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, Q3 2025
Institutional positions in Biglari Holdings Inc. as of Sep 30, 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
- 40
- +13 vs. Q2 2025
- Shares held
- 192.4K
- +9.30K (+5.1%) vs. Q2 2025
- Total value
- $297.2M
- +$40.8M (+15.9%) vs. Q2 2025
- New holders
- 17
- 12 more added
- Sold out
- 4
- 4 more reduced
Compare with Q2 2025: 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, Q3 2025
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| FMR LLC | 0 | $355 | 0.00% | 0 | New |
| Country Trust Bank | 1 | $927 | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 1 | $1.54K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 2 | $3.09K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 4 | $6.18K | 0.00% | +1+33.3% | Added |
| Comerica Bank | 7 | $10.8K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 17 | $26.3K | 0.00% | −1−5.6% | Reduced |
| UBS Group AG | 19 | $29.4K | 0.00% | +16+533.3% | Added |
| Royal Bank of Canada | 28 | $43.0K | 0.00% | +27+2,700.0% | Added |
| Tower Research Capital LLC (TRC) | 34 | $52.5K | 0.00% | +34 | New |
| Caitong International Asset Management Co., Ltd | 38 | $58.7K | 0.04% | +38 | New |
| Arrowstreet Capital, Limited Partnership | 66 | $102.0K | 0.00% | 00.0% | Unchanged |
| Morgan Stanley | 129 | $199.3K | 0.00% | +71+122.4% | Added |
| Millennium Management LLC | 159 | $245.7K | 0.00% | +159 | New |
| Goldman Sachs Group Inc | 160 | $247.2K | 0.00% | +4+2.6% | Added |
| Verition Fund Management LLC | 160 | $247.2K | 0.00% | +160 | New |
| Semanteon Capital Management, LP | 177 | $273.5K | 0.34% | +177 | New |
| Omers Administration Corp | 200 | $309.0K | 0.00% | +200 | New |
| Marex Group plc | 202 | $312.1K | 0.00% | +202 | New |
| Engineers Gate Manager LP | 260 | $401.7K | 0.00% | +260 | New |
| ExodusPoint Capital Management, LP | 279 | $431.1K | 0.01% | +279 | New |
| XTX Topco Ltd | 356 | $550.0K | 0.03% | +356 | New |
| Cubist Systematic Strategies, LLC | 439 | $678.3K | 0.01% | +103+30.7% | Added |
| Quadrature Capital Ltd | 560 | $865.6K | 0.01% | +560 | New |
| Quantbot Technologies LP | 587 | $906.9K | 0.02% | +587 | New |
| State Street Corp | 612 | $945.5K | 0.00% | +323+111.8% | Added |
| HRT Financial LP | 630 | $973.0K | 0.00% | +247+64.5% | Added |
| Marshall Wace, LLP | 658 | $1.02M | 0.00% | +658 | New |
| Trexquant Investment LP | 707 | $1.09M | 0.01% | +707 | New |
| Qube Research & Technologies Ltd | 722 | $1.12M | 0.00% | +722 | New |
| Citadel Advisors LLC | 764 | $1.18M | 0.00% | +764 | New |
| Geode Capital Management, LLC | 922 | $1.43M | 0.00% | +172+22.9% | Added |
| Gabelli Funds LLC | 1,560 | $2.41M | 0.02% | −10−0.6% | Reduced |
| BlackRock, Inc. | 1,564 | $2.42M | 0.00% | 00.0% | Unchanged |
| Check Capital Management Inc | 2,212 | $3.42M | 0.22% | −100−4.3% | Reduced |
| Vanguard Group Inc | 2,967 | $4.58M | 0.00% | +45+1.5% | Added |
| Renaissance Technologies LLC | 3,518 | $5.44M | 0.01% | +3,058+664.8% | Added |
| Dimensional Fund Advisors LP | 5,804 | $8.97M | 0.00% | +507+9.6% | Added |
| Gamco Investors, Inc. Et Al | 12,150 | $18.8M | 0.18% | −655−5.1% | Reduced |
| Biglari Capital Corp. | 153,677 | $237.4M | 26.00% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −179−100.0% | Sold out |
| Northern Trust Corp | 0 | $0 | 0.00% | −160−100.0% | Sold out |
| Raymond James Financial Inc | 0 | $0 | 0.00% | −25−100.0% | Sold out |
| Ridgewood Investments LLC | 0 | $0 | 0.00% | −5−100.0% | Sold out |