Biglari Holdings Class B
115 hedge funds and large institutions have $802M invested in Biglari Holdings Class B in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 39 reducing their positions, and 13 closing their positions.
9% more capital invested
Capital invested by funds: $734M → $802M (+$67.7M)
1.72% more ownership
Funds ownership: 132.15% → 133.87% (+1.7%)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
1% more funds holding
Funds holding: 114 → 115 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
26% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$4.89M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.28M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$2.1M |
| 4 |
Goldman Sachs
New York
|
+$1.75M |
| 5 |
MCM
Matarin Capital Management
New York
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.91M |
| 2 |
Millennium Management
New York
|
-$1.39M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$972K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$950K |
| 5 |
Two Sigma Investments
New York
|
-$799K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
126
Advisors Preferred
Rockville,
Maryland
| – | -$42K | -158 | Closed |
|
127
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$3K | -12 | Closed |
|
BH Hedge Fund Activity: Q3 2016 in Review
115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2016, worth a combined $802M — up 9.2% from $734M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BH positions and 13 closed out — a net gain of 1 holder — while 29 added to existing stakes and 39 trimmed.
The largest buyer was Invesco, adding an estimated $4.89M. The largest seller was River Road Asset Management, cutting an estimated $1.91M.
- 115 institutional investors held Biglari Holdings Class B (BH) as of Q3 2016, up from 114 in Q2 2016.
- Funds reported $802M of Biglari Holdings Class B stock for Q3 2016, up 9.2% quarter-over-quarter.
- 14 funds opened new Biglari Holdings Class B positions in Q3 2016 and 13 closed out, a net change of +1 holder.
- The largest Biglari Holdings Class B buyer in Q3 2016 was Invesco, an estimated $4.89M added.
- The largest Biglari Holdings Class B seller in Q3 2016 was River Road Asset Management, an estimated $1.91M sold.
Based on aggregated 13F filings for Q3 2016.