Biglari Holdings Class B
63 hedge funds and large institutions have $190M invested in Biglari Holdings Class B in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
24% more capital invested
Capital invested by funds: $153M → $190M (+$37.2M)
15% more funds holding
Funds holding: 55 → 63 (+8)
0.53% less ownership
Funds ownership: 83.13% → 82.61% (-0.53%)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$8.63M |
| 2 |
Millennium Management
New York
|
+$312K |
| 3 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$308K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$288K |
| 5 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCA
VIEX Capital Advisors
Sunny Isles Beach,
Florida
|
-$3.19M |
| 2 |
CCM
Corsair Capital Management
New York
|
-$975K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$967K |
| 4 |
Bank of New York Mellon
New York
|
-$679K |
| 5 |
WG
Winton Group
London,
United Kingdom
|
-$343K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Legal & General Group
London,
United Kingdom
| $20K | – | – | – |
|
52
UBS Group
Zurich,
Switzerland
| $15K | +$13.9K | +135 | New |
|
|
AIP
53
Ameritas Investment Partners
Lincoln,
Nebraska
| $9K | – | – | – |
|
|
LFG
54
Larson Financial Group
St Louis,
Missouri
| $6K | – | – | – |
|
55
Credit Agricole
Montrouge Cedex,
France
| $4K | +$3.7K | +36 | New |
|
|
BC
56
Bartlett & Co
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
NSIM
57
North Star Investment Management
Chicago,
Illinois
| $3K | – | – | – |
|
|
BCWM
58
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $2.78K | – | – | – |
|
59
Federated Hermes
Pittsburgh,
Pennsylvania
| $2K | +$1.54K | +15 | New |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$29.4K | -286 | -95% |
|
61
Osaic Holdings
Scottsdale,
Arizona
| $1K | – | – | – |
|
|
AIG
62
American International Group
New York
| $59 | -$1.75K | -17 | -3% |
|
|
VCA
63
VIEX Capital Advisors
Sunny Isles Beach,
Florida
| – | -$3.19M | -35,827 | Closed |
|
64
Fidelity Investments
Boston,
Massachusetts
| – | -$178K | -2,000 | Closed |
|
65
Lazard Asset Management
New York
| – | -$6K | -68 | Closed |
|
BH Hedge Fund Activity: Q4 2020 in Review
63 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2020, worth a combined $190M — up 24% from $153M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BH positions and 3 closed out — a net gain of 9 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was Biglari Capital Corp, adding an estimated $8.63M. The largest seller was VIEX Capital Advisors, exiting entirely with an estimated $3.19M sold.
- 63 institutional investors held Biglari Holdings Class B (BH) as of Q4 2020, up from 55 in Q3 2020.
- Funds reported $190M of Biglari Holdings Class B stock for Q4 2020, up 24% quarter-over-quarter.
- 12 funds opened new Biglari Holdings Class B positions in Q4 2020 and 3 closed out, a net change of +9 holders.
- The largest Biglari Holdings Class B buyer in Q4 2020 was Biglari Capital Corp, an estimated $8.63M added.
- The largest Biglari Holdings Class B seller in Q4 2020 was VIEX Capital Advisors, an estimated $3.19M sold.
Based on aggregated 13F filings for Q4 2020.