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 2023
Institutional positions in Biglari Holdings Inc. as of Mar 31, 2023. 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
- 72
- +12 vs. Q4 2022
- Shares held
- 1.65M
- +14.7K (+0.9%) vs. Q4 2022
- Total value
- $279.2M
- +$52.4M (+23.1%) vs. Q4 2022
- New holders
- 15
- 20 more added
- Sold out
- 3
- 21 more reduced
Compare with Q4 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, Q1 2023
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q4 2022.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,327,853 | $224.7M | 31.27% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 85,925 | $14.5M | 0.00% | +2,813+3.4% | Added |
| BlackRock Inc. | 54,610 | $9.24M | 0.00% | −2,856−5.0% | Reduced |
| Vanguard Group Inc | 28,788 | $4.87M | 0.00% | +58+0.2% | Added |
| State Street Corp | 13,522 | $2.29M | 0.00% | +227+1.7% | Added |
| Nuveen Asset Management, LLC | 13,433 | $2.27M | 0.00% | −420−3.0% | Reduced |
| Bridgeway Capital Management, LLC | 12,615 | $2.13M | 0.06% | −285−2.2% | Reduced |
| Prudential Financial Inc | 12,274 | $2.08M | 0.00% | −620−4.8% | Reduced |
| Geode Capital Management, LLC | 12,270 | $2.08M | 0.00% | −364−2.9% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 11,312 | $1.91M | 0.01% | −542−4.6% | Reduced |
| Northern Trust Corp | 8,029 | $1.36M | 0.00% | −245−3.0% | Reduced |
| Arrowstreet Capital, Limited Partnership | 6,758 | $1.14M | 0.00% | +6,758 | New |
| D. E. Shaw & Co., Inc. | 5,146 | $870.7K | 0.00% | −1,765−25.5% | Reduced |
| O'Shaughnessy Asset Management, LLC | 3,802 | $643.3K | 0.01% | +1,624+74.6% | Added |
| Los Angeles Capital Management LLC | 3,686 | $623.7K | 0.00% | +30+0.8% | Added |
| Martingale Asset Management L P | 3,314 | $560.7K | 0.01% | +992+42.7% | Added |
| Marquette Asset Management, LLC | 3,000 | $507.6K | 0.13% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 2,919 | $494.0K | 0.00% | +2,919 | New |
| Bank of New York Mellon Corp | 2,871 | $485.8K | 0.00% | −278−8.8% | Reduced |
| Citadel Advisors LLC | 2,853 | $482.7K | 0.00% | +2,853 | New |
| STRS Ohio | 2,800 | $473.0K | 0.00% | −1,000−26.3% | Reduced |
| Millennium Management LLC | 2,517 | $426.0K | 0.00% | −701−21.8% | Reduced |
| Morgan Stanley | 2,368 | $400.7K | 0.00% | +257+12.2% | Added |
| Charles Schwab Investment Management Inc | 2,172 | $367.5K | 0.00% | +38+1.8% | Added |
| Two Sigma Advisers, LP | 2,059 | $348.4K | 0.00% | 00.0% | Unchanged |
| Ritholtz Wealth Management | 2,053 | $347.4K | 0.02% | +2,053 | New |
| Goldman Sachs Group Inc | 1,750 | $296.1K | 0.00% | −3,176−64.5% | Reduced |
| Janney Montgomery Scott LLC | 1,725 | $292.0K | 0.00% | +172+11.1% | Added |
| Acadian Asset Management LLC | 1,620 | $273.0K | 0.00% | +1,328+454.8% | Added |
| Jacobs Levy Equity Management, Inc | 1,451 | $245.5K | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 1,423 | $240.8K | 0.00% | +1,423 | New |
| Man Group plc | – | $211.7K | 0.00% | – | New |
| Rhumbline Advisers | 1,207 | $204.0K | 0.00% | +1,207 | New |
| Russell Investments Group, Ltd. | 1,194 | $202.0K | 0.00% | +304+34.2% | Added |
| Assenagon Asset Management S.A. | 1,185 | $200.5K | 0.00% | +1,185 | New |
| Barclays PLC | 1,113 | $188.3K | 0.00% | −202−15.4% | Reduced |
| JPMorgan Chase & Co | 787 | $133.0K | 0.00% | +190+31.8% | Added |
| SG Americas Securities, LLC | 713 | $121.0K | 0.00% | +713 | New |
| New York State Common Retirement Fund | 686 | $116.1K | 0.00% | −1−0.1% | Reduced |
| Bank of America Corp | 680 | $115.1K | 0.00% | +129+23.4% | Added |
| BNP Paribas Arbitrage, SA | 508 | $86.0K | 0.00% | −141−21.7% | Reduced |
| Deutsche Bank AG | 453 | $76.6K | 0.00% | +112+32.8% | Added |
| MetLife Investment Management | 407 | $68.9K | 0.00% | +407 | New |
| Public Employees Retirement Association of Colorado | 398 | $67.0K | 0.00% | 00.0% | Unchanged |
| American International Group, Inc. | 355 | $60.1K | 0.00% | +6+1.7% | Added |
| Tower Research Capital LLC (TRC) | 304 | $52.0K | 0.00% | +292+2,433.3% | Added |
| California State Teachers Retirement System | 274 | $46.4K | 0.00% | −20−6.8% | Reduced |
| Gladius Capital Management LP | 228 | $38.6K | 0.01% | −43−15.9% | Reduced |
| UBS Group AG | 213 | $36.0K | 0.00% | +10+4.9% | Added |
| Lazard Asset Management LLC | 163 | $27.0K | 0.00% | +114+232.7% | Added |
| Dorsey Wright & Associates | 147 | $24.9K | 0.01% | −15−9.3% | Reduced |
| Wells Fargo & Company | 130 | $22.0K | 0.00% | +100+333.3% | Added |
| Royal Bank of Canada | 125 | $21.0K | 0.00% | −8−6.0% | Reduced |
| Dark Forest Capital Management LP | 98 | $16.6K | 0.00% | +98 | New |
| Amalgamated Bank | 89 | $15.0K | 0.00% | −17−16.0% | Reduced |
| Ameritas Investment Partners, Inc. | 80 | $13.5K | 0.00% | 00.0% | Unchanged |
| Ellevest, Inc. | 71 | $12.0K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $11.0K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 60 | $10.0K | 0.00% | 00.0% | Unchanged |
| TCI Wealth Advisors, Inc. | 56 | $9.48K | 0.00% | +56 | New |
| Larson Financial Group LLC | 50 | $8.46K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 41 | $6.94K | 0.00% | +41 | New |
| Hanseatic Management Services Inc | 29 | $5.00K | 0.01% | +29 | New |
| North Star Investment Management Corp. | 26 | $4.40K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 25 | $4.23K | 0.00% | 00.0% | Unchanged |
| Barrow Hanley Mewhinney & Strauss LLC | 24 | $4.06K | 0.00% | +24 | New |
| Bartlett & Co. LLC | 25 | $4.00K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 15 | $2.54K | 0.00% | +4+36.4% | Added |
| Advisor Group Holdings, Inc. | 5 | $846 | 0.00% | 00.0% | Unchanged |
| M&R Capital Management Inc | 5 | $846 | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 2 | $338 | 0.00% | −6−75.0% | Reduced |
| Salem Investment Counselors Inc | 1 | $170 | 0.00% | 00.0% | Unchanged |
| Allspring Global Investments Holdings, LLC | 0 | $0 | 0.00% | −756−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −400−100.0% | Sold out |
| Column Capital Advisors, LLC | 0 | $0 | 0.00% | −10−100.0% | Sold out |