Biglari Holdings Class B
103 hedge funds and large institutions have $610M invested in Biglari Holdings Class B in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 11 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.01% less ownership
Funds ownership: 132.62% → 132.61% (-0.01%)
2% less funds holding
Funds holding: 105 → 103 (-2)
17% less capital invested
Capital invested by funds: $732M → $610M (-$122M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.06M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.5M |
| 3 |
BlackRock
New York
|
+$1.36M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.29M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$2.13M |
| 2 |
MCM
Matarin Capital Management
New York
|
-$2.05M |
| 3 |
PSUF
People's United Financial
Bridgeport,
Connecticut
|
-$1.42M |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$1.05M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$683K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCM
101
Versant Capital Management
Phoenix,
Arizona
| $2K | +$1.13K | +5 | +56% |
|
|
MRCM
102
M&R Capital Management
Summit,
New Jersey
| $1K | – | – | – |
|
|
MCM
103
Matarin Capital Management
New York
| – | -$2.05M | -7,674 | Closed |
|
|
PSUF
104
People's United Financial
Bridgeport,
Connecticut
| – | -$1.42M | -5,330 | Closed |
|
|
SO
105
STRS Ohio
Columbus,
Ohio
| – | -$679K | -2,550 | Closed |
|
|
PA
106
Profund Advisors
Bethesda,
Maryland
| – | -$306K | -1,148 | Closed |
|
|
CG
107
Cutler Group
San Francisco,
California
| – | -$268K | -1,007 | Closed |
|
|
GCP
108
GSA Capital Partners
London,
United Kingdom
| – | -$247K | -929 | Closed |
|
109
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$195K | -732 | Closed |
|
|
OSAM
110
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$14K | -53 | Closed |
|
|
SPIA
111
Steward Partners Investment Advisory
New York
| – | -$4K | -17 | Closed |
|
|
QCG
112
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$1.13K | +5 | New |
|
BH Hedge Fund Activity: Q3 2017 in Review
103 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2017, worth a combined $610M — down 17% from $732M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BH and 9 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 40 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $2.06M. The largest seller was River Road Asset Management, cutting an estimated $2.13M.
- 103 institutional investors held Biglari Holdings Class B (BH) as of Q3 2017, down from 105 in Q2 2017.
- Funds reported $610M of Biglari Holdings Class B stock for Q3 2017, down 17% quarter-over-quarter.
- 9 funds opened new Biglari Holdings Class B positions in Q3 2017 and 11 closed out, a net change of -2 holders.
- The largest Biglari Holdings Class B buyer in Q3 2017 was Janney Montgomery Scott, an estimated $2.06M added.
- The largest Biglari Holdings Class B seller in Q3 2017 was River Road Asset Management, an estimated $2.13M sold.
Based on aggregated 13F filings for Q3 2017.