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Abrams Capital

Q2 2025 13F · by David Abrams, founder

As of
Jun 30, 2025
Filed
Aug 8, 2025
US stock
$6.1B · prev $5.6B
Positions
13 · prev 13
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%

Moves3 since the prior filing

The book

Very concentrated · behaves like 4 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 3.3% a year, more than 30 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions80% of US stock

  1. LOAR Loar Holdings Inc. trimmed−1.75 pp trimmed−1.7545.2%
  2. LAD Lithia Motors, Inc. held held13.5%
  3. ABG Asbury Automotive Group, Inc. held held8.2%
  4. SGI Somnigroup International Inc. held held6.5%
  5. CPNG Coupang, Inc. held held6.4%

Positions13 in this filing · 1 exited

LOARLoar Holdings Inc.45.17%32,050,240$2.8Btrimmed−14%−1.75 pp5 q
LADLithia Motors, Inc.13.51%2,444,678$826Mheld—29 q
ABGAsbury Automotive Group, Inc.8.23%2,108,540$503Mheld—32 q
SGISomnigroup International Inc.6.51%5,845,246$398Mheld—16 q
CPNGCoupang, Inc.6.38%13,017,964$390Mheld—16 q
GOOGLAlphabet Inc. Class A6.12%2,124,130$374Mheld—29 q
METAMeta Platforms, Inc. Class A4.77%394,755$291Mheld—27 q
WTWWillis Towers Watson Public Limited Company3.61%720,779$221Mheld—35 q
UHAL.BU-Haul Holding Company2.89%3,251,469$177Mheld—11 q
ETEnergy Transfer LP1.84%6,205,777$113Mheld—22 q
CRCLCircle Internet Group, Inc.0.82%275,000$50Mnew+0.82 ppnew
NUVBNuvation Bio Inc.0.12%3,811,513$7Mheld—18 q
UHALU-Haul Holding Company0.04%36,401$2Mheld—35 q
UTE0USA Technologies, Inc.—−7,180,000—exited−1.00 pp—

Source

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