Biglari Holdings Class A
BH.A
29 hedge funds and large institutions have $111M invested in Biglari Holdings Class A in 2019 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 15 reducing their positions, and 4 closing their positions.
10% more capital invested
Capital invested by funds: $101M → $111M (+$10M)
2.41% more ownership
Funds ownership: 85.52% → 87.92% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less funds holding
Funds holding: 33 → 29 (-4)
73% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 15
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$5.52M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$680K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$202K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$51K |
| 5 |
CCM
Check Capital Management
Costa Mesa,
California
|
+$15.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
-$1.85M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$819K |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
-$263K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$222K |
| 5 |
D.E. Shaw & Co
New York
|
-$214K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
26
Financial Architects (New Jersey)
Marlton,
New Jersey
| $1K | – | – | – |
|
|
LWM
27
Lenox Wealth Management
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
NSIM
28
North Star Investment Management
Chicago,
Illinois
| $1K | – | – | – |
|
29
BNP Paribas Financial Markets
Paris,
France
| $600 | -$5.25K | -10 | -91% |
|
30
Citigroup
New York
| – | -$6K | -11 | Closed |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1K | -3 | Closed |
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$525 | -1 | Closed |
|
33
Barclays
London,
United Kingdom
| – | -$1K | -1 | Closed |
|
BH.A Hedge Fund Activity: Q4 2019 in Review
29 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q4 2019, worth a combined $111M — up 9.9% from $101M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BH.A and 1 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 4 added.
The largest buyer was Biglari Capital Corp, adding an estimated $5.52M. The largest seller was Fondren Management, cutting an estimated $1.85M.
- 29 institutional investors held Biglari Holdings Class A (BH.A) as of Q4 2019, down from 33 in Q3 2019.
- Funds reported $111M of Biglari Holdings Class A stock for Q4 2019, up 9.9% quarter-over-quarter.
- 1 fund opened new Biglari Holdings Class A positions in Q4 2019 and 4 closed out, a net change of -3 holders.
- The largest Biglari Holdings Class A buyer in Q4 2019 was Biglari Capital Corp, an estimated $5.52M added.
- The largest Biglari Holdings Class A seller in Q4 2019 was Fondren Management, an estimated $1.85M sold.
Based on aggregated 13F filings for Q4 2019.