Biglari Holdings Class B
125 hedge funds and large institutions have $708M invested in Biglari Holdings Class B in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 31 reducing their positions, and 11 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 31
7% more capital invested
Capital invested by funds: $659M → $708M (+$49.2M)
4.43% more ownership
Funds ownership: 119.84% → 124.27% (+4.4%)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
1% less funds holding
Funds holding: 126 → 125 (-1)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$44M |
| 2 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$14M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.59M |
| 4 |
DSC
Donald Smith & Co
New York
|
+$6.09M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$23.8M |
| 2 |
Comerica Bank
Dallas,
Texas
|
-$8.86M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$3.81M |
| 4 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$3.03M |
| 5 |
FCM
Force Capital Management
New York
|
-$2.73M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BMCMI
126
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
| – | -$348K | -1,308 | Closed |
|
|
PP
127
PDT Partners
New York
| – | -$340K | -1,275 | Closed |
|
|
BCM
128
Boyle Capital Management
West Des Moines,
Iowa
| – | -$304K | -1,143 | Closed |
|
|
WF
129
WealthTrust Fairport
Cleveland,
Ohio
| – | -$134K | -504 | Closed |
|
130
SG Americas Securities
New York
| – | -$128K | -482 | Closed |
|
131
Envestnet Asset Management
Chicago,
Illinois
| – | -$42K | -156 | Closed |
|
|
NPC
132
National Planning Corporation
El Segundo,
California
| – | -$42.1K | -155 | Closed |
|
|
BRWM
133
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$15K | -60 | Closed |
|
|
GT
134
Glenmede Trust
Philadelphia,
Pennsylvania
| – | +$562 | +2 | New |
|
BH Hedge Fund Activity: Q1 2015 in Review
125 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2015, worth a combined $708M — up 7.5% from $659M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BH positions and 11 closed out — a net gain of 1 holder — while 46 added to existing stakes and 31 trimmed.
The largest buyer was River Road Asset Management, adding an estimated $44M. The largest seller was Advisory Research, cutting an estimated $23.8M.
- 125 institutional investors held Biglari Holdings Class B (BH) as of Q1 2015, down from 126 in Q4 2014.
- Funds reported $708M of Biglari Holdings Class B stock for Q1 2015, up 7.5% quarter-over-quarter.
- 12 funds opened new Biglari Holdings Class B positions in Q1 2015 and 11 closed out, a net change of +1 holder.
- The largest Biglari Holdings Class B buyer in Q1 2015 was River Road Asset Management, an estimated $44M added.
- The largest Biglari Holdings Class B seller in Q1 2015 was Advisory Research, an estimated $23.8M sold.
Based on aggregated 13F filings for Q1 2015.