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Biglari Holdings Class A

33 hedge funds and large institutions have $101M invested in Biglari Holdings Class A in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $96.6M → $101M (+$4.17M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.2% less ownership

Funds ownership: 86.72%85.52% (-1.2%)

8% less funds holding

Funds holding: 3633 (-3)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

75% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 16

Holders
33
Holders Change
-3
Holders Change %
-8.33%
% of All Funds
0.72%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
2
Increased
4
Reduced
16
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$68.8M
GI
2
GAMCO Investors
Connecticut
$8.78M +$839K +1,655 +12%
Vanguard Group
3
Vanguard Group
Pennsylvania
$5.54M -$485K -956 -9%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$3.44M -$17.7K -35 -0.6%
RRAM
5
River Road Asset Management
Kentucky
$3.26M -$201K -396 -6%
FM
6
Fondren Management
Texas
$2.79M +$426K +840 +20%
GF
7
Gabelli Funds
New York
$2.07M +$3.55K +7 +0.2%
BlackRock
8
BlackRock
New York
$1.08M -$60.3K -119 -6%
TA
9
Teton Advisors
New York
$920K -$200K -395 -19%
Millennium Management
10
Millennium Management
New York
$847K -$263K -519 -26%
CCM
11
Check Capital Management
California
$708K -$25.3K -50 -4%
D.E. Shaw & Co
12
D.E. Shaw & Co
New York
$684K
Northern Trust
13
Northern Trust
Illinois
$443K -$390K -770 -49%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$407K -$4.56K -9 -1%
TRCT
15
Tower Research Capital (TRC)
New York
$359K -$109K -215 -25%
California Public Employees Retirement System
16
California Public Employees Retirement System
California
$228K +$8.11K +16 +4%
UBS Group
17
UBS Group
Switzerland
$205K -$48.7K -96 -21%
Bank of America
18
Bank of America
North Carolina
$68K -$34K -67 -36%
Morgan Stanley
19
Morgan Stanley
New York
$42K -$34.5K -68 -47%
Public Employees Retirement Association of Colorado
20
Public Employees Retirement Association of Colorado
Colorado
$29K
TRSOTSOK
21
Teachers Retirement System of the State of Kentucky
Kentucky
$16K
Legal & General Group
22
Legal & General Group
United Kingdom
$8K
BNP Paribas Financial Markets
23
BNP Paribas Financial Markets
France
$6.17K
Citigroup
24
Citigroup
New York
$6K -$9.63K -19 -63%
Wells Fargo
25
Wells Fargo
California
$3K -$4.05K -8 -67%

BH.A Hedge Fund Activity: Q3 2019 in Review

33 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q3 2019, worth a combined $101M — up 4.3% from $96.6M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of BH.A and 2 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 4 added.

The largest buyer was GAMCO Investors, adding an estimated $839K. The largest seller was Vanguard Group, cutting an estimated $485K.

  • 33 institutional investors held Biglari Holdings Class A (BH.A) as of Q3 2019, down from 36 in Q2 2019.
  • Funds reported $101M of Biglari Holdings Class A stock for Q3 2019, up 4.3% quarter-over-quarter.
  • 2 funds opened new Biglari Holdings Class A positions in Q3 2019 and 5 closed out, a net change of -3 holders.
  • The largest Biglari Holdings Class A buyer in Q3 2019 was GAMCO Investors, an estimated $839K added.
  • The largest Biglari Holdings Class A seller in Q3 2019 was Vanguard Group, an estimated $485K sold.

Based on aggregated 13F filings for Q3 2019.