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, Q3 2023
Institutional positions in Biglari Holdings Inc. as of Sep 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
- 67
- −4 vs. Q2 2023
- Shares held
- 1.66M
- −5.90K (−0.4%) vs. Q2 2023
- Total value
- $275.8M
- −$52.9M (−16.1%) vs. Q2 2023
- New holders
- 6
- 20 more added
- Sold out
- 10
- 23 more reduced
1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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, Q3 2023
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q2 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,327,853 | $220.4M | 34.42% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 84,180 | $14.0M | 0.00% | −618−0.7% | Reduced |
| BlackRock Inc. | 50,803 | $8.43M | 0.00% | −1,474−2.8% | Reduced |
| Vanguard Group Inc | 28,158 | $4.67M | 0.00% | +271+1.0% | Added |
| Nuveen Asset Management, LLC | 15,468 | $2.57M | 0.00% | +17+0.1% | Added |
| Geode Capital Management, LLC | 14,458 | $2.40M | 0.00% | +847+6.2% | Added |
| Acuitas Investments, LLC | 14,311 | $2.38M | 1.40% | +50.0% | Added |
| Bridgeway Capital Management, LLC | 13,275 | $2.20M | 0.05% | +474+3.7% | Added |
| State Street Corp | 12,447 | $2.07M | 0.00% | −579−4.4% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 10,879 | $1.81M | 0.01% | −75−0.7% | Reduced |
| Prudential Financial Inc | 10,194 | $1.69M | 0.00% | −1,120−9.9% | Reduced |
| Northern Trust Corp | 8,079 | $1.34M | 0.00% | +18+0.2% | Added |
| Arrowstreet Capital, Limited Partnership | 7,652 | $1.27M | 0.00% | +385+5.3% | Added |
| Empowered Funds, LLC | 7,075 | $1.17M | 0.03% | +474+7.2% | Added |
| Los Angeles Capital Management LLC | 5,566 | $924.0K | 0.00% | +1,680+43.2% | Added |
| O'Shaughnessy Asset Management, LLC | 4,076 | $676.6K | 0.01% | +202+5.2% | Added |
| Martingale Asset Management L P | 3,314 | $550.1K | 0.01% | 00.0% | Unchanged |
| Marquette Asset Management, LLC | 3,000 | $498.0K | 0.12% | 00.0% | Unchanged |
| STRS Ohio | 3,000 | $498.0K | 0.00% | +200+7.1% | Added |
| Morgan Stanley | 2,752 | $456.8K | 0.00% | −18−0.6% | Reduced |
| Citadel Advisors LLC | 2,653 | $440.4K | 0.00% | −1,110−29.5% | Reduced |
| Bank of New York Mellon Corp | 2,499 | $414.8K | 0.00% | −391−13.5% | Reduced |
| Rathbone Brothers plc | 2,300 | $381.8K | 0.00% | +2,300 | New |
| Charles Schwab Investment Management Inc | 2,203 | $365.7K | 0.00% | 00.0% | Unchanged |
| Janney Montgomery Scott LLC | 2,184 | $363.0K | 0.00% | +318+17.0% | Added |
| Two Sigma Advisers, LP | 2,059 | $341.8K | 0.00% | 00.0% | Unchanged |
| Assenagon Asset Management S.A. | 2,025 | $336.1K | 0.00% | −73−3.5% | Reduced |
| Renaissance Technologies LLC | 1,866 | $310.0K | 0.00% | −990−34.7% | Reduced |
| Ritholtz Wealth Management | 1,853 | $307.6K | 0.01% | −198−9.7% | Reduced |
| Squarepoint Ops LLC | 1,754 | $291.2K | 0.00% | +459+35.4% | Added |
| D. E. Shaw & Co., Inc. | 1,637 | $271.7K | 0.00% | −1,888−53.6% | Reduced |
| Bank of America Corp | 1,628 | $270.2K | 0.00% | +945+138.4% | Added |
| Jacobs Levy Equity Management, Inc | 1,451 | $240.9K | 0.00% | 00.0% | Unchanged |
| Winton Group Ltd | 1,268 | $210.5K | 0.02% | +1,268 | New |
| Rhumbline Advisers | 1,160 | $192.6K | 0.00% | +19+1.7% | Added |
| Russell Investments Group, Ltd. | 890 | $147.7K | 0.00% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 802 | $133.1K | 0.00% | −146−15.4% | Reduced |
| New York State Common Retirement Fund | 684 | $113.5K | 0.00% | −2−0.3% | Reduced |
| UBS Group AG | 449 | $74.5K | 0.00% | +37+9.0% | Added |
| Barclays PLC | 447 | $74.2K | 0.00% | +76+20.5% | Added |
| MetLife Investment Management | 407 | $67.6K | 0.00% | 00.0% | Unchanged |
| Public Employees Retirement Association of Colorado | 398 | $66.0K | 0.00% | 00.0% | Unchanged |
| American International Group, Inc. | 369 | $61.3K | 0.00% | +14+3.9% | Added |
| Allspring Global Investments Holdings, LLC | 333 | $55.3K | 0.00% | +333 | New |
| BNP Paribas Arbitrage, SA | 298 | $49.5K | 0.00% | +104+53.6% | Added |
| Wells Fargo & Company | 189 | $31.4K | 0.00% | −99−34.4% | Reduced |
| Gladius Capital Management LP | 176 | $29.2K | 0.01% | −94−34.8% | Reduced |
| Royal Bank of Canada | 173 | $29.0K | 0.00% | +48+38.4% | Added |
| California State Teachers Retirement System | 163 | $27.1K | 0.00% | −83−33.7% | Reduced |
| Dorsey Wright & Associates | 157 | $26.1K | 0.01% | −5−3.1% | Reduced |
| Comerica Bank | 82 | $13.6K | 0.00% | +82 | New |
| Ameritas Investment Partners, Inc. | 80 | $13.3K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 76 | $13.0K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 78 | $12.9K | 0.00% | −95−54.9% | Reduced |
| Barrow Hanley Mewhinney & Strauss LLC | 67 | $11.1K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $10.8K | 0.00% | −155−70.5% | Reduced |
| Larson Financial Group LLC | 50 | $8.30K | 0.00% | 00.0% | Unchanged |
| Metropolitan Life Insurance Co | 41 | $6.81K | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 40 | $6.64K | 0.00% | −20−33.3% | Reduced |
| Hanseatic Management Services Inc | 29 | $4.81K | 0.01% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 26 | $4.32K | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 25 | $4.15K | 0.00% | +25 | New |
| FMR LLC | 14 | $2.32K | 0.00% | −8−36.4% | Reduced |
| Citigroup Inc | 7 | $1.16K | 0.00% | −217−96.9% | Reduced |
| Advisor Group Holdings, Inc. | 5 | $830 | 0.00% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 3 | $498 | 0.00% | +3 | New |
| Salem Investment Counselors Inc | 1 | $166 | 0.00% | 00.0% | Unchanged |
| Millennium Management LLC | 0 | $0 | 0.00% | −1,467−100.0% | Sold out |
| LPL Financial LLC | 0 | $0 | 0.00% | −1,376−100.0% | Sold out |
| Goldman Sachs Group Inc | 0 | $0 | 0.00% | −1,253−100.0% | Sold out |
| Man Group plc | 0 | $0 | 0.00% | −1,092−100.0% | Sold out |
| Ground Swell Capital, LLC | 0 | $0 | 0.00% | −1,069−100.0% | Sold out |
| Acadian Asset Management LLC | 0 | $0 | 0.00% | −587−100.0% | Sold out |
| Lazard Asset Management LLC | 0 | $0 | 0.00% | −163−100.0% | Sold out |
| GWM Advisors LLC | 0 | $0 | 0.00% | −18−100.0% | Sold out |
| Fifth Third Bancorp | 0 | $0 | 0.00% | −15−100.0% | Sold out |
| Capital Advisors, Ltd. LLC | 0 | $0 | 0.00% | −6−100.0% | Sold out |
| EA Series Trust | – | – | – | – | Not filed |