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