Billionaire Abrams Bets On Camping World Holdings: Value Trap?

1

NAME OF REPORTING PERSONS

Abrams Capital Partners II, L.P.

Abrams Capital, LLC

Abrams Capital Management, LLC

Abrams Capital Management, L.P.

David Abrams

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a) o

(b) o

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

Abrams Capital Partners II, L.P.– Delaware

Abrams Capital, LLC – Delaware

Abrams Capital Management, LLC – Delaware

Abrams Capital Management, L.P. – Delaware

David Abrams – United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

Abrams Capital Partners II, L.P.– 0 shares

Abrams Capital, LLC– 0 shares

Abrams Capital Management, LLC – 0 shares

Abrams Capital Management, L.P. – 0 shares

David Abrams – 0 shares

6

SHARED VOTING POWER

Abrams Capital Partners II, L.P.– 1,615,707 shares as of 9/25/18 (2,489,772 shares as of 10/5/18)

Abrams Capital, LLC– 1,905,282 shares as of 9/25/18 (2,936,110 shares as of 10/5/18)

Abrams Capital Management, LLC–1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Abrams Capital Management, L.P. – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

David Abrams – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Refer to Item 4 below.

7

SOLE DISPOSITIVE POWER

Abrams Capital Partners II, L.P.– 0 shares

Abrams Capital, LLC– 0 shares

Abrams Capital Management, LLC – 0 shares

Abrams Capital Management, L.P. – 0 shares

David Abrams– 0 shares

8

SHARED DISPOSITIVE POWER

Abrams Capital Partners II, L.P.– 1,615,707 shares as of 9/25/18 (2,489,772 shares as of 10/5/18)

Abrams Capital, LLC– 1,905,282 shares as of 9/25/18 (2,936,110 shares as of 10/5/18)

Abrams Capital Management, LLC–1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Abrams Capital Management, L.P. – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

David Abrams – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Refer to Item 4 below.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

Abrams Capital Partners II, L.P.– 1,615,707 shares as of 9/25/18 (2,489,772 shares as of 10/5/18)

Abrams Capital, LLC– 1,905,282 shares as of 9/25/18 (2,936,110 shares as of 10/5/18)

Abrams Capital Management, LLC–1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Abrams Capital Management, L.P. – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

David Abrams – 1,969,172 shares as of 9/25/18 (3,000,000 shares as of 10/5/18)

Refer to Item 4 below.

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

Abrams Capital Partners II, L.P.– 4.37% as of 9/25/18 (6.73% as of 10/5/18)

Abrams Capital, LLC– 5.15% as of 9/25/18 (7.93% as of 10/5/18)

Abrams Capital Management, LLC – 5.32% as of 9/25/18 (8.11% as of 10/5/18)

Abrams Capital Management, L.P. – 5.32% as of 9/25/18 (8.11% as of 10/5/18)

David Abrams – 5.32% as of 9/25/18 (8.11% as of 10/5/18)

Refer to Item 4 below.

12

TYPE OF REPORTING PERSON (See Instructions)

Abrams Capital Partners II, L.P.– OO (Limited Partnership)

Abrams Capital, LLC – OO ( Limited Liability Company)

Abrams Capital Management, LLC – OO ( Limited Liability Company)

Abrams Capital Management, L.P. – OO (Limited Partnership)

David Abrams – IN