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Biglari Holdings Class B

60 hedge funds and large institutions have $215M invested in Biglari Holdings Class B in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

14% more capital invested

Capital invested by funds: $189M → $215M (+$26.3M)

7% more funds holding

Funds holding: 5660 (+4)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.04% less ownership

Funds ownership: 78.99%78.95% (-0.04%)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
60
Holders Change
+4
Holders Change %
+7.14%
% 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
7
Increased
16
Reduced
19
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$184M
BlackRock
2
BlackRock
New York
$7.98M +$167K +1,218 +2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$3.99M +$11.8K +86 +0.3%
N
4
Nuveen
North Carolina
$1.92M -$73.3K -535 -4%
State Street
5
State Street
Massachusetts
$1.85M -$34.8K -254 -2%
BCM
6
Bridgeway Capital Management
Texas
$1.79M
Prudential Financial
7
Prudential Financial
New Jersey
$1.79M -$154K -1,120 -8%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.75M -$4.66K -34 -0.3%
Connor, Clark & Lunn Investment Management (CC&L)
9
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.65M +$13.4K +98 +0.8%
Northern Trust
10
Northern Trust
Illinois
$1.15M +$10.4K +76 +0.9%
D.E. Shaw & Co
11
D.E. Shaw & Co
New York
$959K -$73.1K -533 -7%
Goldman Sachs
12
Goldman Sachs
New York
$684K -$21.5K -157 -3%
SO
13
STRS Ohio
Ohio
$527K -$54.8K -400 -10%
Los Angeles Capital Management
14
Los Angeles Capital Management
California
$507K
Millennium Management
15
Millennium Management
New York
$447K -$5.76K -42 -1%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$437K -$696K -5,077 -62%
MAM
17
Marquette Asset Management
Minnesota
$416K
MAM
18
Martingale Asset Management
Massachusetts
$322K -$65.8K -480 -17%
OSAM
19
O'Shaughnessy Asset Management
Connecticut
$302K -$55.5K -405 -16%
Charles Schwab
20
Charles Schwab
California
$296K
Morgan Stanley
21
Morgan Stanley
New York
$293K +$29.3K +214 +11%
Two Sigma Advisers
22
Two Sigma Advisers
New York
$286K -$13.7K -100 -5%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$216K +$213K +1,553 New
Jacobs Levy Equity Management
24
Jacobs Levy Equity Management
New Jersey
$201K +$199K +1,451 New
Barclays
25
Barclays
United Kingdom
$183K +$23K +168 +15%

BH Hedge Fund Activity: Q4 2022 in Review

60 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2022, worth a combined $215M — up 14% from $189M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new BH positions and 2 closed out — a net gain of 5 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was Dimensional Fund Advisors, adding an estimated $287K. The largest seller was Bank of New York Mellon, cutting an estimated $696K.

  • 60 institutional investors held Biglari Holdings Class B (BH) as of Q4 2022, up from 56 in Q3 2022.
  • Funds reported $215M of Biglari Holdings Class B stock for Q4 2022, up 14% quarter-over-quarter.
  • 7 funds opened new Biglari Holdings Class B positions in Q4 2022 and 2 closed out, a net change of +5 holders.
  • The largest Biglari Holdings Class B buyer in Q4 2022 was Dimensional Fund Advisors, an estimated $287K added.
  • The largest Biglari Holdings Class B seller in Q4 2022 was Bank of New York Mellon, an estimated $696K sold.

Based on aggregated 13F filings for Q4 2022.