Sec Form 13G Filing - ABRAMS CAPITAL MANAGEMENT L.P. filing for CAMPING WORLD HLDGS INC (CWH) - 2024-10-01

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

Camping World Holdings, Inc.

(Name of Issuer)

Class A common stock, par value $0.01 per share

(Title of Class of Securities)

13462K109

(CUSIP Number)

September 27, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Except as otherwise provided herein, beneficial ownership information contained herein is given as of the date listed above.

 

 

 


 

 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) ☐  (b) ☐

 

 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. – 2,580,237 shares

 Abrams Capital, LLC – 3,042,531 shares

 Abrams Capital Management, LLC – 3,108,808 shares

 Abrams Capital Management, L.P. – 3,108,808 shares

 David Abrams – 3,108,808 shares

 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. – 2,580,237 shares

 Abrams Capital, LLC – 3,042,531 shares

 Abrams Capital Management, LLC - 3,108,808 shares

 Abrams Capital Management, L.P. - 3,108,808 shares

 David Abrams - 3,108,808 shares

 Refer to Item 4 below.

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 Abrams Capital Partners II, L.P. – 2,580,237 shares

 Abrams Capital, LLC – 3,042,531 shares

 Abrams Capital Management, LLC - 3,108,808 shares

 Abrams Capital Management, L.P. - 3,108,808 shares

 David Abrams - 3,108,808 shares

 Refer to Item 4 below.

 10   

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

 

 ☐

 11   

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 Abrams Capital Partners II, L.P. – 5.7%

 Abrams Capital, LLC – 6.7%

 Abrams Capital Management, LLC – 6.9%

 Abrams Capital Management, L.P. – 6.9%

 David Abrams – 6.9%

 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


Item 1. (a)

Name of Issuer

Camping World Holdings, Inc.

 

  (b)

Address of Issuer’s Principal Executive Offices

2 Marriott Drive, Lincolnshire, IL 60069

 

Item 2. (a)

Name of Person Filing

Abrams Capital Partners II, L.P.

Abrams Capital, LLC

Abrams Capital Management, LLC

Abrams Capital Management, L.P.

David Abrams

 

  (b)

Address of Principal Business Office, or, if none, Residence

Abrams Capital Partners II, L.P.

Abrams Capital, LLC

Abrams Capital Management, LLC

Abrams Capital Management, L.P.

David Abrams

c/o Abrams Capital Management, L.P.

222 Berkeley Street, 21st Floor

Boston, MA 02116


  (c)

Citizenship

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

 

  (d)

Title of Class of Securities

Class A common stock, par value $0.01 per share

 

  (d)

CUSIP No.:

13462K109

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)       Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
  (b)       Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c)       Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
  (d)       Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
  (e)       An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)       An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g)       A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)       A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
  (k)       A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4.

Ownership**

The percentages herein are calculated based upon the statement in the Issuer’s quarterly report on Form 10-Q for the quarter ended June 30, 2024, as filed with the SEC on August 1, 2024, that there were 45,129,062 outstanding shares of Class A common stock of the Issuer as of July 26, 2024.


  (a)

Amount beneficially owned

Abrams Capital Partners II, L.P. – 2,580,237 shares

Abrams Capital, LLC – 3,042,531 shares

Abrams Capital Management, LLC - 3,108,808 shares

Abrams Capital Management, L.P. - 3,108,808 shares

David Abrams - 3,108,808 shares

 

  (b)

Percent of class

Abrams Capital Partners II, L.P. – 5.7%

Abrams Capital, LLC – 6.7%

Abrams Capital Management, LLC – 6.9%

Abrams Capital Management, L.P. – 6.9%

David Abrams – 6.9%

 

  (c)

Number of shares as to which the person has voting and dispositive power:

 

  (i)

Sole power to vote or to direct the vote

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

 

  (ii)

Shared power to vote or to direct the vote

Abrams Capital Partners II, L.P. – 2,580,237 shares

Abrams Capital, LLC – 3,042,531 shares

Abrams Capital Management, LLC - 3,108,808 shares

Abrams Capital Management, L.P. - 3,108,808 shares

David Abrams - 3,108,808 shares

 

  (iii)

Sole power to dispose or to direct the disposition of

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

 

  (iv)

Shared power to dispose or to direct the disposition of

Abrams Capital Partners II, L.P. – 2,580,237 shares

Abrams Capital, LLC – 3,042,531 shares

Abrams Capital Management, LLC - 3,108,808 shares

Abrams Capital Management, L.P. - 3,108,808 shares

David Abrams - 3,108,808 shares

 

**

Shares reported herein for Abrams Capital Partners II, L.P. (“ACP II”) represent shares beneficially owned by ACP II. Shares reported herein for Abrams Capital, LLC (“Abrams Capital”) represent shares beneficially owned by ACP II and other private investment funds for which Abrams Capital serves as general partner. Shares reported herein for Abrams Capital Management, L.P. (“Abrams CM LP”) and Abrams Capital Management, LLC (“Abrams CM LLC”) represent the above-referenced shares beneficially owned by ACP II and shares beneficially owned by other private investment funds for which Abrams CM LP serves as investment manager. Abrams CM LLC is the general partner of Abrams CM LP.

Shares reported herein for Mr. Abrams represent the above referenced shares reported for Abrams Capital and Abrams CM LLC. Mr. Abrams is the managing member of Abrams Capital and Abrams CM, LLC.


Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fac t that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person

Not Applicable

 

Item 7.

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable

 

Item 9.

Notice of Dissolution of Group

Not Applicable

 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Exhibits    Exhibit
99.1    Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on October 5, 2018.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: October 1, 2024

 

ABRAMS CAPITAL PARTNERS II, L.P.

By: Abrams Capital, LLC

Its General Partner

By:   /s/ David Abrams
  Name:   David Abrams
  Title:   Managing Member
ABRAMS CAPITAL, LLC
By:   /s/ David Abrams
  Name:   David Abrams
  Title:   Managing Member
ABRAMS CAPITAL MANAGEMENT, LLC
By:   /s/ David Abrams
  Name:   David Abrams
  Title:   Managing Member

ABRAMS CAPITAL MANAGEMENT, L.P.

By: Abrams Capital Management, LLC

Its General Partner

By:   /s/ David Abrams
  Name:   David Abrams
  Title:   Managing Member
David Abrams
By:   /s/ David Abrams
  Name:   David Abrams
  Title:   Individually