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 |
|---|---|---|---|---|---|
| Salem Investment Counselors Inc | 1 | $166 | 0.00% | 00.0% | Unchanged |
| Massmutual Trust Co FSB | 3 | $498 | 0.00% | +3 | New |
| Advisor Group Holdings, Inc. | 5 | $830 | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 7 | $1.16K | 0.00% | −217−96.9% | Reduced |
| FMR LLC | 14 | $2.32K | 0.00% | −8−36.4% | Reduced |
| Qube Research & Technologies Ltd | 25 | $4.15K | 0.00% | +25 | New |
| North Star Investment Management Corp. | 26 | $4.32K | 0.00% | 00.0% | Unchanged |
| Hanseatic Management Services Inc | 29 | $4.81K | 0.01% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 40 | $6.64K | 0.00% | −20−33.3% | Reduced |
| Metropolitan Life Insurance Co | 41 | $6.81K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 50 | $8.30K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $10.8K | 0.00% | −155−70.5% | Reduced |
| Barrow Hanley Mewhinney & Strauss LLC | 67 | $11.1K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 78 | $12.9K | 0.00% | −95−54.9% | Reduced |
| Amalgamated Bank | 76 | $13.0K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 80 | $13.3K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 82 | $13.6K | 0.00% | +82 | New |
| Dorsey Wright & Associates | 157 | $26.1K | 0.01% | −5−3.1% | Reduced |
| California State Teachers Retirement System | 163 | $27.1K | 0.00% | −83−33.7% | Reduced |
| Royal Bank of Canada | 173 | $29.0K | 0.00% | +48+38.4% | Added |
| Gladius Capital Management LP | 176 | $29.2K | 0.01% | −94−34.8% | Reduced |
| Wells Fargo & Company | 189 | $31.4K | 0.00% | −99−34.4% | Reduced |
| BNP Paribas Arbitrage, SA | 298 | $49.5K | 0.00% | +104+53.6% | Added |
| Allspring Global Investments Holdings, LLC | 333 | $55.3K | 0.00% | +333 | New |
| American International Group, Inc. | 369 | $61.3K | 0.00% | +14+3.9% | Added |
| Public Employees Retirement Association of Colorado | 398 | $66.0K | 0.00% | 00.0% | Unchanged |
| MetLife Investment Management | 407 | $67.6K | 0.00% | 00.0% | Unchanged |
| Barclays PLC | 447 | $74.2K | 0.00% | +76+20.5% | Added |
| UBS Group AG | 449 | $74.5K | 0.00% | +37+9.0% | Added |
| New York State Common Retirement Fund | 684 | $113.5K | 0.00% | −2−0.3% | Reduced |
| JPMorgan Chase & Co | 802 | $133.1K | 0.00% | −146−15.4% | Reduced |
| Russell Investments Group, Ltd. | 890 | $147.7K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 1,160 | $192.6K | 0.00% | +19+1.7% | Added |
| Winton Group Ltd | 1,268 | $210.5K | 0.02% | +1,268 | New |
| Jacobs Levy Equity Management, Inc | 1,451 | $240.9K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 1,628 | $270.2K | 0.00% | +945+138.4% | Added |
| D. E. Shaw & Co., Inc. | 1,637 | $271.7K | 0.00% | −1,888−53.6% | Reduced |
| Squarepoint Ops LLC | 1,754 | $291.2K | 0.00% | +459+35.4% | Added |
| Ritholtz Wealth Management | 1,853 | $307.6K | 0.01% | −198−9.7% | Reduced |
| Renaissance Technologies LLC | 1,866 | $310.0K | 0.00% | −990−34.7% | Reduced |
| Assenagon Asset Management S.A. | 2,025 | $336.1K | 0.00% | −73−3.5% | Reduced |
| Two Sigma Advisers, LP | 2,059 | $341.8K | 0.00% | 00.0% | Unchanged |
| Janney Montgomery Scott LLC | 2,184 | $363.0K | 0.00% | +318+17.0% | Added |
| Charles Schwab Investment Management Inc | 2,203 | $365.7K | 0.00% | 00.0% | Unchanged |
| Rathbone Brothers plc | 2,300 | $381.8K | 0.00% | +2,300 | New |
| Bank of New York Mellon Corp | 2,499 | $414.8K | 0.00% | −391−13.5% | Reduced |
| Citadel Advisors LLC | 2,653 | $440.4K | 0.00% | −1,110−29.5% | Reduced |
| Morgan Stanley | 2,752 | $456.8K | 0.00% | −18−0.6% | Reduced |
| 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 |
| Martingale Asset Management L P | 3,314 | $550.1K | 0.01% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 4,076 | $676.6K | 0.01% | +202+5.2% | Added |
| Los Angeles Capital Management LLC | 5,566 | $924.0K | 0.00% | +1,680+43.2% | Added |
| Empowered Funds, LLC | 7,075 | $1.17M | 0.03% | +474+7.2% | Added |
| Arrowstreet Capital, Limited Partnership | 7,652 | $1.27M | 0.00% | +385+5.3% | Added |
| Northern Trust Corp | 8,079 | $1.34M | 0.00% | +18+0.2% | Added |
| Prudential Financial Inc | 10,194 | $1.69M | 0.00% | −1,120−9.9% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 10,879 | $1.81M | 0.01% | −75−0.7% | Reduced |
| State Street Corp | 12,447 | $2.07M | 0.00% | −579−4.4% | Reduced |
| Bridgeway Capital Management, LLC | 13,275 | $2.20M | 0.05% | +474+3.7% | Added |
| Acuitas Investments, LLC | 14,311 | $2.38M | 1.40% | +50.0% | Added |
| Geode Capital Management, LLC | 14,458 | $2.40M | 0.00% | +847+6.2% | Added |
| Nuveen Asset Management, LLC | 15,468 | $2.57M | 0.00% | +17+0.1% | Added |
| Vanguard Group Inc | 28,158 | $4.67M | 0.00% | +271+1.0% | Added |
| BlackRock Inc. | 50,803 | $8.43M | 0.00% | −1,474−2.8% | Reduced |
| Dimensional Fund Advisors LP | 84,180 | $14.0M | 0.00% | −618−0.7% | Reduced |
| Biglari Capital Corp. | 1,327,853 | $220.4M | 34.42% | 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 |