ABRAMS BISON INVESTMENTS, LLC

CIK 0001317588 · Q2 2026

13F Equity AUM

$2.0B

-11.3% QoQ

Positions

0 QoQ

AUM Rank

#1,512

Top 17%

Skill Alpha (FF)

+5.3%/yr^ns

No Clear Edge

Rank #701 · Top 8%

vs S&P +8.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 72.5%Top 10: 99.7%Top 20: 100.0%

SUX26.4%

AMAT19.5%

SN10.7%

BFAM8.3%

URBN7.7%

SUNBELT RENTALS HOLDINGS INC7.5%

ACHC6.0%

TFX4.9%

NYT4.5%

COF4.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical26.7%

Consumer Discretionary26.4%

Technology19.5%

Healthcare10.9%

Unclassified7.5%

Communication Services4.5%

Financial Services4.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 11Median: 7.52%Avg: 9.09%

0–0.5%

1(0.3%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

3(13.6%)

5%+

7(86.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 11vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased2Decreased6Exited0

Increased

BFAM8.3%

+980K(+69%)

URBN7.7%

+5K(+0%)

Decreased

SUNBELT RENTALS HOLD…7.5%

-10,502,327(-84%)

SUX26.4%

-470,593(-19%)

ACHC6.0%

-215,000(-5%)

TFX4.9%

-207,000(-21%)

AMAT19.5%

-152,000(-22%)

NYT4.5%

-84,520(-6%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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