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Biglari Holdings Class B
BH

69 hedge funds and large institutions have $321M invested in Biglari Holdings Class B in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

15% more capital invested

Capital invested by funds: $279M → $321M (+$42M)

1% more funds holding

Funds holding: 68 → 69 (+1)

0.05% more ownership

Funds ownership: 81.69% → 81.74% (+0.05%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

Holders
69
Holders Change
+1
Holders Change %
+1.47%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
6
Increased
20
Reduced
22
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCC
Biglari Capital Corp
Texas
+$1.93M
2
AI
Acuitas Investments
Washington
+$307K
3
CCM
Check Capital Management
California
+$215K
4
VF
Virtu Financial
New York
+$199K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$163K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$811K
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$425K
3
BlackRock
BlackRock
New York
-$309K
4
Squarepoint
Squarepoint
New York
-$235K
5
Prudential Financial
Prudential Financial
New Jersey
-$219K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$391K – – –
Assenagon Asset Management
27
Assenagon Asset Management
Luxembourg
$380K – – –
JP Morgan Chase
28
JP Morgan Chase
New York
$361K +$92.7K +549 +41%
Bank of America
29
Bank of America
North Carolina
$304K -$180K -1,068 -40%
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$275K – – –
CCM
31
Check Capital Management
California
$242K +$215K +1,275 New
LPL Financial
32
LPL Financial
California
$229K -$77.3K -458 -28%
VF
33
Virtu Financial
New York
$223K +$199K +1,177 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$215K +$149K +881 +341%
RWM
35
Ritholtz Wealth Management
New York
$207K -$64K -379 -26%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$205K -$13.2K -78 -7%
Barclays
37
Barclays
United Kingdom
$200K -$89.3K -529 -33%
Russell Investments Group
38
Russell Investments Group
United Kingdom
$169K – – –
UBS Group
39
UBS Group
Switzerland
$142K -$10.6K -63 -8%
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$130K -$169 -1 -0.1%
GCM
41
Gladius Capital Management
Illinois
$85.2K +$7.93K +47 +12%
MIM
42
MetLife Investment Management
New Jersey
$76.4K -$675 -4 -1%
Public Employees Retirement Association of Colorado
43
Public Employees Retirement Association of Colorado
Colorado
$75K – – –
AIG
44
American International Group
New York
$69K -$675 -4 -1%
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$67.5K +$27K +160 +82%
Wells Fargo
46
Wells Fargo
California
$49.5K +$5.74K +34 +15%
Citigroup
47
Citigroup
New York
$30.9K +$7.43K +44 +37%
WIA
48
Wetzel Investment Advisors
Indiana
$18.9K – – –
AIP
49
Ameritas Investment Partners
Nebraska
$15.2K – – –
California State Teachers Retirement System (CalSTRS)
50
California State Teachers Retirement System (CalSTRS)
California
$14K -$8.1K -48 -39%
1
2
3

BH Hedge Fund Activity: Q1 2024 in Review

69 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2024, worth a combined $321M — up 15% from $279M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new BH positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 22 trimmed.

The largest buyer was Biglari Capital Corp, adding an estimated $1.93M. The largest seller was Morgan Stanley, cutting an estimated $811K.

  • 69 institutional investors held Biglari Holdings Class B (BH) as of Q1 2024, up from 68 in Q4 2023.
  • Funds reported $321M of Biglari Holdings Class B stock for Q1 2024, up 15% quarter-over-quarter.
  • 6 funds opened new Biglari Holdings Class B positions in Q1 2024 and 5 closed out, a net change of +1 holder.
  • The largest Biglari Holdings Class B buyer in Q1 2024 was Biglari Capital Corp, an estimated $1.93M added.
  • The largest Biglari Holdings Class B seller in Q1 2024 was Morgan Stanley, an estimated $811K sold.

Based on aggregated 13F filings for Q1 2024.