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, Q4 2024
Institutional positions in Biglari Holdings Inc. as of Dec 31, 2024. 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
- 75
- +6 vs. Q3 2024
- Shares held
- 1.79M
- +83.9K (+4.9%) vs. Q3 2024
- Total value
- $454.5M
- +$161.5M (+55.1%) vs. Q3 2024
- New holders
- 14
- 26 more added
- Sold out
- 8
- 14 more reduced
Compare with Q3 2024: 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, Q4 2024
Shares, value and share of portfolio for each institution holding Biglari Holdings Inc.; share changes are against Q3 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Biglari Capital Corp. | 1,394,437 | $354.6M | 42.28% | +45,366+3.4% | Added |
| Dimensional Fund Advisors LP | 91,469 | $23.3M | 0.01% | +573+0.6% | Added |
| BlackRock, Inc. | 55,405 | $14.1M | 0.00% | +307+0.6% | Added |
| Vanguard Group Inc | 37,461 | $9.53M | 0.00% | −3,655−8.9% | Reduced |
| Nuveen Asset Management, LLC | 16,821 | $4.28M | 0.00% | +164+1.0% | Added |
| JPMorgan Chase & Co | 16,135 | $4.10M | 0.00% | +15,290+1,809.5% | Added |
| Invesco Ltd. | 15,805 | $4.02M | 0.00% | +15,805 | New |
| Geode Capital Management, LLC | 15,684 | $3.99M | 0.00% | −355−2.2% | Reduced |
| Bridgeway Capital Management, LLC | 15,468 | $3.93M | 0.09% | +150+1.0% | Added |
| Peapod Lane Capital LLC | 14,571 | $3.71M | 3.67% | +14,571 | New |
| Arrowstreet Capital, Limited Partnership | 13,256 | $3.37M | 0.00% | +5,604+73.2% | Added |
| State Street Corp | 13,005 | $3.31M | 0.00% | +186+1.5% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 11,887 | $3.02M | 0.01% | +98+0.8% | Added |
| Empowered Funds, LLC | 9,268 | $2.36M | 0.03% | +150+1.6% | Added |
| Northern Trust Corp | 7,798 | $1.98M | 0.00% | −220−2.7% | Reduced |
| Renaissance Technologies LLC | 5,516 | $1.40M | 0.00% | +3,040+122.8% | Added |
| Morgan Stanley | 4,449 | $1.13M | 0.00% | −1,361−23.4% | Reduced |
| Los Angeles Capital Management LLC | 3,918 | $996.3K | 0.00% | −500−11.3% | Reduced |
| Goldman Sachs Group Inc | 3,652 | $928.7K | 0.00% | +1,664+83.7% | Added |
| Martingale Asset Management L P | 3,284 | $835.1K | 0.02% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 2,759 | $701.6K | 0.01% | +306+12.5% | Added |
| Allspring Global Investments Holdings, LLC | 2,675 | $680.2K | 0.00% | +2,675 | New |
| Charles Schwab Investment Management Inc | 2,327 | $591.7K | 0.00% | +124+5.6% | Added |
| Rathbone Brothers plc | 2,300 | $584.9K | 0.00% | 00.0% | Unchanged |
| STRS Ohio | 2,200 | $559.4K | 0.00% | +500+29.4% | Added |
| Gsa Capital Partners LLP | 2,169 | $552.0K | 0.04% | −270−11.1% | Reduced |
| Marquette Asset Management, LLC | 2,116 | $538.1K | 0.09% | 00.0% | Unchanged |
| Barclays PLC | 1,975 | $502.2K | 0.00% | +1+0.1% | Added |
| Bank of New York Mellon Corp | 1,828 | $464.8K | 0.00% | −1,530−45.6% | Reduced |
| Jacobs Levy Equity Management, Inc | 1,451 | $369.0K | 0.00% | 00.0% | Unchanged |
| Ritholtz Wealth Management | 1,404 | $357.0K | 0.01% | +204+17.0% | Added |
| Bank of America Corp | 1,394 | $354.5K | 0.00% | −347−19.9% | Reduced |
| Bailard, Inc. | 1,207 | $306.9K | 0.01% | +1,207 | New |
| UBS Group AG | 1,199 | $304.9K | 0.00% | +746+164.7% | Added |
| Rhumbline Advisers | 1,139 | $289.6K | 0.00% | +104+10.0% | Added |
| LPL Financial LLC | 1,096 | $278.7K | 0.00% | +1,096 | New |
| Royal Bank of Canada | 1,009 | $256.0K | 0.00% | −160−13.7% | Reduced |
| Prudential Financial Inc | 834 | $212.1K | 0.00% | −620−42.6% | Reduced |
| Alliancebernstein L.P. | 821 | $208.8K | 0.00% | +821 | New |
| Ethic Inc. | 806 | $205.0K | 0.00% | +806 | New |
| New York State Common Retirement Fund | 686 | $174.4K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 600 | $152.6K | 0.00% | +32+5.6% | Added |
| MetLife Investment Management | 459 | $116.7K | 0.00% | +459 | New |
| SG Americas Securities, LLC | 454 | $115.0K | 0.00% | +454 | New |
| Wells Fargo & Company | 427 | $108.6K | 0.00% | +94+28.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 402 | $102.2K | 0.00% | +8+2.0% | Added |
| Public Employees Retirement Association of Colorado | 398 | $101.0K | 0.00% | 00.0% | Unchanged |
| Corebridge Financial, Inc. | 362 | $92.1K | 0.00% | −27−6.9% | Reduced |
| Advisor Group Holdings, Inc. | 202 | $51.4K | 0.00% | +140+225.8% | Added |
| Deutsche Bank AG | 172 | $43.7K | 0.00% | +172 | New |
| BNP Paribas Arbitrage, SA | 122 | $31.0K | 0.00% | −38−23.8% | Reduced |
| Atticus Wealth Management, LLC | 100 | $25.4K | 0.01% | +100 | New |
| Ameritas Investment Partners, Inc. | 80 | $20.3K | 0.00% | 00.0% | Unchanged |
| FMR LLC | 78 | $19.8K | 0.00% | +28+56.0% | Added |
| Hoey Investments, Inc | 72 | $18.3K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 70 | $17.8K | 0.00% | 00.0% | Unchanged |
| Barrow Hanley Mewhinney & Strauss LLC | 67 | $17.0K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 65 | $16.5K | 0.00% | 00.0% | Unchanged |
| California State Teachers Retirement System | 53 | $13.5K | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 50 | $12.7K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 46 | $11.7K | 0.00% | −18−28.1% | Reduced |
| Sterling Capital Management LLC | 34 | $8.65K | 0.00% | +21+161.5% | Added |
| CWM, LLC | 26 | $7.00K | 0.00% | +19+271.4% | Added |
| North Star Investment Management Corp. | 26 | $6.61K | 0.00% | 00.0% | Unchanged |
| Amalgamated Bank | 25 | $6.00K | 0.00% | 00.0% | Unchanged |
| Moisand Fitzgerald Tamayo, LLC | 21 | $5.34K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 19 | $4.83K | 0.00% | 00.0% | Unchanged |
| Caitlin John, LLC | 15 | $3.81K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 10 | $2.56K | 0.00% | +10 | New |
| The PNC Financial Services Group, Inc. | 8 | $2.03K | 0.00% | −8−50.0% | Reduced |
| GAMMA Investing LLC | 5 | $1.27K | 0.00% | +5 | New |
| CIBC Private Wealth Group, LLC | 4 | $912 | 0.00% | 00.0% | Unchanged |
| American Capital Advisory, LLC | 3 | $763 | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 2 | $509 | 0.00% | +2 | New |
| Salem Investment Counselors Inc | 1 | $255 | 0.00% | 00.0% | Unchanged |
| Acuitas Investments, LLC | 0 | $0 | 0.00% | −14,384−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −1,994−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −1,400−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −1,380−100.0% | Sold out |
| Russell Investments Group, Ltd. | 0 | $0 | 0.00% | −890−100.0% | Sold out |
| Nisa Investment Advisors, LLC | 0 | $0 | 0.00% | −40−100.0% | Sold out |
| Farther Finance Advisors, LLC | 0 | $0 | 0.00% | −4−100.0% | Sold out |
| Capital Performance Advisors LLP | 0 | $0 | 0.00% | −3−100.0% | Sold out |