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Biglari Holdings Class A

25 hedge funds and large institutions have $126M invested in Biglari Holdings Class A in 2021 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.24% less ownership

Funds ownership: 87.45%86.2% (-1.2%)

4% less funds holding

Funds holding: 2625 (-1)

16% less capital invested

Capital invested by funds: $151M → $126M (-$24.8M)

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

Holders
25
Holders Change
-1
Holders Change %
-3.85%
% of All Funds
0.38%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
1
Increased
6
Reduced
8
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$101M +$150K +198 +0.1%
GI
2
GAMCO Investors
Connecticut
$10.1M -$1.06M -1,400 -9%
Vanguard Group
3
Vanguard Group
Pennsylvania
$4.06M -$3.02K -4 -0.1%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$3.42M +$15.9K +21 +0.4%
CCM
5
Check Capital Management
California
$1.59M
Millennium Management
6
Millennium Management
New York
$1.45M -$551K -729 -26%
BlackRock
7
BlackRock
New York
$1.13M +$3.02K +4 +0.2%
GF
8
Gabelli Funds
New York
$1.04M
Geode Capital Management
9
Geode Capital Management
Massachusetts
$493K -$8.31K -11 -2%
Axa
10
Axa
France
$327K -$6.8K -9 -2%
Jane Street
11
Jane Street
New York
$317K -$396K -524 -53%
State Street
12
State Street
Massachusetts
$252K -$30.2K -40 -10%
Renaissance Technologies
13
Renaissance Technologies
New York
$202K +$7.55K +10 +4%
Bank of America
14
Bank of America
North Carolina
$64K -$133K -176 -66%
Morgan Stanley
15
Morgan Stanley
New York
$49K +$2.27K +3 +4%
UBS Group
16
UBS Group
Switzerland
$39K +$28.7K +38 +211%
BNP Paribas Financial Markets
17
BNP Paribas Financial Markets
France
$18.1K
Optiver Holding
18
Optiver Holding
Netherlands
$7K
TRCT
19
Tower Research Capital (TRC)
New York
$7K +$7.55K +10 New
Barclays
20
Barclays
United Kingdom
$4K
TRSOTSOK
21
Teachers Retirement System of the State of Kentucky
Kentucky
$2K
Wells Fargo
22
Wells Fargo
California
$2K
CCA
23
Column Capital Advisors
Indiana
$1K
NSIM
24
North Star Investment Management
Illinois
$1K
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$1K

BH.A Hedge Fund Activity: Q4 2021 in Review

25 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q4 2021, worth a combined $126M — down 16% from $151M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of BH.A and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.

The largest buyer was Biglari Capital Corp, adding an estimated $150K. The largest seller was GAMCO Investors, cutting an estimated $1.06M.

  • 25 institutional investors held Biglari Holdings Class A (BH.A) as of Q4 2021, down from 26 in Q3 2021.
  • Funds reported $126M of Biglari Holdings Class A stock for Q4 2021, down 16% quarter-over-quarter.
  • 1 fund opened new Biglari Holdings Class A positions in Q4 2021 and 2 closed out, a net change of -1 holder.
  • The largest Biglari Holdings Class A buyer in Q4 2021 was Biglari Capital Corp, an estimated $150K added.
  • The largest Biglari Holdings Class A seller in Q4 2021 was GAMCO Investors, an estimated $1.06M sold.

Based on aggregated 13F filings for Q4 2021.