Biglari Holdings Class B
61 hedge funds and large institutions have $182M invested in Biglari Holdings Class B in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 13 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
0.26% more ownership
Funds ownership: 84.38% → 84.65% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less funds holding
Funds holding: 73 → 61 (-12)
26% less capital invested
Capital invested by funds: $247M → $182M (-$64.9M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Fondren Management
Houston,
Texas
|
+$2.55M |
| 2 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$2.28M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$1.91M |
| 4 |
CCM
Corsair Capital Management
New York
|
+$1.4M |
| 5 |
Renaissance Technologies
New York
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.3M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.12M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$539K |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
-$526K |
| 5 |
JP Morgan Chase
New York
|
-$473K |
BH Hedge Fund Activity: Q2 2019 in Review
61 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2019, worth a combined $182M — down 26% from $247M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BH and 5 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 23 added.
The largest buyer was Fondren Management, adding an estimated $2.55M. The largest seller was Vanguard Group, cutting an estimated $3.3M.
- 61 institutional investors held Biglari Holdings Class B (BH) as of Q2 2019, down from 73 in Q1 2019.
- Funds reported $182M of Biglari Holdings Class B stock for Q2 2019, down 26% quarter-over-quarter.
- 5 funds opened new Biglari Holdings Class B positions in Q2 2019 and 13 closed out, a net change of -8 holders.
- The largest Biglari Holdings Class B buyer in Q2 2019 was Fondren Management, an estimated $2.55M added.
- The largest Biglari Holdings Class B seller in Q2 2019 was Vanguard Group, an estimated $3.3M sold.
Based on aggregated 13F filings for Q2 2019.