ABRAMS BISON INVESTMENTS, LLC

Fundamental concentrated ★Highest signal CIK 1317588
League rank
#182
in Fundamental concentrated · #300 overall
Long book
$2.31B
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+25.4%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

ABRAMS BISON INVESTMENTS, LLC is a concentrated fundamental stock-picker, running a $2.31B US long book across 11 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: SUNBELT RENTALS HOLDINGS INC, TD SYNNEX CORP, APPLIED MATERIALS INC, SHARKNINJA INC, URBAN OUTFITTERS INC.

Over the last 9 quarters its long book ran on average 3.3pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.7%
Q2 2024
+9.3%
Q3 2024
-4.6%
Q4 2024
-3.8%
Q1 2025
+16.8%
Q2 2025
+11.1%
Q3 2025
+1.8%
Q4 2025
+9.0%
Q1 2026
+25.4%

Sector allocation

Services media
40%
Consumer discretionary
24%
Technology
10%
Healthcare
10%
Industrials
7%
Other
5%
Financials
4%

Long book by quarter

$1.12B
Q1 2024
$1.02B
Q2 2024
$1.16B
Q3 2024
$970.9M
Q4 2024
$918.2M
Q1 2025
$1.07B
Q2 2025
$1.28B
Q3 2025
$1.35B
Q4 2025
$2.31B
Q1 2026

What does ABRAMS BISON own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SUNB SUNBELT RENTALS HOLDINGS INCServices media12.6M$817.6M35.4%New
SNX TD SYNNEX CORPConsumer discretionary2.5M$420.5M18.2%+0.6%
AMAT APPLIED MATERIALS INCTechnology704.0K$240.6M10.4%-21.1%
SN SHARKNINJA INCIndustrials1.4M$152.1M6.6%+16.9%
URBN URBAN OUTFITTERS INCConsumer discretionary2.2M$141.0M6.1%+31.8%
TFX TELEFLEX INCHealthcare1.0M$119.6M5.2%+3.2%
NYT NEW YORK TIMES CO-AOther1.4M$118.6M5.1%Held
BFAM BRIGHT HORIZONS FAMILY SOLUTServices media1.4M$116.0M5.0%New
ACHC ACADIA HEALTHCARE CO INCHealthcare4.4M$102.4M4.4%Held
COF CAPITAL ONE FINANCIAL CORPFinancials425.0K$77.5M3.4%-11.3%
SLQT SELECTQUOTE INCFinancials7.9M$5.0M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202611$2.31B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202610$1.35B canonicalSEC ↗
Q3 202513F-HRNov 14, 20259$1.28B canonicalSEC ↗
Q2 202513F-HRAug 14, 20258$1.07B canonicalSEC ↗
Q1 202513F-HRMay 15, 20258$918.2M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20258$970.9M canonicalSEC ↗
Q3 202413F-HRNov 14, 202410$1.16B canonicalSEC ↗
Q2 202413F-HRAug 14, 202410$1.02B canonicalSEC ↗
Q1 202413F-HRMay 15, 202411$1.12B canonicalSEC ↗