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Biglari Holdings Class B

72 hedge funds and large institutions have $268M invested in Biglari Holdings Class B in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

19% more capital invested

Capital invested by funds: $226M → $268M (+$42.1M)

3% more funds holding

Funds holding: 7072 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.02% less ownership

Funds ownership: 82.26%81.24% (-1%)

39% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 28

Holders
72
Holders Change
+2
Holders Change %
+2.86%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
17
Reduced
28
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$595K -$42.9K -279 -7%
Marshall Wace
27
Marshall Wace
United Kingdom
$554K +$244K +1,586 +84%
Two Sigma Investments
28
Two Sigma Investments
New York
$504K +$487K +3,162 New
WG
29
Winton Group
United Kingdom
$496K +$47.4K +308 +11%
Barclays
30
Barclays
United Kingdom
$489K -$186K -1,207 -28%
MAM
31
Marquette Asset Management
Minnesota
$478K
ETC
32
Exchange Traded Concepts
Oklahoma
$471K -$68.6K -446 -13%
Deutsche Bank
33
Deutsche Bank
Germany
$408K -$17.9K -116 -4%
Invesco
34
Invesco
Georgia
$388K +$22.8K +148 +6%
State of Tennessee, Department of Treasury
35
State of Tennessee, Department of Treasury
Tennessee
$311K
PAM
36
Panagora Asset Management
Massachusetts
$296K -$423K -2,745 -60%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$280K
RhumbLine Advisers
38
RhumbLine Advisers
Massachusetts
$220K -$40K -260 -16%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$214K +$206K +1,339 New
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$205K +$1.08K +7 +0.5%
JP Morgan Chase
41
JP Morgan Chase
New York
$193K -$253K -1,641 -58%
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$180K -$40K -260 -19%
Russell Investments Group
43
Russell Investments Group
United Kingdom
$141K
OSAM
44
O'Shaughnessy Asset Management
Connecticut
$138K +$30.3K +197 +30%
Acadian Asset Management
45
Acadian Asset Management
Massachusetts
$107K +$54.5K +354 +112%
KBC Group
46
KBC Group
Belgium
$100K
Bank of America
47
Bank of America
North Carolina
$94K -$91.7K -596 -50%
E
48
Ergoteles
New York
$91K +$87.7K +570 New
TRCT
49
Tower Research Capital (TRC)
New York
$66K +$42.9K +279 +202%
Public Employees Retirement Association of Colorado
50
Public Employees Retirement Association of Colorado
Colorado
$63K

BH Hedge Fund Activity: Q2 2021 in Review

72 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2021, worth a combined $268M — up 19% from $226M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BH positions and 7 closed out — a net gain of 2 holders — while 17 added to existing stakes and 28 trimmed.

The largest buyer was Biglari Capital Corp, adding an estimated $2.97M. The largest seller was BlackRock, cutting an estimated $2.8M.

  • 72 institutional investors held Biglari Holdings Class B (BH) as of Q2 2021, up from 70 in Q1 2021.
  • Funds reported $268M of Biglari Holdings Class B stock for Q2 2021, up 19% quarter-over-quarter.
  • 9 funds opened new Biglari Holdings Class B positions in Q2 2021 and 7 closed out, a net change of +2 holders.
  • The largest Biglari Holdings Class B buyer in Q2 2021 was Biglari Capital Corp, an estimated $2.97M added.
  • The largest Biglari Holdings Class B seller in Q2 2021 was BlackRock, an estimated $2.8M sold.

Based on aggregated 13F filings for Q2 2021.