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 |
Meta Platforms (Facebook)
META
|
+$70.6M |
| 2 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$18.4M |
| 3 |
USCB Financial Holdings
USCB
|
+$5.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 55.63% |
| 2 | Communication Services | 17.91% |
| 3 | Industrials | 8.93% |
| 4 | Energy | 7.65% |
| 5 | Financials | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lithia Motors
LAD
$5.92B
| $787M | 24.47% |
2,391,188
| – | – |
2018 Q2
22 quarters
|
|
2
Asbury Automotive
ABG
$2.95B
| $474M | 14.74% |
2,108,540
| – | – |
2017 Q3
25 quarters
|
|
3
Alphabet (Google) Class A
GOOGL
$4.09T
| $324M | 10.08% |
2,322,340
| – | – |
2018 Q2
22 quarters
|
|
4
U-Haul Holding Co Series N
UHAL.B
$9.6B
| $258M | 8.02% |
3,663,243
| – | – |
2022 Q4
4 quarters
|
|
|
5
Meta Platforms (Facebook)
META
$1.78T
| $252M | 7.83% |
711,550
-216,924
| -23% | -$70.6M |
2018 Q4
20 quarters
|
|
6
Energy Transfer Partners
ET
$69.3B
| $246M | 7.65% |
17,834,322
| – | – |
2020 Q1
15 quarters
|
|
7
Coupang
CPNG
$24.9B
| $211M | 6.55% |
13,017,964
| – | – |
2021 Q3
9 quarters
|
|
8
Willis Towers Watson
WTW
$29.5B
| $195M | 6.05% |
806,836
| – | – |
2016 Q4
28 quarters
|
|
9
Somnigroup International
SGI
$14.5B
| $183M | 5.7% |
3,600,000
| – | – |
2021 Q3
9 quarters
|
|
10
Camping World
CWH
$278M
| $134M | 4.17% |
5,108,808
| – | – |
2018 Q3
21 quarters
|
|
|
11
Teva Pharmaceutical Industries Limited
TEVA
$47.4B
| $62.6M | 1.95% |
5,996,836
-1,969,597
| -25% | -$18.4M |
2017 Q3
25 quarters
|
|
12
DELISTED
Cantaloupe
CTLP
| $53.2M | 1.65% |
7,180,000
| – | – |
2021 Q1
11 quarters
|
|
13
U-Haul Holding Co
UHAL
$10.8B
| $29.2M | 0.91% |
407,027
| – | – |
2016 Q4
28 quarters
|
|
14
Nuvation Bio
NUVB
$1.7B
| $5.76M | 0.18% |
3,811,513
| – | – |
2021 Q1
11 quarters
|
|
|
15
USCB Financial Holdings
USCB
$412M
| $1.83M | 0.06% |
149,786
-499,299
| -77% | -$5.69M |
2021 Q3
9 quarters
|
|
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David Abrams's Q4 2023 Portfolio in Review
As of Q4 2023, David Abrams held 15 positions worth $3.22B, up 6.3% from $3.03B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Trading was light in Q4 2023: portfolio turnover was 0%. David Abrams opened no new positions and made no exits, leaving the 15-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Discretionary at 56% of assets, up from 55% a quarter earlier, followed by Communication Services and Industrials.
- David Abrams's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $70.6M.
- David Abrams's ten largest holdings make up 95% of its $3.22B portfolio in Q4 2023.
- David Abrams opened 0 new positions and closed 0 in Q4 2023.
- David Abrams's portfolio value rose 6.3% quarter-over-quarter to $3.22B.
Based on Abrams Capital Management's 13F filing for Q4 2023, filed 9 Feb 2024.