Biglari Holdings Class B
120 hedge funds and large institutions have $695M invested in Biglari Holdings Class B in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 40 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
25% more capital invested
Capital invested by funds: $558M → $695M (+$137M)
5% more funds holding
Funds holding: 114 → 120 (+6)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 40
23.63% less ownership
Funds ownership: 152.47% → 128.85% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$13.6M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
+$9.18M |
| 3 |
Comerica Bank
Dallas,
Texas
|
+$2.59M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.36M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$2.92M |
| 2 |
Renaissance Technologies
New York
|
-$2.68M |
| 3 |
Goldman Sachs
New York
|
-$2.24M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.19M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.13M |
BH Hedge Fund Activity: Q4 2013 in Review
120 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2013, worth a combined $695M — up 25% from $558M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BH positions and 7 closed out — a net gain of 8 holders — while 38 added to existing stakes and 40 trimmed.
The largest buyer was Janus Henderson Investors US, adding an estimated $13.6M. The largest seller was Allianz Asset Management, cutting an estimated $2.92M.
- 120 institutional investors held Biglari Holdings Class B (BH) as of Q4 2013, up from 114 in Q3 2013.
- Funds reported $695M of Biglari Holdings Class B stock for Q4 2013, up 25% quarter-over-quarter.
- 15 funds opened new Biglari Holdings Class B positions in Q4 2013 and 7 closed out, a net change of +8 holders.
- The largest Biglari Holdings Class B buyer in Q4 2013 was Janus Henderson Investors US, an estimated $13.6M added.
- The largest Biglari Holdings Class B seller in Q4 2013 was Allianz Asset Management, an estimated $2.92M sold.
Based on aggregated 13F filings for Q4 2013.