Biglari Holdings Class A
BH.A
50 hedge funds and large institutions have $135M invested in Biglari Holdings Class A in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 3 closing their positions.
26% more capital invested
Capital invested by funds: $107M → $135M (+$27.4M)
0.15% more ownership
Funds ownership: 87.08% → 87.23% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
2% less funds holding
Funds holding: 51 → 50 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$947K |
| 2 |
FM
Fondren Management
Houston,
Texas
|
+$295K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$234K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$198K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$441K |
| 2 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$338K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$303K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$185K |
| 5 |
LWM
Lenox Wealth Management
Cincinnati,
Ohio
|
-$143K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
51
Intrepid Capital Management
Jacksonville Beach,
Florida
| – | -$338K | -575 | Closed |
|
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$303K | -516 | Closed |
|
|
CI
53
CAZ Investments
Houston,
Texas
| – | -$24K | -40 | Closed |
|
BH.A Hedge Fund Activity: Q1 2019 in Review
50 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q1 2019, worth a combined $135M — up 26% from $107M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BH.A and 2 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 15 added.
The largest buyer was GAMCO Investors, adding an estimated $947K. The largest seller was Norges Bank, cutting an estimated $441K.
- 50 institutional investors held Biglari Holdings Class A (BH.A) as of Q1 2019, down from 51 in Q4 2018.
- Funds reported $135M of Biglari Holdings Class A stock for Q1 2019, up 26% quarter-over-quarter.
- 2 funds opened new Biglari Holdings Class A positions in Q1 2019 and 3 closed out, a net change of -1 holder.
- The largest Biglari Holdings Class A buyer in Q1 2019 was GAMCO Investors, an estimated $947K added.
- The largest Biglari Holdings Class A seller in Q1 2019 was Norges Bank, an estimated $441K sold.
Based on aggregated 13F filings for Q1 2019.