
NUVB icon
16
Nuvation Bio
NUVB
$2.43B
$6.33M 0.2%
3,811,513
– –

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David Abrams's Q1 2023 Portfolio in Review

As of Q1 2023, David Abrams held 16 positions worth $3.16B, up 13% from $2.8B the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Trading was light in Q1 2023: 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 46% of assets, down from 46% a quarter earlier, followed by Communication Services and Industrials.

  • David Abrams added most to Cantaloupe in Q1 2023, an estimated $21.8M increase.
  • David Abrams's biggest Q1 2023 reduction was Teva Pharmaceuticals, cutting an estimated $78.8M.
  • David Abrams's ten largest holdings make up 92% of its $3.16B portfolio in Q1 2023.
  • David Abrams opened 0 new positions and closed 0 in Q1 2023.
  • David Abrams's portfolio value rose 13% quarter-over-quarter to $3.16B.

Based on Abrams Capital Management's 13F filing for Q1 2023, filed 12 May 2023.