12 Best Stocks to Buy According to Billionaire David Abrams

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6. Coupang, Inc. (NYSE:CPNG)

Abrams Capital Management’s Stake: $307 Million

Coupang, Inc. (NYSE:CPNG) has been a constant feature in the 13F portfolio of Abrams Capital Management for many years. The fund first purchased a stake in the firm back in the third quarter of 2021. This position comprised 4.4 million shares. In the next quarter, the holding was increased by nearly 120% and brought the shares owned to 9.69 million. Another 40% was added in the first quarter of 2022. This position stayed roughly the same for the coming years, with minor adjustments. At the end of the fourth quarter of 2025, the fund owned over 13 million shares in the Chinese company.

Coupang, Inc. (NYSE:CPNG) is one of the most prominent China-based companies popular with elite hedge funds in the US. The firm recently showcased its AI Factory at GTC 2026, revealing that its Intelligent Cloud system, running on NVIDIA DGX SuperPODs, boosted GPU utilization from 65% to 95%. Hedge funds view this as a game-changer for margins. By using agentic AI to optimize 24-hour Rocket Delivery routes and warehouse robotics, funds bet that Coupang will achieve a 4% operating margin by 2028, significantly higher than its historical average. Hedge funds are also increasingly focused on Coupang’s Taiwan expansion, which is mirroring the early success of its South Korean buildout.

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