Biglari Holdings Class A
BH.A
36 hedge funds and large institutions have $96.6M invested in Biglari Holdings Class A in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 15 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.51% less ownership
Funds ownership: 87.23% → 86.72% (-0.51%)
28% less funds holding
Funds holding: 50 → 36 (-14)
28% less capital invested
Capital invested by funds: $135M → $96.6M (-$38.1M)
80% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$3.12M |
| 2 |
Millennium Management
New York
|
+$1.29M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$462K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$255K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3M |
| 2 |
State Street
Boston,
Massachusetts
|
-$1.41M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$492K |
| 4 |
Bank of New York Mellon
New York
|
-$361K |
| 5 |
Charles Schwab
San Francisco,
California
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Norges Bank
Oslo,
Norway
| – | -$1K | -1 | Closed |
|
BH.A Hedge Fund Activity: Q2 2019 in Review
36 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q2 2019, worth a combined $96.6M — down 28% from $135M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BH.A and 3 opened new positions — a net loss of 12 holders — while 9 trimmed existing stakes and 14 added.
The largest buyer was Biglari Capital Corp, adding an estimated $3.12M. The largest seller was BlackRock, cutting an estimated $3M.
- 36 institutional investors held Biglari Holdings Class A (BH.A) as of Q2 2019, down from 50 in Q1 2019.
- Funds reported $96.6M of Biglari Holdings Class A stock for Q2 2019, down 28% quarter-over-quarter.
- 3 funds opened new Biglari Holdings Class A positions in Q2 2019 and 15 closed out, a net change of -12 holders.
- The largest Biglari Holdings Class A buyer in Q2 2019 was Biglari Capital Corp, an estimated $3.12M added.
- The largest Biglari Holdings Class A seller in Q2 2019 was BlackRock, an estimated $3M sold.
Based on aggregated 13F filings for Q2 2019.