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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 2021

Institutional positions in Biglari Holdings Inc. as of Jun 30, 2021. 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
72
+2 vs. Q1 2021
Shares held
1.68M
−21.1K (−1.2%) vs. Q1 2021
Total value
$268.1M
+$42.1M (+18.6%) vs. Q1 2021
New holders
9
17 more added
Sold out
7
28 more reduced

Compare with Q1 2021: 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.

Institutional holdersQ2 2021: 72 institutions
Q1 2021: 70 institutionsQ2 2021: 72 institutionsQ3 2021: 76 institutionsQ4 2021: 65 institutionsQ1 2022: 67 institutionsQ2 2022: 63 institutionsQ3 2022: 56 institutionsQ4 2022: 60 institutionsQ1 2023: 72 institutionsQ2 2023: 72 institutionsQ3 2023: 67 institutionsQ4 2023: 68 institutionsQ1 2024: 68 institutionsQ2 2024: 72 institutionsQ3 2024: 69 institutionsQ4 2024: 75 institutionsQ1 2025: 75 institutionsQ2 2025: 92 institutionsQ3 2025: 97 institutionsQ4 2025: 106 institutionsQ1 2026: 116 institutionsQ2 2026: 113 institutions
Value heldQ2 2021: $268.1M
Q1 2021: $226.0MQ2 2021: $268.1MQ3 2021: $289.8MQ4 2021: $244.7MQ1 2022: $243.1MQ2 2022: $202.5MQ3 2022: $189.0MQ4 2022: $226.8MQ1 2023: $279.2MQ2 2023: $330.1MQ3 2023: $275.8MQ4 2023: $278.2MQ1 2024: $320.7MQ2 2024: $328.7MQ3 2024: $293.0MQ4 2024: $454.5MQ1 2025: $389.0MQ2 2025: $534.5MQ3 2025: $612.7MQ4 2025: $642.0MQ1 2026: $652.9MQ2 2026: $850.5M
Institutions holding BH and their total value by quarter
QuarterHoldersValue
Q2 2026113$850.5M
Q1 2026116$652.9M
Q4 2025106$642.0M
Q3 202597$612.7M
Q2 202592$534.5M
Q1 202575$389.0M
Q4 202475$454.5M
Q3 202469$293.0M
Q2 202472$328.7M
Q1 202468$320.7M
Q4 202368$278.2M
Q3 202367$275.8M
Q2 202372$330.1M
Q1 202372$279.2M
Q4 202260$226.8M
Q3 202256$189.0M
Q2 202263$202.5M
Q1 202267$243.1M
Q4 202165$244.7M
Q3 202176$289.8M
Q2 202172$268.1M
Q1 202170$226.0M

Institutions, Q2 2021

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2021.

Institutions holding BH in Q2 2021
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.1,275,140$203.3M28.81%+19,311+1.5%Added
Dimensional Fund Advisors LP76,644$12.2M0.00%−1,017−1.3%Reduced
BlackRock Inc.63,721$10.2M0.00%−18,190−22.2%Reduced
Vanguard Group Inc29,428$4.69M0.00%−9,393−24.2%Reduced
State Street Corp16,476$2.63M0.00%−93−0.6%Reduced
Nuveen Asset Management, LLC16,352$2.61M0.00%−3,615−18.1%Reduced
Arrowstreet Capital, Limited Partnership16,291$2.60M0.00%00.0%Unchanged
Prudential Financial Inc14,646$2.33M0.00%−2,244−13.3%Reduced
Geode Capital Management, LLC14,034$2.24M0.00%−206−1.4%Reduced
Bridgeway Capital Management, LLC12,900$2.06M0.04%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.12,774$2.04M0.01%+101+0.8%Added
Northern Trust Corp10,124$1.61M0.00%−1,284−11.3%Reduced
Morgan Stanley9,764$1.56M0.00%+1,569+19.1%Added
Two Sigma Advisers, LP7,859$1.25M0.00%+7,859New
D. E. Shaw & Co., Inc.7,392$1.18M0.00%+19+0.3%Added
Charles Schwab Investment Management Inc6,464$1.03M0.00%−118−1.8%Reduced
LSV Asset Management6,410$1.02M0.00%+2,169+51.1%Added
Gamco Investors, Inc. Et Al6,000$957.0K0.01%−4,792−44.4%Reduced
Los Angeles Capital Management LLC5,557$886.0K0.00%+2,620+89.2%Added
Martingale Asset Management L P5,303$846.0K0.01%−299−5.3%Reduced
Renaissance Technologies LLC4,986$795.0K0.00%−340−6.4%Reduced
Millennium Management LLC4,581$731.0K0.00%+1,730+60.7%Added
STRS Ohio4,500$717.0K0.00%+400+9.8%Added
Assenagon Asset Management S.A.4,320$689.0K0.00%00.0%Unchanged
Jacobs Levy Equity Management, Inc3,983$635.0K0.00%−660−14.2%Reduced
Bank of New York Mellon Corp3,732$595.0K0.00%−279−7.0%Reduced
Marshall Wace, LLP3,476$554.0K0.00%+1,586+83.9%Added
Two Sigma Investments, LP3,162$504.0K0.00%+3,162New
Winton Group Ltd3,113$496.0K0.03%+308+11.0%Added
Barclays PLC3,068$489.0K0.00%−1,207−28.2%Reduced
Marquette Asset Management, LLC3,000$478.0K0.11%00.0%Unchanged
Exchange Traded Concepts, LLC2,951$471.0K0.01%−446−13.1%Reduced
Deutsche Bank AG2,560$408.0K0.00%−116−4.3%Reduced
Invesco Ltd.2,429$388.0K0.00%+148+6.5%Added
State of Tennessee, Treasury Department1,953$311.0K0.00%00.0%Unchanged
Panagora Asset Management Inc1,859$296.0K0.00%−2,745−59.6%Reduced
Janney Montgomery Scott LLC1,755$280.0K0.00%00.0%Unchanged
Rhumbline Advisers1,381$220.0K0.00%−260−15.8%Reduced
Susquehanna International Group, LLP1,339$214.0K0.00%+1,339New
New York State Common Retirement Fund1,287$205.0K0.00%+7+0.5%Added
JPMorgan Chase & Co1,208$193.0K0.00%−1,641−57.6%Reduced
California State Teachers Retirement System1,130$180.0K0.00%−260−18.7%Reduced
Russell Investments Group, Ltd.890$141.0K0.00%00.0%Unchanged
O'Shaughnessy Asset Management, LLC864$138.0K0.00%+197+29.5%Added
Acadian Asset Management LLC671$107.0K0.00%+354+111.7%Added
Bank of America Corp593$94.0K0.00%−596−50.1%Reduced
Ergoteles LLC570$91.0K0.00%+570New
American International Group, Inc.454$72.0K0.00%−84−15.6%Reduced
Tower Research Capital LLC (TRC)417$66.0K0.00%+279+202.2%Added
Public Employees Retirement Association of Colorado398$63.0K0.00%00.0%Unchanged
KBC Group NV314$50.0K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA280$44.7K0.00%−289−50.8%Reduced
Lazard Asset Management LLC205$32.0K0.00%+205New
Ameritas Investment Partners, Inc.80$13.0K0.00%00.0%Unchanged
Harbour Investments, Inc.78$12.0K0.00%00.0%Unchanged
Royal Bank of Canada69$11.0K0.00%+55+392.9%Added
Legal & General Group Plc65$10.0K0.00%−28−30.1%Reduced
Wells Fargo & Company48$8.00K0.00%−5,693−99.2%Reduced
Larson Financial Group LLC50$8.00K0.00%00.0%Unchanged
Captrust Financial Advisors44$7.00K0.00%−1−2.2%Reduced
Citigroup Inc38$6.00K0.00%−39−50.6%Reduced
North Star Investment Management Corp.26$4.00K0.00%00.0%Unchanged
Bartlett & Co. LLC25$4.00K0.00%00.0%Unchanged
Column Capital Advisors, LLC23$4.00K0.00%00.0%Unchanged
Bartlett & Co. Wealth Management LLC25$3.99K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.18$3.00K0.00%+13+260.0%Added
Meeder Asset Management Inc13$2.00K0.00%+13New
Country Trust Bank5$1.00K0.00%00.0%Unchanged
First Horizon Advisors, Inc.7$1.00K0.00%+7New
Berman Capital Advisors, LLC7$1.00K0.00%+7New
M&R Capital Management Inc5$00.00%00.0%Unchanged
Ellevest, Inc.1$00.00%+1New
Gsa Capital Partners LLP0$00.00%−4,919−100.0%Sold out
AQR Capital Management LLC0$00.00%−2,149−100.0%Sold out
California Public Employees Retirement System0$00.00%−1,900−100.0%Sold out
UBS Group AG0$00.00%−131−100.0%Sold out
Credit Agricole S A0$00.00%−36−100.0%Sold out
Bank of Montreal0$00.00%−20−100.0%Sold out
Federated Hermes, Inc.0$00.00%−12−100.0%Sold out