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Biglari Holdings Class B

120 hedge funds and large institutions have $695M invested in Biglari Holdings Class B in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 40 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

25% more capital invested

Capital invested by funds: $558M → $695M (+$137M)

5% more funds holding

Funds holding: 114120 (+6)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

5% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 40

23.63% less ownership

Funds ownership: 152.47%128.85% (-24%)

Holders
120
Holders Change
+6
Holders Change %
+5.26%
% of All Funds
3.48%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.09%
New
15
Increased
38
Reduced
40
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CS
51
Credit Suisse
Switzerland
$1.19M -$1.13M -4,001 -51%
Morgan Stanley
52
Morgan Stanley
New York
$1.14M -$541K -1,916 -35%
RhumbLine Advisers
53
RhumbLine Advisers
Massachusetts
$1.1M -$42.1K -149 -4%
TA
54
Teachers Advisors
New York
$1.06M +$45.7K +162 +5%
AllianceBernstein
55
AllianceBernstein
Tennessee
$1.06M
Bank of America
56
Bank of America
North Carolina
$982K -$7.62K -27 -0.9%
SCIA
57
Sanibel Captiva Investment Advisers
Illinois
$906K +$45.5K +161 +6%
RA
58
Royce & Associates
New York
$892K +$803K +2,843 New
Nisa Investment Advisors
59
Nisa Investment Advisors
Missouri
$833K +$137K +484 +22%
NFA
60
Nationwide Fund Advisors
Ohio
$784K -$14.4K -51 -2%
TPSF
61
Texas Permanent School Fund
Texas
$780K -$4.52K -16 -0.6%
CL
62
CSS LLC
Illinois
$776K +$699K +2,475 New
State of Tennessee, Department of Treasury
63
State of Tennessee, Department of Treasury
Tennessee
$760K
Renaissance Technologies
64
Renaissance Technologies
New York
$755K -$2.68M -9,491 -80%
Citigroup
65
Citigroup
New York
$737K -$44.6K -158 -6%
VOYA Investment Management
66
VOYA Investment Management
Georgia
$736K
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
$717K +$646K +2,286 New
MAM
68
Martingale Asset Management
Massachusetts
$710K +$137K +485 +27%
AIG
69
American International Group
New York
$590K +$1.69K +6 +0.3%
Swiss National Bank
70
Swiss National Bank
Switzerland
$586K
MLICM
71
Metropolitan Life Insurance Company (MetLife)
New York
$581K +$5.93K +21 +1%
ASRS
72
Arizona State Retirement System
Arizona
$575K -$91.2K -323 -15%
Deutsche Bank
73
Deutsche Bank
Germany
$555K -$605K -2,141 -55%
Public Employees Retirement Association of Colorado
74
Public Employees Retirement Association of Colorado
Colorado
$503K
Millennium Management
75
Millennium Management
New York
$485K -$610K -2,160 -58%

BH Hedge Fund Activity: Q4 2013 in Review

120 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2013, worth a combined $695M — up 25% from $558M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BH positions and 7 closed out — a net gain of 8 holders — while 38 added to existing stakes and 40 trimmed.

The largest buyer was Janus Henderson Investors US, adding an estimated $13.6M. The largest seller was Allianz Asset Management, cutting an estimated $2.92M.

  • 120 institutional investors held Biglari Holdings Class B (BH) as of Q4 2013, up from 114 in Q3 2013.
  • Funds reported $695M of Biglari Holdings Class B stock for Q4 2013, up 25% quarter-over-quarter.
  • 15 funds opened new Biglari Holdings Class B positions in Q4 2013 and 7 closed out, a net change of +8 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2013 was Janus Henderson Investors US, an estimated $13.6M added.
  • The largest Biglari Holdings Class B seller in Q4 2013 was Allianz Asset Management, an estimated $2.92M sold.

Based on aggregated 13F filings for Q4 2013.