Biglari Holdings Class B
76 hedge funds and large institutions have $290M invested in Biglari Holdings Class B in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
8% more capital invested
Capital invested by funds: $268M → $290M (+$21.7M)
6% more funds holding
Funds holding: 72 → 76 (+4)
0.24% more ownership
Funds ownership: 81.24% → 81.48% (+0.24%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$2.18M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.08M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$494K |
| 4 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$402K |
| 5 |
Two Sigma Investments
New York
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$957K |
| 2 |
Charles Schwab
San Francisco,
California
|
-$798K |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$554K |
| 4 |
BlackRock
New York
|
-$544K |
| 5 |
Morgan Stanley
New York
|
-$383K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Marshall Wace
London,
United Kingdom
| – | -$554K | -3,476 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$214K | -1,339 | Closed |
|
78
Lazard Asset Management
New York
| – | -$32K | -205 | Closed |
|
|
HI
79
Harbour Investments
Madison,
Wisconsin
| – | -$12K | -78 | Closed |
|
|
SAM
80
Strategic Asset Management
Rochester,
Minnesota
| – | +$168 | +1 | New |
|
BH Hedge Fund Activity: Q3 2021 in Review
76 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2021, worth a combined $290M — up 8.1% from $268M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BH positions and 6 closed out — a net gain of 4 holders — while 18 added to existing stakes and 27 trimmed.
The largest buyer was Biglari Capital Corp, adding an estimated $2.18M. The largest seller was GAMCO Investors, exiting entirely with an estimated $957K sold.
- 76 institutional investors held Biglari Holdings Class B (BH) as of Q3 2021, up from 72 in Q2 2021.
- Funds reported $290M of Biglari Holdings Class B stock for Q3 2021, up 8.1% quarter-over-quarter.
- 10 funds opened new Biglari Holdings Class B positions in Q3 2021 and 6 closed out, a net change of +4 holders.
- The largest Biglari Holdings Class B buyer in Q3 2021 was Biglari Capital Corp, an estimated $2.18M added.
- The largest Biglari Holdings Class B seller in Q3 2021 was GAMCO Investors, an estimated $957K sold.
Based on aggregated 13F filings for Q3 2021.