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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 2022

Institutional positions in Biglari Holdings Inc. as of Sep 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
56
−6 vs. Q2 2022
Shares held
1.64M
−15.2K (−0.9%) vs. Q2 2022
Total value
$189.0M
−$13.5M (−6.7%) vs. Q2 2022
New holders
3
15 more added
Sold out
9
18 more reduced

1 institution that held it in Q2 2022 haven't filed for Q3 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2022: 56 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 2022: $189.0M
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 2022

Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q2 2022.

Institutions holding BH in Q3 2022
InstitutionSharesValue% of portfolioChange in sharesAction
Biglari Capital Corp.1,327,853$153.5M29.03%00.0%Unchanged
Dimensional Fund Advisors LP81,016$9.37M0.00%+1,536+1.9%Added
BlackRock Inc.56,248$6.50M0.00%−524−0.9%Reduced
Vanguard Group Inc28,644$3.31M0.00%−434−1.5%Reduced
Nuveen Asset Management, LLC14,388$1.66M0.00%+160+1.1%Added
Prudential Financial Inc14,014$1.62M0.00%−200−1.4%Reduced
State Street Corp13,549$1.57M0.00%+259+1.9%Added
Bridgeway Capital Management, LLC12,900$1.49M0.04%00.0%Unchanged
Geode Capital Management, LLC12,668$1.46M0.00%−1,495−10.6%Reduced
Connor, Clark & Lunn Investment Management Ltd.11,756$1.36M0.01%−200−1.7%Reduced
Bank of New York Mellon Corp8,226$951.0K0.00%+549+7.2%Added
Northern Trust Corp8,198$947.0K0.00%−120−1.4%Reduced
D. E. Shaw & Co., Inc.7,444$861.0K0.00%00.0%Unchanged
Goldman Sachs Group Inc5,083$588.0K0.00%+14+0.3%Added
STRS Ohio4,200$485.0K0.00%00.0%Unchanged
Los Angeles Capital Management LLC3,656$423.0K0.00%−1,281−25.9%Reduced
Millennium Management LLC3,260$377.0K0.00%+363+12.5%Added
Marquette Asset Management, LLC3,000$347.0K0.11%00.0%Unchanged
Martingale Asset Management L P2,802$324.0K0.01%−861−23.5%Reduced
O'Shaughnessy Asset Management, LLC2,583$299.0K0.01%−1,543−37.4%Reduced
Two Sigma Advisers, LP2,159$250.0K0.00%−2,200−50.5%Reduced
Charles Schwab Investment Management Inc2,134$247.0K0.00%00.0%Unchanged
Morgan Stanley1,897$219.0K0.00%+602+46.5%Added
Russell Investments Group, Ltd.1,190$136.0K0.00%00.0%Unchanged
Barclays PLC1,147$133.0K0.00%−6−0.5%Reduced
Allspring Global Investments Holdings, LLC777$89.0K0.00%−310−28.5%Reduced
New York State Common Retirement Fund687$79.0K0.00%+2+0.3%Added
JPMorgan Chase & Co553$64.0K0.00%+41+8.0%Added
Public Employees Retirement Association of Colorado398$46.0K0.00%00.0%Unchanged
American International Group, Inc.350$40.0K0.00%+5+1.4%Added
BNP Paribas Arbitrage, SA342$39.5K0.00%+153+81.0%Added
Deutsche Bank AG337$39.0K0.00%−41−10.8%Reduced
California State Teachers Retirement System291$34.0K0.00%−24−7.6%Reduced
Gladius Capital Management LP292$34.0K0.01%+292New
Bank of America Corp270$31.0K0.00%+166+159.6%Added
Tower Research Capital LLC (TRC)202$23.0K0.00%+70+53.0%Added
Acadian Asset Management LLC98$11.0K0.00%−297−75.2%Reduced
Amalgamated Bank96$11.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.80$9.00K0.00%00.0%Unchanged
Legal & General Group Plc65$8.00K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC60$8.00K0.00%+60New
Royal Bank of Canada60$7.00K0.00%+5+9.1%Added
Larson Financial Group LLC50$6.00K0.00%00.0%Unchanged
Wells Fargo & Company32$3.00K0.00%−8−20.0%Reduced
North Star Investment Management Corp.26$3.00K0.00%00.0%Unchanged
Bartlett & Co. LLC25$3.00K0.00%00.0%Unchanged
Bartlett & Co. Wealth Management LLC25$2.89K0.00%00.0%Unchanged
Citigroup Inc12$1.00K0.00%−50−80.6%Reduced
Column Capital Advisors, LLC10$1.00K0.00%−13−56.5%Reduced
Advisor Group Holdings, Inc.5$1.00K0.00%00.0%Unchanged
FMR LLC8$1.00K0.00%+4+100.0%Added
The PNC Financial Services Group, Inc.6$1.00K0.00%+6New
Credit Suisse AG3$00.00%00.0%Unchanged
Salem Investment Counselors Inc1$00.00%00.0%Unchanged
M&R Capital Management Inc5$00.00%00.0%Unchanged
Strategic Asset Management, LLC1$00.00%00.0%Unchanged
State of Tennessee, Treasury Department0$00.00%−2,153−100.0%Sold out
Jacobs Levy Equity Management, Inc0$00.00%−2,106−100.0%Sold out
Jane Street Group, LLC0$00.00%−1,920−100.0%Sold out
Ritholtz Wealth Management0$00.00%−1,689−100.0%Sold out
LSV Asset Management0$00.00%−1,679−100.0%Sold out
Lazard Asset Management LLC0$00.00%−309−100.0%Sold out
Captrust Financial Advisors0$00.00%−36−100.0%Sold out
Capital Advisors, Ltd. LLC0$00.00%−6−100.0%Sold out
Ellevest, Inc.0$00.00%−2−100.0%Sold out
Dorsey Wright & Associates––––Not filed