Biglari Holdings Class B
102 hedge funds and large institutions have $676M invested in Biglari Holdings Class B in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 11 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 24
15% more capital invested
Capital invested by funds: $587M → $676M (+$88.6M)
1.72% more ownership
Funds ownership: 130.92% → 132.64% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 104 → 102 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$8.69M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.1M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$867K |
| 4 |
Renaissance Technologies
New York
|
+$789K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$772K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$3.04M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$1.35M |
| 3 |
SGAM
Steinberg Global Asset Management
Boca Raton,
Florida
|
-$539K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$476K |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$452K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
101
Penserra Capital Management
Orinda,
California
| $60 | +$241 | +1 | +0.4% |
|
102
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$281K | -1,292 | Closed |
|
|
PP
103
PDT Partners
New York
| – | -$266K | -1,226 | Closed |
|
|
GH
104
GAM Holding
Zurich,
Switzerland
| – | -$228K | -1,050 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$83K | -383 | Closed |
|
106
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$65K | -300 | Closed |
|
|
RFC
107
Russell Frank Company
Seattle,
Washington
| – | -$58K | -258 | Closed |
|
108
Creative Planning
Overland Park,
Kansas
| – | -$9K | -42 | Closed |
|
|
DSN
109
D. Scott Neal
Lexington,
Kentucky
| – | -$2K | -9 | Closed |
|
110
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1K | -5 | Closed |
|
BH Hedge Fund Activity: Q1 2016 in Review
102 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2016, worth a combined $676M — up 15% from $587M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BH and 10 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 42 added.
The largest buyer was Biglari Capital Corp, adding an estimated $8.69M. The largest seller was Fenimore Asset Management, cutting an estimated $3.04M.
- 102 institutional investors held Biglari Holdings Class B (BH) as of Q1 2016, down from 104 in Q4 2015.
- Funds reported $676M of Biglari Holdings Class B stock for Q1 2016, up 15% quarter-over-quarter.
- 10 funds opened new Biglari Holdings Class B positions in Q1 2016 and 11 closed out, a net change of -1 holder.
- The largest Biglari Holdings Class B buyer in Q1 2016 was Biglari Capital Corp, an estimated $8.69M added.
- The largest Biglari Holdings Class B seller in Q1 2016 was Fenimore Asset Management, an estimated $3.04M sold.
Based on aggregated 13F filings for Q1 2016.