DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Abrams Bison Investments, L.L.C.

Asset manager (funds and pooled vehicles)Bethesda, MarylandCRD 137183SEC 801-65657IAPD
Latest filing May 21, 2026
First filing on the tape Mar 5, 2012 · 16 filings
SEC status approved since Jan 27, 2006
RAUM
$3.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$3.0B as of May 21, 2026
Mar 5, 2012$963M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 21, 2026
Mar 5, 20120 then
Employees (5.A)11 as of May 21, 2026
Mar 12, 20136 then
Private funds2 as of May 21, 2026
Mar 5, 20121 then
RAUM +22% over the last fiscal year+2.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 21, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.0BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.2%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$3.0B, 3 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$3.0B for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Abrams Bison Partners, L.P.Hedge Fund$1.7B58Mar 5, 2012
      Abrams Bison Partners S5, L.P.Hedge Fund$847M2Aug 28, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • M Gavin Abrams · Managing Membercontrol
        since 04/2000 · owns 75% or more
      • Sandra Missmar · Chief Compliance Officer/Coocontrol
        since 11/2010 · owns less than 5%
      Entity owners
      • Abrams Primary Trust · Trust
        direct · owns 10% to 25%
      • The Northern Trust Company Of Delaware · Trustee
        direct · owns 10% to 25%
      • Abrams Primary Trust · Trust
        indirect · owns F of Abrams Primary Trust
      • The Northern Trust Company Of Delaware · Trustee
        indirect · owns F of Abrams Primary Trust
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 6
        Mar 31, 2025 to May 21, 2026
      • Assets in custody · $2.5B to $3.0B
        Mar 31, 2025 to May 21, 2026
      • Employees · 9 to 11
        Mar 31, 2025 to May 21, 2026
      • Discretionary RAUM · $2.5B to $3.0B
        Mar 31, 2025 to May 21, 2026
      • Pooled vehicle RAUM · $2.5B to $3.0B
        Mar 31, 2025 to May 21, 2026
      • RAUM · $2.5B to $3.0B
        Mar 31, 2025 to May 21, 2026
      • Advisory employees · 7 to 5
        Mar 28, 2024 to Mar 31, 2025
      • Assets in custody · $2.5B to $2.5B
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 11 to 9
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.5B to $2.5B
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $2.5B to $2.5B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $2.5B to $2.5B
        Mar 28, 2024 to Mar 31, 2025
      • Assets in custody · $2.1B to $2.5B
        Mar 29, 2023 to Mar 28, 2024
      • Discretionary RAUM · $2.1B to $2.5B
        Mar 29, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $2.1B to $2.5B
        Mar 29, 2023 to Mar 28, 2024
      • RAUM · $2.1B to $2.5B
        Mar 29, 2023 to Mar 28, 2024
      • Assets in custody · $2.8B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • Employees · 10 to 11
        Mar 30, 2022 to Mar 29, 2023
      • Discretionary RAUM · $2.8B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $2.8B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • RAUM · $2.8B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • Advisory employees · 6 to 7
        Mar 30, 2021 to Mar 30, 2022
      • Assets in custody · $2.3B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • Employees · 9 to 10
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $2.3B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $2.3B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $2.3B to $2.8B
        Mar 30, 2021 to Mar 30, 2022
      • Assets in custody · $2.3B to $2.3B
        Mar 25, 2020 to Mar 30, 2021
      • Discretionary RAUM · $2.3B to $2.3B
        Mar 25, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $2.3B to $2.3B
        Mar 25, 2020 to Mar 30, 2021
      • RAUM · $2.3B to $2.3B
        Mar 25, 2020 to Mar 30, 2021
      • Advisory employees · 7 to 6
        Mar 22, 2019 to Mar 25, 2020
      • Assets in custody · $2.2B to $2.3B
        Mar 22, 2019 to Mar 25, 2020
      • Employees · 10 to 9
        Mar 22, 2019 to Mar 25, 2020
      • Other offices · 1 to 0
        Mar 22, 2019 to Mar 25, 2020
      • Discretionary RAUM · $2.2B to $2.3B
        Mar 22, 2019 to Mar 25, 2020
      • Pooled vehicle RAUM · $2.2B to $2.3B
        Mar 22, 2019 to Mar 25, 2020
      • RAUM · $2.2B to $2.3B
        Mar 22, 2019 to Mar 25, 2020
      • Assets in custody · $2.9B to $2.2B
        Mar 28, 2018 to Mar 22, 2019
      Signals
      1 dated events
      • S. Denis Abrams (Trustee) no longer on Schedule A of Abrams Bison Investments, L.L.C. (listed 2020-03-25, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      301-657-5925reportedpublic record, Form ADV, May 21, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026