Biglari Holdings Class B
109 hedge funds and large institutions have $782M invested in Biglari Holdings Class B in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
28% more capital invested
Capital invested by funds: $610M → $782M (+$172M)
6% more funds holding
Funds holding: 103 → 109 (+6)
4.13% more ownership
Funds ownership: 132.61% → 136.74% (+4.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
+$10.2M |
| 2 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$9.63M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.17M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.99M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
-$2.57M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$2.1M |
| 3 |
Renaissance Technologies
New York
|
-$1.35M |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.3M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$931K |
BH Hedge Fund Activity: Q4 2017 in Review
109 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2017, worth a combined $782M — up 28% from $610M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BH positions and 10 closed out — a net gain of 6 holders — while 30 added to existing stakes and 32 trimmed.
The largest buyer was Intrepid Capital Management, opening a new position worth an estimated $10.2M. The largest seller was Dalton, Greiner, Hartman, Maher & Co, exiting entirely with an estimated $2.57M sold.
- 109 institutional investors held Biglari Holdings Class B (BH) as of Q4 2017, up from 103 in Q3 2017.
- Funds reported $782M of Biglari Holdings Class B stock for Q4 2017, up 28% quarter-over-quarter.
- 16 funds opened new Biglari Holdings Class B positions in Q4 2017 and 10 closed out, a net change of +6 holders.
- The largest Biglari Holdings Class B buyer in Q4 2017 was Intrepid Capital Management, an estimated $10.2M added.
- The largest Biglari Holdings Class B seller in Q4 2017 was Dalton, Greiner, Hartman, Maher & Co, an estimated $2.57M sold.
Based on aggregated 13F filings for Q4 2017.