Biglari Holdings Class B
65 hedge funds and large institutions have $245M invested in Biglari Holdings Class B in 2021 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 12 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
1.4% more ownership
Funds ownership: 81.48% → 82.89% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less funds holding
Funds holding: 76 → 65 (-11)
16% less capital invested
Capital invested by funds: $290M → $245M (-$45.1M)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Biglari Capital Corp
San Antonio,
Texas
|
+$6.17M |
| 2 |
Bank of New York Mellon
New York
|
+$763K |
| 3 |
Two Sigma Investments
New York
|
+$254K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$194K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WG
Winton Group
London,
United Kingdom
|
-$588K |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$496K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$400K |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$355K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$319K |
BH Hedge Fund Activity: Q4 2021 in Review
65 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2021, worth a combined $245M — down 16% from $290M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BH and 2 opened new positions — a net loss of 10 holders — while 20 trimmed existing stakes and 23 added.
The largest buyer was Biglari Capital Corp, adding an estimated $6.17M. The largest seller was Winton Group, exiting entirely with an estimated $588K sold.
- 65 institutional investors held Biglari Holdings Class B (BH) as of Q4 2021, down from 76 in Q3 2021.
- Funds reported $245M of Biglari Holdings Class B stock for Q4 2021, down 16% quarter-over-quarter.
- 2 funds opened new Biglari Holdings Class B positions in Q4 2021 and 12 closed out, a net change of -10 holders.
- The largest Biglari Holdings Class B buyer in Q4 2021 was Biglari Capital Corp, an estimated $6.17M added.
- The largest Biglari Holdings Class B seller in Q4 2021 was Winton Group, an estimated $588K sold.
Based on aggregated 13F filings for Q4 2021.