WhaleCreep

Abrams Capital Management, L.P. 13F holdings, Q4 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-12-31, filed 2018-02-13

Abrams Capital Management, L.P. disclosed 20 US equity positions worth $3.0bn in its Q4 2017 13F filing. Its largest position is WU at 13.8% of the reported book, followed by TEVA and BEN. Versus Q3 2017 it opened 2 new positions, added to 5, reduced 4 and exited 0.

$3.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
20
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.8%
Largest position
The largest single position as a share of the reported equity book.
85.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
82
Quarters on file since Q1 2006
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2017: 2 new, 5 added, 4 reduced, 0 exited

20 rows
WU WESTERN UN COFinancial Services13.8%$411m21.61m0.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare12.6%$374m19.74m−8.7%reduced
BEN FRANKLIN RESOURCES INCFinancial Services11.6%$344m7.95m0.0%held
AABAUSD ALTABA INC–9.2%$273m3.91m0.0%held
TWXCHF TIME WARNER INC–9.2%$273m2.98m–new
ORLY OREILLY AUTOMOTIVE INCConsumer Cyclical7.2%$212m883,194+3.4%added
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services6.0%$178m1.18m0.0%held
WFC WELLS FARGO & COFinancial Services5.8%$174m2.86m−14%reduced
UHAL U HAUL HOLDING COMPANYIndustrials5.0%$149m394,6100.0%held
PCG PG&E CORPUtilities4.9%$146m3.25m–new
QUALITY CARE PPTYS INC no ticker–2.4%$70.1m5.08m+1.6%added
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical2.3%$69.4m1.09m+8.5%added
COLONY NORTHSTAR INC no ticker–1.9%$55.8m4.89m−14%reduced
OCH ZIFF CAP MGMT GROUP no ticker–1.9%$55.6m22.24m0.0%held
BNEDUSD BARNES & NOBLE ED INC–1.8%$53.9m6.54m−25%reduced
KERYX BIOPHARMACEUTICALS INC no ticker–1.5%$45.2m9.72m+70%added
SPH SUBURBAN PROPANE PARTNERS LUtilities1.2%$36.5m1.51m+121%added
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical0.6%$17.8m250,4710.0%held
GLOBAL EAGLE ENTMT INC no ticker–0.5%$16.0m7.00m0.0%held
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services0.5%$15.4m3.35m0.0%held

Sector mix

  • Financial Services37.3%
  • Unclassified28.4%
  • Healthcare12.6%
  • Consumer Cyclical10.1%
  • Utilities6.1%
  • Industrials5.0%
  • Communication Services0.5%

Book over time

Every quarter on file (82)
QuarterPositionsEquity book
Q2 202611$5.5bn
Q1 202611$4.6bn
Q4 202512$5.7bn
Q3 202513$6.2bn
Q2 202513$6.1bn
Q1 202513$5.6bn
Q4 202413$6.2bn
Q3 202414$6.2bn
Q2 202414$5.1bn
Q1 202413$3.2bn
Q4 202315$3.2bn
Q3 202315$3.0bn
Q2 202317$3.5bn
Q1 202316$3.2bn
Q4 202216$2.8bn
Q3 202218$3.5bn
Q2 202218$3.7bn
Q1 202218$4.3bn
Q4 202118$4.6bn
Q3 202118$4.6bn
Q2 202116$4.5bn
Q1 202116$4.4bn
Q4 202017$3.5bn
Q3 202019$3.2bn
Q2 202020$3.1bn
Q1 202022$2.5bn
Q4 201921$3.2bn
Q3 201920$3.6bn
Q2 201919$3.7bn
Q1 201919$3.6bn
Q4 201819$2.4bn
Q3 201822$3.8bn
Q2 201822$3.6bn
Q1 201820$3.2bn
Q4 201720$3.0bn
Q3 201718$2.6bn
Q2 201719$2.5bn
Q1 201717$2.6bn
Q4 201619$2.7bn
Q3 201616$2.0bn
Q2 201617$1.9bn
Q1 201618$2.1bn
Q4 201516$1.8bn
Q3 201514$1.4bn
Q2 201512$1.5bn
Q1 201512$1.3bn
Q4 201415$1.9bn
Q3 201413$1.7bn
Q2 201415$1.4bn
Q1 201413$1.3bn
Q4 201313$1.3bn
Q3 201311$1.3bn
Q2 201315$1.7bn
Q1 201312$1.0bn
Q4 201215$1.0bn
Q3 201215$899m
Q2 201215$940m
Q1 201216$1.1bn
Q4 201120$1.2bn
Q3 201120$1.1bn
Q2 201115$1.0bn
Q1 201112$1.0bn
Q4 20109$686m
Q3 20108$574m
Q2 201010$621m
Q1 201010$818m
Q4 200911$868m
Q3 200911$835m
Q2 200911$637m
Q1 200913$502m
Q4 200813$508m
Q3 200816$1.0bn
Q2 200819$1.7bn
Q1 200816$1.5bn
Q4 200715$1.8bn
Q3 200712$1.7bn
Q2 200717$2.2bn
Q1 200716$1.8bn
Q4 200615$1.3bn
Q3 200618$1.4bn
Q2 200619$1.5bn
Q1 200618$1.4bn

Where Abrams Capital Management, L.P. was early

35 rows
MA MASTERCARD INCQ2 20061 of 2631.7%4.1%4Exited by Q3 2007+246%
SGI SOMNIGROUP INTERNATIONAL INCQ2 20063 of 1913.0%9.2%24Held at last filing, Q2 2026+2221%
MHK MOHAWK INDS INCQ4 20066 of 1737.4%12.5%16Exited by Q4 2010−29%
POOL POOL CORPORATIONQ4 20073 of 1550.3%1.8%4Exited by Q4 2008+18%
DISH DISH NETWORK CORPQ1 20082 of 1388.8%11.1%8Exited by Q1 2010−28%
ABG ASBURY AUTOMOTIVE GROUP INCQ2 20082 of 1031.2%16.0%41Held at last filing, Q2 2026+1465%
PM PHILIP MORRIS INTL INCQ2 20083 of 1698.7%8.7%2Exited by Q4 2008−2.6%
MWA MUELLER WTR PRODS INCQ1 20091 of 962.0%2.0%2Exited by Q3 2009+13%
PMT PENNYMAC MTG INVT TRQ3 20091 of 822.7%3.6%10Exited by Q1 2012−17%
CCO CLEAR CHANNEL OUTDOOR HLDGSQ3 20092 of 1302.8%6.8%46Exited by Q1 2021−76%
HRB BLOCK H & R INCQ1 20117 of 12316.9%19.4%6Exited by Q3 2012−4.5%
OHI OMEGA HEALTHCARE INVS INCQ3 20111 of 930.7%2.4%3Exited by Q2 2012+33%
GNW GENWORTH FINL INCQ3 20116 of 1301.6%1.6%2Exited by Q1 2012+14%
TEVA TEVA PHARMACEUTICAL INDS LTDQ3 201115 of 1827.4%14.9%34Exited by Q1 2024−72%
AIZ ASSURANT INCQ1 20136 of 1116.5%6.5%2Exited by Q3 2013+13%
WU WESTERN UN COQ1 201312 of 13321.8%33.4%24Exited by Q1 2019+13%
WFC WELLS FARGO CO NEWQ4 201315 of 2129.9%11.2%17Exited by Q1 2018+34%
MSFT MICROSOFT CORPQ1 201419 of 37411.1%15.8%13Exited by Q2 2017+61%
RYAM RAYONIER ADVANCED MATLS INCQ3 20141 of 1074.9%4.9%2Exited by Q1 2015−32%
MTW MANITOWOC INCQ3 20154 of 885.4%6.1%2Exited by Q1 2016+2.3%
BEN FRANKLIN RESOURCES INCQ4 201510 of 11710.6%14.7%20Exited by Q4 2020−45%
UHAL U HAUL HOLDING COMPANYQ4 20165 of 861.4%7.9%39Held at last filing, Q2 2026+77%
WTW WILLIS TOWERS WATSON PLC LTDQ4 201614 of 1845.3%7.3%39Held at last filing, Q2 2026+114%
VEON VEON LTDQ1 20175 of 702.9%2.9%2Exited by Q3 2017−3.5%
PCG PG&E CORPQ4 201710 of 2094.9%15.6%13Exited by Q3 2021−77%
LAD LITHIA MTRS INCQ2 20188 of 1612.7%24.5%33Held at last filing, Q2 2026+207%
CWH CAMPING WORLD HLDGS INCQ3 20185 of 1281.3%5.4%25Exited by Q4 2024+14%
AKBA AKEBIA THERAPEUTICS INCQ3 20188 of 1030.3%2.5%9Exited by Q4 2020−72%
TMDX TRANSMEDICS GROUP INCQ2 20192 of 1082.4%2.4%7Exited by Q1 2021−31%
35OB SCULPTOR CAP MGMTQ3 20192 of 431.2%1.4%6Exited by Q1 2021−22%
OI O-I GLASS INCQ4 20194 of 1131.8%2.6%12Exited by Q4 2022+8.6%
UTE0 CANTALOUPE INCQ2 20218 of 840.6%1.7%16Exited by Q2 2025−34%
CPNG COUPANG INCQ3 202112 of 2172.7%7.3%20Held at last filing, Q2 2026−38%
UHAL/B U HAUL HOLDING COMPANYQ4 20223 of 777.2%8.0%15Held at last filing, Q2 2026+5.0%
LOAR LOAR HOLDINGS INCQ2 20241 of 8440.1%47.1%9Held at last filing, Q2 2026+51%

Concentration and tenure

20.6%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
91.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters