We are live on ! Find out more
BH icon

Biglari Holdings Class B
BH

122 hedge funds and large institutions have $541M invested in Biglari Holdings Class B in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 75 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 31

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

1% more funds holding

Funds holding: 121 → 122 (+1)

7% less capital invested

Capital invested by funds: $580M → $541M (-$39.2M)

13.07% less ownership

Funds ownership: 128.76% → 115.68% (-13%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
122
Holders Change
+1
Holders Change %
+0.83%
% of All Funds
3.54%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
11
Increased
75
Reduced
31
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCC
Biglari Capital Corp
Texas
+$12.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$5.14M
3
RJA
Raymond James & Associates
Florida
+$4.31M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.25M
5
JHIU
Janus Henderson Investors US
Colorado
+$4.23M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$8.4M
2
Norges Bank
Norges Bank
Norway
-$5.59M
3
Invesco
Invesco
Georgia
-$4.21M
4
PPA
Parametric Portfolio Associates
Washington
-$2.14M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
101
Brave Asset Management
New Jersey
$50K +$6.25K +25 +13%
Canada Life
102
Canada Life
Manitoba, Canada
$33K +$3.75K +15 +12%
Envestnet Asset Management
103
Envestnet Asset Management
Illinois
$32K +$2.25K +9 +7%
US Bancorp
104
US Bancorp
Minnesota
$22K -$46.2K -185 -65%
Teacher Retirement System of Texas
105
Teacher Retirement System of Texas
Texas
$20K +$1.75K +7 +9%
BlackRock
106
BlackRock
New York
$17K -$1.5K -6 -8%
KTC
107
Kistler-Tiffany Companies
Pennsylvania
$14K -$1.25K -5 -8%
MA
108
MUFG Americas
New York
$14K +$15K +60 New
BRWM
109
B. Riley Wealth Management
Tennessee
$13K -$1.25K -5 -8%
WRM
110
Westport Resources Management
Connecticut
$10K -$750 -3 -6%
FANJ
111
Financial Architects (New Jersey)
New Jersey
$9K +$750 +3 +8%
BC
112
Bartlett & Co
Ohio
$8K -$500 -2 -5%
Bank of Montreal
113
Bank of Montreal
Ontario, Canada
$7K -$13.2K -53 -65%
FNBT
114
FineMark National Bank & Trust
Florida
$6K -$250 -1 -4%
MFS
115
MSI Financial Services
Massachusetts
$3K -$250 -1 -6%
Northwestern Mutual Wealth Management
116
Northwestern Mutual Wealth Management
Wisconsin
$3K +$3.75K +15 New
FNBSF
117
First National Bank Sioux Falls
South Dakota
$2K – – –
BNP Paribas Financial Markets
118
BNP Paribas Financial Markets
France
$1.02K – – –
LTFS
119
Ladenburg Thalmann Financial Services
Florida
$1K – – –
Manulife (Manufacturers Life Insurance)
120
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$371 +$53K +212 +15%
PPA
121
Parametric Portfolio Associates
Washington
– -$2.14M -8,170 Closed
IFLIT
122
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Germany
– -$1.3M -4,969 Closed
ARC
123
Absolute Return Capital
Massachusetts
– -$541K -2,066 Closed
MAM
124
Martingale Asset Management
Massachusetts
– -$466K -1,777 Closed
Susquehanna International Group
125
Susquehanna International Group
Pennsylvania
– -$423K -1,617 Closed
2 3 4
5
6

BH Hedge Fund Activity: Q3 2014 in Review

122 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2014, worth a combined $541M — down 6.8% from $580M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BH positions and 10 closed out — a net gain of 1 holder — while 75 added to existing stakes and 31 trimmed.

The largest buyer was Biglari Capital Corp, adding an estimated $12.8M. The largest seller was JP Morgan Chase, cutting an estimated $8.4M.

  • 122 institutional investors held Biglari Holdings Class B (BH) as of Q3 2014, up from 121 in Q2 2014.
  • Funds reported $541M of Biglari Holdings Class B stock for Q3 2014, down 6.8% quarter-over-quarter.
  • 11 funds opened new Biglari Holdings Class B positions in Q3 2014 and 10 closed out, a net change of +1 holder.
  • The largest Biglari Holdings Class B buyer in Q3 2014 was Biglari Capital Corp, an estimated $12.8M added.
  • The largest Biglari Holdings Class B seller in Q3 2014 was JP Morgan Chase, an estimated $8.4M sold.

Based on aggregated 13F filings for Q3 2014.