WhaleCreep

Abrams Capital Management, L.P. 13F holdings, Q3 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-09-30, filed 2019-11-14

Abrams Capital Management, L.P. disclosed 20 US equity positions worth $3.6bn in its Q3 2019 13F filing. Its largest position is CELG at 18.8% of the reported book, followed by LAD and BEN. Versus Q2 2019 it opened 2 new positions, added to 2, reduced 0 and exited 1.

$3.6bn
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.
18.8%
Largest position
The largest single position as a share of the reported equity book.
77.7%
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 Q2 2019: 2 new, 2 added, 0 reduced, 1 exited

20 rows
CELG CELGENE CORP–18.8%$671m6.75m0.0%held
LAD LITHIA MTRS INCConsumer Cyclical8.5%$304m2.30m0.0%held
BEN FRANKLIN RESOURCES INCFinancial Services7.9%$282m9.77m0.0%held
PCG PG&E CORPUtilities7.0%$250m25.00m0.0%held
AABAUSD ALTABA INC–6.9%$246m12.65m–new
UHAL U HAUL HOLDING COMPANYIndustrials6.1%$219m561,2580.0%held
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services6.0%$214m1.11m0.0%held
ORLY OREILLY AUTOMOTIVE INCConsumer Cyclical6.0%$213m533,8860.0%held
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical5.5%$195m1.90m0.0%held
META META PLATFORMS INCCommunication Services5.1%$182m1.02m0.0%held
KMI KINDER MORGAN INC DELEnergy4.9%$176m8.53m0.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare4.6%$165m24.05m+33%added
GOOGL ALPHABET INCCommunication Services4.2%$152m124,1170.0%held
TMDX TRANSMEDICS GROUP INCHealthcare2.3%$80.4m3.50m0.0%held
SPH SUBURBAN PROPANE PARTNERS LUtilities2.0%$70.6m2.99m0.0%held
CWH CAMPING WORLD HLDGS INCConsumer Cyclical1.4%$48.6m5.46m+6.8%added
35OB SCULPTOR CAP MGMT–1.2%$43.3m2.22m–new
PACIFIC DRILLING SA LUXEMBOU no ticker–0.8%$29.0m7.41m0.0%held
AKBA AKEBIA THERAPEUTICS INCHealthcare0.6%$22.2m5.66m0.0%held
CCO CLEAR CHANNEL OUTDOOR HLDGSCommunication Services0.2%$8.5m3.35m0.0%held

Exited since Q2 2019

1 row
OCH ZIFF CPTL MANGEMNT GRP I no ticker1.4%$51.1m

Sector mix

  • Unclassified27.7%
  • Consumer Cyclical21.3%
  • Financial Services13.9%
  • Communication Services9.6%
  • Utilities9.0%
  • Healthcare7.5%
  • Industrials6.1%
  • Energy4.9%

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