Biglari Holdings Class B
81 hedge funds and large institutions have $336M invested in Biglari Holdings Class B in 2018 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 9 increasing their positions, 55 reducing their positions, and 41 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
23% less funds holding
Funds holding: 105 → 81 (-24)
50.37% less ownership
Funds ownership: 138.88% → 88.52% (-50%)
57% less capital invested
Capital invested by funds: $783M → $336M (-$447M)
59% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 41
84% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
+$5.07M |
| 2 |
Millennium Management
New York
|
+$2.52M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$2.01M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
-$127M |
| 2 |
BlackRock
New York
|
-$30.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$14.4M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$10.8M |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$9.79M |
BH Hedge Fund Activity: Q2 2018 in Review
81 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2018, worth a combined $336M — down 57% from $783M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of BH and 17 opened new positions — a net loss of 24 holders — while 55 trimmed existing stakes and 9 added.
The largest buyer was Fondren Management, opening a new position worth an estimated $5.07M. The largest seller was Biglari Capital Corp, cutting an estimated $127M.
- 81 institutional investors held Biglari Holdings Class B (BH) as of Q2 2018, down from 105 in Q1 2018.
- Funds reported $336M of Biglari Holdings Class B stock for Q2 2018, down 57% quarter-over-quarter.
- 17 funds opened new Biglari Holdings Class B positions in Q2 2018 and 41 closed out, a net change of -24 holders.
- The largest Biglari Holdings Class B buyer in Q2 2018 was Fondren Management, an estimated $5.07M added.
- The largest Biglari Holdings Class B seller in Q2 2018 was Biglari Capital Corp, an estimated $127M sold.
Based on aggregated 13F filings for Q2 2018.