Biglari Holdings Class A
BH.A
51 hedge funds and large institutions have $107M invested in Biglari Holdings Class A in 2018 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 8 closing their positions.
0.15% more ownership
Funds ownership: 86.93% → 87.08% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 57 → 51 (-6)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
36% less capital invested
Capital invested by funds: $168M → $107M (-$60.8M)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.94M |
| 2 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$1.08M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$407K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$400K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$389K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$1.39M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$713K |
| 3 |
Millennium Management
New York
|
-$674K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$584K |
| 5 |
State Street
Boston,
Massachusetts
|
-$366K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NSIM
51
North Star Investment Management
Chicago,
Illinois
| $1K | – | – | – |
|
|
52
Millennium Management
New York
| – | -$674K | -731 | Closed |
|
|
53
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$584K | -633 | Closed |
|
|
BCM
54
Bridgeway Capital Management
Houston,
Texas
| – | -$221K | -240 | Closed |
|
|
TCIM
55
TIAA CREF Investment Management
New York
| – | -$212K | -230 | Closed |
|
56
Swiss National Bank
Zurich,
Switzerland
| – | -$166K | -180 | Closed |
|
57
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$18K | -20 | Closed |
|
|
LTFS
58
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$2K | -2 | Closed |
|
|
ST
59
Sageworth Trust
Lancaster,
Pennsylvania
| – | -$1K | -1 | Closed |
|
BH.A Hedge Fund Activity: Q4 2018 in Review
51 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q4 2018, worth a combined $107M — down 36% from $168M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BH.A and 2 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 13 added.
The largest buyer was GAMCO Investors, adding an estimated $1.94M. The largest seller was Intrepid Capital Management, cutting an estimated $1.39M.
- 51 institutional investors held Biglari Holdings Class A (BH.A) as of Q4 2018, down from 57 in Q3 2018.
- Funds reported $107M of Biglari Holdings Class A stock for Q4 2018, down 36% quarter-over-quarter.
- 2 funds opened new Biglari Holdings Class A positions in Q4 2018 and 8 closed out, a net change of -6 holders.
- The largest Biglari Holdings Class A buyer in Q4 2018 was GAMCO Investors, an estimated $1.94M added.
- The largest Biglari Holdings Class A seller in Q4 2018 was Intrepid Capital Management, an estimated $1.39M sold.
Based on aggregated 13F filings for Q4 2018.