13F-HR 1 abr2q11.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Abrams Capital Management, L.P. Address: 222 Berkeley Street 22nd Floor Boston, MA 02116 13F File Number: 028-11903 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Fred Leif Title: Chief Financial Officer Phone: 617-646-6100 Signature, Place, and Date of Signing: /s/ Fred Leif Boston, MA August 12, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 15 Form 13F Information Table Value Total: $1,026,922 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ARBITRON INC COM 03875Q108 122522 2964475 SH SOLE 2964475 0 0 BLOCK H & R INC COM 093671105 163295 10180498 SH SOLE 10180498 0 0 CAREFUSION CORP COM 14170T101 46189 1700000 SH SOLE 1700000 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 42127 3317090 SH SOLE 3317090 0 0 CROWN CASTLE INTL CORP COM 228227104 110051 2697983 SH SOLE 2697983 0 0 LAMAR ADVERTISING CO CL A 512815101 76089 2780000 SH SOLE 2780000 0 0 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 135414 8074750 SH SOLE 8074750 0 0 MCGRAW HILL COS INC COM 580645109 42529 1014764 SH SOLE 1014764 0 0 PENNYMAC MTG INVT TR COM 70931T103 18949 1143600 SH SOLE 1143600 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 11030 587000 SH SOLE 587000 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 5464 315825 SH SOLE 315825 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SER N 780097770 5975 350000 SH SOLE 350000 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 10320 600000 SH SOLE 600000 0 0 SLM CORP COM 78442P106 166355 9896207 SH SOLE 9896207 0 0 TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 70613 63259000 PRN SOLE 63259000 0 0