Biglari Holdings Inc.
BH.A- Exchange
- NYSE
- Industry
- Retail-Eating Places
- SEC CIK
- 0001726173
No open-market purchases or sales by Biglari Holdings Inc. insiders were filed in the last 90 days; 58 institutions reported holding it in 13F filings for Q2 2026, worth $453.6M in total; no superinvestor holds it.
Other share classesBH
13F holders, Q2 2026
Institutional positions in Biglari Holdings Inc. as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 58
- +15 vs. Q1 2026
- Shares held
- 215.5K
- +12.8K (+6.3%) vs. Q1 2026
- Total value
- $453.6M
- +$100.2M (+28.4%) vs. Q1 2026
- New holders
- 29
- 14 more added
- Sold out
- 14
- 9 more reduced
Compare with Q1 2026: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BH.A on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 58 | $453.6M |
| Q1 2026 | 43 | $353.3M |
| Q4 2025 | 36 | $336.9M |
| Q3 2025 | 40 | $297.2M |
| Q2 2025 | 27 | $256.3M |
| Q1 2025 | 22 | $200.7M |
| Q4 2024 | 24 | $232.2M |
| Q3 2024 | 23 | $146.5M |
| Q2 2024 | 22 | $160.8M |
| Q1 2024 | 20 | $170.0M |
| Q4 2023 | 19 | $139.3M |
| Q3 2023 | 18 | $146.4M |
| Q2 2023 | 19 | $166.8M |
| Q1 2023 | 21 | $146.9M |
| Q4 2022 | 18 | $121.1M |
| Q3 2022 | 20 | $108.4M |
| Q2 2022 | 19 | $104.2M |
| Q1 2022 | 28 | $131.6M |
| Q4 2021 | 25 | $125.8M |
| Q3 2021 | 26 | $150.6M |
| Q2 2021 | 33 | $143.6M |
| Q1 2021 | 41 | $126.6M |
Institutions, Q2 2026
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 154,474 | $325.1M | 27.21% | 00.0% | Unchanged |
| Gamco Investors, Inc. Et Al | 11,038 | $23.2M | 0.21% | −191−1.7% | Reduced |
| Renaissance Technologies LLC | 6,065 | $12.8M | 0.02% | +305+5.3% | Added |
| Dimensional Fund Advisors LP | 5,753 | $12.1M | 0.00% | −40−0.7% | Reduced |
| BlackRock, Inc. | 5,414 | $11.4M | 0.00% | +2,724+101.3% | Added |
| Jane Street Group, LLC | 5,048 | $10.6M | 0.01% | +5,048 | New |
| First Trust Advisors LP | 4,481 | $9.43M | 0.01% | +4,481 | New |
| UBS Group AG | 3,296 | $6.94M | 0.00% | +2,692+445.7% | Added |
| Victory Capital Management Inc | 2,745 | $5.78M | 0.00% | +768+38.8% | Added |
| Vanguard Capital Management LLC | 2,437 | $5.13M | 0.00% | +310+14.6% | Added |
| Marshall Wace, LLP | 2,236 | $4.71M | 0.00% | −122−5.2% | Reduced |
| Geode Capital Management, LLC | 1,889 | $3.98M | 0.00% | +827+77.9% | Added |
| Check Capital Management Inc | 1,562 | $3.29M | 0.19% | −16−1.0% | Reduced |
| Gabelli Funds LLC | 1,560 | $3.28M | 0.02% | 00.0% | Unchanged |
| Dark Forest Capital Management LP | 1,067 | $2.25M | 0.14% | +1,067 | New |
| XTX Topco Ltd | 969 | $2.04M | 0.03% | +34+3.6% | Added |
| State Street Corp | 875 | $1.84M | 0.00% | +315+56.3% | Added |
| Northern Trust Corp | 446 | $938.7K | 0.00% | +305+216.3% | Added |
| STRS Ohio | 400 | $841.9K | 0.00% | +400 | New |
| Balyasny Asset Management LLC | 395 | $831.3K | 0.00% | −463−54.0% | Reduced |
| Vanguard Fiduciary Trust Co | 373 | $785.0K | 0.00% | +71+23.5% | Added |
| Vanguard Portfolio Management LLC | 362 | $761.9K | 0.00% | +362 | New |
| Bank of New York Mellon Corp | 229 | $482.0K | 0.00% | +229 | New |
| Goldman Sachs Group Inc | 223 | $469.3K | 0.00% | −104−31.8% | Reduced |
| Morgan Stanley | 205 | $431.5K | 0.00% | −18−8.1% | Reduced |
| Nuveen, LLC | 193 | $406.2K | 0.00% | +193 | New |
| Brevan Howard Capital Management LP | 170 | $357.8K | 0.01% | +170 | New |
| EntryPoint Capital, LLC | 166 | $349.4K | 0.08% | +166 | New |
| Alliancebernstein L.P. | 200 | $348.5K | 0.00% | +200 | New |
| Blueshift Asset Management, LLC | 125 | $263.1K | 0.06% | +125 | New |
| Susquehanna International Group, LLP | 122 | $256.8K | 0.00% | +122 | New |
| SEI Investments Co | 115 | $242.0K | 0.00% | +115 | New |
| Shay Capital LLC | 108 | $227.3K | 0.03% | +108 | New |
| Virtu Financial LLC | 103 | $215.0K | 0.01% | +103 | New |
| New York State Common Retirement Fund | 100 | $210.5K | 0.00% | +100 | New |
| FMR LLC | 95 | $199.3K | 0.00% | +2+2.2% | Added |
| Quantbot Technologies LP | 82 | $172.6K | 0.01% | −181−68.8% | Reduced |
| Rhumbline Advisers | 75 | $157.8K | 0.00% | +75 | New |
| Vanguard Global Advisers, LLC | 65 | $136.8K | 0.00% | 00.0% | Unchanged |
| Deutsche Bank AG | 54 | $113.7K | 0.00% | +54 | New |
| Wells Fargo & Company | 45 | $94.7K | 0.00% | +45 | New |
| Citigroup Inc | 32 | $67.3K | 0.00% | +28+700.0% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 26 | $54.7K | 0.00% | +26 | New |
| Police & Firemen's Retirement System of New Jersey | 25 | $52.6K | 0.00% | +25 | New |
| JPMorgan Chase & Co | 23 | $49.6K | 0.00% | +23 | New |
| Barclays PLC | 16 | $33.7K | 0.00% | +16 | New |
| BNP Paribas Arbitrage, SA | 16 | $33.7K | 0.00% | +16 | New |
| Fifth Third Bancorp | 7 | $14.7K | 0.00% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 6 | $12.6K | 0.00% | 00.0% | Unchanged |
| Royal Bank of Canada | 6 | $12.0K | 0.00% | +2+50.0% | Added |
| Ameritas Investment Partners, Inc. | 5 | $10.5K | 0.00% | +5 | New |
| Russell Investments Group, Ltd. | 4 | $8.42K | 0.00% | +4 | New |
| Legal & General Group Plc | 3 | $6.33K | 0.00% | +3 | New |
| Tower Research Capital LLC (TRC) | 2 | $4.21K | 0.00% | −36−94.7% | Reduced |
| North Star Investment Management Corp. | 2 | $4.21K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 2 | $4.21K | 0.00% | +1+100.0% | Added |
| Covestor Ltd | 2 | $4.00K | 0.00% | +2 | New |
| Global Retirement Partners, LLC | 1 | $2.10K | 0.00% | +1 | New |
| Trexquant Investment LP | 0 | $0 | 0.00% | −2,347−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −1,370−100.0% | Sold out |
| Millennium Management LLC | 0 | $0 | 0.00% | −1,160−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −822−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −532−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −471−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −198−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −186−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −163−100.0% | Sold out |
| Inceptionr LLC | 0 | $0 | 0.00% | −135−100.0% | Sold out |
| Man Group plc | 0 | $0 | 0.00% | −128−100.0% | Sold out |
| Marex Group plc | 0 | $0 | 0.00% | −119−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −82−100.0% | Sold out |
| Parallel Advisors, LLC | 0 | $0 | 0.00% | −3−100.0% | Sold out |