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 |
|---|---|---|---|---|---|
| Sterling Capital Management LLC | 1 | $1.74K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 2 | $3.48K | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 3 | $5.23K | 0.00% | +3 | New |
| Citigroup Inc | 4 | $6.97K | 0.00% | 00.0% | Unchanged |
| Royal Bank of Canada | 4 | $7.00K | 0.00% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 6 | $10.5K | 0.00% | +6 | New |
| Fifth Third Bancorp | 7 | $12.2K | 0.00% | +7 | New |
| Tower Research Capital LLC (TRC) | 38 | $66.2K | 0.00% | +38 | New |
| Vanguard Global Advisers, LLC | 65 | $113.3K | 0.00% | +65 | New |
| Caitong International Asset Management Co., Ltd | 82 | $142.9K | 0.03% | +17+26.2% | Added |
| FMR LLC | 93 | $161.3K | 0.00% | +63+210.0% | Added |
| Marex Group plc | 119 | $207.4K | 0.00% | +119 | New |
| Man Group plc | 128 | $223.1K | 0.00% | +128 | New |
| Inceptionr LLC | 135 | $235.3K | 0.06% | +135 | New |
| Northern Trust Corp | 141 | $245.7K | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 163 | $284.1K | 0.00% | +151+1,258.3% | Added |
| Quadrature Capital Ltd | 186 | $324.1K | 0.00% | +186 | New |
| Engineers Gate Manager LP | 198 | $345.1K | 0.00% | +198 | New |
| Morgan Stanley | 223 | $388.6K | 0.00% | +81+57.0% | Added |
| Quantbot Technologies LP | 263 | $458.3K | 0.02% | +235+839.3% | Added |
| Vanguard Fiduciary Trust Co | 302 | $526.3K | 0.00% | +302 | New |
| Goldman Sachs Group Inc | 327 | $569.9K | 0.00% | −236−41.9% | Reduced |
| Point72 Asset Management, L.P. | 471 | $820.8K | 0.00% | +9+1.9% | Added |
| HRT Financial LP | 532 | $927.0K | 0.00% | +272+104.6% | Added |
| State Street Corp | 560 | $975.9K | 0.00% | −210−27.3% | Reduced |
| UBS Group AG | 604 | $1.05M | 0.00% | +538+815.2% | Added |
| Aquatic Capital Management LLC | 822 | $1.43M | 0.04% | +574+231.5% | Added |
| Balyasny Asset Management LLC | 858 | $1.50M | 0.00% | +630+276.3% | Added |
| XTX Topco Ltd | 935 | $1.63M | 0.03% | +935 | New |
| Geode Capital Management, LLC | 1,062 | $1.85M | 0.00% | +202+23.5% | Added |
| Millennium Management LLC | 1,160 | $2.02M | 0.00% | +752+184.3% | Added |
| Arrowstreet Capital, Limited Partnership | 1,370 | $2.39M | 0.00% | +487+55.2% | Added |
| Gabelli Funds LLC | 1,560 | $2.72M | 0.02% | 00.0% | Unchanged |
| Check Capital Management Inc | 1,578 | $2.75M | 0.17% | −622−28.3% | Reduced |
| Victory Capital Management Inc | 1,977 | $3.45M | 0.00% | +1,977 | New |
| Vanguard Capital Management LLC | 2,127 | $3.71M | 0.00% | +2,127 | New |
| Trexquant Investment LP | 2,347 | $4.09M | 0.03% | +495+26.7% | Added |
| Marshall Wace, LLP | 2,358 | $4.11M | 0.00% | +1,681+248.3% | Added |
| BlackRock, Inc. | 2,690 | $4.69M | 0.00% | +1,111+70.4% | Added |
| Renaissance Technologies LLC | 5,760 | $10.0M | 0.02% | +1,530+36.2% | Added |
| Dimensional Fund Advisors LP | 5,793 | $10.1M | 0.00% | −63−1.1% | Reduced |
| Gamco Investors, Inc. Et Al | 11,229 | $19.6M | 0.19% | −628−5.3% | Reduced |
| Biglari Capital Corp. | 154,474 | $269.2M | 28.97% | 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 |