Notable Investors / Q1 2026
David Abrams’s Portfolio — ABRAMS CAPITAL MANAGEMENT, L.P.
Founder, Abrams Capital Management
CIK 0001358706 · 222 BERKELEY STREET, 21ST FLOOR, BOSTON, MA, 02116 · 617-646-6100
About David Abrams
David Abrams, a Baupost alumnus dubbed 'the one-man wealth machine' by the Wall Street Journal, runs Abrams Capital with a tiny staff, no leverage, and multi-year holding periods — one of the most respected low-profile value investors in the business.
His 13F is the definition of concentrated patience: roughly ten to fifteen positions, quarters of no activity at all, and occasional large new stakes that value investors immediately reverse-engineer.
Portfolio data below is from ABRAMS CAPITAL MANAGEMENT, L.P.’s SEC 13F filings. View the full filer page →
Summary
Abrams Capital Management, L.P. reported $4.6B in U.S.-listed holdings across 11 positions for Q1 2026.
The portfolio is heavily concentrated: LOAR alone accounts for 39.6% of reported value.
Compared with Q4 2025, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 95.5% · $4.4B
- Other · 4.5% · $210M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ETENERGY TRANSFER L P | SOLD OUT | −6.12M | 0 | −$101M | $0 |
| NUVBNUVATION BIO INC | TRIMMED | −2.54M | 1.27M | −$29M | $5M |
| GOOGLALPHABET INC | HELD | −50.9K | 1.87M | −$63M | $537M |
| TPDSOMNIGROUP INTERNATIONAL INC | HELD | −5.4K | 5.80M | −$90M | $429M |
| LOARLOAR HOLDINGS INC | HELD | +0 | 32.05M | −$343M | $1.8B |
| LADLITHIA MTRS INC | HELD | +0 | 2.49M | −$206M | $622M |
| AWGASBURY AUTOMOTIVE GROUP INC | HELD | +0 | 2.16M | −$80M | $421M |
| CPNGCOUPANG INC | HELD | +0 | 13.02M | −$61M | $246M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LOARLOAR HOLDINGS INChistory → | COM SHS | 39.59% | $1.8B | 32.05M |
| 2 | LADLITHIA MTRS INChistory → | COM | 13.41% | $622M | 2.49M |
| 3 | GOOGLALPHABET INChistory → | CAP STK CL A | 11.57% | $537M | 1.87M |
| 4 | TPDSOMNIGROUP INTERNATIONAL INChistory → | COM | 9.24% | $429M | 5.80M |
| 5 | AWGASBURY AUTOMOTIVE GROUP INChistory → | COM | 9.08% | $421M | 2.16M |
| 6 | CPNGCOUPANG INChistory → | CL A | 5.30% | $246M | 13.02M |
| 7 | WILLIS TOWERS WATSON PLC LTD | SHS | 4.52% | $210M | 720.8K |
| 8 | METAMETA PLATFORMS INChistory → | CL A | 4.01% | $186M | 325.2K |
| 9 | UHAL/BU HAUL HOLDING COMPANY | COM SER N | 3.17% | $147M | 3.29M |
| 10 | NUVBNUVATION BIO INChistory → | COM CL A | 0.12% | $5M | 1.27M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $4.6B | 11 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $5.7B | 12 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $6.2B | 13 | Nov 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $6.1B | 13 | Aug 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $5.6B | 13 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $6.2B | 13 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $6.2B | 14 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $5.1B | 14 | Aug 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $3.2B | 13 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $3.2B | 15 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $3.0B | 15 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $3.5B | 17 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $3.2B | 16 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $2.8B | 16 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $3.5B | 18 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $3.7B | 18 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $4.3B | 18 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $4.6B | 18 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $4.6B | 18 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $4.5B | 16 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $4.4B | 16 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $3.5B | 17 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $3.2B | 19 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $3.1B | 20 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $2.5B | 22 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $3.2B | 21 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $3.6B | 20 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $3.7B | 19 | Aug 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $3.6B | 19 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $2.4B | 19 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.