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Biglari Holdings Class B

61 hedge funds and large institutions have $182M invested in Biglari Holdings Class B in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 18

0.26% more ownership

Funds ownership: 84.38%84.65% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

16% less funds holding

Funds holding: 7361 (-12)

26% less capital invested

Capital invested by funds: $247M → $182M (-$64.9M)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
61
Holders Change
-12
Holders Change %
-16.44%
% of All Funds
1.32%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
5
Increased
23
Reduced
18
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
26
Wells Fargo
California
$387K +$62.8K +526 +16%
Invesco
27
Invesco
Georgia
$377K -$14.2K -119 -3%
Arrowstreet Capital
28
Arrowstreet Capital
Massachusetts
$327K -$86.9K -728 -19%
Goldman Sachs
29
Goldman Sachs
New York
$234K -$435K -3,642 -62%
AQR Capital Management
30
AQR Capital Management
Connecticut
$217K -$333K -2,784 -57%
Swiss National Bank
31
Swiss National Bank
Switzerland
$187K
SO
32
STRS Ohio
Ohio
$155K +$11.9K +100 +7%
California State Teachers Retirement System (CalSTRS)
33
California State Teachers Retirement System (CalSTRS)
California
$152K
Deutsche Bank
34
Deutsche Bank
Germany
$142K -$90.4K -757 -35%
Bank of America
35
Bank of America
North Carolina
$134K -$539K -4,512 -78%
New York State Common Retirement Fund
36
New York State Common Retirement Fund
New York
$133K
Citigroup
37
Citigroup
New York
$126K +$117K +982 +421%
Barclays
38
Barclays
United Kingdom
$78K +$9.67K +81 +12%
Public Employees Retirement Association of Colorado
39
Public Employees Retirement Association of Colorado
Colorado
$69K
TRCT
40
Tower Research Capital (TRC)
New York
$66K +$67.5K +565 +785%
AIG
41
American International Group
New York
$62K +$597 +5 +0.8%
JP Morgan Chase
42
JP Morgan Chase
New York
$46K -$473K -3,964 -90%
Canada Life
43
Canada Life
Manitoba, Canada
$21K
UBS Group
44
UBS Group
Switzerland
$20K +$18.3K +153 +364%
Nisa Investment Advisors
45
Nisa Investment Advisors
Missouri
$19K
Morgan Stanley
46
Morgan Stanley
New York
$18K -$47.2K -395 -69%
MAM
47
Meeder Asset Management
Ohio
$16K +$12.7K +106 +226%
Legal & General Group
48
Legal & General Group
United Kingdom
$15K
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$12.8K -$14K -117 -49%
QT
50
Quantamental Technologies
New York
$12K +$9.2K +77 +193%

BH Hedge Fund Activity: Q2 2019 in Review

61 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2019, worth a combined $182M — down 26% from $247M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BH and 5 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 23 added.

The largest buyer was Fondren Management, adding an estimated $2.55M. The largest seller was Vanguard Group, cutting an estimated $3.3M.

  • 61 institutional investors held Biglari Holdings Class B (BH) as of Q2 2019, down from 73 in Q1 2019.
  • Funds reported $182M of Biglari Holdings Class B stock for Q2 2019, down 26% quarter-over-quarter.
  • 5 funds opened new Biglari Holdings Class B positions in Q2 2019 and 13 closed out, a net change of -8 holders.
  • The largest Biglari Holdings Class B buyer in Q2 2019 was Fondren Management, an estimated $2.55M added.
  • The largest Biglari Holdings Class B seller in Q2 2019 was Vanguard Group, an estimated $3.3M sold.

Based on aggregated 13F filings for Q2 2019.