Biglari Holdings Class B
123 hedge funds and large institutions have $867M invested in Biglari Holdings Class B in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 31 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
39% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 31
8% more capital invested
Capital invested by funds: $802M → $867M (+$64.9M)
7% more funds holding
Funds holding: 115 → 123 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.09% less ownership
Funds ownership: 133.87% → 132.78% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.79M |
| 2 |
Renaissance Technologies
New York
|
+$1.72M |
| 3 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
+$1.57M |
| 4 |
Morgan Stanley
New York
|
+$1.56M |
| 5 |
JP Morgan Chase
New York
|
+$949K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$7.08M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$5.29M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$5.08M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.33M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$1.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Two Sigma Advisers
New York
| – | -$218K | -750 | Closed |
|
|
LSERS
127
Louisiana State Employees Retirement System
Baton Rouge,
Louisiana
| – | -$201K | -690 | Closed |
|
|
SO
128
STRS Ohio
Columbus,
Ohio
| – | -$130K | -450 | Closed |
|
|
PCM
129
Penserra Capital Management
Orinda,
California
| – | -$33K | -116 | Closed |
|
|
AG
130
Advisor Group
Phoenix,
Arizona
| – | +$606 | +2 | New |
|
BH Hedge Fund Activity: Q4 2016 in Review
123 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2016, worth a combined $867M — up 8.1% from $802M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BH positions and 8 closed out — a net gain of 9 holders — while 43 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $3.79M. The largest seller was Fenimore Asset Management, cutting an estimated $7.08M.
- 123 institutional investors held Biglari Holdings Class B (BH) as of Q4 2016, up from 115 in Q3 2016.
- Funds reported $867M of Biglari Holdings Class B stock for Q4 2016, up 8.1% quarter-over-quarter.
- 17 funds opened new Biglari Holdings Class B positions in Q4 2016 and 8 closed out, a net change of +9 holders.
- The largest Biglari Holdings Class B buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $3.79M added.
- The largest Biglari Holdings Class B seller in Q4 2016 was Fenimore Asset Management, an estimated $7.08M sold.
Based on aggregated 13F filings for Q4 2016.