Biglari Holdings Class B
59 hedge funds and large institutions have $119M invested in Biglari Holdings Class B in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 5 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
35% more capital invested
Capital invested by funds: $88.4M → $119M (+$30.7M)
4% more funds holding
Funds holding: 57 → 59 (+2)
0.34% more ownership
Funds ownership: 83.1% → 83.45% (+0.34%)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$924K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$531K |
| 3 |
BlackRock
New York
|
+$428K |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$417K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
-$770K |
| 2 |
Renaissance Technologies
New York
|
-$625K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$517K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$270K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$165K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| $4K | +$4.25K | +66 | New |
|
52
BNP Paribas Financial Markets
Paris,
France
| $3.38K | -$16.9K | -263 | -84% |
|
|
LFG
53
Larson Financial Group
St Louis,
Missouri
| $3K | – | – | – |
|
|
BC
54
Bartlett & Co
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
FANJ
55
Financial Architects (New Jersey)
Marlton,
New Jersey
| $2K | – | – | – |
|
|
NSIM
56
North Star Investment Management
Chicago,
Illinois
| $2K | – | – | – |
|
57
Osaic Holdings
Scottsdale,
Arizona
| $2K | +$1.74K | +27 | +540% |
|
|
BCWM
58
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $1.73K | – | – | – |
|
59
Marshall Wace
London,
United Kingdom
| – | -$130K | -2,524 | Closed |
|
60
Victory Capital Management
San Antonio,
Texas
| – | -$38K | -720 | Closed |
|
|
ASN
61
Advisory Services Network
Atlanta,
Georgia
| – | -$21K | -400 | Closed |
|
|
MWNA
62
Marshall Wace North America
New York
| – | -$7K | -129 | Closed |
|
|
LWM
63
Lenox Wealth Management
Cincinnati,
Ohio
| – | -$1K | -29 | Closed |
|
BH Hedge Fund Activity: Q2 2020 in Review
59 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2020, worth a combined $119M — up 35% from $88.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BH positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was VIEX Capital Advisors, opening a new position worth an estimated $924K. The largest seller was Fondren Management, cutting an estimated $770K.
- 59 institutional investors held Biglari Holdings Class B (BH) as of Q2 2020, up from 57 in Q1 2020.
- Funds reported $119M of Biglari Holdings Class B stock for Q2 2020, up 35% quarter-over-quarter.
- 7 funds opened new Biglari Holdings Class B positions in Q2 2020 and 5 closed out, a net change of +2 holders.
- The largest Biglari Holdings Class B buyer in Q2 2020 was VIEX Capital Advisors, an estimated $924K added.
- The largest Biglari Holdings Class B seller in Q2 2020 was Fondren Management, an estimated $770K sold.
Based on aggregated 13F filings for Q2 2020.