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Biglari Holdings Class B

126 hedge funds and large institutions have $659M invested in Biglari Holdings Class B in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 44 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

22% more capital invested

Capital invested by funds: $541M → $659M (+$118M)

4.16% more ownership

Funds ownership: 115.68%119.84% (+4.2%)

3% more funds holding

Funds holding: 122126 (+4)

30% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 44

Holders
126
Holders Change
+4
Holders Change %
+3.28%
% of All Funds
3.36%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.11%
New
15
Increased
31
Reduced
44
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ECM
26
Empirical Capital Management
Tennessee
$3.84M +$3.4M +14,426 New
ECP
27
Empirical Capital Partners
Georgia
$3.84M +$3.4M +14,426 New
SIC
28
Schwartz Investment Counsel
Michigan
$3.76M -$919K -3,900 -22%
SGAM
29
Steinberg Global Asset Management
Florida
$3.4M +$41.7K +177 +1%
First Trust Advisors
30
First Trust Advisors
Illinois
$3.15M +$253K +1,072 +10%
Ameriprise
31
Ameriprise
Minnesota
$3.11M -$127K -538 -4%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$3.06M +$92.6K +393 +4%
TCIM
33
TIAA CREF Investment Management
New York
$2.98M -$80.8K -343 -3%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$2.76M -$304K -1,288 -11%
FCM
35
Force Capital Management
New York
$2.73M -$618K -2,622 -20%
BIM
36
BlackRock Investment Management
Delaware
$2.66M -$35.4K -150 -1%
New York State Teachers Retirement System (NYSTRS)
37
New York State Teachers Retirement System (NYSTRS)
New York
$2.24M -$35.4K -150 -2%
PPA
38
Parametric Portfolio Associates
Washington
$2.05M +$1.82M +7,703 New
Arrowstreet Capital
39
Arrowstreet Capital
Massachusetts
$2.03M +$325K +1,380 +22%
ESBC
40
E.S. Barr & Co
Kentucky
$1.97M -$3.68M -15,606 -68%
Prudential Financial
41
Prudential Financial
New Jersey
$1.84M -$35.4K -150 -2%
Deutsche Bank
42
Deutsche Bank
Germany
$1.78M +$639K +2,711 +68%
Charles Schwab
43
Charles Schwab
California
$1.55M -$261K -1,109 -16%
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$1.48M
Morgan Stanley
45
Morgan Stanley
New York
$1.42M -$275K -1,168 -18%
PSUF
46
People's United Financial
Connecticut
$1.42M
Invesco
47
Invesco
Georgia
$1.39M -$485K -2,060 -28%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$1.3M +$4.95K +21 +0.4%
Public Sector Pension Investment Board (PSP Investments)
49
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.29M
GC
50
Guggenheim Capital
Illinois
$1.17M +$2.59K +11 +0.3%

BH Hedge Fund Activity: Q4 2014 in Review

126 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2014, worth a combined $659M — up 22% from $541M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BH positions and 8 closed out — a net gain of 7 holders — while 31 added to existing stakes and 44 trimmed.

The largest buyer was Comerica Bank, adding an estimated $6.67M. The largest seller was Advisory Research, cutting an estimated $3.79M.

  • 126 institutional investors held Biglari Holdings Class B (BH) as of Q4 2014, up from 122 in Q3 2014.
  • Funds reported $659M of Biglari Holdings Class B stock for Q4 2014, up 22% quarter-over-quarter.
  • 15 funds opened new Biglari Holdings Class B positions in Q4 2014 and 8 closed out, a net change of +7 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2014 was Comerica Bank, an estimated $6.67M added.
  • The largest Biglari Holdings Class B seller in Q4 2014 was Advisory Research, an estimated $3.79M sold.

Based on aggregated 13F filings for Q4 2014.