Biglari Holdings Class B
67 hedge funds and large institutions have $276M invested in Biglari Holdings Class B in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.6% less ownership
Funds ownership: 80.88% → 80.28% (-0.6%)
7% less funds holding
Funds holding: 72 → 67 (-5)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
16% less capital invested
Capital invested by funds: $330M → $276M (-$54.2M)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RG
Rathbones Group
Liverpool,
United Kingdom
|
+$433K |
| 2 |
Los Angeles Capital Management
Los Angeles,
California
|
+$316K |
| 3 |
WG
Winton Group
London,
United Kingdom
|
+$239K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$178K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$355K |
| 2 |
Millennium Management
New York
|
-$289K |
| 3 |
BlackRock
New York
|
-$278K |
| 4 |
LPL Financial
San Diego,
California
|
-$271K |
| 5 |
Goldman Sachs
New York
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2.96K | -15 | Closed |
|
|
CAL
77
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | -$1K | -6 | Closed |
|
BH Hedge Fund Activity: Q3 2023 in Review
67 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2023, worth a combined $276M — down 16% from $330M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BH and 6 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 20 added.
The largest buyer was Rathbones Group, opening a new position worth an estimated $433K. The largest seller was D.E. Shaw & Co, cutting an estimated $355K.
- 67 institutional investors held Biglari Holdings Class B (BH) as of Q3 2023, down from 72 in Q2 2023.
- Funds reported $276M of Biglari Holdings Class B stock for Q3 2023, down 16% quarter-over-quarter.
- 6 funds opened new Biglari Holdings Class B positions in Q3 2023 and 10 closed out, a net change of -4 holders.
- The largest Biglari Holdings Class B buyer in Q3 2023 was Rathbones Group, an estimated $433K added.
- The largest Biglari Holdings Class B seller in Q3 2023 was D.E. Shaw & Co, an estimated $355K sold.
Based on aggregated 13F filings for Q3 2023.