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Biglari Holdings Class B

126 hedge funds and large institutions have $659M invested in Biglari Holdings Class B in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 44 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

22% more capital invested

Capital invested by funds: $541M → $659M (+$118M)

4.16% more ownership

Funds ownership: 115.68%119.84% (+4.2%)

3% more funds holding

Funds holding: 122126 (+4)

30% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 44

Holders
126
Holders Change
+4
Holders Change %
+3.28%
% of All Funds
3.36%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.11%
New
15
Increased
31
Reduced
44
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$128M +$5.9M +25,043 +5%
GI
2
GAMCO Investors
Connecticut
$54.5M +$6.53M +27,687 +16%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$51.9M -$555K -2,357 -1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$48.3M +$716K +3,040 +2%
JHIU
5
Janus Henderson Investors US
Colorado
$45.1M -$255K -1,083 -0.6%
BFA
6
BlackRock Fund Advisors
California
$40M +$3.82M +16,200 +12%
AR
7
Advisory Research
Illinois
$39.9M -$3.79M -16,089 -10%
BIT
8
BlackRock Institutional Trust
California
$19.4M -$221K -938 -1%
FAM
9
Fenimore Asset Management
New York
$18.1M +$725K +3,078 +5%
Comerica Bank
10
Comerica Bank
Texas
$15.1M +$6.67M +28,300 +100%
GF
11
Gabelli Funds
New York
$14.8M +$919K +3,900 +8%
State Street
12
State Street
Massachusetts
$13.2M -$390K -1,656 -3%
BS
13
Biglari Sardar
$12.4M
TA
14
Teton Advisors
New York
$10.1M +$389K +1,650 +5%
M2MC
15
Matthew 25 Management Corp
Pennsylvania
$9.34M
Northern Trust
16
Northern Trust
Illinois
$8.9M -$486K -2,063 -6%
SCP
17
Seizert Capital Partners
Michigan
$7.81M -$221K -939 -3%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$6.17M -$338K -1,434 -6%
Norges Bank
19
Norges Bank
Norway
$5.91M -$1.14M -4,836 -18%
CL
20
CSS LLC
Illinois
$4.93M +$302K +1,280 +7%
JAM
21
Jupiter Asset Management
United Kingdom
$4.92M +$4.36M +18,480 New
RJA
22
Raymond James & Associates
Florida
$4.89M +$268K +1,136 +7%
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$4.71M +$12.5K +53 +0.3%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$4.26M
Principal Financial Group
25
Principal Financial Group
Iowa
$4.15M +$26.4K +112 +0.7%

BH Hedge Fund Activity: Q4 2014 in Review

126 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2014, worth a combined $659M — up 22% from $541M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BH positions and 8 closed out — a net gain of 7 holders — while 31 added to existing stakes and 44 trimmed.

The largest buyer was Comerica Bank, adding an estimated $6.67M. The largest seller was Advisory Research, cutting an estimated $3.79M.

  • 126 institutional investors held Biglari Holdings Class B (BH) as of Q4 2014, up from 122 in Q3 2014.
  • Funds reported $659M of Biglari Holdings Class B stock for Q4 2014, up 22% quarter-over-quarter.
  • 15 funds opened new Biglari Holdings Class B positions in Q4 2014 and 8 closed out, a net change of +7 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2014 was Comerica Bank, an estimated $6.67M added.
  • The largest Biglari Holdings Class B seller in Q4 2014 was Advisory Research, an estimated $3.79M sold.

Based on aggregated 13F filings for Q4 2014.