Biglari Holdings Class A
BH.A
27 hedge funds and large institutions have $256M invested in Biglari Holdings Class A in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
28% more capital invested
Capital invested by funds: $201M → $256M (+$55.7M)
23% more funds holding
Funds holding: 22 → 27 (+5)
1.61% more ownership
Funds ownership: 86.88% → 88.49% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$458K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$402K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$191K |
| 4 |
Renaissance Technologies
New York
|
+$155K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$320K |
| 2 |
Goldman Sachs
New York
|
-$232K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$92K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$69.3K |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$65.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
CTB
27
Country Trust Bank
Bloomington,
Illinois
| $840 | +$1.2K | +1 | New |
|
|
AF
28
Allworth Financial
Folsom,
California
| – | -$2.27K | -2 | Closed |
|
BH.A Hedge Fund Activity: Q2 2025 in Review
27 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q2 2025, worth a combined $256M — up 28% from $201M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BH.A positions and 1 closed out — a net gain of 5 holders — while 4 added to existing stakes and 9 trimmed.
The largest buyer was HRT Financial, opening a new position worth an estimated $458K. The largest seller was GAMCO Investors, cutting an estimated $320K.
- 27 institutional investors held Biglari Holdings Class A (BH.A) as of Q2 2025, up from 22 in Q1 2025.
- Funds reported $256M of Biglari Holdings Class A stock for Q2 2025, up 28% quarter-over-quarter.
- 6 funds opened new Biglari Holdings Class A positions in Q2 2025 and 1 closed out, a net change of +5 holders.
- The largest Biglari Holdings Class A buyer in Q2 2025 was HRT Financial, an estimated $458K added.
- The largest Biglari Holdings Class A seller in Q2 2025 was GAMCO Investors, an estimated $320K sold.
Based on aggregated 13F filings for Q2 2025.