Biglari Holdings Inc.
BH- 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; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.
Other share classesBH.A
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
- 113
- −1 vs. Q1 2026
- Shares held
- 2.00M
- −48.6K (−2.4%) vs. Q1 2026
- Total value
- $850.5M
- +$197.3M (+30.2%) vs. Q1 2026
- New holders
- 23
- 34 more added
- Sold out
- 24
- 30 more reduced
2 institutions that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2026: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BH 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 | 113 | $850.5M |
| Q1 2026 | 116 | $653.5M |
| Q4 2025 | 106 | $643.3M |
| Q3 2025 | 97 | $623.3M |
| Q2 2025 | 92 | $534.8M |
| Q1 2025 | 75 | $389.0M |
| Q4 2024 | 75 | $454.5M |
| Q3 2024 | 69 | $293.1M |
| Q2 2024 | 72 | $328.8M |
| Q1 2024 | 68 | $324.2M |
| Q4 2023 | 68 | $279.1M |
| Q3 2023 | 67 | $275.8M |
| Q2 2023 | 72 | $330.3M |
| Q1 2023 | 72 | $280.2M |
| Q4 2022 | 60 | $226.8M |
| Q3 2022 | 56 | $189.0M |
| Q2 2022 | 63 | $202.5M |
| Q1 2022 | 67 | $243.1M |
| Q4 2021 | 65 | $245.0M |
| Q3 2021 | 76 | $289.8M |
| Q2 2021 | 72 | $268.2M |
| Q1 2021 | 70 | $226.1M |
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 |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,472,237 | $627.2M | 52.50% | +54,952+3.9% | Added |
| Dimensional Fund Advisors LP | 106,257 | $45.3M | 0.01% | +4,010+3.9% | Added |
| Two Sigma Investments, LP | 50,618 | $21.6M | 0.02% | +42,023+488.9% | Added |
| BlackRock, Inc. | 46,135 | $19.7M | 0.00% | +1,089+2.4% | Added |
| Marshall Wace, LLP | 31,016 | $13.2M | 0.01% | −1,191−3.7% | Reduced |
| Renaissance Technologies LLC | 28,627 | $12.2M | 0.02% | +6,885+31.7% | Added |
| Vanguard Capital Management LLC | 28,185 | $12.0M | 0.00% | −1,570−5.3% | Reduced |
| Millennium Management LLC | 26,774 | $11.4M | 0.01% | +9,432+54.4% | Added |
| Geode Capital Management, LLC | 14,922 | $6.36M | 0.00% | +1,088+7.9% | Added |
| Trexquant Investment LP | 14,559 | $6.20M | 0.04% | −7,151−32.9% | Reduced |
| State Street Corp | 12,806 | $5.46M | 0.00% | −1,137−8.2% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 12,309 | $5.24M | 0.01% | +970+8.6% | Added |
| AQR Capital Management LLC | 9,490 | $4.04M | 0.00% | +3,556+59.9% | Added |
| Qube Research & Technologies Ltd | 8,775 | $3.74M | 0.00% | −13,640−60.9% | Reduced |
| JPMorgan Chase & Co | 7,850 | $3.43M | 0.00% | −4,458−36.2% | Reduced |
| Charles Schwab Investment Management Inc | 7,703 | $3.28M | 0.00% | +864+12.6% | Added |
| Vanguard Portfolio Management LLC | 7,344 | $3.13M | 0.00% | −254−3.3% | Reduced |
| Northern Trust Corp | 7,161 | $3.05M | 0.00% | +228+3.3% | Added |
| HRT Financial LP | 6,481 | $2.76M | 0.01% | +6,481 | New |
| Jane Street Group, LLC | 6,128 | $2.61M | 0.00% | −11,281−64.8% | Reduced |
| Pacer Advisors, Inc. | 5,829 | $2.48M | 0.01% | +483+9.0% | Added |
| Nuveen, LLC | 5,039 | $2.15M | 0.00% | +794+18.7% | Added |
| XTX Topco Ltd | 4,495 | $1.92M | 0.02% | −6,110−57.6% | Reduced |
| Vanguard Fiduciary Trust Co | 4,326 | $1.84M | 0.00% | +54+1.3% | Added |
| Point72 Asset Management, L.P. | 4,189 | $1.78M | 0.00% | −1,035−19.8% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 4,055 | $1.73M | 0.03% | −205−4.8% | Reduced |
| Gsa Capital Partners LLP | 3,856 | $1.64M | 0.10% | +1,721+80.6% | Added |
| Susquehanna International Group, LLP | 2,982 | $1.27M | 0.00% | +2,982 | New |
| Citadel Advisors LLC | 2,980 | $1.27M | 0.00% | +2,980 | New |
| Morgan Stanley | 2,739 | $1.17M | 0.00% | −547−16.6% | Reduced |
| Bridgeway Capital Management, LLC | 2,625 | $1.12M | 0.02% | −2,360−47.3% | Reduced |
| Barclays PLC | 2,570 | $1.09M | 0.00% | +291+12.8% | Added |
| O'Shaughnessy Asset Management, LLC | 2,408 | $1.03M | 0.00% | −1,702−41.4% | Reduced |
| Bank of America Corp | 2,039 | $868.7K | 0.00% | +752+58.4% | Added |
| STRS Ohio | 2,000 | $852.1K | 0.00% | +100+5.3% | Added |
| Bank of New York Mellon Corp | 1,983 | $844.7K | 0.00% | +310+18.5% | Added |
| Engineers Gate Manager LP | 1,920 | $818.0K | 0.01% | +1,920 | New |
| Invesco Ltd. | 1,830 | $779.6K | 0.00% | −18,108−90.8% | Reduced |
| Rathbone Brothers plc | 1,700 | $724.3K | 0.00% | −1,700−50.0% | Reduced |
| Ritholtz Wealth Management | 1,672 | $712.3K | 0.01% | −839−33.4% | Reduced |
| HSBC Holdings PLC | 1,626 | $702.2K | 0.00% | +103+6.8% | Added |
| Jump Financial, LLC | 1,640 | $698.7K | 0.01% | +1,640 | New |
| UBS Group AG | 1,617 | $688.9K | 0.00% | +16+1.0% | Added |
| Centiva Capital, LP | 1,570 | $668.9K | 0.02% | +1,570 | New |
| Lotus Technology Management, LP | 1,534 | $653.5K | 0.80% | +1,534 | New |
| Alliancebernstein L.P. | 1,931 | $636.4K | 0.00% | +1,000+107.4% | Added |
| State of Wisconsin Investment Board | 1,487 | $633.5K | 0.00% | +1,487 | New |
| Jacobs Levy Equity Management, Inc | 1,451 | $618.2K | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 1,130 | $481.4K | 0.00% | 00.0% | Unchanged |
| American Century Companies Inc | 1,116 | $475.4K | 0.00% | 00.0% | Unchanged |
| Martingale Asset Management L P | 1,101 | $469.1K | 0.01% | 00.0% | Unchanged |
| Inceptionr LLC | 1,048 | $446.5K | 0.11% | +1,048 | New |
| D. E. Shaw & Co., Inc. | 1,019 | $434.1K | 0.00% | −4,551−81.7% | Reduced |
| Occudo Quantitative Strategies LP | 1,014 | $432.0K | 0.02% | +203+25.0% | Added |
| Dynamic Technology Lab Private Ltd | 921 | $392.0K | 0.09% | +921 | New |
| Susquehanna Portfolio Strategies, LLC | 853 | $363.4K | 0.01% | +853 | New |
| Rhumbline Advisers | 853 | $363.4K | 0.00% | +1+0.1% | Added |
| Deutsche Bank AG | 672 | $286.3K | 0.00% | +253+60.4% | Added |
| Squarepoint Ops LLC | 663 | $282.5K | 0.00% | +663 | New |
| Wells Fargo & Company | 593 | $252.6K | 0.00% | +308+108.1% | Added |
| Canada Pension Plan Investment Board | 560 | $238.6K | 0.00% | +560 | New |
| Price T Rowe Associates Inc | 482 | $206.0K | 0.00% | +482 | New |
| MetLife Investment Management | 441 | $187.9K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 428 | $182.3K | 0.00% | +325+315.5% | Added |
| New York State Common Retirement Fund | 426 | $181.5K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 392 | $167.0K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 378 | $161.0K | 0.00% | +63+20.0% | Added |
| State of Alaska, Department of Revenue | 353 | $150.0K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement Association of Colorado | 320 | $136.0K | 0.00% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 315 | $134.2K | 0.00% | −10−3.1% | Reduced |
| SG Americas Securities, LLC | 306 | $130.0K | 0.00% | −1,211−79.8% | Reduced |
| BNP Paribas Arbitrage, SA | 226 | $96.3K | 0.00% | +64+39.5% | Added |
| Police & Firemen's Retirement System of New Jersey | 171 | $72.9K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 133 | $56.8K | 0.00% | −103−43.6% | Reduced |
| Royal Bank of Canada | 112 | $48.0K | 0.00% | +26+30.2% | Added |
| Vanguard Global Advisers, LLC | 108 | $46.0K | 0.00% | −55−33.7% | Reduced |
| Rockefeller Capital Management L.P. | 85 | $36.2K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 79 | $33.7K | 0.00% | +14+21.5% | Added |
| Signaturefd, LLC | 74 | $31.5K | 0.00% | +74 | New |
| Fifth Third Bancorp | 70 | $29.8K | 0.00% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 67 | $27.1K | 0.00% | −76−53.1% | Reduced |
| Ameritas Investment Partners, Inc. | 56 | $23.9K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 50 | $21.3K | 0.00% | 00.0% | Unchanged |
| Sims Investment Management, LLC | 50 | $21.3K | 0.01% | +50 | New |
| Tower Research Capital LLC (TRC) | 46 | $19.6K | 0.00% | −26−36.1% | Reduced |
| Hoey Investments, Inc | 39 | $16.6K | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 31 | $13.2K | 0.00% | +29+1,450.0% | Added |
| Global Retirement Partners, LLC | 31 | $13.2K | 0.00% | +31 | New |
| Farther Finance Advisors, LLC | 27 | $11.6K | 0.00% | −5−15.6% | Reduced |
| North Star Investment Management Corp. | 26 | $11.1K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 24 | $10.2K | 0.00% | −9−27.3% | Reduced |
| MPWM Advisory Solutions, LLC | 20 | $8.52K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 15 | $6.39K | 0.00% | +11+275.0% | Added |
| UBS Asset Management Americas Inc | 13 | $5.54K | 0.00% | −2,960−99.6% | Reduced |
| Advisor Group Holdings, Inc. | 13 | $5.54K | 0.00% | −449−97.2% | Reduced |
| EverSource Wealth Advisors, LLC | 12 | $5.11K | 0.00% | +1+9.1% | Added |
| US Bancorp | 12 | $5.11K | 0.00% | +12 | New |
| Northwestern Mutual Wealth Management Co | 11 | $4.69K | 0.00% | 00.0% | Unchanged |
| California State Teachers Retirement System | 9 | $3.83K | 0.00% | −28−75.7% | Reduced |
| SRS Capital Advisors, Inc. | 8 | $3.41K | 0.00% | +8 | New |