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 |
|---|---|---|---|---|---|
| Salem Investment Counselors Inc | 1 | $139 | 0.00% | 00.0% | Unchanged |
| M&R Capital Management Inc | 5 | $694 | 0.00% | 00.0% | Unchanged |
| 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 |
| Citigroup Inc | 8 | $1.11K | 0.00% | −4−33.3% | Reduced |
| Column Capital Advisors, LLC | 10 | $1.39K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 11 | $1.53K | 0.00% | +3+37.5% | Added |
| Bartlett & Co. LLC | 25 | $3.00K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 25 | $3.47K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 26 | $3.61K | 0.00% | 00.0% | Unchanged |
| Wells Fargo & Company | 30 | $4.16K | 0.00% | −2−6.3% | Reduced |
| Lazard Asset Management LLC | 49 | $6.00K | 0.00% | +49 | New |
| Larson Financial Group LLC | 50 | $6.94K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 60 | $8.00K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $9.02K | 0.00% | 00.0% | Unchanged |
| Ellevest, Inc. | 71 | $9.86K | 0.00% | +71 | New |
| Ameritas Investment Partners, Inc. | 80 | $12.1K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 106 | $15.0K | 0.00% | +10+10.4% | Added |
| Royal Bank of Canada | 133 | $18.0K | 0.00% | +73+121.7% | Added |
| Dorsey Wright & Associates | 162 | $22.5K | 0.01% | +162 | New |
| UBS Group AG | 203 | $28.2K | 0.00% | +203 | New |
| Gladius Capital Management LP | 271 | $37.6K | 0.01% | −21−7.2% | Reduced |
| Acadian Asset Management LLC | 292 | $40.0K | 0.00% | +194+198.0% | Added |
| California State Teachers Retirement System | 294 | $40.8K | 0.00% | +3+1.0% | Added |
| Deutsche Bank AG | 341 | $47.3K | 0.00% | +4+1.2% | Added |
| American International Group, Inc. | 349 | $48.4K | 0.00% | −1−0.3% | Reduced |
| Public Employees Retirement Association of Colorado | 398 | $55.0K | 0.00% | 00.0% | Unchanged |
| Advisory Services Network, LLC | 400 | $55.5K | 0.00% | +400 | New |
| Bank of America Corp | 551 | $76.5K | 0.00% | +281+104.1% | Added |
| JPMorgan Chase & Co | 597 | $83.0K | 0.00% | +44+8.0% | Added |
| BNP Paribas Arbitrage, SA | 649 | $90.1K | 0.00% | +307+89.8% | Added |
| New York State Common Retirement Fund | 687 | $95.4K | 0.00% | 00.0% | Unchanged |
| Allspring Global Investments Holdings, LLC | 756 | $104.9K | 0.00% | −21−2.7% | Reduced |
| Russell Investments Group, Ltd. | 890 | $123.5K | 0.00% | −300−25.2% | Reduced |
| Barclays PLC | 1,315 | $182.5K | 0.00% | +168+14.6% | Added |
| Jacobs Levy Equity Management, Inc | 1,451 | $201.4K | 0.00% | +1,451 | New |
| Janney Montgomery Scott LLC | 1,553 | $216.0K | 0.00% | +1,553 | New |
| Two Sigma Advisers, LP | 2,059 | $285.8K | 0.00% | −100−4.6% | Reduced |
| Morgan Stanley | 2,111 | $293.0K | 0.00% | +214+11.3% | Added |
| Charles Schwab Investment Management Inc | 2,134 | $296.2K | 0.00% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 2,178 | $302.3K | 0.00% | −405−15.7% | Reduced |
| Martingale Asset Management L P | 2,322 | $322.3K | 0.01% | −480−17.1% | Reduced |
| Marquette Asset Management, LLC | 3,000 | $416.4K | 0.12% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 3,149 | $437.1K | 0.00% | −5,077−61.7% | Reduced |
| Millennium Management LLC | 3,218 | $447.0K | 0.00% | −42−1.3% | Reduced |
| Los Angeles Capital Management LLC | 3,656 | $507.5K | 0.00% | 00.0% | Unchanged |
| STRS Ohio | 3,800 | $527.0K | 0.00% | −400−9.5% | Reduced |
| Goldman Sachs Group Inc | 4,926 | $683.7K | 0.00% | −157−3.1% | Reduced |
| D. E. Shaw & Co., Inc. | 6,911 | $959.2K | 0.00% | −533−7.2% | Reduced |
| Northern Trust Corp | 8,274 | $1.15M | 0.00% | +76+0.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 11,854 | $1.65M | 0.01% | +98+0.8% | Added |
| Geode Capital Management, LLC | 12,634 | $1.75M | 0.00% | −34−0.3% | Reduced |
| Prudential Financial Inc | 12,894 | $1.79M | 0.00% | −1,120−8.0% | Reduced |
| Bridgeway Capital Management, LLC | 12,900 | $1.79M | 0.05% | 00.0% | Unchanged |
| State Street Corp | 13,295 | $1.85M | 0.00% | −254−1.9% | Reduced |
| Nuveen Asset Management, LLC | 13,853 | $1.92M | 0.00% | −535−3.7% | Reduced |
| Vanguard Group Inc | 28,730 | $3.99M | 0.00% | +86+0.3% | Added |
| BlackRock Inc. | 57,466 | $7.98M | 0.00% | +1,218+2.2% | Added |
| Dimensional Fund Advisors LP | 83,112 | $11.5M | 0.00% | +2,096+2.6% | Added |
| Biglari Capital Corp. | 1,327,853 | $184.3M | 31.61% | 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 |