Funds (13F)
Abrams Capital Management, L.P.
Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical
- Return a year
- +9.2% S&P 500 +14.1%
- Last 12 months
- −12.8% S&P 500 +12.1%
- Sharpe ratio
- 0.40 S&P 500 0.78
- Biggest drop
- −41.2% S&P 500 −31.8%
About
Copies Abrams Capital Management, L.P.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.
Key statistics
| Measure | Strategy | S&P 500 |
|---|---|---|
| Return a year (compound) | +9.2% | +14.1% |
| Total return | +221% | +470% |
| Last 12 months | −12.8% | +12.1% |
| Last 3 months | −7.1% | — |
| Last month | +4.6% | — |
| This year so far | −8.9% | — |
| Volatility a year | 24.2% | 16.0% |
| Sharpe ratio | 0.40 | 0.78 |
| Biggest drop | −41.2% | −31.8% |
| Beta to the S&P 500 | 1.19 | 1.00 |
| Alpha a year (t-statistic) | −5.0% (−1.21) | — |
| Share of weeks up | 54% | — |
Insights
| Period | Return a year | S&P 500 | Sharpe | S&P 500 | Biggest drop | Beta | Alpha (t) |
|---|---|---|---|---|---|---|---|
| Whole backtest16 Aug 2013 to 2 Nov 2026 | +9.2% | +14.1% | 0.40 | 0.78 | −41.2% | 1.19 | −5.0% (−1.21) |
| 2018 onwards5 Jan 2018 to 2 Nov 2026 | +8.0% | +13.9% | 0.32 | 0.66 | −41.2% | 1.18 | −5.3% (−0.91) |
| Last three years3 Nov 2023 to 2 Nov 2026 | +9.6% | +21.8% | 0.30 | 1.16 | −25.7% | 1.03 | −8.6% (−0.67) |
| Last year7 Nov 2025 to 2 Nov 2026 | −9.3% | +14.2% | −0.40 | 0.84 | −22.5% | 1.16 | −21.7% (−0.99) |