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Biglari Holdings Class B

63 hedge funds and large institutions have $190M invested in Biglari Holdings Class B in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

24% more capital invested

Capital invested by funds: $153M → $190M (+$37.2M)

15% more funds holding

Funds holding: 5563 (+8)

0.53% less ownership

Funds ownership: 83.13%82.61% (-0.53%)

21% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 19

67% less funds holding in top 10

Funds holding in top 10: 31 (-2)

Holders
63
Holders Change
+8
Holders Change %
+14.55%
% of All Funds
1.11%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
12
Increased
15
Reduced
19
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Millennium Management
26
Millennium Management
New York
$338K +$312K +3,039 New
MAM
27
Marquette Asset Management
Minnesota
$334K +$308K +3,000 New
Wells Fargo
28
Wells Fargo
California
$332K +$71.2K +693 +30%
WG
29
Winton Group
United Kingdom
$314K -$343K -3,340 -54%
JP Morgan Chase
30
JP Morgan Chase
New York
$312K +$240K +2,335 +487%
MAM
31
Martingale Asset Management
Massachusetts
$312K +$288K +2,802 New
ETC
32
Exchange Traded Concepts
Oklahoma
$261K +$241K +2,347 New
Los Angeles Capital Management
33
Los Angeles Capital Management
California
$251K +$232K +2,261 New
Marshall Wace
34
Marshall Wace
United Kingdom
$244K +$225K +2,191 New
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$242K +$223K +2,173 New
HSBC Holdings
36
HSBC Holdings
United Kingdom
$208K +$188K +1,826 New
Bank of America
37
Bank of America
North Carolina
$203K -$9.96K -97 -5%
State of Tennessee, Department of Treasury
38
State of Tennessee, Department of Treasury
Tennessee
$196K -$13.1K -128 -7%
OSAM
39
O'Shaughnessy Asset Management
Connecticut
$185K -$132K -1,283 -44%
Morgan Stanley
40
Morgan Stanley
New York
$184K +$99.9K +973 +142%
TRCT
41
Tower Research Capital (TRC)
New York
$182K -$264K -2,566 -61%
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$164K
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$142K
Deutsche Bank
44
Deutsche Bank
Germany
$72K +$20.1K +196 +43%
Russell Investments Group
45
Russell Investments Group
United Kingdom
$65K
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$63K +$55.9K +544 +1,295%
Public Employees Retirement Association of Colorado
47
Public Employees Retirement Association of Colorado
Colorado
$44K
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$43.4K +$12.5K +122 +46%
Acadian Asset Management
49
Acadian Asset Management
Massachusetts
$35K
Citigroup
50
Citigroup
New York
$23K +$16.8K +164 +373%

BH Hedge Fund Activity: Q4 2020 in Review

63 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2020, worth a combined $190M — up 24% from $153M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BH positions and 3 closed out — a net gain of 9 holders — while 15 added to existing stakes and 19 trimmed.

The largest buyer was Biglari Capital Corp, adding an estimated $8.63M. The largest seller was VIEX Capital Advisors, exiting entirely with an estimated $3.19M sold.

  • 63 institutional investors held Biglari Holdings Class B (BH) as of Q4 2020, up from 55 in Q3 2020.
  • Funds reported $190M of Biglari Holdings Class B stock for Q4 2020, up 24% quarter-over-quarter.
  • 12 funds opened new Biglari Holdings Class B positions in Q4 2020 and 3 closed out, a net change of +9 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2020 was Biglari Capital Corp, an estimated $8.63M added.
  • The largest Biglari Holdings Class B seller in Q4 2020 was VIEX Capital Advisors, an estimated $3.19M sold.

Based on aggregated 13F filings for Q4 2020.