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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, Q1 2025

Institutional positions in Biglari Holdings Inc. as of Mar 31, 2025. 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
22
−2 vs. Q4 2024
Shares held
182.4K
+347 (+0.2%) vs. Q4 2024
Total value
$200.7M
−$31.5M (−13.6%) vs. Q4 2024
New holders
1
7 more added
Sold out
3
4 more reduced

Compare with Q4 2024: 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.

Institutional holdersQ1 2025: 22 institutions
Q1 2021: 41 institutionsQ2 2021: 33 institutionsQ3 2021: 26 institutionsQ4 2021: 25 institutionsQ1 2022: 28 institutionsQ2 2022: 19 institutionsQ3 2022: 20 institutionsQ4 2022: 18 institutionsQ1 2023: 21 institutionsQ2 2023: 19 institutionsQ3 2023: 18 institutionsQ4 2023: 19 institutionsQ1 2024: 20 institutionsQ2 2024: 22 institutionsQ3 2024: 23 institutionsQ4 2024: 24 institutionsQ1 2025: 22 institutionsQ2 2025: 27 institutionsQ3 2025: 40 institutionsQ4 2025: 36 institutionsQ1 2026: 43 institutionsQ2 2026: 58 institutions
Value heldQ1 2025: $200.7M
Q1 2021: $126.6MQ2 2021: $143.6MQ3 2021: $150.6MQ4 2021: $125.8MQ1 2022: $131.6MQ2 2022: $104.2MQ3 2022: $108.4MQ4 2022: $121.1MQ1 2023: $146.9MQ2 2023: $166.8MQ3 2023: $146.4MQ4 2023: $139.3MQ1 2024: $170.0MQ2 2024: $160.8MQ3 2024: $146.5MQ4 2024: $232.2MQ1 2025: $200.7MQ2 2025: $256.3MQ3 2025: $297.2MQ4 2025: $336.9MQ1 2026: $353.3MQ2 2026: $453.6M
Institutions holding BH.A and their total value by quarter
QuarterHoldersValue
Q2 202658$453.6M
Q1 202643$353.3M
Q4 202536$336.9M
Q3 202540$297.2M
Q2 202527$256.3M
Q1 202522$200.7M
Q4 202424$232.2M
Q3 202423$146.5M
Q2 202422$160.8M
Q1 202420$170.0M
Q4 202319$139.3M
Q3 202318$146.4M
Q2 202319$166.8M
Q1 202321$146.9M
Q4 202218$121.1M
Q3 202220$108.4M
Q2 202219$104.2M
Q1 202228$131.6M
Q4 202125$125.8M
Q3 202126$150.6M
Q2 202133$143.6M
Q1 202141$126.6M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q4 2024.

Institutions holding BH.A in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.153,677$169.0M23.84%00.0%Unchanged
Gamco Investors, Inc. Et Al13,073$14.4M0.16%−190−1.4%Reduced
Dimensional Fund Advisors LP5,173$5.69M0.00%+33+0.6%Added
Vanguard Group Inc2,833$3.12M0.00%+156+5.8%Added
Check Capital Management Inc2,314$2.55M0.17%00.0%Unchanged
Gabelli Funds LLC1,625$1.79M0.01%−5−0.3%Reduced
BlackRock, Inc.1,570$1.73M0.00%−4−0.3%Reduced
Geode Capital Management, LLC719$791.4K0.00%+102+16.5%Added
Goldman Sachs Group Inc350$385.0K0.00%+108+44.6%Added
Renaissance Technologies LLC330$363.0K0.00%+10+3.1%Added
State Street Corp289$317.9K0.00%00.0%Unchanged
Susquehanna International Group, LLP256$281.6K0.00%+256New
Morgan Stanley67$73.7K0.00%+9+15.5%Added
Arrowstreet Capital, Limited Partnership66$72.6K0.00%00.0%Unchanged
UBS Group AG61$67.1K0.00%+53+662.5%Added
Bank of America Corp19$20.9K0.00%−16−45.7%Reduced
Comerica Bank7$7.70K0.00%00.0%Unchanged
Ridgewood Investments LLC5$5.50K0.00%00.0%Unchanged
Allworth Financial LP2$2.27K0.00%00.0%Unchanged
North Star Investment Management Corp.2$2.20K0.00%00.0%Unchanged
Sterling Capital Management LLC1$1.10K0.00%00.0%Unchanged
Royal Bank of Canada1$1.00K0.00%00.0%Unchanged
Northern Trust Corp0$00.00%−160−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−3−100.0%Sold out
Moisand Fitzgerald Tamayo, LLC0$00.00%−2−100.0%Sold out