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Biglari Holdings Class B
BH

123 hedge funds and large institutions have $867M invested in Biglari Holdings Class B in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 31 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

39% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 31

8% more capital invested

Capital invested by funds: $802M → $867M (+$64.9M)

7% more funds holding

Funds holding: 115 → 123 (+8)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.09% less ownership

Funds ownership: 133.87% → 132.78% (-1.1%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
3.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
43
Reduced
31
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$3.79M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.72M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
+$1.57M
4
Morgan Stanley
Morgan Stanley
New York
+$1.56M
5
JP Morgan Chase
JP Morgan Chase
New York
+$949K

Top Sellers

Rank Fund Capital Flow
1
FAM
Fenimore Asset Management
New York
-$7.08M
2
JAM
Jupiter Asset Management
United Kingdom
-$5.29M
3
Invesco
Invesco
Georgia
-$5.08M
4
RRAM
River Road Asset Management
Kentucky
-$1.33M
5
JHIU
Janus Henderson Investors US
Colorado
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
OSAM
101
O'Shaughnessy Asset Management
Connecticut
$20K +$17.3K +57 +950%
KTC
102
Kistler-Tiffany Companies
Pennsylvania
$19K – – –
LTFS
103
Ladenburg Thalmann Financial Services
Florida
$19K +$5.45K +18 +43%
WAM
104
Wealthspire Advisors (Maryland)
Maryland
$18K – – –
AIP
105
Ameritas Investment Partners
Nebraska
$17K – – –
LIA
106
LS Investment Advisors
Michigan
$17K – – –
LWM
107
Lenox Wealth Management
Ohio
$14K +$13K +43 +2,150%
BC
108
Bartlett & Co
Ohio
$12K – – –
FANJ
109
Financial Architects (New Jersey)
New Jersey
$12K – – –
IA
110
IFP Advisors
Florida
$9K – – –
SWA
111
Sutton Wealth Advisors
Florida
$5.21K – – –
MFS
112
MSI Financial Services
Massachusetts
$5K – – –
VCM
113
Versant Capital Management
Arizona
$5K – – –
Creative Planning
114
Creative Planning
Kansas
$5K +$4.54K +15 New
IUHSA
115
Itau Unibanco Holding S.A.
Brazil
$5K +$4.54K +15 New
PCM
116
Prelude Capital Management
New York
$5K +$4.54K +15 New
ACS
117
Archford Capital Strategies
Illinois
$5K +$5.15K +17 New
SPIA
118
Steward Partners Investment Advisory
New York
$5K +$5.15K +17 New
US Bancorp
119
US Bancorp
Minnesota
$4K -$3.33K -11 -48%
MRCM
120
M&R Capital Management
New Jersey
$2K – – –
Royal Bank of Canada
121
Royal Bank of Canada
Ontario, Canada
$1K – – –
JAM
122
Jupiter Asset Management
United Kingdom
– -$5.29M -18,182 Closed
GC
123
Guggenheim Capital
Illinois
– -$1.04M -3,575 Closed
UBS AM
124
UBS AM
Illinois
– -$293K -1,008 Closed
CAM
125
Capstone Asset Management
Texas
– -$285K -981 Closed
2 3 4
5
6

BH Hedge Fund Activity: Q4 2016 in Review

123 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2016, worth a combined $867M — up 8.1% from $802M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BH positions and 8 closed out — a net gain of 9 holders — while 43 added to existing stakes and 31 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $3.79M. The largest seller was Fenimore Asset Management, cutting an estimated $7.08M.

  • 123 institutional investors held Biglari Holdings Class B (BH) as of Q4 2016, up from 115 in Q3 2016.
  • Funds reported $867M of Biglari Holdings Class B stock for Q4 2016, up 8.1% quarter-over-quarter.
  • 17 funds opened new Biglari Holdings Class B positions in Q4 2016 and 8 closed out, a net change of +9 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $3.79M added.
  • The largest Biglari Holdings Class B seller in Q4 2016 was Fenimore Asset Management, an estimated $7.08M sold.

Based on aggregated 13F filings for Q4 2016.