Biglari Holdings Inc.
BH- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0001726173
In the last 90 days, Biglari Holdings Inc. insiders filed 1 open-market purchase and 0 sales; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.
Other share classesBH.A
Key figures
- Market capNo recent share count in SEC filings
- –
- Insider buysLast 90 days, $5.54M in total
- 1
- Insider sellsOpen market, last 90 days
- 0
- 13F holdersQ2 2026, −1 vs. previous quarter
- 113
- 13F valueReported value at the end of Q2 2026
- $850.5M
- Superinvestors holdingAt the end of Q2 2026
- 0
Price chart
Financials
See financial statementsFrom SEC filings, in USD.
- Revenue, FY2025
- $395.3M
- +9.2% year over year
- Net income, FY2025
- -$37.5M
- No comparable prior period
- Free cash flow, FY2025
- $76.6M
- +301.8% year over year
- Revenue, Q3 FY2026
- $112.1M
- +12.4% year over year
Short interest
See short dataFrom FINRA, settlement date Oct 30, 2026.
- Short interest
- 141.7K
- Shares sold short
- Change
- −36.1K
- −20.3% vs. previous
- Days to cover
- 1.53
- At average daily volume
Superinvestors holding BH, Q2 2026
Go to the superinvestors tabNo superinvestor reported holding BH at the end of Q2 2026.
Latest insider trades
See all insider tradesOpen-market purchases and sales by Biglari Holdings Inc. insiders from Form 4, newest first.
| Filed (ET) | Trade date | Filing delay | Insider | Transaction | Shares | Avg price | Value | Holding change | Flags |
|---|---|---|---|---|---|---|---|---|---|
| Nov 13, 2026 (view filing)9:06 AM ET | Nov 11-12 | 2 days | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass A common stock | +3.03K | $1,754.45 | +$5.31M | +2.4%131.8K after | 2 lots |
| Nov 13, 2026 (view filing)9:06 AM ET | Nov 12 | 1 day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +628 | $354.95 | +$222.9K | 0.0%1.40M after | |
| Jun 5, 2026 (view filing)6:46 PM ET | Jun 4-5 | 1 day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +2.28K | $289.20 | +$658.8K | +0.2%1.40M after | 2 lots |
| May 14, 2026 (view filing)7:58 PM ET | May 12-14 | 2 days | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +52.7K | $255.15 | +$13.4M | +3.9%1.40M after | 3 lots |
| Mar 13, 2026 (view filing)5:06 PM ET | Mar 13 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +2.81K | $302.20 | +$849.2K | +0.2%1.35M after | |
| Mar 9, 2026 (view filing)6:41 PM ET | Mar 9 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +3.32K | $301.06 | +$999.5K | +0.2%1.34M after | |
| Mar 6, 2026 (view filing)5:51 PM ET | Mar 6 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +2.44K | $307.20 | +$749.9K | +0.2%1.34M after | |
| Mar 3, 2026 (view filing)7:37 PM ET | Mar 3 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +1.15K | $331.15 | +$379.5K | +0.1%1.34M after | |
| Dec 17, 2025 (view filing)7:04 PM ET | Dec 17 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass B common stock | +3.08K | $323.71 | +$998.3K | +0.2%1.34M after | |
| Dec 17, 2025 (view filing)7:04 PM ET | Dec 17 | Same day | Biglari, Sardar and 2 othersChairman and CEO | PPurchaseClass A common stock | +368 | $1,633.52 | +$601.1K | +0.3%128.8K after |
Top 10 13F holders, Q2 2026
See all 113 holdersThe largest institutional positions in Biglari Holdings Inc. at the end of Q2 2026; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,472,237 | $627.2M | 52.50% | +54,952+3.9% | Added |
| Dimensional Fund Advisors LP | 106,257 | $45.3M | 0.01% | +4,010+3.9% | Added |
| Two Sigma Investments, LP | 50,618 | $21.6M | 0.02% | +42,023+488.9% | Added |
| BlackRock, Inc. | 46,135 | $19.7M | 0.00% | +1,089+2.4% | Added |
| Marshall Wace, LLP | 31,016 | $13.2M | 0.01% | −1,191−3.7% | Reduced |
| Renaissance Technologies LLC | 28,627 | $12.2M | 0.02% | +6,885+31.7% | Added |
| Vanguard Capital Management LLC | 28,185 | $12.0M | 0.00% | −1,570−5.3% | Reduced |
| Millennium Management LLC | 26,774 | $11.4M | 0.01% | +9,432+54.4% | Added |
| Geode Capital Management, LLC | 14,922 | $6.36M | 0.00% | +1,088+7.9% | Added |
| Trexquant Investment LP | 14,559 | $6.20M | 0.04% | −7,151−32.9% | Reduced |
Holders of 5% or more of BH
See all 1 holders and filingsHolders whose latest Schedule 13D or 13G filing reports 5% or more of Biglari Holdings Inc..
| Holder | Latest form | Stake | Change | First filed | Latest filing | Filing |
|---|---|---|---|---|---|---|
| Barclays PLC | 13G | 5.15%109.0K shares | New | Nov 6, 20261 filing | Nov 6, 2026 | SEC |
Politician trades
All politician trades in BH1 member of Congress reported 2 trades in Biglari Holdings Inc. since 2020. Newest filings:
| Filed | Politician | Type | Amount |
|---|---|---|---|
| Oct 8, 2021 |  Cynthia Axne House · IA | Sell | $1K-$15K |
| Oct 8, 2021 | Cynthia Axne House · IA | Sell | $1K-$15K |
House · IA · Oct 8, 2021
Sell$1K-$15K
House · IA · Oct 8, 2021
Sell$1K-$15K