Biglari Holdings Class B
103 hedge funds and large institutions have $659M invested in Biglari Holdings Class B in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 65 reducing their positions, and 25 closing their positions.
7.18% more ownership
Funds ownership: 123.77% → 130.95% (+7.2%)
6% less capital invested
Capital invested by funds: $705M → $659M (-$45.6M)
16% less funds holding
Funds holding: 122 → 103 (-19)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
72% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 65
76% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$249M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$1.4M |
| 3 |
Millennium Management
New York
|
+$696K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$444K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$361K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$51.5M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$21.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$19.8M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
-$19.5M |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$13.2M |
BH Hedge Fund Activity: Q3 2015 in Review
103 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2015, worth a combined $659M — down 6.5% from $705M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of BH and 6 opened new positions — a net loss of 19 holders — while 65 trimmed existing stakes and 18 added.
The largest buyer was Biglari Capital Corp, adding an estimated $249M. The largest seller was Dimensional Fund Advisors, cutting an estimated $51.5M.
- 103 institutional investors held Biglari Holdings Class B (BH) as of Q3 2015, down from 122 in Q2 2015.
- Funds reported $659M of Biglari Holdings Class B stock for Q3 2015, down 6.5% quarter-over-quarter.
- 6 funds opened new Biglari Holdings Class B positions in Q3 2015 and 25 closed out, a net change of -19 holders.
- The largest Biglari Holdings Class B buyer in Q3 2015 was Biglari Capital Corp, an estimated $249M added.
- The largest Biglari Holdings Class B seller in Q3 2015 was Dimensional Fund Advisors, an estimated $51.5M sold.
Based on aggregated 13F filings for Q3 2015.