Biglari Holdings Class B
118 hedge funds and large institutions have $690M invested in Biglari Holdings Class B in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 10 closing their positions.
5.4% more ownership
Funds ownership: 128.85% → 134.25% (+5.4%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $695M → $690M (-$5.01M)
2% less funds holding
Funds holding: 120 → 118 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
18% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIG
Kovitz Investment Group
Chicago,
Illinois
|
+$26.7M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$8.25M |
| 3 |
BS
Biglari Sardar
|
+$2.83M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.29M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$7.23M |
| 2 |
JP Morgan Chase
New York
|
-$2.89M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.91M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.28M |
| 5 |
Goldman Sachs
New York
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HFS
126
HL Financial Services
Louisville,
Kentucky
| – | -$215K | -687 | Closed |
|
127
UBS AM
Chicago,
Illinois
| – | -$201K | -640 | Closed |
|
|
HNB
128
Huntington National Bank
Columbus,
Ohio
| – | -$25K | -81 | Closed |
|
BH Hedge Fund Activity: Q1 2014 in Review
118 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2014, worth a combined $690M — down 0.72% from $695M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BH and 9 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 31 added.
The largest buyer was Kovitz Investment Group, opening a new position worth an estimated $26.7M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $7.23M sold.
- 118 institutional investors held Biglari Holdings Class B (BH) as of Q1 2014, down from 120 in Q4 2013.
- Funds reported $690M of Biglari Holdings Class B stock for Q1 2014, down 0.72% quarter-over-quarter.
- 9 funds opened new Biglari Holdings Class B positions in Q1 2014 and 10 closed out, a net change of -1 holder.
- The largest Biglari Holdings Class B buyer in Q1 2014 was Kovitz Investment Group, an estimated $26.7M added.
- The largest Biglari Holdings Class B seller in Q1 2014 was Allianz Asset Management, an estimated $7.23M sold.
Based on aggregated 13F filings for Q1 2014.