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Biglari Holdings Class B

68 hedge funds and large institutions have $279M invested in Biglari Holdings Class B in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 12

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

1% more funds holding

Funds holding: 6768 (+1)

1.42% more ownership

Funds ownership: 80.28%81.69% (+1.4%)

1% more capital invested

Capital invested by funds: $276M → $279M (+$3.06M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
68
Holders Change
+1
Holders Change %
+1.49%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
6
Increased
29
Reduced
12
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$221M +$1.51M +9,813 +0.7%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$14.4M +$519K +3,365 +4%
BlackRock
3
BlackRock
New York
$9.03M +$607K +3,934 +8%
Vanguard Group
4
Vanguard Group
Pennsylvania
$4.69M +$43.9K +285 +1%
N
5
Nuveen
North Carolina
$2.68M +$122K +789 +5%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$2.5M +$105K +678 +5%
AI
7
Acuitas Investments
Washington
$2.38M +$22.2K +144 +1%
BCM
8
Bridgeway Capital Management
Texas
$2.28M +$88.8K +576 +4%
State Street
9
State Street
Massachusetts
$2.07M +$12K +78 +0.6%
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.75M -$38.9K -252 -2%
Morgan Stanley
11
Morgan Stanley
New York
$1.49M +$968K +6,276 +228%
Northern Trust
12
Northern Trust
Illinois
$1.41M +$72.9K +473 +6%
Prudential Financial
13
Prudential Financial
New Jersey
$1.35M -$311K -2,020 -20%
Arrowstreet Capital
14
Arrowstreet Capital
Massachusetts
$1.26M
EF
15
Empowered Funds
Pennsylvania
$1.26M +$88.8K +576 +8%
Los Angeles Capital Management
16
Los Angeles Capital Management
California
$918K
Bank of New York Mellon
17
Bank of New York Mellon
New York
$656K +$228K +1,481 +59%
MAM
18
Martingale Asset Management
Massachusetts
$542K -$4.63K -30 -0.9%
OSAM
19
O'Shaughnessy Asset Management
Connecticut
$527K -$135K -878 -22%
MAM
20
Marquette Asset Management
Minnesota
$506K +$10.8K +70 +2%
SO
21
STRS Ohio
Ohio
$494K
Bank of America
22
Bank of America
North Carolina
$440K +$161K +1,042 +64%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$425K +$60.9K +395 +18%
RG
24
Rathbones Group
United Kingdom
$379K
GCP
25
GSA Capital Partners
United Kingdom
$376K +$352K +2,281 New

BH Hedge Fund Activity: Q4 2023 in Review

68 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q4 2023, worth a combined $279M — up 1.1% from $276M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new BH positions and 5 closed out — a net gain of 1 holder — while 29 added to existing stakes and 12 trimmed.

The largest buyer was Biglari Capital Corp, adding an estimated $1.51M. The largest seller was Prudential Financial, cutting an estimated $311K.

  • 68 institutional investors held Biglari Holdings Class B (BH) as of Q4 2023, up from 67 in Q3 2023.
  • Funds reported $279M of Biglari Holdings Class B stock for Q4 2023, up 1.1% quarter-over-quarter.
  • 6 funds opened new Biglari Holdings Class B positions in Q4 2023 and 5 closed out, a net change of +1 holder.
  • The largest Biglari Holdings Class B buyer in Q4 2023 was Biglari Capital Corp, an estimated $1.51M added.
  • The largest Biglari Holdings Class B seller in Q4 2023 was Prudential Financial, an estimated $311K sold.

Based on aggregated 13F filings for Q4 2023.