Biglari Holdings Class A
BH.A
22 hedge funds and large institutions have $201M invested in Biglari Holdings Class A in 2025 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 3 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0.17% more ownership
Funds ownership: 86.71% → 86.88% (+0.17%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 24 → 22 (-2)
14% less capital invested
Capital invested by funds: $232M → $201M (-$31.5M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$287K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$175K |
| 3 |
Goldman Sachs
New York
|
+$121K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$114K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$59.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$213K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$204K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$17.9K |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
-$5.61K |
| 5 |
BlackRock
New York
|
-$4.49K |
BH.A Hedge Fund Activity: Q1 2025 in Review
22 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q1 2025, worth a combined $201M — down 14% from $232M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BH.A and 1 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $287K. The largest seller was GAMCO Investors, cutting an estimated $213K.
- 22 institutional investors held Biglari Holdings Class A (BH.A) as of Q1 2025, down from 24 in Q4 2024.
- Funds reported $201M of Biglari Holdings Class A stock for Q1 2025, down 14% quarter-over-quarter.
- 1 fund opened new Biglari Holdings Class A positions in Q1 2025 and 3 closed out, a net change of -2 holders.
- The largest Biglari Holdings Class A buyer in Q1 2025 was Susquehanna International Group, an estimated $287K added.
- The largest Biglari Holdings Class A seller in Q1 2025 was GAMCO Investors, an estimated $213K sold.
Based on aggregated 13F filings for Q1 2025.