Biglari Holdings Class B
113 hedge funds and large institutions have $795M invested in Biglari Holdings Class B in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 48 increasing their positions, 24 reducing their positions, and 18 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 24
4.98% more ownership
Funds ownership: 132.78% → 137.76% (+5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 123 → 113 (-10)
8% less capital invested
Capital invested by funds: $867M → $795M (-$71.6M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$56.6M |
| 2 |
ACS
Archford Capital Strategies
Swansea,
Illinois
|
+$26.8M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$4.09M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.99M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$6.12M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$2.22M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.84M |
| 4 |
JP Morgan Chase
New York
|
-$1.26M |
| 5 |
Morgan Stanley
New York
|
-$972K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Acadian Asset Management
Boston,
Massachusetts
| – | -$23K | -74 | Closed |
|
127
Creative Planning
Overland Park,
Kansas
| – | -$5K | -15 | Closed |
|
|
IUHSA
128
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$5K | -15 | Closed |
|
|
EA
129
Edge Advisors
Atlanta,
Georgia
| – | +$586 | +2 | New |
|
BH Hedge Fund Activity: Q1 2017 in Review
113 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2017, worth a combined $795M — down 8.3% from $867M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BH and 14 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 48 added.
The largest buyer was BlackRock, adding an estimated $56.6M. The largest seller was Fenimore Asset Management, exiting entirely with an estimated $6.12M sold.
- 113 institutional investors held Biglari Holdings Class B (BH) as of Q1 2017, down from 123 in Q4 2016.
- Funds reported $795M of Biglari Holdings Class B stock for Q1 2017, down 8.3% quarter-over-quarter.
- 14 funds opened new Biglari Holdings Class B positions in Q1 2017 and 18 closed out, a net change of -4 holders.
- The largest Biglari Holdings Class B buyer in Q1 2017 was BlackRock, an estimated $56.6M added.
- The largest Biglari Holdings Class B seller in Q1 2017 was Fenimore Asset Management, an estimated $6.12M sold.
Based on aggregated 13F filings for Q1 2017.