Biglari Holdings Class A
BH.A
39 hedge funds and large institutions have $297M invested in Biglari Holdings Class A in 2025 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
200% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 4
44% more funds holding
Funds holding: 27 → 39 (+12)
16% more capital invested
Capital invested by funds: $256M → $297M (+$40.8M)
4.5% more ownership
Funds ownership: 88.49% → 92.98% (+4.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$4.57M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.14M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$1.08M |
| 4 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$1.06M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$984K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$980K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$251K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$224K |
| 4 |
CCM
Check Capital Management
Costa Mesa,
California
|
-$150K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$35K |
BH.A Hedge Fund Activity: Q3 2025 in Review
39 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class A (BH.A) for Q3 2025, worth a combined $297M — up 16% from $256M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BH.A positions and 4 closed out — a net gain of 12 holders — while 12 added to existing stakes and 4 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $4.57M. The largest seller was GAMCO Investors, cutting an estimated $980K.
- 39 institutional investors held Biglari Holdings Class A (BH.A) as of Q3 2025, up from 27 in Q2 2025.
- Funds reported $297M of Biglari Holdings Class A stock for Q3 2025, up 16% quarter-over-quarter.
- 16 funds opened new Biglari Holdings Class A positions in Q3 2025 and 4 closed out, a net change of +12 holders.
- The largest Biglari Holdings Class A buyer in Q3 2025 was Renaissance Technologies, an estimated $4.57M added.
- The largest Biglari Holdings Class A seller in Q3 2025 was GAMCO Investors, an estimated $980K sold.
Based on aggregated 13F filings for Q3 2025.