David Abrams Adjusts Portfolio, Major Reduction in Camping World Holdings

GuruFocus.com11-09

Insights from the Latest 13F Filing for Q3 2024 David Abrams (Trades, Portfolio), the founder and CEO of Abrams Capital Management, recently disclosed his investment activities for the third quarter ...

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With a background that includes a decade working alongside Seth Klarman  at Baupost, Abrams has developed a reputation for a fundamental, value-oriented investment strategy. His firm, established in 1999 and based in Boston, focuses on long-term investments in a concentrated portfolio, spanning stocks, debt, and other asset classes.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-dr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","UHAL":"U-Haul","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","UHAL.B":"U-Haul","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4232":"货物陆运","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","BK4514":"搜索引擎","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4187":"航天航空与国防","LAD":"利西亚车行","ABG":"阿斯伯里汽车集团","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LOAR":"Loar Holdings, Inc.","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","CWH":"露营世界","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0079474960.USD":"联博美国增长基金A","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","BK4077":"互动媒体与服务","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4503":"景林资产持仓","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4022":"陆运"},"translate_title":"大卫·艾布拉姆斯调整投资组合，大幅减持露营世界持股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LOAR":1,"UHAL.B":1,"UHAL":1,"ABG":1,"LAD":1,"CWH":0.9},"content_text":"Insights from the Latest 13F Filing for Q3 2024\nDavid Abrams (Trades, Portfolio), the founder and CEO of Abrams Capital Management, recently disclosed his investment activities for the third quarter of 2024 through the latest 13F filing. With a background that includes a decade working alongside Seth Klarman (Trades, Portfolio) at Baupost, Abrams has developed a reputation for a fundamental, value-oriented investment strategy. His firm, established in 1999 and based in Boston, focuses on long-term investments in a concentrated portfolio, spanning stocks, debt, and other asset classes.\n\nWarning! GuruFocus has detected 5 Warning Sign with LOAR.\n\n\nPortfolio Overview\nAs of the third quarter of 2024, David Abrams (Trades, Portfolio)'s portfolio is composed of 14 stocks. The major holdings include 46.04% in Loar Holdings Inc (NYSE:LOAR), 12.2% in Lithia Motors Inc (NYSE:LAD), and 8.08% in Asbury Automotive Group Inc (NYSE:ABG). Other significant positions are in Meta Platforms Inc (NASDAQ:META) and Alphabet Inc (NASDAQ:GOOGL), making up 5.7% and 5.51% of the portfolio, respectively. The investments are predominantly concentrated in seven industries, with the largest exposures in Industrials, Consumer Cyclical, and Communication Services.\n\nKey Position Reduces\nDuring the quarter, David Abrams (Trades, Portfolio) made notable reductions in several positions:\n\nReduced Camping World Holdings Inc (NYSE:CWH) by 2,000,000 shares, resulting in a -39.15% decrease in shares and a -0.7% impact on the portfolio. The stock, which traded at an average price of $21.53 during the quarter, has returned 21.32% over the past three months and -7.98% year-to-date.\nReduced U-Haul Holding Co (NYSE:UHAL.B) by 141,484 shares, leading to a -3.99% reduction in shares and a -0.17% impact on the portfolio. The stock's average trading price was $64.99 during the quarter, with a 6.51% return over the past three months and a -4.42% year-to-date performance.\n\n\nThe strategic adjustments in Abrams's portfolio, particularly the significant reduction in Camping World Holdings, reflect his responsive and calculated approach to value investing. As market dynamics evolve, Abrams Capital Management continues to adapt its positions to optimize investment outcomes, maintaining a keen focus on fundamental value across various asset classes.\nThis 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 \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482452469"}