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Biglari Holdings Class B

61 hedge funds and large institutions have $182M invested in Biglari Holdings Class B in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 18

0.26% more ownership

Funds ownership: 84.38%84.65% (+0.26%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

16% less funds holding

Funds holding: 7361 (-12)

26% less capital invested

Capital invested by funds: $247M → $182M (-$64.9M)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
61
Holders Change
-12
Holders Change %
-16.44%
% of All Funds
1.32%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
5
Increased
23
Reduced
18
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AIP
51
Ameritas Investment Partners
Nebraska
$8K
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$8K +$8.96K +75 +7,500%
PCM
53
Prelude Capital Management
New York
$6K +$7.17K +60 New
BC
54
Bartlett & Co
Ohio
$3K
FANJ
55
Financial Architects (New Jersey)
New Jersey
$3K
LWM
56
Lenox Wealth Management
Ohio
$3K
BCWM
57
Bartlett & Co Wealth Management
Ohio
$2.6K
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$2K +$717 +6 +32%
AG
59
Aperio Group
California
$2K +$2.27K +19 New
PSUF
60
People's United Financial
Connecticut
-$426K -3,008 Closed
RJA
61
Raymond James & Associates
Florida
-$317K -2,245 Closed
ECM
62
ExodusPoint Capital Management
New York
-$254K -1,800 Closed
Two Sigma Investments
63
Two Sigma Investments
New York
-$241K -1,702 Closed
HSBC Holdings
64
HSBC Holdings
United Kingdom
-$236K -1,671 Closed
CL
65
CSS LLC
Illinois
-$231K -1,631 Closed
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
-$210K -1,484 Closed
Russell Investments Group
67
Russell Investments Group
United Kingdom
-$112K -792 Closed
Canada Pension Plan Investment Board
68
Canada Pension Plan Investment Board
Ontario, Canada
-$85K -600 Closed
FIA
69
FNY Investment Advisers
New York
-$16K -120 Closed
WAM
70
Wealthspire Advisors (Maryland)
Maryland
-$6K -39 Closed
NSIM
71
North Star Investment Management
Illinois
-$4K -26 Closed

BH Hedge Fund Activity: Q2 2019 in Review

61 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2019, worth a combined $182M — down 26% from $247M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BH and 5 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 23 added.

The largest buyer was Fondren Management, adding an estimated $2.55M. The largest seller was Vanguard Group, cutting an estimated $3.3M.

  • 61 institutional investors held Biglari Holdings Class B (BH) as of Q2 2019, down from 73 in Q1 2019.
  • Funds reported $182M of Biglari Holdings Class B stock for Q2 2019, down 26% quarter-over-quarter.
  • 5 funds opened new Biglari Holdings Class B positions in Q2 2019 and 13 closed out, a net change of -8 holders.
  • The largest Biglari Holdings Class B buyer in Q2 2019 was Fondren Management, an estimated $2.55M added.
  • The largest Biglari Holdings Class B seller in Q2 2019 was Vanguard Group, an estimated $3.3M sold.

Based on aggregated 13F filings for Q2 2019.