Biglari Holdings Class B
104 hedge funds and large institutions have $587M invested in Biglari Holdings Class B in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
16% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 31
1% more funds holding
Funds holding: 103 → 104 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.04% less ownership
Funds ownership: 130.95% → 130.92% (-0.04%)
11% less capital invested
Capital invested by funds: $659M → $587M (-$71.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.64M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$846K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$786K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$472K |
| 5 |
O
OppenheimerFunds
New York
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.18M |
| 2 |
Millennium Management
New York
|
-$958K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$620K |
| 4 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$535K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$327K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $355 | +$4.35K | +18 | +1% |
|
|
102
Millennium Management
New York
| – | -$958K | -3,929 | Closed |
|
|
103
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$620K | -2,544 | Closed |
|
|
PP
104
Paloma Partners
Greenwich,
Connecticut
| – | -$327K | -1,343 | Closed |
|
|
BCM
105
BlueCrest Capital Management
St Helier,
Jersey
| – | -$306K | -1,256 | Closed |
|
106
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$281K | -1,154 | Closed |
|
|
LCM
107
Landscape Capital Management
Englewood,
New Jersey
| – | -$279K | -1,143 | Closed |
|
|
QT
108
Quantbot Technologies
New York
| – | -$38K | -158 | Closed |
|
|
HNB
109
Huntington National Bank
Columbus,
Ohio
| – | -$9K | -38 | Closed |
|
110
Barclays
London,
United Kingdom
| – | -$3K | -14 | Closed |
|
BH Hedge Fund Activity: Q4 2015 in Review
104 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2015, worth a combined $587M — down 11% from $659M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BH positions and 9 closed out — a net gain of 2 holders — while 36 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $1.64M. The largest seller was River Road Asset Management, cutting an estimated $1.18M.
- 104 institutional investors held Biglari Holdings Class B (BH) as of Q4 2015, up from 103 in Q3 2015.
- Funds reported $587M of Biglari Holdings Class B stock for Q4 2015, down 11% quarter-over-quarter.
- 11 funds opened new Biglari Holdings Class B positions in Q4 2015 and 9 closed out, a net change of +2 holders.
- The largest Biglari Holdings Class B buyer in Q4 2015 was BlackRock Fund Advisors, an estimated $1.64M added.
- The largest Biglari Holdings Class B seller in Q4 2015 was River Road Asset Management, an estimated $1.18M sold.
Based on aggregated 13F filings for Q4 2015.