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Biglari Holdings Class B

67 hedge funds and large institutions have $243M invested in Biglari Holdings Class B in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 32 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

3% more funds holding

Funds holding: 6567 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1% less capital invested

Capital invested by funds: $245M → $243M (-$1.53M)

1.71% less ownership

Funds ownership: 82.89%81.18% (-1.7%)

72% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 32

Holders
67
Holders Change
+2
Holders Change %
+3.08%
% of All Funds
1.06%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
10
Increased
9
Reduced
32
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$192M
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$11.2M +$28.2K +210 +0.3%
BlackRock
3
BlackRock
New York
$8.38M -$242K -1,805 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$4.25M -$537 -4 -0%
N
5
Nuveen
North Carolina
$2.35M +$1.07K +8 +0.1%
State Street
6
State Street
Massachusetts
$2.05M -$64.7K -482 -3%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.02M +$84K +626 +5%
Prudential Financial
8
Prudential Financial
New Jersey
$1.98M -$4.43K -33 -0.2%
BCM
9
Bridgeway Capital Management
Texas
$1.86M
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.84M -$2.68K -20 -0.2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$1.34M +$60.9K +454 +5%
Northern Trust
12
Northern Trust
Illinois
$1.28M -$59.3K -442 -5%
D.E. Shaw & Co
13
D.E. Shaw & Co
New York
$1.08M +$1.88K +14 +0.2%
Two Sigma Advisers
14
Two Sigma Advisers
New York
$918K -$310K -2,310 -27%
LSV Asset Management
15
LSV Asset Management
Illinois
$824K -$95.2K -710 -11%
Goldman Sachs
16
Goldman Sachs
New York
$733K +$680K +5,069 New
Los Angeles Capital Management
17
Los Angeles Capital Management
California
$731K
MAM
18
Martingale Asset Management
Massachusetts
$617K -$13.4K -100 -2%
SO
19
STRS Ohio
Ohio
$607K -$80.5K -600 -13%
OSAM
20
O'Shaughnessy Asset Management
Connecticut
$598K +$175K +1,306 +46%
Arrowstreet Capital
21
Arrowstreet Capital
Massachusetts
$586K -$1.21M -9,037 -69%
ETC
22
Exchange Traded Concepts
Oklahoma
$501K -$33.5K -250 -7%
Two Sigma Investments
23
Two Sigma Investments
New York
$495K -$411K -3,066 -47%
Jacobs Levy Equity Management
24
Jacobs Levy Equity Management
New Jersey
$448K -$393K -2,932 -49%
MAM
25
Marquette Asset Management
Minnesota
$434K

BH Hedge Fund Activity: Q1 2022 in Review

67 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q1 2022, worth a combined $243M — down 0.62% from $245M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BH positions and 8 closed out — a net gain of 2 holders — while 9 added to existing stakes and 32 trimmed.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $680K. The largest seller was Arrowstreet Capital, cutting an estimated $1.21M.

  • 67 institutional investors held Biglari Holdings Class B (BH) as of Q1 2022, up from 65 in Q4 2021.
  • Funds reported $243M of Biglari Holdings Class B stock for Q1 2022, down 0.62% quarter-over-quarter.
  • 10 funds opened new Biglari Holdings Class B positions in Q1 2022 and 8 closed out, a net change of +2 holders.
  • The largest Biglari Holdings Class B buyer in Q1 2022 was Goldman Sachs, an estimated $680K added.
  • The largest Biglari Holdings Class B seller in Q1 2022 was Arrowstreet Capital, an estimated $1.21M sold.

Based on aggregated 13F filings for Q1 2022.