Biglari Holdings Class B
57 hedge funds and large institutions have $88.4M invested in Biglari Holdings Class B in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 15 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.53% less ownership
Funds ownership: 83.62% → 83.09% (-0.53%)
14% less funds holding
Funds holding: 66 → 57 (-9)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
55% less capital invested
Capital invested by funds: $198M → $88.4M (-$110M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$1.75M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$828K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$819K |
| 4 |
DTL
Dynamic Technology Lab
Singapore
|
+$674K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$539K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$2.46M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$796K |
| 3 |
D.E. Shaw & Co
New York
|
-$550K |
| 4 |
Renaissance Technologies
New York
|
-$547K |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$466K |
BH Hedge Fund Activity: Q1 2020 in Review
57 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2020, worth a combined $88.4M — down 55% from $198M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BH and 7 opened new positions — a net loss of 8 holders — while 14 trimmed existing stakes and 23 added.
The largest buyer was Nuveen, adding an estimated $1.75M. The largest seller was River Road Asset Management, exiting entirely with an estimated $2.46M sold.
- 57 institutional investors held Biglari Holdings Class B (BH) as of Q1 2020, down from 66 in Q4 2019.
- Funds reported $88.4M of Biglari Holdings Class B stock for Q1 2020, down 55% quarter-over-quarter.
- 7 funds opened new Biglari Holdings Class B positions in Q1 2020 and 15 closed out, a net change of -8 holders.
- The largest Biglari Holdings Class B buyer in Q1 2020 was Nuveen, an estimated $1.75M added.
- The largest Biglari Holdings Class B seller in Q1 2020 was River Road Asset Management, an estimated $2.46M sold.
Based on aggregated 13F filings for Q1 2020.