ABRAMS CAPITAL MANAGEMENT, L.P.
Long book
$4.64B
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+24.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsABRAMS CAPITAL MANAGEMENT, L.P. is a concentrated fundamental stock-picker, running a $4.64B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: LOAR HOLDINGS INC, LITHIA MOTORS INC, ALPHABET INC-CL A, SOMNIGROUP INTERNATIONAL INC, ASBURY AUTOMOTIVE GROUP.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.8%
Q2 2024
+23.3%
Q3 2024
+2.6%
Q4 2024
-6.5%
Q1 2025
+17.1%
Q2 2025
+0.6%
Q3 2025
-5.7%
Q4 2025
-15.6%
Q1 2026
+24.4%
Sector allocation
Industrials 40%
Consumer discretionary 28%
Technology 16%
Other 9%
Financials 5%
Services media 3%
Healthcare 0%
Long book by quarter
What does ABRAMS CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LOAR LOAR HOLDINGS INC | Industrials | 32.1M | $1.84B | 39.6% | Held |
| LAD LITHIA MOTORS INC | Consumer discretionary | 2.5M | $621.9M | 13.4% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.9M | $536.5M | 11.6% | -2.7% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 5.8M | $428.6M | 9.2% | -0.1% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 2.2M | $421.2M | 9.1% | Held |
| CPNG COUPANG INC | Consumer discretionary | 13.0M | $245.8M | 5.3% | Held |
| WTW WILLIS TOWERS WATSON PLC | Financials | 720.8K | $209.5M | 4.5% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 325.2K | $186.0M | 4.0% | Held |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 3.3M | $145.2M | 3.1% | Held |
| NUVB NUVATION BIO INC | Healthcare | 1.3M | $5.5M | 0.1% | -66.7% |
| UHAL U-HAUL HOLDING CO | Services media | 36.4K | $1.7M | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 11 | $4.64B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 12 | $5.67B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 13 | $6.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 13 | $6.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 13 | $5.64B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 13 | $6.22B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 14 | $6.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 14 | $5.11B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 13 | $3.20B | canonical | SEC ↗ |
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