Abrams Capital

Q4 2024 13F · by David Abrams, founder

As of: Dec 31, 2024
Filed: Feb 7, 2025
US stock: $6.2B · prev $6.2B
Positions: 13 · prev 14
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves5 since the prior filing

+1.0 pp in · −3.8 pp out

New 0 0.00 pp
Added 1 +0.96 pp
Trimmed 3 −2.58 pp
Exited 1 −1.21 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.7% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions79% of US stock

LOAR Loar Holdings Inc. trimmed−1.54 pp trimmed−1.5444.5%
LAD Lithia Motors, Inc. held held13.8%
ABG Asbury Automotive Group, Inc. held held8.2%
GOOGL Alphabet Inc. Class A added+0.96 pp added+0.966.5%
ET Energy Transfer LP held held5.6%

Positions13 in this filing · 1 exited


LOARLoar Holdings Inc.	44.50%	37,427,917	$2.8B	trimmed−3%	−1.54 pp	3 q
LADLithia Motors, Inc.	13.75%	2,391,188	$855M	held	—	27 q
ABGAsbury Automotive Group, Inc.	8.24%	2,108,540	$512M	held	—	30 q
GOOGLAlphabet Inc. Class A	6.47%	2,124,130	$402M	added+3%	+0.96 pp	27 q
ETEnergy Transfer LP	5.62%	17,834,322	$349M	held	—	20 q
METAMeta Platforms, Inc. Class A	5.25%	557,752	$327M	trimmed−10%	−0.45 pp	25 q
CPNGCoupang, Inc.	4.60%	13,017,964	$286M	held	—	14 q
WTWWillis Towers Watson Public Limited Company	3.63%	720,779	$226M	held	—	33 q
UHAL.BU-Haul Holding Company	3.35%	3,251,469	$208M	trimmed−4%	−0.59 pp	9 q
SGISomnigroup International Inc.	3.28%	3,600,000	$204M	held	—	14 q
UTE0USA Technologies, Inc.	1.10%	7,180,000	$68M	held	—	16 q
NUVBNuvation Bio Inc.	0.16%	3,811,513	$10M	held	—	16 q
UHALU-Haul Holding Company	0.04%	36,401	$3M	held	—	33 q
CWHCamping World Holdings, Inc.	—	−3,108,808	—	exited	−1.21 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-25-000576
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet