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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, Q3 2021

Institutional positions in Biglari Holdings Inc. as of Sep 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
76
+4 vs. Q2 2021
Shares held
1.69M
+5.38K (+0.3%) vs. Q2 2021
Total value
$289.8M
+$21.7M (+8.1%) vs. Q2 2021
New holders
10
18 more added
Sold out
6
26 more reduced

Compare with Q2 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 holdersQ3 2021: 76 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 heldQ3 2021: $289.8M
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, Q3 2021

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q2 2021.

Institutions holding BH in Q3 2021
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.1,288,077$221.3M30.43%+12,937+1.0%Added
Dimensional Fund Advisors LP76,396$13.1M0.00%−248−0.3%Reduced
BlackRock Inc.60,486$10.4M0.00%−3,235−5.1%Reduced
Vanguard Group Inc28,261$4.86M0.00%−1,167−4.0%Reduced
Arrowstreet Capital, Limited Partnership16,291$2.80M0.00%00.0%Unchanged
State Street Corp15,696$2.70M0.00%−780−4.7%Reduced
Prudential Financial Inc14,836$2.55M0.00%+190+1.3%Added
Nuveen Asset Management, LLC15,858$2.50M0.00%−494−3.0%Reduced
Geode Capital Management, LLC13,954$2.40M0.00%−80−0.6%Reduced
Bridgeway Capital Management, LLC12,900$2.22M0.04%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.12,774$2.19M0.01%00.0%Unchanged
Northern Trust Corp9,277$1.59M0.00%−847−8.4%Reduced
Two Sigma Advisers, LP7,559$1.30M0.00%−300−3.8%Reduced
Morgan Stanley7,489$1.29M0.00%−2,275−23.3%Reduced
D. E. Shaw & Co., Inc.7,378$1.27M0.00%−14−0.2%Reduced
Jacobs Levy Equity Management, Inc6,917$1.19M0.01%+2,934+73.7%Added
Wells Fargo & Company6,466$1.11M0.00%+6,418+13,370.8%Added
LSV Asset Management6,410$1.10M0.00%00.0%Unchanged
Assenagon Asset Management S.A.5,826$1.00M0.00%+1,506+34.9%Added
Millennium Management LLC5,397$927.0K0.00%+816+17.8%Added
Martingale Asset Management L P5,073$872.0K0.01%−230−4.3%Reduced
Los Angeles Capital Management LLC5,057$869.0K0.00%−500−9.0%Reduced
Two Sigma Investments, LP4,852$834.0K0.00%+1,690+53.4%Added
STRS Ohio4,500$773.0K0.00%00.0%Unchanged
Renaissance Technologies LLC3,964$681.0K0.00%−1,022−20.5%Reduced
Bank of New York Mellon Corp3,907$671.0K0.00%+175+4.7%Added
Winton Group Ltd3,423$588.0K0.03%+310+10.0%Added
O'Shaughnessy Asset Management, LLC3,252$559.0K0.01%+2,388+276.4%Added
Exchange Traded Concepts, LLC3,026$520.0K0.01%+75+2.5%Added
Marquette Asset Management, LLC3,000$515.0K0.12%00.0%Unchanged
Invesco Ltd.2,656$457.0K0.00%+227+9.3%Added
Deutsche Bank AG2,550$438.0K0.00%−10−0.4%Reduced
Janney Montgomery Scott LLC2,319$398.0K0.00%+564+32.1%Added
State of Tennessee, Treasury Department2,053$353.0K0.00%+100+5.1%Added
Panagora Asset Management Inc1,859$319.0K0.00%00.0%Unchanged
Charles Schwab Investment Management Inc1,721$296.0K0.00%−4,743−73.4%Reduced
Ergoteles LLC557$295.0K0.01%−13−2.3%Reduced
Barclays PLC1,457$251.0K0.00%−1,611−52.5%Reduced
AQR Capital Management LLC1,305$224.0K0.00%+1,305New
Rhumbline Advisers1,286$221.0K0.00%−95−6.9%Reduced
Parametric Portfolio Associates LLC1,272$219.0K0.00%+1,272New
Trexquant Investment LP1,233$212.0K0.02%+1,233New
State of Wisconsin Investment Board1,200$206.0K0.00%+1,200New
SG Americas Securities, LLC898$154.0K0.00%+898New
Russell Investments Group, Ltd.890$152.0K0.00%00.0%Unchanged
New York State Common Retirement Fund685$118.0K0.00%−602−46.8%Reduced
JPMorgan Chase & Co635$109.0K0.00%−573−47.4%Reduced
California State Teachers Retirement System499$86.0K0.00%−631−55.8%Reduced
American International Group, Inc.443$76.0K0.00%−11−2.4%Reduced
Public Employees Retirement Association of Colorado398$68.0K0.00%00.0%Unchanged
Bank of America Corp351$61.0K0.00%−242−40.8%Reduced
Acadian Asset Management LLC354$60.0K0.00%−317−47.2%Reduced
KBC Group NV314$54.0K0.00%00.0%Unchanged
Dorsey Wright & Associates280$48.0K0.01%+280New
BNP Paribas Arbitrage, SA227$39.0K0.00%−53−18.9%Reduced
Meeder Asset Management Inc182$32.0K0.00%+169+1,300.0%Added
Royal Bank of Canada130$23.0K0.00%+61+88.4%Added
TCI Wealth Advisors, Inc.109$19.0K0.00%+109New
Citigroup Inc93$16.0K0.00%+55+144.7%Added
Ameritas Investment Partners, Inc.80$14.0K0.00%00.0%Unchanged
Legal & General Group Plc65$11.0K0.00%00.0%Unchanged
Larson Financial Group LLC50$9.00K0.00%00.0%Unchanged
Captrust Financial Advisors45$8.00K0.00%+1+2.3%Added
Tower Research Capital LLC (TRC)31$5.00K0.00%−386−92.6%Reduced
Graves-Light Private Wealth Management, Inc.29$5.00K0.00%+29New
Bartlett & Co. Wealth Management LLC25$4.29K0.00%00.0%Unchanged
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
Advisor Group Holdings, Inc.18$3.00K0.00%00.0%Unchanged
Country Trust Bank5$1.00K0.00%00.0%Unchanged
First Horizon Advisors, Inc.7$1.00K0.00%00.0%Unchanged
Berman Capital Advisors, LLC7$1.00K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.10$1.00K0.00%+10New
M&R Capital Management Inc5$00.00%00.0%Unchanged
Strategic Asset Management, LLC1$00.00%+1New
Gamco Investors, Inc. Et Al0$00.00%−6,000−100.0%Sold out
Marshall Wace, LLP0$00.00%−3,476−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−1,339−100.0%Sold out
Lazard Asset Management LLC0$00.00%−205−100.0%Sold out
Harbour Investments, Inc.0$00.00%−78−100.0%Sold out
Ellevest, Inc.0$00.00%−1−100.0%Sold out