Exploring the Latest 13F Filing and Investment Adjustments

David Abrams (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. David Abrams (Trades, Portfolio) founded Abrams Capital Management in 1999, where he is the CEO and portfolio manager. Before establishing the Boston-based firm, he worked with Bauposts Seth Klarman (Trades, Portfolio) for 10 years. Describing itself as "opportunistic," Abrams Capital Management follows a fundamental, value-oriented approach to investing. The firm relies on a value approach that emphasizes a company's fundamentals to stocks. It typically invests for the long term in a concentrated number of holdings, spreading its assets across stocks, debt instruments, distressed debt, and illiquid investments, among other classes.

Warning! GuruFocus has detected 4 Warning Sign with LOAR.David Abrams' Strategic Moves: Energy Transfer LP Sees Significant Reduction

Key Position Increases

David Abrams (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:

The most notable increase was Somnigroup International Inc (NYSE:SGI), with an additional 2,245,246 shares, bringing the total to 5,845,246 shares. This adjustment represents a significant 62.37% increase in share count, a 2.39% impact on the current portfolio, with a total value of $350,013,330. The second largest increase was Lithia Motors Inc (NYSE:LAD), with an additional 53,490 shares, bringing the total to 2,444,678. This adjustment represents a significant 2.24% increase in share count, with a total value of $717,610,780.

Key Position Reductions

David Abrams (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include:

Reduced Energy Transfer LP (NYSE:ET) by 11,628,545 shares, resulting in a -65.2% decrease in shares and a -3.66% impact on the portfolio. The stock traded at an average price of $19.48 during the quarter and has returned -11.99% over the past 3 months and -9.01% year-to-date. Reduced Meta Platforms Inc (NASDAQ:META) by 162,997 shares, resulting in a -29.22% reduction in shares and a -1.53% impact on the portfolio. The stock traded at an average price of $645.17 during the quarter and has returned -17.00% over the past 3 months and 1.28% year-to-date.

Portfolio Overview

At the first quarter of 2025, David Abrams (Trades, Portfolio)'s portfolio included 13 stocks, with top holdings including 46.92% in Loar Holdings Inc (NYSE:LOAR), 12.73% in Lithia Motors Inc (NYSE:LAD), 8.26% in Asbury Automotive Group Inc (NYSE:ABG), 6.21% in Somnigroup International Inc (NYSE:SGI), and 5.83% in Alphabet Inc (NASDAQ:GOOGL).

Story Continues

The holdings are mainly concentrated in 7 of all the 11 industries: Industrials, Consumer Cyclical, Communication Services, Financial Services, Energy, Technology, and Healthcare.David Abrams' Strategic Moves: Energy Transfer LP Sees Significant Reduction

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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