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Biglari Holdings Class B
BH

70 hedge funds and large institutions have $293M invested in Biglari Holdings Class B in 2024 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

0.17% more ownership

Funds ownership: 82.17% → 82.35% (+0.17%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 73 → 70 (-3)

11% less capital invested

Capital invested by funds: $329M → $293M (-$35.7M)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
70
Holders Change
-3
Holders Change %
-4.11%
% of All Funds
1.01%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
24
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$391K
2
Goldman Sachs
Goldman Sachs
New York
+$362K
3
AI
Acuitas Investments
Washington
+$336K
4
BlackRock
BlackRock
New York
+$304K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$255K

Top Sellers

Rank Fund Capital Flow
1
Prudential Financial
Prudential Financial
New Jersey
-$979K
2
LPL Financial
LPL Financial
California
-$239K
3
Jane Street
Jane Street
New York
-$222K
4
SO
STRS Ohio
Ohio
-$164K
5
OSAM
O'Shaughnessy Asset Management
Connecticut
-$127K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCC
1
Biglari Capital Corp
Texas
$232M – – –
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$15.6M +$199K +1,093 +1%
BlackRock
3
BlackRock
New York
$9.48M +$304K +1,673 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.07M +$391K +2,151 +6%
N
5
Nuveen
North Carolina
$2.87M +$6.37K +35 +0.2%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$2.76M -$15.3K -84 -0.5%
BCM
7
Bridgeway Capital Management
Texas
$2.63M +$73.1K +402 +3%
AI
8
Acuitas Investments
Washington
$2.47M +$336K +1,848 +15%
State Street
9
State Street
Massachusetts
$2.2M +$11.6K +64 +0.5%
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.03M +$728 +4 +0%
EF
11
Empowered Funds
Pennsylvania
$1.57M +$73.1K +402 +5%
Northern Trust
12
Northern Trust
Illinois
$1.38M +$8.55K +47 +0.6%
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$1.32M – – –
Morgan Stanley
14
Morgan Stanley
New York
$1,000K +$201K +1,106 +24%
Los Angeles Capital Management
15
Los Angeles Capital Management
California
$760K +$16K +88 +2%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$578K -$108K -593 -15%
MAM
17
Martingale Asset Management
Massachusetts
$565K – – –
Renaissance Technologies
18
Renaissance Technologies
New York
$426K +$16.4K +90 +4%
GCP
19
GSA Capital Partners
United Kingdom
$420K -$14K -77 -3%
OSAM
20
O'Shaughnessy Asset Management
Connecticut
$417K -$127K -697 -22%
RG
21
Rathbones Group
United Kingdom
$396K – – –
Charles Schwab
22
Charles Schwab
California
$379K – – –
MAM
23
Marquette Asset Management
Minnesota
$364K -$37.8K -208 -9%
Assenagon Asset Management
24
Assenagon Asset Management
Luxembourg
$343K -$1.27K -7 -0.3%
Goldman Sachs
25
Goldman Sachs
New York
$342K +$362K +1,988 New
1
2 3 4

BH Hedge Fund Activity: Q3 2024 in Review

70 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Biglari Holdings Class B (BH) for Q3 2024, worth a combined $293M — down 11% from $329M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BH and 7 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 24 added.

The largest buyer was Vanguard Group, adding an estimated $391K. The largest seller was Prudential Financial, cutting an estimated $979K.

  • 70 institutional investors held Biglari Holdings Class B (BH) as of Q3 2024, down from 73 in Q2 2024.
  • Funds reported $293M of Biglari Holdings Class B stock for Q3 2024, down 11% quarter-over-quarter.
  • 7 funds opened new Biglari Holdings Class B positions in Q3 2024 and 10 closed out, a net change of -3 holders.
  • The largest Biglari Holdings Class B buyer in Q3 2024 was Vanguard Group, an estimated $391K added.
  • The largest Biglari Holdings Class B seller in Q3 2024 was Prudential Financial, an estimated $979K sold.

Based on aggregated 13F filings for Q3 2024.