Biglari Holdings Class B
72 hedge funds and large institutions have $330M invested in Biglari Holdings Class B in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 8 closing their positions.
18% more capital invested
Capital invested by funds: $279M → $330M (+$50.8M)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
1% more funds holding
Funds holding: 71 → 72 (+1)
1.22% more ownership
Funds ownership: 79.66% → 80.88% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Acuitas Investments
Seattle,
Washington
|
+$2.68M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.24M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$378K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$251K |
| 5 |
Squarepoint
New York
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$437K |
| 2 |
D.E. Shaw & Co
New York
|
-$303K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$211K |
| 4 |
Millennium Management
New York
|
-$197K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$193K |
BH Hedge Fund Activity: Q2 2023 in Review
72 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2023, worth a combined $330M — up 18% from $279M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BH positions and 8 closed out — a net gain of 1 holder — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Acuitas Investments, opening a new position worth an estimated $2.68M. The largest seller was BlackRock, cutting an estimated $437K.
- 72 institutional investors held Biglari Holdings Class B (BH) as of Q2 2023, up from 71 in Q1 2023.
- Funds reported $330M of Biglari Holdings Class B stock for Q2 2023, up 18% quarter-over-quarter.
- 9 funds opened new Biglari Holdings Class B positions in Q2 2023 and 8 closed out, a net change of +1 holder.
- The largest Biglari Holdings Class B buyer in Q2 2023 was Acuitas Investments, an estimated $2.68M added.
- The largest Biglari Holdings Class B seller in Q2 2023 was BlackRock, an estimated $437K sold.
Based on aggregated 13F filings for Q2 2023.