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Biglari Holdings Class B

105 hedge funds and large institutions have $783M invested in Biglari Holdings Class B in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

2.15% more ownership

Funds ownership: 136.74%138.88% (+2.1%)

6% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 31

0% more capital invested

Capital invested by funds: $782M → $783M (+$802K)

4% less funds holding

Funds holding: 109105 (-4)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
105
Holders Change
-4
Holders Change %
-3.67%
% of All Funds
2.41%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
33
Reduced
31
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$1.43M +$520K +1,878 +55%
BCM
27
Bridgeway Capital Management
Texas
$1.43M +$208K +750 +17%
New York State Teachers Retirement System (NYSTRS)
28
New York State Teachers Retirement System (NYSTRS)
New York
$1.41M
Goldman Sachs
29
Goldman Sachs
New York
$1.41M -$99.1K -358 -6%
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$1.32M +$137K +495 +11%
LCM
31
Landscape Capital Management
New Jersey
$1.31M +$812K +2,933 +157%
RhumbLine Advisers
32
RhumbLine Advisers
Massachusetts
$1.07M +$61.4K +222 +6%
CCM
33
Check Capital Management
California
$1.05M
PSUF
34
People's United Financial
Connecticut
$1.04M -$71.4K -258 -6%
Invesco
35
Invesco
Georgia
$1.02M +$149K +537 +17%
TCIM
36
TIAA CREF Investment Management
New York
$1.01M -$37.6K -136 -4%
Morgan Stanley
37
Morgan Stanley
New York
$940K -$59.8K -216 -6%
Legal & General Group
38
Legal & General Group
United Kingdom
$891K +$130K +471 +17%
TA
39
Teachers Advisors
New York
$756K
Swiss National Bank
40
Swiss National Bank
Switzerland
$734K +$33.2K +120 +5%
Russell Investments Group
41
Russell Investments Group
United Kingdom
$705K
CS
42
Credit Suisse
Switzerland
$666K +$35.4K +128 +6%
ASRS
43
Arizona State Retirement System
Arizona
$655K -$41.5K -150 -6%
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$642K -$16.9K -61 -3%
Canada Life
45
Canada Life
Manitoba, Canada
$558K -$48.2K -174 -8%
AllianceBernstein
46
AllianceBernstein
Tennessee
$527K -$41.5K -150 -7%
New York State Common Retirement Fund
47
New York State Common Retirement Fund
New York
$523K
O
48
OppenheimerFunds
New York
$490K -$73.1K -264 -13%
JIR
49
James Investment Research
Ohio
$477K +$485K +1,752 New
CGH
50
Crossmark Global Holdings
Texas
$422K +$11.6K +42 +3%

BH Hedge Fund Activity: Q1 2018 in Review

105 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2018, worth a combined $783M — up 0.1% from $782M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BH and 9 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 33 added.

The largest buyer was Biglari Capital Corp, adding an estimated $18.8M. The largest seller was Janus Henderson Group, cutting an estimated $7.43M.

  • 105 institutional investors held Biglari Holdings Class B (BH) as of Q1 2018, down from 109 in Q4 2017.
  • Funds reported $783M of Biglari Holdings Class B stock for Q1 2018, up 0.1% quarter-over-quarter.
  • 9 funds opened new Biglari Holdings Class B positions in Q1 2018 and 12 closed out, a net change of -3 holders.
  • The largest Biglari Holdings Class B buyer in Q1 2018 was Biglari Capital Corp, an estimated $18.8M added.
  • The largest Biglari Holdings Class B seller in Q1 2018 was Janus Henderson Group, an estimated $7.43M sold.

Based on aggregated 13F filings for Q1 2018.