Abrams Capital Management Buys Shire PLC, Lithia Motors Inc, Franklin Resources Inc, Sells PG&E Corp, Quality Care Properties Inc, Aetna Inc

• New Purchases: SHPG, CWH, AKBA,
• Added Positions: LAD, BEN, ESRX, ABG, SPH,
• Reduced Positions: AET, TEVA, AABA, KERX, ENT,
• Sold Out: PCG, QCP, GPI,

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

1. Teva Pharmaceutical Industries Ltd (TEVA) - 19,522,372 shares, 11.12% of the total portfolio. Shares reduced by 1.12%
2. Shire PLC (SHPG) - 2,247,133 shares, 10.77% of the total portfolio. New Position
3. The Western Union Co (WU) - 21,165,498 shares, 10.66% of the total portfolio. Shares reduced by 0.87%
4. O'Reilly Automotive Inc (ORLY) - 883,194 shares, 8.11% of the total portfolio.
5. Express Scripts Holding Co (ESRX) - 3,192,304 shares, 8.02% of the total portfolio. Shares added by 20.32%

Abrams Capital Management initiated holding in Shire PLC. The purchase prices were between $166.29 and $181.27, with an estimated average price of $173.02. The stock is now traded at around $172.48. The impact to a portfolio due to this purchase was 10.77%. The holding were 2,247,133 shares as of 2018-09-30.

Abrams Capital Management initiated holding in Camping World Holdings Inc. The purchase prices were between $19.03 and $26.61, with an estimated average price of $22.02. The stock is now traded at around $15.51. The impact to a portfolio due to this purchase was 1.31%. The holding were 2,328,100 shares as of 2018-09-30.

Abrams Capital Management initiated holding in Akebia Therapeutics Inc. The purchase prices were between $7.44 and $10.65, with an estimated average price of $8.95. The stock is now traded at around $8.94. The impact to a portfolio due to this purchase was 0.26%. The holding were 1,119,286 shares as of 2018-09-30.

Abrams Capital Management added to a holding in Lithia Motors Inc by 92.25%. The purchase prices were between $81.44 and $98.89, with an estimated average price of $88.23. The stock is now traded at around $70.48. The impact to a portfolio due to this purchase was 2.07%. The holding were 2,000,000 shares as of 2018-09-30.

Abrams Capital Management added to a holding in Franklin Resources Inc by 25.17%. The purchase prices were between $30.14 and $34.32, with an estimated average price of $32.22. The stock is now traded at around $31.98. The impact to a portfolio due to this purchase was 1.61%. The holding were 9,945,023 shares as of 2018-09-30.

Abrams Capital Management added to a holding in Express Scripts Holding Co by 20.32%. The purchase prices were between $74.44 and $95.23, with an estimated average price of $85.2. The stock is now traded at around $96.93. The impact to a portfolio due to this purchase was 1.35%. The holding were 3,192,304 shares as of 2018-09-30.

Abrams Capital Management added to a holding in Asbury Automotive Group Inc by 46.08%. The purchase prices were between $67.35 and $77.4, with an estimated average price of $72.06. The stock is now traded at around $64.66. The impact to a portfolio due to this purchase was 0.91%. The holding were 1,585,091 shares as of 2018-09-30.

Abrams Capital Management sold out a holding in PG&E Corp. The sale prices were between $41.44 and $47.2, with an estimated average price of $44.53.

Abrams Capital Management sold out a holding in Quality Care Properties Inc. The sale prices were between $20.35 and $20.74, with an estimated average price of $20.53.

Abrams Capital Management sold out a holding in Group 1 Automotive Inc. The sale prices were between $64.5 and $80.24, with an estimated average price of $72.22.

Abrams Capital Management reduced to a holding in Aetna Inc by 47.71%. The sale prices were between $184.99 and $205.67, with an estimated average price of $195.43. The stock is now traded at around $212.70. The impact to a portfolio due to this sale was -3.84%. Abrams Capital Management still held 823,555 shares as of 2018-09-30.