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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, Q1 2022

Institutional positions in Biglari Holdings Inc. as of Mar 31, 2022. 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
67
+2 vs. Q4 2021
Shares held
1.68M
−35.3K (−2.1%) vs. Q4 2021
Total value
$243.1M
−$1.53M (−0.6%) vs. Q4 2021
New holders
10
9 more added
Sold out
8
32 more reduced

Compare with Q4 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 holdersQ1 2022: 67 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 heldQ1 2022: $243.1M
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, Q1 2022

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q4 2021.

Institutions holding BH in Q1 2022
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.1,327,853$192.0M28.64%00.0%Unchanged
Dimensional Fund Advisors LP77,478$11.2M0.00%+210+0.3%Added
BlackRock Inc.57,958$8.38M0.00%−1,805−3.0%Reduced
Vanguard Group Inc29,361$4.25M0.00%−40.0%Reduced
Nuveen Asset Management, LLC15,420$2.35M0.00%+8+0.1%Added
State Street Corp14,188$2.05M0.00%−482−3.3%Reduced
Geode Capital Management, LLC13,943$2.02M0.00%+626+4.7%Added
Prudential Financial Inc13,684$1.98M0.00%−33−0.2%Reduced
Bridgeway Capital Management, LLC12,900$1.86M0.04%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.12,754$1.84M0.01%−20−0.2%Reduced
Bank of New York Mellon Corp9,285$1.34M0.00%+454+5.1%Added
Northern Trust Corp8,825$1.28M0.00%−442−4.8%Reduced
D. E. Shaw & Co., Inc.7,462$1.08M0.00%+14+0.2%Added
Two Sigma Advisers, LP6,349$918.0K0.00%−2,310−26.7%Reduced
LSV Asset Management5,700$824.0K0.00%−710−11.1%Reduced
Goldman Sachs Group Inc5,069$733.0K0.00%+5,069New
Los Angeles Capital Management LLC5,057$731.0K0.00%00.0%Unchanged
Martingale Asset Management L P4,263$617.0K0.01%−100−2.3%Reduced
STRS Ohio4,200$607.0K0.00%−600−12.5%Reduced
O'Shaughnessy Asset Management, LLC4,133$598.0K0.01%+1,306+46.2%Added
Arrowstreet Capital, Limited Partnership4,053$586.0K0.00%−9,037−69.0%Reduced
Exchange Traded Concepts, LLC3,465$501.0K0.01%−250−6.7%Reduced
Two Sigma Investments, LP3,425$495.0K0.00%−3,066−47.2%Reduced
Jacobs Levy Equity Management, Inc3,095$448.0K0.00%−2,932−48.6%Reduced
Marquette Asset Management, LLC3,000$434.0K0.10%00.0%Unchanged
Millennium Management LLC2,481$359.0K0.00%−1,459−37.0%Reduced
Charles Schwab Investment Management Inc2,394$347.0K0.00%+673+39.1%Added
Allspring Global Investments Holdings, LLC2,280$329.0K0.00%−2,041−47.2%Reduced
Assenagon Asset Management S.A.2,172$314.0K0.00%−1,364−38.6%Reduced
State of Tennessee, Treasury Department2,153$311.0K0.00%00.0%Unchanged
Renaissance Technologies LLC2,046$296.0K0.00%−1,230−37.5%Reduced
State of Wisconsin Investment Board1,900$275.0K0.00%+100+5.6%Added
Ritholtz Wealth Management1,757$254.0K0.02%+1,757New
Wells Fargo & Company1,411$204.0K0.00%−2,475−63.7%Reduced
Barclays PLC1,247$180.0K0.00%−853−40.6%Reduced
JPMorgan Chase & Co1,028$149.0K0.00%−652−38.8%Reduced
BNP Paribas Arbitrage, SA969$140.1K0.00%−509−34.4%Reduced
Russell Investments Group, Ltd.890$128.0K0.00%00.0%Unchanged
Morgan Stanley714$103.0K0.00%−5,186−87.9%Reduced
New York State Common Retirement Fund687$99.0K0.00%00.0%Unchanged
Deutsche Bank AG440$64.0K0.00%−2,140−82.9%Reduced
Public Employees Retirement Association of Colorado398$58.0K0.00%00.0%Unchanged
American International Group, Inc.394$57.0K0.00%−44−10.0%Reduced
California State Teachers Retirement System348$50.0K0.00%−81−18.9%Reduced
Dorsey Wright & Associates294$43.0K0.01%−36−10.9%Reduced
Meeder Asset Management Inc224$32.0K0.00%−2−0.9%Reduced
Bank of America Corp204$29.0K0.00%−430−67.8%Reduced
Lazard Asset Management LLC198$28.0K0.00%+198New
Royal Bank of Canada101$14.0K0.00%−35−25.7%Reduced
Tower Research Capital LLC (TRC)99$14.0K0.00%+24+32.0%Added
Amalgamated Bank97$14.0K0.00%+97New
Amalgamated Financial Corp.97$14.0K0.00%+97New
Ameritas Investment Partners, Inc.80$12.0K0.00%00.0%Unchanged
FMR LLC66$10.0K0.00%+66New
Legal & General Group Plc65$9.00K0.00%00.0%Unchanged
Larson Financial Group LLC50$7.00K0.00%00.0%Unchanged
Ellevest, Inc.45$7.00K0.00%+45New
Citigroup Inc35$5.00K0.00%−172−83.1%Reduced
Captrust Financial Advisors36$5.00K0.00%−9−20.0%Reduced
North Star Investment Management Corp.26$4.00K0.00%00.0%Unchanged
Bartlett & Co. LLC25$4.00K0.00%+25New
TCI Wealth Advisors, Inc.30$4.00K0.00%+30New
Bartlett & Co. Wealth Management LLC25$3.62K0.00%+25New
Column Capital Advisors, LLC23$3.00K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.18$3.00K0.00%00.0%Unchanged
M&R Capital Management Inc5$00.00%00.0%Unchanged
Strategic Asset Management, LLC1$00.00%00.0%Unchanged
Janney Montgomery Scott LLC0$00.00%−2,342−100.0%Sold out
Invesco Ltd.0$00.00%−2,079−100.0%Sold out
UBS Group AG0$00.00%−851−100.0%Sold out
KBC Group NV0$00.00%−314−100.0%Sold out
Acadian Asset Management LLC0$00.00%−12−100.0%Sold out
Country Trust Bank0$00.00%−5−100.0%Sold out
First Horizon Advisors, Inc.0$00.00%−7−100.0%Sold out
Rockefeller Capital Management L.P.0$00.00%−4−100.0%Sold out