David Abrams of Abrams Capital Management has remained one of the most private super-investors in the industry. Known as a protégé of billionaire Seth Klarman, he famously moves in silence, rarely speaking to the press. Instead, Abrams communicates his market outlook through SEC filings and rare appearances at closed-door investment conferences. Abrams follows the Baupost Group philosophy: he believes that sharing a thesis publicly can drive up the stock price before he has finished buying, or create an anchoring bias that makes it harder to sell if the thesis changes. He typically manages only a small group of high-net-worth institutional clients and does not market to the general public.
READ MORE: 33 Stocks That Should Double in 3 Years
David Abrams is often called the one-man wealth machine of the hedge fund world. He founded Abrams Capital Management in 1999 and has since built a reputation for massive, concentrated bets. The investment philosophy of Abrams relies on three key principles, extreme concentration, long-term bets, and a focus towards unlevered and cash-heavy businesses. Abrams, unlike other fund managers, concentrates his capital into a few high-conviction ideas. Currently, his top three positions alone account for nearly 60-65% of his total reported 13F assets. His average holding time for a position is nearly 20 quarters. He is famously patient, sometimes sitting on a static portfolio for months without making a single trade.
READ MORE: 15 Stocks That Will Make You Rich in 10 Years.
Our Methodology
To compile our list of the best stocks to buy according to billionaire David Abrams, we reviewed the latest 13F filings of Abrams Capital Management. Next, we focused on the top 12 stocks in his portfolio. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2025 database of 1041 elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
David Abrams of Abrams Capital Management
Best Stocks to Buy According to Billionaire David Abrams
12. Circle Internet Group (NYSE:CRCL)
Abrams Capital Management’s Stake: Sold Off
Circle Internet Group (NYSE:CRCL) does not feature in the 13F portfolio of Abrams Capital Management for the fourth quarter of 2025. The fund, which held a stake in the company comprising 275,000 shares in the second and third quarter of 2025, has sold off this position completely, per the fourth quarter filings. Circle operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platforms, including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity on chain, as well as Circle Digital Assets and Services.
Earlier this month, Circle Internet Group (NYSE:CRCL) announced that it had appointed Kirk Koenigsbauer to the board of directors. Koenigsbauer serves as president and COO of the Experiences and Devices Group at tech giant Microsoft, focused on Microsoft 365 and Copilot. In his role at Microsoft, Koenigsbauer led the transition of Microsoft Office to the cloud with the launch of Office 365, spearheaded the creation of Microsoft 365 as an integrated productivity platform, and helped establish the security business of the firm. In earnings for the fourth quarter of 2025, Circle outlined a 40% USDC growth target as Arc Mainnet approached, driven by AI and stablecoin momentum.
Hedge Fund Resource Center