Biglari Holdings Class B
74 hedge funds and large institutions have $201M invested in Biglari Holdings Class B in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 21
3% less funds holding
Funds holding: 76 → 74 (-2)
3.18% less ownership
Funds ownership: 88.75% → 85.57% (-3.2%)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
40% less capital invested
Capital invested by funds: $333M → $201M (-$132M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
+$4.04M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.18M |
| 3 |
Renaissance Technologies
New York
|
+$1.02M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$961K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$933K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$13.7M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.88M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.5M |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$993K |
| 5 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$957K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSUF
76
People's United Financial
Bridgeport,
Connecticut
| – | -$273K | -1,504 | Closed |
|
77
AllianceBernstein
Nashville,
Tennessee
| – | -$229K | -1,261 | Closed |
|
|
CS
78
Credit Suisse
Zurich,
Switzerland
| – | -$214K | -1,181 | Closed |
|
|
FHA
79
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$44.3K | -300 | Closed |
|
|
LTFS
80
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$3.69K | -25 | -89% |
|
81
Fidelity Investments
Boston,
Massachusetts
| – | -$2K | -10 | Closed |
|
|
AG
82
Advisor Group
Phoenix,
Arizona
| – | -$1K | -5 | Closed |
|
83
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -5 | Closed |
|
BH Hedge Fund Activity: Q4 2018 in Review
74 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2018, worth a combined $201M — down 40% from $333M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BH and 10 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 21 added.
The largest buyer was Fondren Management, adding an estimated $4.04M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $13.7M sold.
- 74 institutional investors held Biglari Holdings Class B (BH) as of Q4 2018, down from 76 in Q3 2018.
- Funds reported $201M of Biglari Holdings Class B stock for Q4 2018, down 40% quarter-over-quarter.
- 10 funds opened new Biglari Holdings Class B positions in Q4 2018 and 12 closed out, a net change of -2 holders.
- The largest Biglari Holdings Class B buyer in Q4 2018 was Fondren Management, an estimated $4.04M added.
- The largest Biglari Holdings Class B seller in Q4 2018 was Janus Henderson Group, an estimated $13.7M sold.
Based on aggregated 13F filings for Q4 2018.