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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 2022

Institutional positions in Biglari Holdings Inc. as of Jun 30, 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
63
−3 vs. Q1 2022
Shares held
1.65M
−29.7K (−1.8%) vs. Q1 2022
Total value
$202.5M
−$40.6M (−16.7%) vs. Q1 2022
New holders
5
9 more added
Sold out
8
32 more reduced

1 institution that held it in Q1 2022 haven't filed for Q2 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2022: 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 2022: 63 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 2022: $202.5M
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 2022

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2022.

Institutions holding BH in Q2 2022
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.1,327,853$162.9M34.18%00.0%Unchanged
Dimensional Fund Advisors LP79,480$9.75M0.00%+2,002+2.6%Added
BlackRock Inc.56,772$6.96M0.00%−1,186−2.0%Reduced
Vanguard Group Inc29,078$3.57M0.00%−283−1.0%Reduced
Nuveen Asset Management, LLC14,228$1.75M0.00%−1,192−7.7%Reduced
Prudential Financial Inc14,214$1.74M0.00%+530+3.9%Added
Geode Capital Management, LLC14,163$1.74M0.00%+220+1.6%Added
State Street Corp13,290$1.63M0.00%−898−6.3%Reduced
Bridgeway Capital Management, LLC12,900$1.58M0.04%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.11,956$1.47M0.01%−798−6.3%Reduced
Northern Trust Corp8,318$1.02M0.00%−507−5.7%Reduced
Bank of New York Mellon Corp7,677$942.0K0.00%−1,608−17.3%Reduced
D. E. Shaw & Co., Inc.7,444$913.0K0.00%−18−0.2%Reduced
Goldman Sachs Group Inc5,069$622.0K0.00%00.0%Unchanged
Los Angeles Capital Management LLC4,937$606.0K0.00%−120−2.4%Reduced
Two Sigma Advisers, LP4,359$535.0K0.00%−1,990−31.3%Reduced
STRS Ohio4,200$515.0K0.00%00.0%Unchanged
O'Shaughnessy Asset Management, LLC4,126$506.0K0.01%−7−0.2%Reduced
Martingale Asset Management L P3,663$450.0K0.01%−600−14.1%Reduced
Marquette Asset Management, LLC3,000$368.0K0.10%00.0%Unchanged
Millennium Management LLC2,897$355.0K0.00%+416+16.8%Added
State of Tennessee, Treasury Department2,153$264.0K0.00%00.0%Unchanged
Charles Schwab Investment Management Inc2,134$262.0K0.00%−260−10.9%Reduced
Jacobs Levy Equity Management, Inc2,106$258.0K0.00%−989−32.0%Reduced
Jane Street Group, LLC1,920$236.0K0.00%+1,920New
Ritholtz Wealth Management1,689$207.0K0.01%−68−3.9%Reduced
LSV Asset Management1,679$206.0K0.00%−4,021−70.5%Reduced
Morgan Stanley1,295$158.0K0.00%+581+81.4%Added
Russell Investments Group, Ltd.1,190$145.0K0.00%+300+33.7%Added
Barclays PLC1,153$142.0K0.00%−94−7.5%Reduced
Allspring Global Investments Holdings, LLC1,087$133.0K0.00%−1,193−52.3%Reduced
New York State Common Retirement Fund685$84.0K0.00%−2−0.3%Reduced
JPMorgan Chase & Co512$62.0K0.00%−516−50.2%Reduced
Public Employees Retirement Association of Colorado398$49.0K0.00%00.0%Unchanged
Acadian Asset Management LLC395$49.0K0.00%+395New
Deutsche Bank AG378$46.0K0.00%−62−14.1%Reduced
American International Group, Inc.345$42.0K0.00%−49−12.4%Reduced
California State Teachers Retirement System315$39.0K0.00%−33−9.5%Reduced
Lazard Asset Management LLC309$37.0K0.00%+111+56.1%Added
Dorsey Wright & Associates276$34.0K0.01%−18−6.1%Reduced
BNP Paribas Arbitrage, SA189$23.2K0.00%−780−80.5%Reduced
Tower Research Capital LLC (TRC)132$16.0K0.00%+33+33.3%Added
Bank of America Corp104$12.0K0.00%−100−49.0%Reduced
Amalgamated Bank96$12.0K0.00%−1−1.0%Reduced
Ameritas Investment Partners, Inc.80$9.00K0.00%00.0%Unchanged
Legal & General Group Plc65$8.00K0.00%00.0%Unchanged
Citigroup Inc62$8.00K0.00%+27+77.1%Added
Royal Bank of Canada55$6.00K0.00%−46−45.5%Reduced
Larson Financial Group LLC50$6.00K0.00%00.0%Unchanged
Wells Fargo & Company40$5.00K0.00%−1,371−97.2%Reduced
Captrust Financial Advisors36$4.00K0.00%00.0%Unchanged
Bartlett & Co. Wealth Management LLC25$3.07K0.00%00.0%Unchanged
North Star Investment Management Corp.26$3.00K0.00%00.0%Unchanged
Bartlett & Co. LLC25$3.00K0.00%00.0%Unchanged
Column Capital Advisors, LLC23$3.00K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.5$1.00K0.00%−13−72.2%Reduced
Capital Advisors, Ltd. LLC6$1.00K0.00%+6New
FMR LLC4$00.00%−62−93.9%Reduced
Ellevest, Inc.2$00.00%−43−95.6%Reduced
M&R Capital Management Inc5$00.00%00.0%Unchanged
Strategic Asset Management, LLC1$00.00%00.0%Unchanged
Credit Suisse AG3$00.00%+3New
Salem Investment Counselors Inc1$00.00%+1New
Arrowstreet Capital, Limited Partnership0$00.00%−4,053−100.0%Sold out
Exchange Traded Concepts, LLC0$00.00%−3,465−100.0%Sold out
Two Sigma Investments, LP0$00.00%−3,425−100.0%Sold out
Assenagon Asset Management S.A.0$00.00%−2,172−100.0%Sold out
Renaissance Technologies LLC0$00.00%−2,046−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−1,900−100.0%Sold out
Meeder Asset Management Inc0$00.00%−224−100.0%Sold out
TCI Wealth Advisors, Inc.0$00.00%−30−100.0%Sold out
Amalgamated Financial Corp.––––Not filed