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 |
|---|---|---|---|---|---|
| Global Retirement Partners, LLC | 1 | $2.10K | 0.00% | +1 | New |
| Covestor Ltd | 2 | $4.00K | 0.00% | +2 | 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 |
| Legal & General Group Plc | 3 | $6.33K | 0.00% | +3 | New |
| Russell Investments Group, Ltd. | 4 | $8.42K | 0.00% | +4 | New |
| Ameritas Investment Partners, Inc. | 5 | $10.5K | 0.00% | +5 | New |
| Royal Bank of Canada | 6 | $12.0K | 0.00% | +2+50.0% | Added |
| O'Shaughnessy Asset Management, LLC | 6 | $12.6K | 0.00% | 00.0% | Unchanged |
| Fifth Third Bancorp | 7 | $14.7K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 16 | $33.7K | 0.00% | +16 | New |
| BNP Paribas Arbitrage, SA | 16 | $33.7K | 0.00% | +16 | New |
| JPMorgan Chase & Co | 23 | $49.6K | 0.00% | +23 | New |
| Police & Firemen's Retirement System of New Jersey | 25 | $52.6K | 0.00% | +25 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 26 | $54.7K | 0.00% | +26 | New |
| Citigroup Inc | 32 | $67.3K | 0.00% | +28+700.0% | Added |
| Wells Fargo & Company | 45 | $94.7K | 0.00% | +45 | New |
| Deutsche Bank AG | 54 | $113.7K | 0.00% | +54 | New |
| Vanguard Global Advisers, LLC | 65 | $136.8K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 75 | $157.8K | 0.00% | +75 | New |
| Quantbot Technologies LP | 82 | $172.6K | 0.01% | −181−68.8% | Reduced |
| FMR LLC | 95 | $199.3K | 0.00% | +2+2.2% | Added |
| New York State Common Retirement Fund | 100 | $210.5K | 0.00% | +100 | New |
| Virtu Financial LLC | 103 | $215.0K | 0.01% | +103 | New |
| Shay Capital LLC | 108 | $227.3K | 0.03% | +108 | New |
| SEI Investments Co | 115 | $242.0K | 0.00% | +115 | New |
| Susquehanna International Group, LLP | 122 | $256.8K | 0.00% | +122 | New |
| Blueshift Asset Management, LLC | 125 | $263.1K | 0.06% | +125 | New |
| Alliancebernstein L.P. | 200 | $348.5K | 0.00% | +200 | New |
| EntryPoint Capital, LLC | 166 | $349.4K | 0.08% | +166 | New |
| Brevan Howard Capital Management LP | 170 | $357.8K | 0.01% | +170 | New |
| Nuveen, LLC | 193 | $406.2K | 0.00% | +193 | New |
| Morgan Stanley | 205 | $431.5K | 0.00% | −18−8.1% | Reduced |
| Goldman Sachs Group Inc | 223 | $469.3K | 0.00% | −104−31.8% | Reduced |
| Bank of New York Mellon Corp | 229 | $482.0K | 0.00% | +229 | New |
| Vanguard Portfolio Management LLC | 362 | $761.9K | 0.00% | +362 | New |
| Vanguard Fiduciary Trust Co | 373 | $785.0K | 0.00% | +71+23.5% | Added |
| Balyasny Asset Management LLC | 395 | $831.3K | 0.00% | −463−54.0% | Reduced |
| STRS Ohio | 400 | $841.9K | 0.00% | +400 | New |
| Northern Trust Corp | 446 | $938.7K | 0.00% | +305+216.3% | Added |
| State Street Corp | 875 | $1.84M | 0.00% | +315+56.3% | Added |
| XTX Topco Ltd | 969 | $2.04M | 0.03% | +34+3.6% | Added |
| Dark Forest Capital Management LP | 1,067 | $2.25M | 0.14% | +1,067 | New |
| Gabelli Funds LLC | 1,560 | $3.28M | 0.02% | 00.0% | Unchanged |
| Check Capital Management Inc | 1,562 | $3.29M | 0.19% | −16−1.0% | Reduced |
| Geode Capital Management, LLC | 1,889 | $3.98M | 0.00% | +827+77.9% | Added |
| Marshall Wace, LLP | 2,236 | $4.71M | 0.00% | −122−5.2% | Reduced |
| Vanguard Capital Management LLC | 2,437 | $5.13M | 0.00% | +310+14.6% | Added |
| Victory Capital Management Inc | 2,745 | $5.78M | 0.00% | +768+38.8% | Added |
| UBS Group AG | 3,296 | $6.94M | 0.00% | +2,692+445.7% | Added |
| First Trust Advisors LP | 4,481 | $9.43M | 0.01% | +4,481 | New |
| Jane Street Group, LLC | 5,048 | $10.6M | 0.01% | +5,048 | New |
| BlackRock, Inc. | 5,414 | $11.4M | 0.00% | +2,724+101.3% | Added |
| Dimensional Fund Advisors LP | 5,753 | $12.1M | 0.00% | −40−0.7% | Reduced |
| Renaissance Technologies LLC | 6,065 | $12.8M | 0.02% | +305+5.3% | Added |
| Gamco Investors, Inc. Et Al | 11,038 | $23.2M | 0.21% | −191−1.7% | Reduced |
| Biglari Capital Corp. | 154,474 | $325.1M | 27.21% | 00.0% | Unchanged |
| 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 |