David Abrams - Abrams Capital Management 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Abrams Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Energy Transfer LP, Alphabet Inc., Meta Platforms, Inc., Tempur Sealy International, Inc

Complete Exits - Circle

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	CRCL Circle	Circle	Sell - Position Exit	-275,000	-100.0%	$0.00	-
Q4 2025	ET Energy Transfer LP	Energy Transfer LP	Sell	-90,360	-1.5%	$100.84M	6,115,417
Q4 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-207,500	-9.8%	$599.91M	1,916,630
Q4 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-69,600	-17.6%	$214.63M	325,155
Q4 2025	TPX Tempur Sealy International, Inc	Tempur Sealy International, Inc	Sell	-41,110	-0.7%	$518.19M	5,804,136