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Biglari Holdings Class B

120 hedge funds and large institutions have $695M invested in Biglari Holdings Class B in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 40 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

25% more capital invested

Capital invested by funds: $558M → $695M (+$137M)

5% more funds holding

Funds holding: 114120 (+6)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

5% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 40

23.63% less ownership

Funds ownership: 152.47%128.85% (-24%)

Holders
120
Holders Change
+6
Holders Change %
+5.26%
% of All Funds
3.48%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.09%
New
15
Increased
38
Reduced
40
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BA
76
BlackRock Advisors
Delaware
$482K +$26.3K +93 +6%
PA
77
Profund Advisors
Maryland
$406K -$46.9K -166 -11%
T. Rowe Price Associates
78
T. Rowe Price Associates
Maryland
$390K +$50K +177 +17%
CAM
79
Capstone Asset Management
Texas
$379K +$4.52K +16 +1%
OA
80
OFI Advisors
Pennsylvania
$367K +$64.9K +230 +24%
Royal Bank of Canada
81
Royal Bank of Canada
Ontario, Canada
$355K -$646K -2,287 -67%
LSERS
82
Louisiana State Employees Retirement System
Louisiana
$334K +$301K +1,066 New
State Board of Administration of Florida Retirement System
83
State Board of Administration of Florida Retirement System
Florida
$287K +$259K +916 New
Bank of Montreal
84
Bank of Montreal
Ontario, Canada
$278K
Thrivent Financial for Lutherans
85
Thrivent Financial for Lutherans
Minnesota
$261K
BMCMI
86
Bryn Mawr Capital Management Inc
Pennsylvania
$253K -$230K -813 -50%
GH
87
GAM Holding
Switzerland
$253K
Barclays
88
Barclays
United Kingdom
$247K -$433K -1,533 -66%
YMRC
89
Yorktown Management & Research Company
Virginia
$243K +$219K +775 New
MWAC
90
Mariner Wealth Advisors (Cincinnati)
Ohio
$237K +$213K +756 New
GMIM
91
General Motors Investment Management
New York
$225K +$203K +719 New
BGIM
92
Brandywine Global Investment Management
Pennsylvania
$220K
VKH
93
Virtu KCG Holdings
New York
$216K -$640K -2,268 -77%
HFS
94
HL Financial Services
Kentucky
$215K +$194K +687 New
PI
95
PineBridge Investments
New York
$202K +$109K +386 +148%
UBS AM
96
UBS AM
Illinois
$201K +$181K +640 New
Wells Fargo
97
Wells Fargo
California
$199K +$151K +533 +533%
US Bancorp
98
US Bancorp
Minnesota
$134K +$40.1K +142 +50%
CTC
99
Central Trust Company
Missouri
$132K -$18.4K -65 -13%
MSA
100
Mason Street Advisors
Wisconsin
$118K -$7.91K -28 -7%

BH Hedge Fund Activity: Q4 2013 in Review

120 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2013, worth a combined $695M — up 25% from $558M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BH positions and 7 closed out — a net gain of 8 holders — while 38 added to existing stakes and 40 trimmed.

The largest buyer was Janus Henderson Investors US, adding an estimated $13.6M. The largest seller was Allianz Asset Management, cutting an estimated $2.92M.

  • 120 institutional investors held Biglari Holdings Class B (BH) as of Q4 2013, up from 114 in Q3 2013.
  • Funds reported $695M of Biglari Holdings Class B stock for Q4 2013, up 25% quarter-over-quarter.
  • 15 funds opened new Biglari Holdings Class B positions in Q4 2013 and 7 closed out, a net change of +8 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2013 was Janus Henderson Investors US, an estimated $13.6M added.
  • The largest Biglari Holdings Class B seller in Q4 2013 was Allianz Asset Management, an estimated $2.92M sold.

Based on aggregated 13F filings for Q4 2013.