Abrams Capital Management, L.P. 13F annual report
Abrams Capital Management, L.P. is an investment fund managing more than $5.11 trillion ran by Fred Leif. There are currently 13 companies in Mr. Leif’s portfolio. The largest investments include Loar Holdings Inc and Lithia Mtrs Inc, together worth $2.66 trillion.
$5.11 trillion Assets Under Management (AUM)
As of 2nd August 2024, Abrams Capital Management, L.P.’s top holding is 38,434,378 shares of Loar Holdings Inc currently worth over $2.05 trillion and making up 40.1% of the portfolio value.
In addition, the fund holds 2,391,188 shares of Lithia Mtrs Inc worth $604 billion.
The third-largest holding is Asbury Automotive Inc worth $480 billion and the next is Alphabet Inc worth $377 billion, with 2,067,195 shares owned.
Currently, Abrams Capital Management, L.P.'s portfolio is worth at least $5.11 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Abrams Capital Management, L.P.
The Abrams Capital Management, L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Fred Leif serves as the Chief Financial Officer at Abrams Capital Management, L.P..
Recent trades
In the most recent 13F filing, Abrams Capital Management, L.P. revealed that it had opened a new position in
Loar Holdings Inc and bought 38,434,378 shares worth $2.05 trillion.
The investment fund also strengthened its position in Lithia Mtrs Inc by buying
40,120 additional shares.
This makes their stake in Lithia Mtrs Inc total 2,391,188 shares worth $604 billion.
On the other hand, there are companies that Abrams Capital Management, L.P. is getting rid of from its portfolio.
Abrams Capital Management, L.P. closed its position in Transdigm on 9th August 2024.
It sold the previously owned 312,747 shares for $280 billion.
Fred Leif also disclosed a decreased stake in Alphabet Inc by 0.1%.
This leaves the value of the investment at $377 billion and 2,067,195 shares.
One of the largest hedge funds
The two most similar investment funds to Abrams Capital Management, L.P. are Eminence Capital, L.P. and Meridiem Investment Management. They manage $5.12 trillion and $5.1 trillion respectively.
Fred Leif investment strategy
Abrams Capital Management, L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 18.1% of
the total portfolio value.
The fund focuses on investments in the United States as
53.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
23% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $227 billion.
The complete list of Abrams Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Loar Holdings Inc |
Opened
38,434,378
|
$2,052,780,129,000 | 40.13% |
| Lithia Mtrs Inc |
1.71%
2,391,188
|
$603,655,411,000 | 11.80% |
| Asbury Automotive Group Inc |
No change
2,108,540
|
$480,473,010,000 | 9.39% |
| Alphabet Inc |
10.99%
2,067,195
|
$376,539,569,000 | 7.36% |
| Meta Platforms Inc |
45.48%
620,547
|
$312,892,208,000 | 6.12% |
| Energy Transfer L P |
No change
17,834,322
|
$289,272,703,000 | 5.66% |
| Transdigm Group Incorporated |
Closed
312,747
|
$279,648,985,000 | |
| Coupang, Inc. |
No change
13,017,964
|
$272,726,346,000 | 5.33% |
| U-Haul Holding Company |
11.06%
3,620,225
|
$217,414,163,000 | 4.25% |
| Willis Towers Watson Plc Ltd |
10.67%
720,779
|
$188,945,007,000 | 3.69% |
| Tempur Sealy International Inc |
No change
3,600,000
|
$170,424,000,000 | 3.33% |
| Horizon Therapeutics Pub L |
Closed
890,993
|
$91,638,630,000 | |
| Camping World Holdings Inc |
No change
5,108,808
|
$91,243,311,000 | 1.78% |
| Teva Pharmaceutical Inds Ltd |
Closed
7,966,433
|
$59,987,240,000 | |
| Cantaloupe Inc |
No change
7,180,000
|
$47,388,000,000 | 0.93% |
| Nuvation Bio Inc |
No change
3,811,513
|
$11,129,618,000 | 0.22% |
| Uscb Financial Holdings Inc |
Closed
649,085
|
$6,620,667,000 | |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||
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