David Abrams
Abrams Capital Management
David Abrams (Abrams Capital Management) discloses a $4.64B portfolio across 11 US-listed positions in the latest 13F filing (2026Q1, filed May 14, 2026). The largest holding is LOAR at 39.6% of the book. The biggest move of the quarter: fully exited ET (was 1.8% of the book). Latticework's clone backtest puts this 13F book at -5.0%/yr vs SPY over 12.0 years.
About David Abrams
David Abrams founded Boston-based Abrams Capital Management after spending years as a senior analyst under Seth Klarman at Baupost Group — a lineage that shapes everything about how the fund is run. The style is deep-value, highly concentrated, and patient to a degree that most institutional allocators find difficult to tolerate: 11 disclosed positions with the top five accounting for roughly 83% of the equity book is not a transitional condition but a stable feature of the portfolio. Current weightings in names like LOAR, LAD, and ABG reflect a preference for competitively durable, capital-light or asset-backed businesses purchased at what Abrams judges to be a discount to intrinsic value. Because the fund also runs credit, private positions, and hedges that are structurally invisible to 13F filings, the public equity snapshot is partial by design — readers should treat it as a window into the long equity sleeve, not a complete picture of risk or return attribution.
2026Q1 brief
David Abrams' Abrams Capital Management ($4.64B, 11 positions) was nearly static in Q1 2026, with the only meaningful activity being a 67% trim of tiny NUVB (to 0.1%) and a full exit from ET (Energy Transfer, previously 1.8%) — the latter suggesting reduced appetite for midstream energy at current valuations. The portfolio remains extraordinarily concentrated, with LOAR (Loar Holdings, aerospace components) at a dominant 39.6% — a position that has ballooned to become one of the most outsized single-stock bets among all tracked super-investors. LAD (Lithia Motors, 13.4%), GOOGL (11.6%), SGI (9.2%), and ABG (Asbury Automotive, 9.1%) round out the top five, giving the book a heavy auto-retail tilt that is distinctly contrarian given ongoing EV transition uncertainty. META (4.0%) and CPNG (5.3%) provide tech and emerging-market e-commerce exposure. The ET exit is the cleanest signal — Abrams is de-risking energy while doubling down on industrials and auto. Watch whether LOAR concentration is allowed to grow further or trimmed back toward 35% as the stock moves.
AI-generated. Not investment advice.
In the news
all news →No recent news mentions of David Abrams.
Headlines via Google News. Links open in a new tab.
Holdings (11) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | LOAR | 39.6% | $1.84B | |||
| 2 | LAD | 13.4% | $622M | |||
| 3 | GOOGL | 11.6% | $537M | |||
| 4 | SGI | 9.2% | $429M | |||
| 5 | ABG | 9.1% | $421M | |||
| 6 | CPNG | 5.3% | $246M | |||
| 7 | WTW | 4.5% | $210M | |||
| 8 | META | 4.0% | $186M | |||
| 9 | UHAL/B | 3.1% | $145M | |||
| 10 | NUVB | 0.1% | $5M | |||
| 11 | UHAL | <0.1% | $2M |
- 1LOARport39.6%val$1.84BLoar Holdings Incthis Q hold·8q
- 2LADport13.4%val$622MLithia Motors Incthis Q hold·32q
- port11.6%val$537MAlphabet Inc-cl Athis Q hold·32q
- 4SGIport9.2%val$429MSomnigroup International Incthis Q hold·19q
- 5ABGport9.1%val$421MAsbury Automotive Groupthis Q hold·35q
- 6CPNGport5.3%val$246MCoupang Incthis Q hold·19q
- 7WTWport4.5%val$210MWillis Towers Watson Plc Ltdthis Q hold·38q
- 8METAport4.0%val$186MMeta Platforms Inc-class Athis Q hold·30q
- port3.1%val$145MU-haul Holding Co-non Votingthis Q hold·14q
- 10NUVBport0.1%val$5MNuvation Bio Incthis Q -67%·21q
- 11UHALport<0.1%val$2MU-haul Holding COthis Q hold·38q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| ET | Energy Transfer LP | EXIT | 1.8% | -100% | $0 |
| NUVB | Nuvation Bio Inc | TRIM | 0.1% | -67% | $5M |
- EXITET1.8%Energy Transfer LPΔ -100%·$0
- TRIMNUVB0.1%Nuvation Bio IncΔ -67%·$5M
Frequently asked questions
- What stocks does David Abrams own?
- As of 2026Q1, David Abrams's 13F discloses 11 positions worth $4.64B. The top five holdings: LOAR (39.6%), LAD (13.4%), GOOGL (11.6%), SGI (9.2%), ABG (9.1%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did David Abrams buy this quarter?
- The 2026Q1 filing shows no new purchases — no new positions were opened and no existing holdings were added to this quarter.
- How big is David Abrams's portfolio?
- $4.64B across 11 positions per the latest 13F (filed May 14, 2026). The top five holdings account for 83% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001358706). Not investment advice.