We are live on ! Find out more
BH icon

Biglari Holdings Class B
BH

115 hedge funds and large institutions have $802M invested in Biglari Holdings Class B in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 39 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $734M → $802M (+$67.7M)

1.72% more ownership

Funds ownership: 132.15% → 133.87% (+1.7%)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

1% more funds holding

Funds holding: 114 → 115 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

26% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 39

Holders
115
Holders Change
+1
Holders Change %
+0.88%
% of All Funds
3.07%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
29
Reduced
39
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$4.89M
2
BFA
BlackRock Fund Advisors
California
+$2.28M
3
Norges Bank
Norges Bank
Norway
+$2.1M
4
Goldman Sachs
Goldman Sachs
New York
+$1.75M
5
MCM
Matarin Capital Management
New York
+$1.46M

Top Sellers

Rank Fund Capital Flow
1
RRAM
River Road Asset Management
Kentucky
-$1.91M
2
Millennium Management
Millennium Management
New York
-$1.39M
3
JAM
Jupiter Asset Management
United Kingdom
-$972K
4
PP
Paloma Partners
Connecticut
-$950K
5
Two Sigma Investments
Two Sigma Investments
New York
-$799K
Name Holding Trade Value Shares
Change 		Change in
Stake
Nisa Investment Advisors
51
Nisa Investment Advisors
Missouri
$600K – – –
JP Morgan Chase
52
JP Morgan Chase
New York
$571K +$560K +1,964 New
NFA
53
Nationwide Fund Advisors
Ohio
$550K +$28K +98 +5%
CCM
54
Check Capital Management
California
$503K +$23.1K +81 +5%
SGAM
55
Steinberg Global Asset Management
Florida
$497K +$488K +1,710 New
CS
56
Credit Suisse
Switzerland
$490K -$500K -1,752 -51%
EA
57
Emerald Acquisition
Washington
$453K – – –
GCP
58
GSA Capital Partners
United Kingdom
$442K +$141K +494 +48%
O
59
OppenheimerFunds
New York
$405K -$27.1K -95 -6%
Legal & General Group
60
Legal & General Group
United Kingdom
$393K +$288K +1,008 +287%
Comerica Bank
61
Comerica Bank
Texas
$376K -$9.99K -35 -3%
State of Tennessee, Department of Treasury
62
State of Tennessee, Department of Treasury
Tennessee
$358K – – –
Public Sector Pension Investment Board (PSP Investments)
63
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$349K – – –
IIM
64
Ironwood Investment Management
Massachusetts
$349K +$75.6K +265 +28%
Public Employees Retirement Association of Colorado
65
Public Employees Retirement Association of Colorado
Colorado
$344K – – –
MLICM
66
Metropolitan Life Insurance Company (MetLife)
New York
$341K – – –
TPSF
67
Texas Permanent School Fund
Texas
$337K -$14.6K -51 -4%
AIG
68
American International Group
New York
$333K -$3.71K -13 -1%
Manulife (Manufacturers Life Insurance)
69
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$319K -$3.42K -12 -1%
UBS AM
70
UBS AM
Illinois
$293K – – –
CAM
71
Capstone Asset Management
Texas
$285K +$2.85K +10 +1%
BA
72
BlackRock Advisors
Delaware
$254K +$23.4K +82 +10%
Thrivent Financial for Lutherans
73
Thrivent Financial for Lutherans
Minnesota
$226K – – –
Two Sigma Advisers
74
Two Sigma Advisers
New York
$218K -$514K -1,800 -71%
ASRS
75
Arizona State Retirement System
Arizona
$218K – – –
1 2
3
4 5

BH Hedge Fund Activity: Q3 2016 in Review

115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2016, worth a combined $802M — up 9.2% from $734M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BH positions and 13 closed out — a net gain of 1 holder — while 29 added to existing stakes and 39 trimmed.

The largest buyer was Invesco, adding an estimated $4.89M. The largest seller was River Road Asset Management, cutting an estimated $1.91M.

  • 115 institutional investors held Biglari Holdings Class B (BH) as of Q3 2016, up from 114 in Q2 2016.
  • Funds reported $802M of Biglari Holdings Class B stock for Q3 2016, up 9.2% quarter-over-quarter.
  • 14 funds opened new Biglari Holdings Class B positions in Q3 2016 and 13 closed out, a net change of +1 holder.
  • The largest Biglari Holdings Class B buyer in Q3 2016 was Invesco, an estimated $4.89M added.
  • The largest Biglari Holdings Class B seller in Q3 2016 was River Road Asset Management, an estimated $1.91M sold.

Based on aggregated 13F filings for Q3 2016.