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Abrams Capital

Q3 2025 13F · by David Abrams, founder

As of
Sep 30, 2025
Filed
Nov 7, 2025
US stock
$6.2B · prev $6.1B
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%

Moves2 since the prior filing

The book

Very concentrated · behaves like 5 equal-sized positions

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

Low turnover · 0.0% a year

  1. Low
  2. Moderate
  3. High

Top 5 positions79% of US stock

  1. LOAR Loar Holdings Inc. held held41.6%
  2. LAD Lithia Motors, Inc. added−0.75 pp added−0.7512.8%
  3. ABG Asbury Automotive Group, Inc. added+0.31 pp added+0.318.5%
  4. GOOGL Alphabet Inc. Class A held held8.4%
  5. SGI Somnigroup International Inc. held held8.0%

Positions13 in this filing · 0 exited

LOARLoar Holdings Inc.41.56%32,050,240$2.6Bheld—6 q
LADLithia Motors, Inc.12.76%2,490,534$787Madded+2%−0.75 pp30 q
ABGAsbury Automotive Group, Inc.8.54%2,155,492$527Madded+2%+0.31 pp33 q
GOOGLAlphabet Inc. Class A8.37%2,124,130$516Mheld—30 q
SGISomnigroup International Inc.7.99%5,845,246$493Mheld—17 q
CPNGCoupang, Inc.6.79%13,017,964$419Mheld—17 q
METAMeta Platforms, Inc. Class A4.70%394,755$290Mheld—28 q
WTWWillis Towers Watson Public Limited Company4.04%720,779$249Mheld—36 q
UHAL.BU-Haul Holding Company2.68%3,251,469$165Mheld—12 q
ETEnergy Transfer LP1.73%6,205,777$106Mheld—23 q
CRCLCircle Internet Group, Inc.0.59%275,000$36Mheld—2 q
NUVBNuvation Bio Inc.0.23%3,811,513$14Mheld—19 q
UHALU-Haul Holding Company0.03%36,401$2Mheld—36 q

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