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, Q4 2022
Institutional positions in Biglari Holdings Inc. as of Dec 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
- 60
- +5 vs. Q3 2022
- Shares held
- 1.63M
- −921 (−0.1%) vs. Q3 2022
- Total value
- $226.8M
- +$37.8M (+20.0%) vs. Q3 2022
- New holders
- 7
- 16 more added
- Sold out
- 2
- 19 more reduced
1 institution that held it in Q3 2022 haven't filed for Q4 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 113 | $850.5M |
| Q1 2026 | 116 | $652.9M |
| Q4 2025 | 106 | $642.0M |
| Q3 2025 | 97 | $612.7M |
| Q2 2025 | 92 | $534.5M |
| Q1 2025 | 75 | $389.0M |
| Q4 2024 | 75 | $454.5M |
| Q3 2024 | 69 | $293.0M |
| Q2 2024 | 72 | $328.7M |
| Q1 2024 | 68 | $320.7M |
| Q4 2023 | 68 | $278.2M |
| Q3 2023 | 67 | $275.8M |
| Q2 2023 | 72 | $330.1M |
| Q1 2023 | 72 | $279.2M |
| Q4 2022 | 60 | $226.8M |
| Q3 2022 | 56 | $189.0M |
| Q2 2022 | 63 | $202.5M |
| Q1 2022 | 67 | $243.1M |
| Q4 2021 | 65 | $244.7M |
| Q3 2021 | 76 | $289.8M |
| Q2 2021 | 72 | $268.1M |
| Q1 2021 | 70 | $226.0M |
Institutions, Q4 2022
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q3 2022.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,327,853 | $184.3M | 31.61% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 83,112 | $11.5M | 0.00% | +2,096+2.6% | Added |
| BlackRock Inc. | 57,466 | $7.98M | 0.00% | +1,218+2.2% | Added |
| Vanguard Group Inc | 28,730 | $3.99M | 0.00% | +86+0.3% | Added |
| Nuveen Asset Management, LLC | 13,853 | $1.92M | 0.00% | −535−3.7% | Reduced |
| State Street Corp | 13,295 | $1.85M | 0.00% | −254−1.9% | Reduced |
| Bridgeway Capital Management, LLC | 12,900 | $1.79M | 0.05% | 00.0% | Unchanged |
| Prudential Financial Inc | 12,894 | $1.79M | 0.00% | −1,120−8.0% | Reduced |
| Geode Capital Management, LLC | 12,634 | $1.75M | 0.00% | −34−0.3% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 11,854 | $1.65M | 0.01% | +98+0.8% | Added |
| Northern Trust Corp | 8,274 | $1.15M | 0.00% | +76+0.9% | Added |
| D. E. Shaw & Co., Inc. | 6,911 | $959.2K | 0.00% | −533−7.2% | Reduced |
| Goldman Sachs Group Inc | 4,926 | $683.7K | 0.00% | −157−3.1% | Reduced |
| STRS Ohio | 3,800 | $527.0K | 0.00% | −400−9.5% | Reduced |
| Los Angeles Capital Management LLC | 3,656 | $507.5K | 0.00% | 00.0% | Unchanged |
| Millennium Management LLC | 3,218 | $447.0K | 0.00% | −42−1.3% | Reduced |
| Bank of New York Mellon Corp | 3,149 | $437.1K | 0.00% | −5,077−61.7% | Reduced |
| Marquette Asset Management, LLC | 3,000 | $416.4K | 0.12% | 00.0% | Unchanged |
| Martingale Asset Management L P | 2,322 | $322.3K | 0.01% | −480−17.1% | Reduced |
| O'Shaughnessy Asset Management, LLC | 2,178 | $302.3K | 0.00% | −405−15.7% | Reduced |
| Charles Schwab Investment Management Inc | 2,134 | $296.2K | 0.00% | 00.0% | Unchanged |
| Morgan Stanley | 2,111 | $293.0K | 0.00% | +214+11.3% | Added |
| Two Sigma Advisers, LP | 2,059 | $285.8K | 0.00% | −100−4.6% | Reduced |
| Janney Montgomery Scott LLC | 1,553 | $216.0K | 0.00% | +1,553 | New |
| Jacobs Levy Equity Management, Inc | 1,451 | $201.4K | 0.00% | +1,451 | New |
| Barclays PLC | 1,315 | $182.5K | 0.00% | +168+14.6% | Added |
| Russell Investments Group, Ltd. | 890 | $123.5K | 0.00% | −300−25.2% | Reduced |
| Allspring Global Investments Holdings, LLC | 756 | $104.9K | 0.00% | −21−2.7% | Reduced |
| New York State Common Retirement Fund | 687 | $95.4K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 649 | $90.1K | 0.00% | +307+89.8% | Added |
| JPMorgan Chase & Co | 597 | $83.0K | 0.00% | +44+8.0% | Added |
| Bank of America Corp | 551 | $76.5K | 0.00% | +281+104.1% | Added |
| Advisory Services Network, LLC | 400 | $55.5K | 0.00% | +400 | New |
| Public Employees Retirement Association of Colorado | 398 | $55.0K | 0.00% | 00.0% | Unchanged |
| American International Group, Inc. | 349 | $48.4K | 0.00% | −1−0.3% | Reduced |
| Deutsche Bank AG | 341 | $47.3K | 0.00% | +4+1.2% | Added |
| California State Teachers Retirement System | 294 | $40.8K | 0.00% | +3+1.0% | Added |
| Acadian Asset Management LLC | 292 | $40.0K | 0.00% | +194+198.0% | Added |
| Gladius Capital Management LP | 271 | $37.6K | 0.01% | −21−7.2% | Reduced |
| UBS Group AG | 203 | $28.2K | 0.00% | +203 | New |
| Dorsey Wright & Associates | 162 | $22.5K | 0.01% | +162 | New |
| Royal Bank of Canada | 133 | $18.0K | 0.00% | +73+121.7% | Added |
| Amalgamated Bank | 106 | $15.0K | 0.00% | +10+10.4% | Added |
| Ameritas Investment Partners, Inc. | 80 | $12.1K | 0.00% | 00.0% | Unchanged |
| Ellevest, Inc. | 71 | $9.86K | 0.00% | +71 | New |
| Legal & General Group Plc | 65 | $9.02K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 60 | $8.00K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 50 | $6.94K | 0.00% | 00.0% | Unchanged |
| Lazard Asset Management LLC | 49 | $6.00K | 0.00% | +49 | New |
| Wells Fargo & Company | 30 | $4.16K | 0.00% | −2−6.3% | Reduced |
| North Star Investment Management Corp. | 26 | $3.61K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 25 | $3.47K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. LLC | 25 | $3.00K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 11 | $1.53K | 0.00% | +3+37.5% | Added |
| Column Capital Advisors, LLC | 10 | $1.39K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 8 | $1.11K | 0.00% | −4−33.3% | Reduced |
| Tower Research Capital LLC (TRC) | 12 | $1.00K | 0.00% | −190−94.1% | Reduced |
| Advisor Group Holdings, Inc. | 5 | $1.00K | 0.00% | 00.0% | Unchanged |
| M&R Capital Management Inc | 5 | $694 | 0.00% | 00.0% | Unchanged |
| Salem Investment Counselors Inc | 1 | $139 | 0.00% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 0 | $0 | 0.00% | −6−100.0% | Sold out |
| Credit Suisse AG | 0 | $0 | 0.00% | −3−100.0% | Sold out |
| Strategic Asset Management, LLC | – | – | – | – | Not filed |