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Biglari Holdings Class B

74 hedge funds and large institutions have $201M invested in Biglari Holdings Class B in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

3% less funds holding

Funds holding: 7674 (-2)

3.18% less ownership

Funds ownership: 88.75%85.57% (-3.2%)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

40% less capital invested

Capital invested by funds: $333M → $201M (-$132M)

Holders
74
Holders Change
-2
Holders Change %
-2.63%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
10
Increased
21
Reduced
21
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MWNA
51
Marshall Wace North America
New York
$31K +$40K +271 New
Citigroup
52
Citigroup
New York
$27K -$23K -156 -39%
Canada Life
53
Canada Life
Manitoba, Canada
$22K
Nisa Investment Advisors
54
Nisa Investment Advisors
Missouri
$20K -$28.8K -195 -52%
AIP
55
Ameritas Investment Partners
Nebraska
$9K
Acadian Asset Management
56
Acadian Asset Management
Massachusetts
$9K +$11.4K +77 New
BNP Paribas Financial Markets
57
BNP Paribas Financial Markets
France
$8.06K -$885 -6 -8%
CI
58
CAZ Investments
Texas
$7K
Royal Bank of Canada
59
Royal Bank of Canada
Ontario, Canada
$6K +$2.65K +18 +50%
LWM
60
Lenox Wealth Management
Ohio
$5K
WAM
61
Wealthspire Advisors (Maryland)
Maryland
$4K
BC
62
Bartlett & Co
Ohio
$3K
FANJ
63
Financial Architects (New Jersey)
New Jersey
$3K
NSIM
64
North Star Investment Management
Illinois
$3K
CIM
65
Contravisory Investment Management
Massachusetts
$3K +$3.69K +25 New
Twin Tree Management
66
Twin Tree Management
Texas
$3K +$4.42K +30 New
BCWM
67
Bartlett & Co Wealth Management
Ohio
$2.84K
IA
68
IFP Advisors
Florida
$2K
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$2K +$1.33K +9 +129%
Federated Hermes
70
Federated Hermes
Pennsylvania
$2K +$2.95K +20 New
SWM
71
SeaCrest Wealth Management
New York
$1K
Janus Henderson Group
72
Janus Henderson Group
United Kingdom
-$13.7M -75,780 Closed
Susquehanna International Group
73
Susquehanna International Group
Pennsylvania
-$730K -4,028 Closed
Millennium Management
74
Millennium Management
New York
-$596K -3,287 Closed
PPA
75
Parametric Portfolio Associates
Washington
-$514K -2,833 Closed

BH Hedge Fund Activity: Q4 2018 in Review

74 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2018, worth a combined $201M — down 40% from $333M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BH and 10 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Fondren Management, adding an estimated $4.04M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $13.7M sold.

  • 74 institutional investors held Biglari Holdings Class B (BH) as of Q4 2018, down from 76 in Q3 2018.
  • Funds reported $201M of Biglari Holdings Class B stock for Q4 2018, down 40% quarter-over-quarter.
  • 10 funds opened new Biglari Holdings Class B positions in Q4 2018 and 12 closed out, a net change of -2 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2018 was Fondren Management, an estimated $4.04M added.
  • The largest Biglari Holdings Class B seller in Q4 2018 was Janus Henderson Group, an estimated $13.7M sold.

Based on aggregated 13F filings for Q4 2018.