Biglari Holdings Class B
58 hedge funds and large institutions have $191M invested in Biglari Holdings Class B in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 7 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
5% more capital invested
Capital invested by funds: $182M → $191M (+$9.21M)
0.09% more ownership
Funds ownership: 84.65% → 84.74% (+0.09%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 61 → 58 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
+$1.88M |
| 2 |
CCM
Corsair Capital Management
New York
|
+$1.3M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
+$593K |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$589K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Gabelli Funds
Rye,
New York
|
-$1.87M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$917K |
| 3 |
Millennium Management
New York
|
-$702K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$436K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$406K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
51
Bartlett & Co
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
FANJ
52
Financial Architects (New Jersey)
Marlton,
New Jersey
| $3K | – | – | – |
|
|
LWM
53
Lenox Wealth Management
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
NSIM
54
North Star Investment Management
Chicago,
Illinois
| $3K | +$2.57K | +26 | New |
|
|
BCWM
55
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $2.73K | – | – | – |
|
|
GF
56
Gabelli Funds
Rye,
New York
| – | -$1.87M | -18,000 | Closed |
|
|
57
Millennium Management
New York
| – | -$702K | -6,759 | Closed |
|
|
PP
58
Paloma Partners
Greenwich,
Connecticut
| – | -$436K | -4,200 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$66K | -637 | Closed |
|
60
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$21K | -201 | Closed |
|
|
PCM
61
Prelude Capital Management
New York
| – | -$6K | -60 | Closed |
|
62
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2.18K | -22 | -88% |
|
|
AG
63
Aperio Group
Sausalito,
California
| – | -$2K | -19 | Closed |
|
BH Hedge Fund Activity: Q3 2019 in Review
58 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2019, worth a combined $191M — up 5.1% from $182M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BH and 4 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 25 added.
The largest buyer was Fondren Management, adding an estimated $1.88M. The largest seller was Gabelli Funds, exiting entirely with an estimated $1.87M sold.
- 58 institutional investors held Biglari Holdings Class B (BH) as of Q3 2019, down from 61 in Q2 2019.
- Funds reported $191M of Biglari Holdings Class B stock for Q3 2019, up 5.1% quarter-over-quarter.
- 4 funds opened new Biglari Holdings Class B positions in Q3 2019 and 7 closed out, a net change of -3 holders.
- The largest Biglari Holdings Class B buyer in Q3 2019 was Fondren Management, an estimated $1.88M added.
- The largest Biglari Holdings Class B seller in Q3 2019 was Gabelli Funds, an estimated $1.87M sold.
Based on aggregated 13F filings for Q3 2019.