On Feb. 17, 2026, 13D Management LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold its entire stake in Asbury Automotive Group (NYSE:ABG) in the fourth quarter of 2025.

According to its SEC filing dated Feb. 17, 2026, 13D Management LLC reported zero shares held in Asbury Automotive Group during the fourth quarter. The fund previously disclosed a position worth $5.2 million at the end of the third quarter, based on market closing prices and 21,337 shares held.

13D Management LLC sold out of Asbury Automotive Group, eliminating its 5.0% allocation of its assets under management (AUM) in the previous quarter.

Top holdings after the filing:

NYSE:TWLO: $8.6 million (approximately 10.3% of AUM)

NASDAQ:MRCY: $7.5 million (approximately 9.0% of AUM)

NASDAQ:VSAT: $6.9 million (approximately 8.3% of AUM)

NYSE:ALV: $6.6 million (approximately 7.9% of AUM)

NYSE:PSO: $6.4 million (approximately 7.6% of AUM)

As of Feb. 16, 2026, ABG shares were priced at $229.44, down 24.4% over the past year and underperforming the S&P 500 by 36.2 percentage points.

Fund reported 16 U.S. equity positions totaling $84 million in reportable assets after the quarter.

Fund’s overall AUM declined by 19% quarter over quarter, indicating broader portfolio downsizing and market price changes.

Metric

Value

Revenue (TTM)

$18.00 billion

Net income (TTM)

$492.00 million

Market capitalization

$4.46 billion

Price (as of market close 2/13/26)

$229.44

Offers new and used vehicles, vehicle repair and maintenance, replacement parts, collision repair, and a range of finance and insurance products.

Generates revenue primarily through automotive sales and after-sales services, complemented by financing and aftermarket product commissions.

Serves retail consumers across the United States through a network of dealership locations and collision centers.

Asbury Automotive Group, Inc. is one of the largest automotive retailers in the United States, operating over 150 dealership locations and multiple collision centers. The company leverages a diversified portfolio of automotive brands and comprehensive service offerings to drive consistent revenue streams.

Asbury Automotive has had a solid stretch of growth over the past two years. The stock rose, reflecting positive revenue and earnings growth last year. But 13D Management may see better opportunities elsewhere, given the stock’s higher valuation.

13D oversees a highly concentrated portfolio of stocks. The stock looks cheap at a price-to-earnings multiple of 7, but auto retail stocks have historically traded at discounts to the average stock.

Moreover, the higher average cost of new vehicles could pressure demand and margins in the near term. Factors like severe weather in certain markets and a pullback in consumer spending on parts and service may make it more difficult to drive sales.

It’s unclear why 13D Management sold its position. But the stock’s higher valuation amid uncertainties with the economy and consumer spending could limit near-term upside for investors.

Before you buy stock in Asbury Automotive Group, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Asbury Automotive Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $494,747!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,094,668!*

Now, it’s worth noting Stock Advisor’s total average return is 911% — a market-crushing outperformance compared to 186% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of March 20, 2026.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Twilio. The Motley Fool recommends Pearson Plc. The Motley Fool has a disclosure policy.

13D Management Sells $5 million of Asbury Automotive Stock was originally published by The Motley Fool