Biglari Holdings Class B
121 hedge funds and large institutions have $580M invested in Biglari Holdings Class B in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 47 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 118 → 121 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3.4% less ownership
Funds ownership: 83.1% → 79.7% (-3.4%)
38% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 47
55% less capital inflows, than outflows
Capital inflows: $18.1M | Capital outflows: $40.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$6.64M |
| 2 |
Seizert Capital Partners
Birmingham,
Michigan
|
+$4.83M |
| 3 |
E.S. Barr & Co
Lexington,
Kentucky
|
+$1.08M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$745K |
| 5 |
Absolute Return Capital
Boston,
Massachusetts
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group
Chicago,
Illinois
|
-$21.4M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.52M |
| 3 |
BlackRock Fund Advisors
San Francisco,
California
|
-$2.48M |
| 4 |
JP Morgan Chase
New York
|
-$2.26M |
| 5 |
Advisory Research
Chicago,
Illinois
|
-$1.11M |
BH Hedge Fund Activity: Q2 2014 in Review
121 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2014, worth a combined $580M — down 16% from $690M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BH positions and 7 closed out — a net gain of 3 holders — while 29 added to existing stakes and 47 trimmed.
The largest buyer was Norges Bank, adding an estimated $6.64M. The largest seller was Kovitz Investment Group, exiting entirely with an estimated $21.4M sold.
- 121 institutional investors held Biglari Holdings Class B (BH) as of Q2 2014, up from 118 in Q1 2014.
- Funds reported $580M of Biglari Holdings Class B stock for Q2 2014, down 16% quarter-over-quarter.
- 10 funds opened new Biglari Holdings Class B positions in Q2 2014 and 7 closed out, a net change of +3 holders.
- The largest Biglari Holdings Class B buyer in Q2 2014 was Norges Bank, an estimated $6.64M added.
- The largest Biglari Holdings Class B seller in Q2 2014 was Kovitz Investment Group, an estimated $21.4M sold.
Based on aggregated 13F filings for Q2 2014.