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Biglari Holdings Class A
BH.A

18 hedge funds and large institutions have $118M invested in Biglari Holdings Class A in 2022 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $108M → $118M (+$9.19M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.56% less ownership

Funds ownership: 84.39% → 83.83% (-0.56%)

10% less funds holding

Funds holding: 20 → 18 (-2)

80% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 5

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

Holders
18
Holders Change
-2
Holders Change %
-10%
% of All Funds
0.29%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
–
Increased
1
Reduced
5
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$49.8K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$435K
2
Vanguard Group
Vanguard Group
Pennsylvania
-$391K
3
TRCT
Tower Research Capital (TRC)
New York
-$6.06K
4
Bank of America
Bank of America
North Carolina
-$5.38K
5
TRSOTSOK
Teachers Retirement System of the State of Kentucky
Kentucky
-$2K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$100M – – –
GI
2
GAMCO Investors
Connecticut
$9.65M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.48M -$391K -581 -14%
CCM
4
Check Capital Management
California
$1.62M – – –
BlackRock
5
BlackRock
New York
$1.1M – – –
GF
6
Gabelli Funds
New York
$1.03M – – –
Millennium Management
7
Millennium Management
New York
$1.01M -$435K -646 -31%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$437K -$673 -1 -0.2%
Morgan Stanley
9
Morgan Stanley
New York
$41.3K – – –
Bank of America
10
Bank of America
North Carolina
$31K -$5.38K -8 -15%
TRCT
11
Tower Research Capital (TRC)
New York
$13K -$6.06K -9 -32%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$3.47K +$49.8K +74 +1%
Wells Fargo
13
Wells Fargo
California
$2.06K – – –
BCWM
14
Bartlett & Co Wealth Management
Ohio
$1.38K – – –
NSIM
15
North Star Investment Management
Illinois
$1.38K – – –
BC
16
Bartlett & Co
Ohio
$1K – – –
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$1K – – –
CCA
18
Column Capital Advisors
Indiana
$689 – – –
TRSOTSOK
19
Teachers Retirement System of the State of Kentucky
Kentucky
– -$2K -3 Closed
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
– -$1K -2 Closed

BH.A Hedge Fund Activity: Q4 2022 in Review

18 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q4 2022, worth a combined $118M — up 8.5% from $108M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of BH.A and 0 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 1 added.

The largest buyer was Dimensional Fund Advisors, adding an estimated $49.8K. The largest seller was Millennium Management, cutting an estimated $435K.

  • 18 institutional investors held Biglari Holdings Class A (BH.A) as of Q4 2022, down from 20 in Q3 2022.
  • Funds reported $118M of Biglari Holdings Class A stock for Q4 2022, up 8.5% quarter-over-quarter.
  • 0 funds opened new Biglari Holdings Class A positions in Q4 2022 and 2 closed out, a net change of -2 holders.
  • The largest Biglari Holdings Class A buyer in Q4 2022 was Dimensional Fund Advisors, an estimated $49.8K added.
  • The largest Biglari Holdings Class A seller in Q4 2022 was Millennium Management, an estimated $435K sold.

Based on aggregated 13F filings for Q4 2022.