Biglari Holdings Class B
55 hedge funds and large institutions have $153M invested in Biglari Holdings Class B in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 8 closing their positions.
29% more capital invested
Capital invested by funds: $119M → $153M (+$34M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.31% less ownership
Funds ownership: 83.45% → 83.13% (-0.31%)
7% less funds holding
Funds holding: 59 → 55 (-4)
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$1.89M |
| 2 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
+$1.76M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$422K |
| 4 |
BlackRock
New York
|
+$392K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
-$1.9M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$732K |
| 3 |
Renaissance Technologies
New York
|
-$434K |
| 4 |
DTL
Dynamic Technology Lab
Singapore
|
-$362K |
| 5 |
CCM
Corsair Capital Management
New York
|
-$346K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCWM
51
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $2.23K | – | – | – |
|
|
BC
52
Bartlett & Co
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
NSIM
53
North Star Investment Management
Chicago,
Illinois
| $2K | – | – | – |
|
|
54
Renaissance Technologies
New York
| – | -$434K | -6,295 | Closed |
|
|
DTL
55
Dynamic Technology Lab
Singapore
| – | -$362K | -5,248 | Closed |
|
|
EGM
56
Engineers Gate Manager
New York
| – | -$242K | -3,513 | Closed |
|
|
MAM
57
Marquette Asset Management
Minneapolis,
Minnesota
| – | -$234K | -3,397 | Closed |
|
|
RA
58
Royce & Associates
New York
| – | -$38K | -552 | Closed |
|
59
UBS Group
Zurich,
Switzerland
| – | -$32K | -454 | Closed |
|
|
MAM
60
Meeder Asset Management
Dublin,
Ohio
| – | -$9K | -130 | Closed |
|
61
Osaic Holdings
Scottsdale,
Arizona
| – | -$2.22K | -27 | -84% |
|
|
FANJ
62
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$2K | -26 | Closed |
|
BH Hedge Fund Activity: Q3 2020 in Review
55 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2020, worth a combined $153M — up 29% from $119M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BH and 4 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 15 added.
The largest buyer was Biglari Capital Corp, adding an estimated $1.89M. The largest seller was Fondren Management, cutting an estimated $1.9M.
- 55 institutional investors held Biglari Holdings Class B (BH) as of Q3 2020, down from 59 in Q2 2020.
- Funds reported $153M of Biglari Holdings Class B stock for Q3 2020, up 29% quarter-over-quarter.
- 4 funds opened new Biglari Holdings Class B positions in Q3 2020 and 8 closed out, a net change of -4 holders.
- The largest Biglari Holdings Class B buyer in Q3 2020 was Biglari Capital Corp, an estimated $1.89M added.
- The largest Biglari Holdings Class B seller in Q3 2020 was Fondren Management, an estimated $1.9M sold.
Based on aggregated 13F filings for Q3 2020.