Biglari Holdings Class B
122 hedge funds and large institutions have $541M invested in Biglari Holdings Class B in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 75 increasing their positions, 31 reducing their positions, and 10 closing their positions.
142% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 31
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
1% more funds holding
Funds holding: 121 → 122 (+1)
7% less capital invested
Capital invested by funds: $580M → $541M (-$39.2M)
13.07% less ownership
Funds ownership: 128.76% → 115.68% (-13%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$12.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.14M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$4.31M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.25M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$4.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$8.4M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$5.59M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$4.21M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.14M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.84M |
BH Hedge Fund Activity: Q3 2014 in Review
122 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2014, worth a combined $541M — down 6.8% from $580M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BH positions and 10 closed out — a net gain of 1 holder — while 75 added to existing stakes and 31 trimmed.
The largest buyer was Biglari Capital Corp, adding an estimated $12.8M. The largest seller was JP Morgan Chase, cutting an estimated $8.4M.
- 122 institutional investors held Biglari Holdings Class B (BH) as of Q3 2014, up from 121 in Q2 2014.
- Funds reported $541M of Biglari Holdings Class B stock for Q3 2014, down 6.8% quarter-over-quarter.
- 11 funds opened new Biglari Holdings Class B positions in Q3 2014 and 10 closed out, a net change of +1 holder.
- The largest Biglari Holdings Class B buyer in Q3 2014 was Biglari Capital Corp, an estimated $12.8M added.
- The largest Biglari Holdings Class B seller in Q3 2014 was JP Morgan Chase, an estimated $8.4M sold.
Based on aggregated 13F filings for Q3 2014.