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Biglari Holdings Class B

56 hedge funds and large institutions have $189M invested in Biglari Holdings Class B in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.75% less ownership

Funds ownership: 79.74%78.99% (-0.75%)

7% less capital invested

Capital invested by funds: $203M → $189M (-$13.5M)

11% less funds holding

Funds holding: 6356 (-7)

17% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 18

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
56
Holders Change
-7
Holders Change %
-11.11%
% of All Funds
0.96%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
3
Increased
15
Reduced
18
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$153M
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$9.37M +$192K +1,536 +2%
BlackRock
3
BlackRock
New York
$6.5M -$65.6K -524 -0.9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.31M -$54.4K -434 -1%
N
5
Nuveen
North Carolina
$1.66M +$20K +160 +1%
Prudential Financial
6
Prudential Financial
New Jersey
$1.62M -$25K -200 -1%
State Street
7
State Street
Massachusetts
$1.57M +$32.4K +259 +2%
BCM
8
Bridgeway Capital Management
Texas
$1.49M
Geode Capital Management
9
Geode Capital Management
Massachusetts
$1.46M -$187K -1,495 -11%
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.36M -$25K -200 -2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$951K +$68.8K +549 +7%
Northern Trust
12
Northern Trust
Illinois
$947K -$15K -120 -1%
D.E. Shaw & Co
13
D.E. Shaw & Co
New York
$861K
Goldman Sachs
14
Goldman Sachs
New York
$588K +$1.75K +14 +0.3%
SO
15
STRS Ohio
Ohio
$485K
Los Angeles Capital Management
16
Los Angeles Capital Management
California
$423K -$160K -1,281 -26%
Millennium Management
17
Millennium Management
New York
$377K +$45.5K +363 +13%
MAM
18
Marquette Asset Management
Minnesota
$347K
MAM
19
Martingale Asset Management
Massachusetts
$324K -$108K -861 -24%
OSAM
20
O'Shaughnessy Asset Management
Connecticut
$299K -$193K -1,543 -37%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$250K -$276K -2,200 -50%
Charles Schwab
22
Charles Schwab
California
$247K
Morgan Stanley
23
Morgan Stanley
New York
$219K +$75.4K +602 +46%
Russell Investments Group
24
Russell Investments Group
United Kingdom
$136K
Barclays
25
Barclays
United Kingdom
$133K -$751 -6 -0.5%

BH Hedge Fund Activity: Q3 2022 in Review

56 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2022, worth a combined $189M — down 6.7% from $203M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BH and 3 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 15 added.

The largest buyer was Dimensional Fund Advisors, adding an estimated $192K. The largest seller was Two Sigma Advisers, cutting an estimated $276K.

  • 56 institutional investors held Biglari Holdings Class B (BH) as of Q3 2022, down from 63 in Q2 2022.
  • Funds reported $189M of Biglari Holdings Class B stock for Q3 2022, down 6.7% quarter-over-quarter.
  • 3 funds opened new Biglari Holdings Class B positions in Q3 2022 and 9 closed out, a net change of -6 holders.
  • The largest Biglari Holdings Class B buyer in Q3 2022 was Dimensional Fund Advisors, an estimated $192K added.
  • The largest Biglari Holdings Class B seller in Q3 2022 was Two Sigma Advisers, an estimated $276K sold.

Based on aggregated 13F filings for Q3 2022.