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, Q2 2023
Institutional positions in Biglari Holdings Inc. as of Jun 30, 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
- 0 vs. Q1 2023
- Shares held
- 1.67M
- +25.3K (+1.5%) vs. Q1 2023
- Total value
- $330.1M
- +$50.8M (+18.2%) vs. Q1 2023
- New holders
- 8
- 23 more added
- Sold out
- 8
- 20 more reduced
Compare with Q1 2023: 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, Q2 2023
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q1 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,327,853 | $261.8M | 34.68% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 84,798 | $16.7M | 0.01% | −1,127−1.3% | Reduced |
| BlackRock Inc. | 52,277 | $10.3M | 0.00% | −2,333−4.3% | Reduced |
| Vanguard Group Inc | 27,887 | $5.50M | 0.00% | −901−3.1% | Reduced |
| Nuveen Asset Management, LLC | 15,451 | $3.05M | 0.00% | +2,018+15.0% | Added |
| Acuitas Investments, LLC | 14,306 | $2.82M | 1.64% | +14,306 | New |
| Geode Capital Management, LLC | 13,611 | $2.68M | 0.00% | +1,341+10.9% | Added |
| State Street Corp | 13,026 | $2.57M | 0.00% | −496−3.7% | Reduced |
| Bridgeway Capital Management, LLC | 12,801 | $2.52M | 0.06% | +186+1.5% | Added |
| Prudential Financial Inc | 11,314 | $2.23M | 0.00% | −960−7.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 10,954 | $2.16M | 0.01% | −358−3.2% | Reduced |
| Northern Trust Corp | 8,061 | $1.59M | 0.00% | +32+0.4% | Added |
| Arrowstreet Capital, Limited Partnership | 7,267 | $1.43M | 0.00% | +509+7.5% | Added |
| Empowered Funds, LLC | 6,601 | $1.30M | 0.05% | +6,601 | New |
| EA Series Trust | 6,601 | $1.30M | 0.05% | +6,601 | New |
| Los Angeles Capital Management LLC | 3,886 | $766.1K | 0.00% | +200+5.4% | Added |
| O'Shaughnessy Asset Management, LLC | 3,874 | $763.7K | 0.01% | +72+1.9% | Added |
| Citadel Advisors LLC | 3,763 | $741.8K | 0.00% | +910+31.9% | Added |
| D. E. Shaw & Co., Inc. | 3,525 | $694.9K | 0.00% | −1,621−31.5% | Reduced |
| Martingale Asset Management L P | 3,314 | $653.3K | 0.01% | 00.0% | Unchanged |
| Marquette Asset Management, LLC | 3,000 | $591.4K | 0.15% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 2,890 | $569.7K | 0.00% | +19+0.7% | Added |
| Renaissance Technologies LLC | 2,856 | $563.0K | 0.00% | −63−2.2% | Reduced |
| STRS Ohio | 2,800 | $551.0K | 0.00% | 00.0% | Unchanged |
| Morgan Stanley | 2,770 | $546.1K | 0.00% | +402+17.0% | Added |
| Charles Schwab Investment Management Inc | 2,203 | $434.3K | 0.00% | +31+1.4% | Added |
| Assenagon Asset Management S.A. | 2,098 | $413.6K | 0.00% | +913+77.0% | Added |
| Two Sigma Advisers, LP | 2,059 | $405.9K | 0.00% | 00.0% | Unchanged |
| Ritholtz Wealth Management | 2,051 | $404.3K | 0.02% | −2−0.1% | Reduced |
| Janney Montgomery Scott LLC | 1,866 | $368.0K | 0.00% | +141+8.2% | Added |
| Millennium Management LLC | 1,467 | $289.2K | 0.00% | −1,050−41.7% | Reduced |
| Jacobs Levy Equity Management, Inc | 1,451 | $286.1K | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 1,376 | $271.3K | 0.00% | −47−3.3% | Reduced |
| Squarepoint Ops LLC | 1,295 | $255.3K | 0.00% | +1,295 | New |
| Goldman Sachs Group Inc | 1,253 | $247.0K | 0.00% | −497−28.4% | Reduced |
| Rhumbline Advisers | 1,141 | $224.9K | 0.00% | −66−5.5% | Reduced |
| Man Group plc | 1,092 | $215.3K | 0.00% | – | – |
| Ground Swell Capital, LLC | 1,069 | $210.7K | 0.52% | +1,069 | New |
| JPMorgan Chase & Co | 948 | $186.9K | 0.00% | +161+20.5% | Added |
| Russell Investments Group, Ltd. | 890 | $175.5K | 0.00% | −304−25.5% | Reduced |
| New York State Common Retirement Fund | 686 | $135.2K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 683 | $134.6K | 0.00% | +3+0.4% | Added |
| Acadian Asset Management LLC | 587 | $115.0K | 0.00% | −1,033−63.8% | Reduced |
| UBS Group AG | 412 | $81.2K | 0.00% | +199+93.4% | Added |
| MetLife Investment Management | 407 | $80.2K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement Association of Colorado | 398 | $78.0K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 371 | $73.1K | 0.00% | −742−66.7% | Reduced |
| American International Group, Inc. | 355 | $70.0K | 0.00% | 00.0% | Unchanged |
| Wells Fargo & Company | 288 | $56.8K | 0.00% | +158+121.5% | Added |
| Gladius Capital Management LP | 270 | $53.2K | 0.03% | +42+18.4% | Added |
| California State Teachers Retirement System | 246 | $48.5K | 0.00% | −28−10.2% | Reduced |
| Citigroup Inc | 224 | $44.2K | 0.00% | +222+11,100.0% | Added |
| Legal & General Group Plc | 220 | $43.6K | 0.00% | +155+238.5% | Added |
| BNP Paribas Arbitrage, SA | 194 | $38.2K | 0.00% | −314−61.8% | Reduced |
| Tower Research Capital LLC (TRC) | 173 | $34.1K | 0.00% | −131−43.1% | Reduced |
| Lazard Asset Management LLC | 163 | $32.0K | 0.00% | 00.0% | Unchanged |
| Dorsey Wright & Associates | 162 | $31.9K | 0.01% | +15+10.2% | Added |
| Royal Bank of Canada | 125 | $24.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 80 | $15.8K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 76 | $15.0K | 0.00% | −13−14.6% | Reduced |
| Barrow Hanley Mewhinney & Strauss LLC | 67 | $13.2K | 0.00% | +43+179.2% | Added |
| Nisa Investment Advisors, LLC | 60 | $11.8K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 50 | $9.86K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 41 | $8.08K | 0.00% | 00.0% | Unchanged |
| Hanseatic Management Services Inc | 29 | $6.00K | 0.01% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 26 | $5.13K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 22 | $4.34K | 0.00% | +7+46.7% | Added |
| GWM Advisors LLC | 18 | $3.55K | 0.00% | +18 | New |
| Fifth Third Bancorp | 15 | $2.96K | 0.00% | +15 | New |
| Capital Advisors, Ltd. LLC | 6 | $1.00K | 0.00% | +6 | New |
| Advisor Group Holdings, Inc. | 5 | $986 | 0.00% | 00.0% | Unchanged |
| Salem Investment Counselors Inc | 1 | $198 | 0.00% | 00.0% | Unchanged |
| M&R Capital Management Inc | 0 | $0 | 0.00% | −5−100.0% | Sold out |
| SG Americas Securities, LLC | 0 | $0 | 0.00% | −713−100.0% | Sold out |
| Deutsche Bank AG | 0 | $0 | 0.00% | −453−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −98−100.0% | Sold out |
| Ellevest, Inc. | 0 | $0 | 0.00% | −71−100.0% | Sold out |
| TCI Wealth Advisors, Inc. | 0 | $0 | 0.00% | −56−100.0% | Sold out |
| Bartlett & Co. Wealth Management LLC | 0 | $0 | 0.00% | −25−100.0% | Sold out |
| Bartlett & Co. LLC | 0 | $0 | 0.00% | −25−100.0% | Sold out |