Biglari Holdings Class A
BH.A
34 hedge funds and large institutions have $90.4M invested in Biglari Holdings Class A in 2020 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 2 closing their positions.
47% more capital invested
Capital invested by funds: $61.6M → $90.4M (+$28.8M)
1.57% more ownership
Funds ownership: 87.59% → 89.16% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 36 → 34 (-2)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$1.65M |
| 2 |
BlackRock
New York
|
+$631K |
| 3 |
CCM
Check Capital Management
Costa Mesa,
California
|
+$193K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$67.6K |
| 5 |
Jane Street
New York
|
+$20.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
-$506K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$376K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$58.7K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$57K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$25.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $8K | +$2.54K | +6 | +50% |
|
27
Citigroup
New York
| $4K | +$2.11K | +5 | +125% |
|
|
AIP
28
Ameritas Investment Partners
Lincoln,
Nebraska
| $3K | – | – | – |
|
29
Legal & General Group
London,
United Kingdom
| $2K | -$3.8K | -9 | -69% |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | -$845 | -2 | -33% |
|
|
BC
31
Bartlett & Co
Cincinnati,
Ohio
| $1K | – | – | – |
|
|
NSIM
32
North Star Investment Management
Chicago,
Illinois
| $1K | – | – | – |
|
|
BCWM
33
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $976 | – | – | – |
|
34
Millennium Management
New York
| $910 | -$8.87K | -21 | -1% |
|
|
FM
35
Fondren Management
Houston,
Texas
| – | -$506K | -1,510 | Closed |
|
|
FANJ
36
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$1K | -2 | Closed |
|
BH.A Hedge Fund Activity: Q3 2020 in Review
34 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q3 2020, worth a combined $90.4M — up 47% from $61.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BH.A and 0 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Biglari Capital Corp, adding an estimated $1.65M. The largest seller was Fondren Management, exiting entirely with an estimated $506K sold.
- 34 institutional investors held Biglari Holdings Class A (BH.A) as of Q3 2020, down from 36 in Q2 2020.
- Funds reported $90.4M of Biglari Holdings Class A stock for Q3 2020, up 47% quarter-over-quarter.
- 0 funds opened new Biglari Holdings Class A positions in Q3 2020 and 2 closed out, a net change of -2 holders.
- The largest Biglari Holdings Class A buyer in Q3 2020 was Biglari Capital Corp, an estimated $1.65M added.
- The largest Biglari Holdings Class A seller in Q3 2020 was Fondren Management, an estimated $506K sold.
Based on aggregated 13F filings for Q3 2020.