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Biglari Holdings Class A
BH.A

36 hedge funds and large institutions have $61.6M invested in Biglari Holdings Class A in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 5 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 5

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

24% more funds holding

Funds holding: 29 → 36 (+7)

13% more capital invested

Capital invested by funds: $54.8M → $61.6M (+$6.87M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.2% less ownership

Funds ownership: 87.78% → 87.59% (-0.2%)

Holders
36
Holders Change
+7
Holders Change %
+24.14%
% of All Funds
0.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
14
Reduced
5
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GI
GAMCO Investors
Connecticut
+$765K
2
BlackRock
BlackRock
New York
+$605K
3
TRCT
Tower Research Capital (TRC)
New York
+$307K
4
Millennium Management
Millennium Management
New York
+$275K
5
State Street
State Street
Massachusetts
+$263K

Top Sellers

Rank Fund Capital Flow
1
RRAM
River Road Asset Management
Kentucky
-$1.24M
2
GF
Gabelli Funds
New York
-$540K
3
Vanguard Group
Vanguard Group
Pennsylvania
-$530K
4
TA
Teton Advisors
New York
-$338K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$200K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRSOTSOK
26
Teachers Retirement System of the State of Kentucky
Kentucky
$9K – – –
Legal & General Group
27
Legal & General Group
United Kingdom
$4K +$3.04K +9 +225%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$4K +$4.05K +12 New
AIP
29
Ameritas Investment Partners
Nebraska
$2K +$2.02K +6 New
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$2K +$2.02K +6 New
BNP Paribas Financial Markets
31
BNP Paribas Financial Markets
France
$1.34K +$1.01K +3 +300%
BC
32
Bartlett & Co
Ohio
$1K – – –
FANJ
33
Financial Architects (New Jersey)
New Jersey
$1K – – –
NSIM
34
North Star Investment Management
Illinois
$1K – – –
Citigroup
35
Citigroup
New York
$1K +$1.35K +4 New
BCWM
36
Bartlett & Co Wealth Management
Ohio
$670 – – –
RRAM
37
River Road Asset Management
Kentucky
– -$1.24M -4,181 Closed
TA
38
Teton Advisors
New York
– -$338K -1,139 Closed
Public Employees Retirement Association of Colorado
39
Public Employees Retirement Association of Colorado
Colorado
– -$15K -51 Closed
1
2

BH.A Hedge Fund Activity: Q2 2020 in Review

36 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q2 2020, worth a combined $61.6M — up 13% from $54.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BH.A positions and 4 closed out — a net gain of 7 holders — while 14 added to existing stakes and 5 trimmed.

The largest buyer was GAMCO Investors, adding an estimated $765K. The largest seller was River Road Asset Management, exiting entirely with an estimated $1.24M sold.

  • 36 institutional investors held Biglari Holdings Class A (BH.A) as of Q2 2020, up from 29 in Q1 2020.
  • Funds reported $61.6M of Biglari Holdings Class A stock for Q2 2020, up 13% quarter-over-quarter.
  • 11 funds opened new Biglari Holdings Class A positions in Q2 2020 and 4 closed out, a net change of +7 holders.
  • The largest Biglari Holdings Class A buyer in Q2 2020 was GAMCO Investors, an estimated $765K added.
  • The largest Biglari Holdings Class A seller in Q2 2020 was River Road Asset Management, an estimated $1.24M sold.

Based on aggregated 13F filings for Q2 2020.