We are live on ! Find out more
BH icon

Biglari Holdings Class B
BH

115 hedge funds and large institutions have $802M invested in Biglari Holdings Class B in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 39 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $734M → $802M (+$67.7M)

1.72% more ownership

Funds ownership: 132.15% → 133.87% (+1.7%)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

1% more funds holding

Funds holding: 114 → 115 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

26% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 39

Holders
115
Holders Change
+1
Holders Change %
+0.88%
% of All Funds
3.07%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
29
Reduced
39
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$4.89M
2
BFA
BlackRock Fund Advisors
California
+$2.28M
3
Norges Bank
Norges Bank
Norway
+$2.1M
4
Goldman Sachs
Goldman Sachs
New York
+$1.75M
5
MCM
Matarin Capital Management
New York
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
RRAM
River Road Asset Management
Kentucky
-$1.91M
2
Millennium Management
Millennium Management
New York
-$1.39M
3
JAM
Jupiter Asset Management
United Kingdom
-$972K
4
PP
Paloma Partners
Connecticut
-$950K
5
Two Sigma Investments
Two Sigma Investments
New York
-$799K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
BlackRock Investment Management
Delaware
$2.14M -$35.9K -126 -2%
Boston Partners
27
Boston Partners
Massachusetts
$2.04M – – –
MAM
28
Martingale Asset Management
Massachusetts
$1.99M +$1.4M +4,890 +251%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$1.88M -$171K -600 -9%
New York State Teachers Retirement System (NYSTRS)
30
New York State Teachers Retirement System (NYSTRS)
New York
$1.72M -$85.6K -300 -5%
PSUF
31
People's United Financial
Connecticut
$1.55M – – –
Charles Schwab
32
Charles Schwab
California
$1.53M +$58.2K +204 +4%
Deutsche Bank
33
Deutsche Bank
Germany
$1.47M -$230K -806 -14%
DGHMC
34
Dalton, Greiner, Hartman, Maher & Co
New York
$1.26M +$1.24M +4,350 New
PPA
35
Parametric Portfolio Associates
Washington
$1.08M -$15.4K -54 -1%
GC
36
Guggenheim Capital
Illinois
$1.04M +$6.56K +23 +0.6%
Jacobs Levy Equity Management
37
Jacobs Levy Equity Management
New Jersey
$1.02M +$573K +2,008 +133%
Renaissance Technologies
38
Renaissance Technologies
New York
$998K +$424K +1,485 +76%
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$943K – – –
AllianceBernstein
40
AllianceBernstein
Tennessee
$911K +$42.8K +150 +5%
First Trust Advisors
41
First Trust Advisors
Illinois
$906K +$889K +3,116 New
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$905K -$14.8K -52 -2%
TA
43
Teachers Advisors
New York
$896K – – –
Swiss National Bank
44
Swiss National Bank
Switzerland
$862K – – –
Morgan Stanley
45
Morgan Stanley
New York
$827K -$320K -1,123 -28%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$801K +$128K +450 +20%
Bessemer Group
47
Bessemer Group
New Jersey
$741K +$728K +2,550 New
BG
48
BlackRock Group
United Kingdom
$710K +$35.7K +125 +5%
AQR Capital Management
49
AQR Capital Management
Connecticut
$696K +$684K +2,397 New
Canada Life
50
Canada Life
Manitoba, Canada
$615K – – –
1
2
3 4 5

BH Hedge Fund Activity: Q3 2016 in Review

115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2016, worth a combined $802M — up 9.2% from $734M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BH positions and 13 closed out — a net gain of 1 holder — while 29 added to existing stakes and 39 trimmed.

The largest buyer was Invesco, adding an estimated $4.89M. The largest seller was River Road Asset Management, cutting an estimated $1.91M.

  • 115 institutional investors held Biglari Holdings Class B (BH) as of Q3 2016, up from 114 in Q2 2016.
  • Funds reported $802M of Biglari Holdings Class B stock for Q3 2016, up 9.2% quarter-over-quarter.
  • 14 funds opened new Biglari Holdings Class B positions in Q3 2016 and 13 closed out, a net change of +1 holder.
  • The largest Biglari Holdings Class B buyer in Q3 2016 was Invesco, an estimated $4.89M added.
  • The largest Biglari Holdings Class B seller in Q3 2016 was River Road Asset Management, an estimated $1.91M sold.

Based on aggregated 13F filings for Q3 2016.