Biglari Holdings Class B
73 hedge funds and large institutions have $247M invested in Biglari Holdings Class B in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 27 reducing their positions, and 13 closing their positions.
23% more capital invested
Capital invested by funds: $201M → $247M (+$45.7M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
1.19% less ownership
Funds ownership: 85.57% → 84.38% (-1.2%)
1% less funds holding
Funds holding: 74 → 73 (-1)
37% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
+$2.47M |
| 2 |
Renaissance Technologies
New York
|
+$1.02M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$734K |
| 4 |
TA
Teachers Advisors
New York
|
+$561K |
| 5 |
PSUF
People's United Financial
Bridgeport,
Connecticut
|
+$395K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$2.95M |
| 2 |
TA
Teton Advisors
Rye,
New York
|
-$1.5M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.33M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$677K |
| 5 |
Goldman Sachs
New York
|
-$624K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWNA
76
Marshall Wace North America
New York
| – | -$31K | -271 | Closed |
|
77
Acadian Asset Management
Boston,
Massachusetts
| – | -$9K | -77 | Closed |
|
|
CI
78
CAZ Investments
Houston,
Texas
| – | -$7K | -60 | Closed |
|
79
Twin Tree Management
Dallas,
Texas
| – | -$3K | -30 | Closed |
|
|
CIM
80
Contravisory Investment Management
Norwell,
Massachusetts
| – | -$3K | -25 | Closed |
|
81
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$2K | -20 | Closed |
|
82
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1.97K | -15 | -94% |
|
|
SWM
83
SeaCrest Wealth Management
Purchase,
New York
| – | -$1K | -5 | Closed |
|
BH Hedge Fund Activity: Q1 2019 in Review
73 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2019, worth a combined $247M — up 23% from $201M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BH and 12 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 17 added.
The largest buyer was Fondren Management, adding an estimated $2.47M. The largest seller was Intrepid Capital Management, exiting entirely with an estimated $2.95M sold.
- 73 institutional investors held Biglari Holdings Class B (BH) as of Q1 2019, down from 74 in Q4 2018.
- Funds reported $247M of Biglari Holdings Class B stock for Q1 2019, up 23% quarter-over-quarter.
- 12 funds opened new Biglari Holdings Class B positions in Q1 2019 and 13 closed out, a net change of -1 holder.
- The largest Biglari Holdings Class B buyer in Q1 2019 was Fondren Management, an estimated $2.47M added.
- The largest Biglari Holdings Class B seller in Q1 2019 was Intrepid Capital Management, an estimated $2.95M sold.
Based on aggregated 13F filings for Q1 2019.