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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
+0.18%
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
$3.03B
AUM Growth
-$451M
Cap. Flow
-$422M
Cap. Flow %
-13.95%
Top 10 Hldgs %
94.7%
Holding
17
New
–
Increased
1
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
LAD icon
Lithia Motors
LAD
+$12.2M

Top Sells

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$280M
2
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$91.6M
3
META icon
Meta Platforms (Facebook)
META
+$63.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 55.27%
2 Communication Services 19.25%
3 Energy 8.27%
4 Industrials 7.08%
5 Financials 5.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAD icon
1
Lithia Motors
LAD
$8.15B
$706M 23.33%
2,391,188
+40,120
+2% +$12.2M
ABG icon
2
Asbury Automotive
ABG
$3.86B
$485M 16.03%
2,108,540
– –
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.22T
$304M 10.04%
2,322,340
– –
META icon
4
Meta Platforms (Facebook)
META
$1.4T
$279M 9.21%
928,474
-209,652
-18% -$63.2M
ET icon
5
Energy Transfer Partners
ET
$73B
$250M 8.27%
17,834,322
– –
CPNG icon
6
Coupang
CPNG
$29.6B
$221M 7.31%
13,017,964
– –
UHAL.B icon
7
U-Haul Holding Co Series N
UHAL.B
$12.3B
$192M 6.34%
3,663,243
– –
WTW icon
8
Willis Towers Watson
WTW
$31.8B
$169M 5.57%
806,836
– –
SGI
9
Somnigroup International
SGI
$13.6B
$156M 5.16%
3,600,000
– –
CWH icon
10
Camping World
CWH
$676M
$104M 3.45%
5,108,808
– –
TEVA icon
11
Teva Pharmaceuticals
TEVA
$43.5B
$81.3M 2.68%
7,966,433
– –
CTLP
12
DELISTED
Cantaloupe
CTLP
$44.9M 1.48%
7,180,000
– –
UHAL icon
13
U-Haul Holding Co
UHAL
$13.9B
$22.2M 0.73%
407,027
– –
USCB icon
14
USCB Financial Holdings
USCB
$415M
$6.82M 0.23%
649,085
– –
NUVB icon
15
Nuvation Bio
NUVB
$2.43B
$5.11M 0.17%
3,811,513
– –
TDG icon
16
TransDigm Group
TDG
$66.4B
– –
-312,747
Closed -$280M
HZNP
17
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-890,993
Closed -$91.6M

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David Abrams's Q3 2023 Portfolio in Review

As of Q3 2023, David Abrams held 17 positions worth $3.03B, down 13% from $3.48B the previous quarter. Its ten largest holdings account for 95% of the portfolio.

David Abrams withdrew a net $422M in Q3 2023, closing 2 positions and reducing 1 holding. Its most notable exit was TransDigm Group, an estimated $280M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 55% of assets, up from 50% a quarter earlier, followed by Communication Services and Energy.

Against the trend, David Abrams added an estimated $12.2M to Lithia Motors.

  • David Abrams added most to Lithia Motors in Q3 2023, an estimated $12.2M increase.
  • David Abrams's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $63.2M.
  • David Abrams fully exited TransDigm Group in Q3 2023, selling an estimated $280M.
  • David Abrams's ten largest holdings make up 95% of its $3.03B portfolio in Q3 2023.
  • David Abrams opened 0 new positions and closed 2 in Q3 2023.
  • David Abrams's portfolio value fell 13% quarter-over-quarter to $3.03B.

Based on Abrams Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.