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Biglari Holdings Class B

63 hedge funds and large institutions have $203M invested in Biglari Holdings Class B in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 32 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.44% less ownership

Funds ownership: 81.18%79.74% (-1.4%)

6% less funds holding

Funds holding: 6763 (-4)

17% less capital invested

Capital invested by funds: $243M → $203M (-$40.6M)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

72% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 32

Holders
63
Holders Change
-4
Holders Change %
-5.97%
% 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
5
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
$163M
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$9.75M +$268K +2,002 +3%
BlackRock
3
BlackRock
New York
$6.96M -$159K -1,186 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.57M -$37.9K -283 -1%
N
5
Nuveen
North Carolina
$1.75M -$160K -1,192 -8%
Prudential Financial
6
Prudential Financial
New Jersey
$1.74M +$71K +530 +4%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.74M +$29.5K +220 +2%
State Street
8
State Street
Massachusetts
$1.63M -$120K -898 -6%
BCM
9
Bridgeway Capital Management
Texas
$1.58M
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.47M -$107K -798 -6%
Northern Trust
11
Northern Trust
Illinois
$1.02M -$67.9K -507 -6%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$942K -$215K -1,608 -17%
D.E. Shaw & Co
13
D.E. Shaw & Co
New York
$913K -$2.41K -18 -0.2%
Goldman Sachs
14
Goldman Sachs
New York
$622K
Los Angeles Capital Management
15
Los Angeles Capital Management
California
$606K -$16.1K -120 -2%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$535K -$267K -1,990 -31%
SO
17
STRS Ohio
Ohio
$515K
OSAM
18
O'Shaughnessy Asset Management
Connecticut
$506K -$938 -7 -0.2%
MAM
19
Martingale Asset Management
Massachusetts
$450K -$80.4K -600 -14%
MAM
20
Marquette Asset Management
Minnesota
$368K
Millennium Management
21
Millennium Management
New York
$355K +$55.7K +416 +17%
State of Tennessee, Department of Treasury
22
State of Tennessee, Department of Treasury
Tennessee
$264K
Charles Schwab
23
Charles Schwab
California
$262K -$34.8K -260 -11%
Jacobs Levy Equity Management
24
Jacobs Levy Equity Management
New Jersey
$258K -$133K -989 -32%
Jane Street
25
Jane Street
New York
$236K +$257K +1,920 New

BH Hedge Fund Activity: Q2 2022 in Review

63 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q2 2022, worth a combined $203M — down 17% from $243M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BH and 5 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 9 added.

The largest buyer was Dimensional Fund Advisors, adding an estimated $268K. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $586K sold.

  • 63 institutional investors held Biglari Holdings Class B (BH) as of Q2 2022, down from 67 in Q1 2022.
  • Funds reported $203M of Biglari Holdings Class B stock for Q2 2022, down 17% quarter-over-quarter.
  • 5 funds opened new Biglari Holdings Class B positions in Q2 2022 and 8 closed out, a net change of -3 holders.
  • The largest Biglari Holdings Class B buyer in Q2 2022 was Dimensional Fund Advisors, an estimated $268K added.
  • The largest Biglari Holdings Class B seller in Q2 2022 was Arrowstreet Capital, an estimated $586K sold.

Based on aggregated 13F filings for Q2 2022.