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 2026
Institutional positions in Biglari Holdings Inc. as of Mar 31, 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
- 43
- +9 vs. Q4 2025
- Shares held
- 202.8K
- +11.6K (+6.1%) vs. Q4 2025
- Total value
- $353.3M
- +$20.7M (+6.2%) vs. Q4 2025
- New holders
- 14
- 17 more added
- Sold out
- 5
- 5 more reduced
2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 154,474 | $269.2M | 28.97% | 00.0% | Unchanged |
| Gamco Investors, Inc. Et Al | 11,229 | $19.6M | 0.19% | −628−5.3% | Reduced |
| Dimensional Fund Advisors LP | 5,793 | $10.1M | 0.00% | −63−1.1% | Reduced |
| Renaissance Technologies LLC | 5,760 | $10.0M | 0.02% | +1,530+36.2% | Added |
| BlackRock, Inc. | 2,690 | $4.69M | 0.00% | +1,111+70.4% | Added |
| Marshall Wace, LLP | 2,358 | $4.11M | 0.00% | +1,681+248.3% | Added |
| Trexquant Investment LP | 2,347 | $4.09M | 0.03% | +495+26.7% | Added |
| Vanguard Capital Management LLC | 2,127 | $3.71M | 0.00% | +2,127 | New |
| Victory Capital Management Inc | 1,977 | $3.45M | 0.00% | +1,977 | New |
| Check Capital Management Inc | 1,578 | $2.75M | 0.17% | −622−28.3% | Reduced |
| Gabelli Funds LLC | 1,560 | $2.72M | 0.02% | 00.0% | Unchanged |
| Arrowstreet Capital, Limited Partnership | 1,370 | $2.39M | 0.00% | +487+55.2% | Added |
| Millennium Management LLC | 1,160 | $2.02M | 0.00% | +752+184.3% | Added |
| Geode Capital Management, LLC | 1,062 | $1.85M | 0.00% | +202+23.5% | Added |
| XTX Topco Ltd | 935 | $1.63M | 0.03% | +935 | New |
| Balyasny Asset Management LLC | 858 | $1.50M | 0.00% | +630+276.3% | Added |
| Aquatic Capital Management LLC | 822 | $1.43M | 0.04% | +574+231.5% | Added |
| UBS Group AG | 604 | $1.05M | 0.00% | +538+815.2% | Added |
| State Street Corp | 560 | $975.9K | 0.00% | −210−27.3% | Reduced |
| HRT Financial LP | 532 | $927.0K | 0.00% | +272+104.6% | Added |
| Point72 Asset Management, L.P. | 471 | $820.8K | 0.00% | +9+1.9% | Added |
| Goldman Sachs Group Inc | 327 | $569.9K | 0.00% | −236−41.9% | Reduced |
| Vanguard Fiduciary Trust Co | 302 | $526.3K | 0.00% | +302 | New |
| Quantbot Technologies LP | 263 | $458.3K | 0.02% | +235+839.3% | Added |
| Morgan Stanley | 223 | $388.6K | 0.00% | +81+57.0% | Added |
| Engineers Gate Manager LP | 198 | $345.1K | 0.00% | +198 | New |
| Quadrature Capital Ltd | 186 | $324.1K | 0.00% | +186 | New |
| Qube Research & Technologies Ltd | 163 | $284.1K | 0.00% | +151+1,258.3% | Added |
| Northern Trust Corp | 141 | $245.7K | 0.00% | 00.0% | Unchanged |
| Inceptionr LLC | 135 | $235.3K | 0.06% | +135 | New |
| Man Group plc | 128 | $223.1K | 0.00% | +128 | New |
| Marex Group plc | 119 | $207.4K | 0.00% | +119 | New |
| FMR LLC | 93 | $161.3K | 0.00% | +63+210.0% | Added |
| Caitong International Asset Management Co., Ltd | 82 | $142.9K | 0.03% | +17+26.2% | Added |
| Vanguard Global Advisers, LLC | 65 | $113.3K | 0.00% | +65 | New |
| Tower Research Capital LLC (TRC) | 38 | $66.2K | 0.00% | +38 | New |
| Fifth Third Bancorp | 7 | $12.2K | 0.00% | +7 | New |
| O'Shaughnessy Asset Management, LLC | 6 | $10.5K | 0.00% | +6 | New |
| Royal Bank of Canada | 4 | $7.00K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 4 | $6.97K | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 3 | $5.23K | 0.00% | +3 | New |
| North Star Investment Management Corp. | 2 | $3.48K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 1 | $1.74K | 0.00% | 00.0% | Unchanged |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −508−100.0% | Sold out |
| Omers Administration Corp | 0 | $0 | 0.00% | −500−100.0% | Sold out |
| Jane Street Group, LLC | 0 | $0 | 0.00% | −401−100.0% | Sold out |
| JPMorgan Chase & Co | 0 | $0 | 0.00% | −252−100.0% | Sold out |
| Bank of America Corp | 0 | $0 | 0.00% | −18−100.0% | Sold out |
| Vanguard Group Inc | – | – | – | – | Not filed |
| Comerica Bank | – | – | – | – | Not filed |