David Abrams Buys Teva Pharmaceutical Industries, O’Reilly Automotive Inc, Asbury Automotive Group I

Investment company David Abrams buys Teva Pharmaceutical Industries, O’Reilly Automotive Inc, Asbury Automotive Group Inc, Group 1 Automotive Inc, Suburban Propane Partners LP, sells Time Warner Inc, Welbilt Inc, Cars.com Inc, VEON, Colony NorthStar Inc during the 3-months ended 2017-09-30, according to the most recent filings of the investment company, Abrams Capital Management. As of 2017-09-30, Abrams Capital Management owns 18 stocks with a total value of $2.6 billion. These are the details of the buys and sells.

New Purchases: TEVA, ORLY, ABG, GPI, Added Positions: SPH, Reduced Positions: CLNS, Sold Out: TWX, WBT, CARS, VEON, BKS,

For the details of David Abrams’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=David+Abrams

These are the top 5 holdings of David AbramsThe Western Union Co (WU) – 21,608,707 shares, 16.19% of the total portfolio. Teva Pharmaceutical Industries Ltd (TEVA) – 21,623,886 shares, 14.85% of the total portfolio. New PositionFranklin Resources Inc (BEN) – 7,945,023 shares, 13.8% of the total portfolio. Altaba Inc (AABA) – 3,914,805 shares, 10.12% of the total portfolio. Wells Fargo & Co (WFC) – 3,342,343 shares, 7.19% of the total portfolio. New Purchase: Teva Pharmaceutical Industries Ltd (TEVA)

David Abrams initiated holdings in Teva Pharmaceutical Industries Ltd. The purchase prices were between $15.41 and $33.31, with an estimated average price of $22.57. The stock is now traded at around $19.00. The impact to the portfolio due to this purchase was 14.85%. The holdings were 21,623,886 shares as of 2017-09-30.

New Purchase: O’Reilly Automotive Inc (ORLY)

David Abrams initiated holdings in O’Reilly Automotive Inc. The purchase prices were between $172.85 and $220.41, with an estimated average price of $198.08. The stock is now traded at around $242.36. The impact to the portfolio due to this purchase was 7.18%. The holdings were 854,000 shares as of 2017-09-30.

New Purchase: Asbury Automotive Group Inc (ABG)

David Abrams initiated holdings in Asbury Automotive Group Inc. The purchase prices were between $50.15 and $61.6, with an estimated average price of $55.18. The stock is now traded at around $65.50. The impact to the portfolio due to this purchase was 2.38%. The holdings were 1,000,000 shares as of 2017-09-30.

New Purchase: Group 1 Automotive Inc (GPI)

David Abrams initiated holdings in Group 1 Automotive Inc. The purchase prices were between $53.21 and $72.2, with an estimated average price of $61.34. The stock is now traded at around $72.81. The impact to the portfolio due to this purchase was 0.71%. The holdings were 250,471 shares as of 2017-09-30.

Added: Suburban Propane Partners LP (SPH)

David Abrams added to the holdings in Suburban Propane Partners LP by 75.44%. The purchase prices were between $23.64 and $25.9, with an estimated average price of $24.41. The stock is now traded at around $23.66. The impact to the portfolio due to this purchase was 0.3%. The holdings were 682,414 shares as of 2017-09-30.

Sold Out: Time Warner Inc (TWX)

David Abrams sold out the holdings in Time Warner Inc. The sale prices were between $99.1 and $103.22, with an estimated average price of $101.43.

Sold Out: Welbilt Inc (WBT)

David Abrams sold out the holdings in Welbilt Inc. The sale prices were between $18.68 and $23.09, with an estimated average price of $20.16.

Sold Out: Cars.com Inc (CARS)

David Abrams sold out the holdings in Cars.com Inc. The sale prices were between $23.12 and $27.42, with an estimated average price of $25.38.

Sold Out: VEON Ltd (VEON)

David Abrams sold out the holdings in VEON Ltd. The sale prices were between $3.89 and $4.4, with an estimated average price of $4.08.

Sold Out: Barnes & Noble Inc (BKS)

David Abrams sold out the holdings in Barnes & Noble Inc. The sale prices were between $6.95 and $8.3, with an estimated average price of $7.46.

Reduced: Colony NorthStar Inc (CLNS)

David Abrams reduced to the holdings in Colony NorthStar Inc by 39.59%. The sale prices were between $12.55 and $14.7, with an estimated average price of $13.68. The stock is now traded at around $11.54. The impact to the portfolio due to this sale was -2.09%. David Abrams still held 5,690,610 shares as of 2017-09-30.

Here is the complete portfolio of David Abrams. Also check out:

1. David Abrams’s Undervalued Stocks
2. David Abrams’s Top Growth Companies, and
3. David Abrams’s High Yield stocks
4. Stocks that David Abrams keeps buying

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