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 |
Cantaloupe
CTLP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$78.8M |
| 2 |
Meta Platforms (Facebook)
META
|
+$4.24M |
| 3 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$6.29B
| $538M | 17.02% |
2,351,068
| – | – |
2018 Q2
19 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.68T
| $456M | 14.42% |
2,151,858
-24,876
| -1% | -$4.24M |
2018 Q4
17 quarters
|
|
|
3
Asbury Automotive
ABG
$3.03B
| $443M | 14% |
2,108,540
-9,676
| -0.5% | -$2.05M |
2017 Q3
22 quarters
|
|
4
TransDigm Group
TDG
$61.8B
| $270M | 8.54% |
366,187
| – | – |
2020 Q1
12 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$4.01T
| $243M | 7.68% |
2,339,440
| – | – |
2018 Q2
19 quarters
|
|
6
Energy Transfer Partners
ET
$68.5B
| $222M | 7.03% |
17,834,322
| – | – |
2020 Q1
12 quarters
|
|
7
Coupang
CPNG
$25.5B
| $215M | 6.8% |
13,439,964
| – | – |
2021 Q3
6 quarters
|
|
8
U-Haul Holding Co Series N
UHAL.B
$9.7B
| $190M | 6.01% |
3,663,243
| – | – |
2022 Q4
1 quarter
|
|
9
Willis Towers Watson
WTW
$30.5B
| $187M | 5.93% |
806,836
| – | – |
2016 Q4
25 quarters
|
|
10
Somnigroup International
SGI
$15.2B
| $142M | 4.5% |
3,600,000
| – | – |
2021 Q3
6 quarters
|
|
11
Camping World
CWH
$290M
| $107M | 3.37% |
5,108,808
| – | – |
2018 Q3
18 quarters
|
|
|
12
Teva Pharmaceutical Industries Limited
TEVA
$46.4B
| $70.5M | 2.23% |
7,966,433
-7,966,432
| -50% | -$78.8M |
2017 Q3
22 quarters
|
|
|
13
DELISTED
Cantaloupe
CTLP
| $40.9M | 1.29% |
7,180,000
+4,090,000
| +132% | +$21.8M |
2021 Q1
8 quarters
|
|
14
U-Haul Holding Co
UHAL
$10.9B
| $24.3M | 0.77% |
407,027
| – | – |
2016 Q4
25 quarters
|
|
15
USCB Financial Holdings
USCB
$420M
| $6.42M | 0.2% |
649,085
| – | – |
2021 Q3
6 quarters
|
|
16
Nuvation Bio
NUVB
$1.67B
| $6.33M | 0.2% |
3,811,513
| – | – |
2021 Q1
8 quarters
|
|
Similar funds
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 Pharmaceutical Industries Limited, 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.