Abrams Capital Management, L.P.
Abrams Capital Management, L.P. is a Boston-based hedge fund firm founded in 1999. The firm manages multi-billion dollar assets with a highly focused, value-oriented investment approach. Led by founder David Abrams, the firm invests on behalf of institutional clients and high-net-worth individuals, with a lean team of approximately 37 employees as of 2025. It is widely regarded for its research-driven ethos and long-term investment horizon.
Investment Strategy
Abrams Capital Management employs a value-driven investment philosophy that focuses on concentrated investments in equities and opportunities across public and private markets. The firm seeks fundamentally undervalued companies, often making large bets on select positions after rigorous, independent analysis. Its strategy generally emphasizes deep research, capital preservation, and patient, long-term ownership, with a willingness to invest in both distressed and growth situations.
Latest 13F Filing Activity
Abrams Capital Management, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 12 equity positions with a total 13F market value of $6B. The fund increased holdings in Loar Holdings Inc., Lithia MTRS Inc., Coupang Inc. among other positions. Abrams Capital Management, L.P. reduced exposure to Cantaloupe Inc., Willis Towers Watson PLC LTD, U Haul Holding Company among others.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LOAR | LOAR HOLDINGS INC | 45.17% | $2.76B | 32,050,240 | $53.33 | $86.17 | +$117.5M |
L LAD | LITHIA MTRS INC | 13.51% | $825.9M | 2,444,678 | $104.99 | $337.82 | +$108.3M |
A ABG | ASBURY AUTOMOTIVE GROUP INC | 8.23% | $503.0M | 2,108,540 | $63.14 | $238.54 | +$37.3M |
C CPNG | COUPANG INC | 6.38% | $390.0M | 13,017,964 | $25.49 | $29.96 | +$104.5M |
| ALPHABET INC | 6.12% | $374.3M | 2,124,130 | $60.30 | $176.23 | +$45.9M |
Industry Allocation
Investment Team (7)
| Name | Role | Location | |
|---|---|---|---|
 | Tax Analyst | Boston, MA , United States | |
D Daniel Cohen | Investment Analyst | Boston, MA , United States | |
D Donald P | Managing Director | Boston, MA , United States | |
 | Senior Vice President - Head of Infrastructure | Boston, MA , United States | |
| Managing Director (Partner) | — | ||
 | Managing Director | Boston, MA , United States | |
T Travis Rhodes | President, Managing Director, Investment Analyst | Boston, MA , United States |