Biglari Holdings Class B
72 hedge funds and large institutions have $268M invested in Biglari Holdings Class B in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 28 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
19% more capital invested
Capital invested by funds: $226M → $268M (+$42.1M)
3% more funds holding
Funds holding: 70 → 72 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.02% less ownership
Funds ownership: 82.26% → 81.24% (-1%)
39% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$2.97M |
| 2 |
Two Sigma Advisers
New York
|
+$1.21M |
| 3 |
Two Sigma Investments
New York
|
+$487K |
| 4 |
Los Angeles Capital Management
Los Angeles,
California
|
+$403K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.45M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$876K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$738K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$653K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -20 | Closed |
|
77
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$2K | -12 | Closed |
|
|
EI
78
Ellevest Inc
New York
| – | +$154 | +1 | New |
|
BH Hedge Fund Activity: Q2 2021 in Review
72 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2021, worth a combined $268M — up 19% from $226M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BH positions and 7 closed out — a net gain of 2 holders — while 17 added to existing stakes and 28 trimmed.
The largest buyer was Biglari Capital Corp, adding an estimated $2.97M. The largest seller was BlackRock, cutting an estimated $2.8M.
- 72 institutional investors held Biglari Holdings Class B (BH) as of Q2 2021, up from 70 in Q1 2021.
- Funds reported $268M of Biglari Holdings Class B stock for Q2 2021, up 19% quarter-over-quarter.
- 9 funds opened new Biglari Holdings Class B positions in Q2 2021 and 7 closed out, a net change of +2 holders.
- The largest Biglari Holdings Class B buyer in Q2 2021 was Biglari Capital Corp, an estimated $2.97M added.
- The largest Biglari Holdings Class B seller in Q2 2021 was BlackRock, an estimated $2.8M sold.
Based on aggregated 13F filings for Q2 2021.